Adjusted savings: gross savings (current US$), per unit of GDP in Faroe Islands
Faroe Islands: Adjusted savings: gross savings (current US$), per unit of GDP was 0.2878 current US$ per US$ of GDP in 2011. ▼ Falling
Adjusted savings: gross savings (current US$), per unit of GDP in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2011, adjusted savings: gross savings (current us$), per unit of gdp in Faroe Islands stood at 0.2878 current US$ per US$ of GDP.
The figure is up 23.3% on the previous year and down 26.7% over ten years.
Over the whole period, adjusted savings: gross savings (current us$), per unit of gdp in Faroe Islands peaked at 0.4193 current US$ per US$ of GDP in 1998 and was at its lowest, 0.1196 current US$ per US$ of GDP, in 2009.
That places Faroe Islands 47th out of 178 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Adjusted savings: gross savings (current US$), per unit of GDP in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.4193 current US$ per US$ of GDP | — |
| 1999 | 0.3895 current US$ per US$ of GDP | -7.1% |
| 2000 | 0.4046 current US$ per US$ of GDP | +3.9% |
| 2001 | 0.3928 current US$ per US$ of GDP | -2.9% |
| 2002 | 0.3394 current US$ per US$ of GDP | -13.6% |
| 2003 | 0.2851 current US$ per US$ of GDP | -16.0% |
| 2004 | 0.2549 current US$ per US$ of GDP | -10.6% |
| 2005 | 0.1611 current US$ per US$ of GDP | -36.8% |
| 2006 | 0.2523 current US$ per US$ of GDP | +56.5% |
| 2007 | 0.2846 current US$ per US$ of GDP | +12.8% |
| 2008 | 0.2124 current US$ per US$ of GDP | -25.4% |
| 2009 | 0.1196 current US$ per US$ of GDP | -43.7% |
| 2010 | 0.2334 current US$ per US$ of GDP | +95.3% |
| 2011 | 0.2878 current US$ per US$ of GDP | +23.3% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.2878 current US$ per US$ of GDP is above the median for high income countries, which is 0.2519 current US$ per US$ of GDP, 1.1× the median. (62 countries reporting)
- Faroe Islands's 0.2878 current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.2482 current US$ per US$ of GDP, 1.2× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4044 current US$ per US$ of GDP | 0.3895 current US$ per US$ of GDP | 0.4193 current US$ per US$ of GDP | 2 |
| 2000s | 0.2707 current US$ per US$ of GDP | 0.1196 current US$ per US$ of GDP | 0.4046 current US$ per US$ of GDP | 10 |
| 2010s | 0.2606 current US$ per US$ of GDP | 0.2334 current US$ per US$ of GDP | 0.2878 current US$ per US$ of GDP | 2 |
Countries ranked near Faroe Islands
- 44 Morocco 0.2899 current US$ per US$ of GDP compare
- 45 Hong Kong 0.2893 current US$ per US$ of GDP compare
- 46 North Macedonia 0.2879 current US$ per US$ of GDP compare
- 48 Uzbekistan 0.287 current US$ per US$ of GDP compare
- 49 Russia 0.2866 current US$ per US$ of GDP compare
- 50 Belarus 0.2858 current US$ per US$ of GDP 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$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is adjusted savings: gross savings (current us$), per unit of gdp in Faroe Islands?
- Adjusted savings: gross savings (current us$), per unit of gdp in Faroe Islands was 0.2878 current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest adjusted savings: gross savings (current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.4193 current US$ per US$ of GDP in 1998.
- What is the lowest adjusted savings: gross savings (current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.1196 current US$ per US$ of GDP in 2009.
- How does Faroe Islands rank for adjusted savings: gross savings (current us$), per unit of gdp?
- Faroe Islands ranks 47th out of 178 countries with data for 2011.
- Is adjusted savings: gross savings (current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 26.7%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Adjusted savings: gross savings (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Adjusted savings: gross savings (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Adjusted savings: gross savings (current US$) ÷ GDP (current US$)
Computed from
- Adjusted savings: gross savings World Bank national accounts data files
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Adjusted savings: gross savings (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.