Adjusted savings: gross savings in Faroe Islands
Faroe Islands: Adjusted savings: gross savings was 721.05 million current US$ in 2011. ▲ Rising
Adjusted savings: gross savings in Faroe Islands, 1998–2011
Source: World Bank national accounts data files. Measured in current US$.
Analysis
The most recent figure for adjusted savings: gross savings in Faroe Islands is 721.05 million current US$, measured in 2011. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 32.5% on the previous year and up 58.2% over ten years.
Over the whole period, adjusted savings: gross savings in Faroe Islands peaked at 721.05 million current US$ in 2011 and was at its lowest, 274.51 million current US$, in 2009.
Faroe Islands ranks 147th of 178 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Adjusted savings: gross savings in Faroe Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1998 | 463.24 million current US$ | — |
| 1999 | 439.28 million current US$ | -5.2% |
| 2000 | 431.71 million current US$ | -1.7% |
| 2001 | 455.72 million current US$ | +5.6% |
| 2002 | 432.79 million current US$ | -5.0% |
| 2003 | 428.24 million current US$ | -1.1% |
| 2004 | 439.63 million current US$ | +2.7% |
| 2005 | 283.56 million current US$ | -35.5% |
| 2006 | 508.97 million current US$ | +79.5% |
| 2007 | 665.67 million current US$ | +30.8% |
| 2008 | 528.94 million current US$ | -20.5% |
| 2009 | 274.51 million current US$ | -48.1% |
| 2010 | 544.34 million current US$ | +98.3% |
| 2011 | 721.05 million current US$ | +32.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 451.26 million current US$ | 439.28 million current US$ | 463.24 million current US$ | 2 |
| 2000s | 444.97 million current US$ | 274.51 million current US$ | 665.67 million current US$ | 10 |
| 2010s | 632.70 million current US$ | 544.34 million current US$ | 721.05 million current US$ | 2 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Gdp per capita worldbank constant usd 59,302 (2024)
- Services, value added 53.8% (2024)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 59,302 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0.0002 units per person (2024)
- External balance on goods and services as a percent of gdp 3.36 (2024)
- Gross value added at basic prices (GVA) 24.64 billion current LCU (2024)
- Gross value added at basic prices (GVA) 3.57 billion current US$ (2024)
- Discrepancy in expenditure estimate of GDP 100,000 current LCU (2024)
Frequently asked questions
- What is adjusted savings: gross savings in Faroe Islands?
- Adjusted savings: gross savings in Faroe Islands was 721.05 million current US$ in 2011, according to World Bank national accounts data files.
- What is the highest adjusted savings: gross savings recorded in Faroe Islands?
- The highest recorded value was 721.05 million current US$ in 2011.
- What is the lowest adjusted savings: gross savings recorded in Faroe Islands?
- The lowest recorded value was 274.51 million current US$ in 2009.
- How does Faroe Islands rank for adjusted savings: gross savings?
- Faroe Islands ranks 147th out of 178 countries with data for 2011.
- Is adjusted savings: gross savings rising or falling in Faroe Islands?
- Over the last ten years it is up 58.2%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from World Bank national accounts data files, published as part of Adjusted savings: gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.