Adjusted savings: gross savings (current US$), per capita in Faroe Islands
Faroe Islands: Adjusted savings: gross savings (current US$), per capita was 14,854 current US$ per person in 2011. ▲ Rising
Adjusted savings: gross savings (current US$), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
In 2011, adjusted savings: gross savings (current us$), per capita in Faroe Islands stood at 14,854 current US$ per person. That is the highest value across all 14 years on record.
That represents a change of up 32.8% on the previous year and up 52.0% over ten years.
Over the whole period, adjusted savings: gross savings (current us$), per capita in Faroe Islands peaked at 14,854 current US$ per person in 2011 and was at its lowest, 5,626 current US$ per person, in 2009.
That places Faroe Islands 16th out of 178 countries with data for 2011, putting it in the top 10%.
The long-run direction has been consistently rising across the 14 years of available data.
Adjusted savings: gross savings (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1998 | 10,369 current US$ per person | — |
| 1999 | 9,730 current US$ per person | -6.2% |
| 2000 | 9,435 current US$ per person | -3.0% |
| 2001 | 9,772 current US$ per person | +3.6% |
| 2002 | 9,143 current US$ per person | -6.4% |
| 2003 | 8,916 current US$ per person | -2.5% |
| 2004 | 9,086 current US$ per person | +1.9% |
| 2005 | 5,864 current US$ per person | -35.5% |
| 2006 | 10,530 current US$ per person | +79.6% |
| 2007 | 13,760 current US$ per person | +30.7% |
| 2008 | 10,895 current US$ per person | -20.8% |
| 2009 | 5,626 current US$ per person | -48.4% |
| 2010 | 11,188 current US$ per person | +98.8% |
| 2011 | 14,854 current US$ per person | +32.8% |
Faroe Islands compared with similar countries
- Faroe Islands's 14,854 current US$ per person is above the median for high income countries, which is 8,392 current US$ per person, 1.8× the median. (62 countries reporting)
- Faroe Islands's 14,854 current US$ per person is above the median for Europe & Central Asia, which is 4,415 current US$ per person, 3.4× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10,050 current US$ per person | 9,730 current US$ per person | 10,369 current US$ per person | 2 |
| 2000s | 9,303 current US$ per person | 5,626 current US$ per person | 13,760 current US$ per person | 10 |
| 2010s | 13,021 current US$ per person | 11,188 current US$ per person | 14,854 current US$ per person | 2 |
Countries ranked near Faroe Islands
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$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is adjusted savings: gross savings (current us$), per capita in Faroe Islands?
- Adjusted savings: gross savings (current us$), per capita in Faroe Islands was 14,854 current US$ per person in 2011, according to Statizoid (derived).
- What is the highest adjusted savings: gross savings (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 14,854 current US$ per person in 2011.
- What is the lowest adjusted savings: gross savings (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 5,626 current US$ per person in 2009.
- How does Faroe Islands rank for adjusted savings: gross savings (current us$), per capita?
- Faroe Islands ranks 16th out of 178 countries with data for 2011.
- Is adjusted savings: gross savings (current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 52.0%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Adjusted savings: gross savings (current US$), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Adjusted savings: gross savings (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Adjusted savings: gross savings (current US$) ÷ Population, total
Computed from
- Adjusted savings: gross savings World Bank national accounts data files
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Adjusted savings: gross savings (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.