Faroe Islands vs Hong Kong, China: Gross savings
Gross savings over time
- Faroe Islands
- Hong Kong, China
How they compare
Faroe Islands currently reports 27.3% against 26.6% in Hong Kong, China, a difference of 0.7%.
The two have swapped places 1 time across 14 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 57th and Hong Kong, China ranks 59th of 178 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 1 and Hong Kong, China in 2.
Head to head by decade
| Decade | Faroe Islands | Hong Kong, China | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 39.1% | 30.5% | 8.6% | Faroe Islands |
| 2000s | 26.3% | 32.3% | 5.9% | Hong Kong, China |
| 2010s | 25.2% | 29.6% | 4.4% | Hong Kong, China |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Faroe Islands or Hong Kong, China?
- Faroe Islands, at 27.3% against 26.6% in Hong Kong, China as of 2011.
- What is the difference in gross savings between Faroe Islands and Hong Kong, China?
- 0.7%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Hong Kong, China?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Hong Kong, China rank globally for gross savings?
- Faroe Islands ranks 57th and Hong Kong, China ranks 59th 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.
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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.