Faroe Islands vs Venezuela, Bolivarian Republic of: Gross savings
Gross savings over time
- Faroe Islands
- Venezuela, Bolivarian Republic of
How they compare
Faroe Islands currently reports 27.3% against 26.9% in Venezuela, Bolivarian Republic of, a difference of 0.4%.
Across all 14 years both countries report, Venezuela, Bolivarian Republic of has been ahead every year.
Faroe Islands ranks 57th and Venezuela, Bolivarian Republic of ranks 58th of 178 countries.
Venezuela, Bolivarian Republic of has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Faroe Islands | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 39.1% | 99.9% | 60.8% | Venezuela, Bolivarian Republic of |
| 2000s | 26.3% | 99.9% | 73.5% | Venezuela, Bolivarian Republic of |
| 2010s | 25.2% | 99.8% | 74.6% | Venezuela, Bolivarian Republic of |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Faroe Islands or Venezuela, Bolivarian Republic of?
- Faroe Islands, at 27.3% against 26.9% in Venezuela, Bolivarian Republic of as of 2011.
- What is the difference in gross savings between Faroe Islands and Venezuela, Bolivarian Republic of?
- 0.4%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Venezuela, Bolivarian Republic of?
- 14 years are reported by both, from 1998 to 2011.
- How do Faroe Islands and Venezuela, Bolivarian Republic of rank globally for gross savings?
- Faroe Islands ranks 57th and Venezuela, Bolivarian Republic of ranks 58th 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.