Faroe Islands vs Gambia: Gross savings
Gross savings over time
- Faroe Islands
- Gambia
How they compare
Faroe Islands currently reports 27.3% against 26.3% in Gambia, a difference of 1.0%.
Across all 9 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 57th and Gambia ranks 60th of 178 countries.
Faroe Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Faroe Islands | Gambia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 21.9% | 6.8% | 15.1% | Faroe Islands |
| 2010s | 25.2% | 3.0% | 22.1% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Faroe Islands or Gambia?
- Faroe Islands, at 27.3% against 26.3% in Gambia as of 2011.
- What is the difference in gross savings between Faroe Islands and Gambia?
- 1.0%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Gambia?
- 9 years are reported by both, from 2003 to 2011.
- How do Faroe Islands and Gambia rank globally for gross savings?
- Faroe Islands ranks 57th and Gambia ranks 60th of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GNI). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.