Adjusted savings: gross savings (current US$), annual growth rate in Faroe Islands
Faroe Islands: Adjusted savings: gross savings (current US$), annual growth rate was 32.46 % change on previous year in 2011. ◆ Volatile
Adjusted savings: gross savings (current US$), annual growth rate in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2011, adjusted savings: gross savings (current us$), annual growth rate in Faroe Islands stood at 32.46 % change on previous year.
That represents a change of down 67.0% on the previous year and up 483.8% over ten years.
Over the whole period, adjusted savings: gross savings (current us$), annual growth rate in Faroe Islands peaked at 98.3 % change on previous year in 2010 and was at its lowest, -48.1 % change on previous year, in 2009.
That places Faroe Islands 38th out of 177 countries with data for 2011, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: gross savings (current US$), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | -5.17 % change on previous year | — |
| 2000 | -1.72 % change on previous year | -66.7% |
| 2001 | 5.56 % change on previous year | -422.8% |
| 2002 | -5.03 % change on previous year | -190.5% |
| 2003 | -1.05 % change on previous year | -79.1% |
| 2004 | 2.66 % change on previous year | -352.6% |
| 2005 | -35.5 % change on previous year | -1434.2% |
| 2006 | 79.49 % change on previous year | -323.9% |
| 2007 | 30.79 % change on previous year | -61.3% |
| 2008 | -20.54 % change on previous year | -166.7% |
| 2009 | -48.1 % change on previous year | +134.2% |
| 2010 | 98.3 % change on previous year | -304.3% |
| 2011 | 32.46 % change on previous year | -67.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 32.46 % change on previous year is above the median for high income countries, which is 17.56 % change on previous year, 1.8× the median. (62 countries reporting)
- Faroe Islands's 32.46 % change on previous year is above the median for Europe & Central Asia, which is 18.86 % change on previous year, 1.7× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -5.17 % change on previous year | -5.17 % change on previous year | -5.17 % change on previous year | 1 |
| 2000s | 0.6554 % change on previous year | -48.1 % change on previous year | 79.49 % change on previous year | 10 |
| 2010s | 65.38 % change on previous year | 32.46 % change on previous year | 98.3 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 35 Russia 34.16 % change on previous year compare
- 36 Jamaica 33.86 % change on previous year compare
- 37 Algeria 33.81 % change on previous year compare
- 39 Brazil 32.15 % change on previous year compare
- 40 Luxembourg 32 % change on previous year compare
- 41 United Kingdom 31.33 % change on previous year compare
More economy & growth data for Faroe Islands
- Households and NPISHs Final consumption expenditure (current US$) 2.82 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 142,484 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) 0.4061 current US$ per US$ of GDP (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is adjusted savings: gross savings (current us$), annual growth rate in Faroe Islands?
- Adjusted savings: gross savings (current us$), annual growth rate in Faroe Islands was 32.46 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest adjusted savings: gross savings (current us$), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 98.3 % change on previous year in 2010.
- What is the lowest adjusted savings: gross savings (current us$), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -48.1 % change on previous year in 2009.
- How does Faroe Islands rank for adjusted savings: gross savings (current us$), annual growth rate?
- Faroe Islands ranks 38th out of 177 countries with data for 2011.
- Is adjusted savings: gross savings (current us$), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is up 483.8%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Adjusted savings: gross savings (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Adjusted savings: gross savings (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Adjusted savings: gross savings World Bank national accounts data files
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Adjusted savings: gross savings (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.