Adjusted savings: gross savings in Faroe Islands
Faroe Islands: Adjusted savings: gross savings was 27.3% in 2011. ▼ Falling
Adjusted savings: gross savings in Faroe Islands, 1998–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: gross savings in Faroe Islands is 27.3%, measured in 2011.
Compared with earlier readings it is up 18.5% on the previous year and down 28.7% over ten years.
Over the whole period, adjusted savings: gross savings in Faroe Islands peaked at 40.7% in 1998 and was at its lowest, 12.2%, in 2009.
That places Faroe Islands 63rd 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 in Faroe Islands, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1998 | 40.7% | — |
| 1999 | 37.5% | -7.7% |
| 2000 | 39.0% | +3.8% |
| 2001 | 38.3% | -1.8% |
| 2002 | 32.9% | -14.0% |
| 2003 | 27.5% | -16.4% |
| 2004 | 24.6% | -10.7% |
| 2005 | 15.6% | -36.6% |
| 2006 | 24.4% | +56.7% |
| 2007 | 27.6% | +13.3% |
| 2008 | 21.1% | -23.6% |
| 2009 | 12.2% | -42.1% |
| 2010 | 23.0% | +88.4% |
| 2011 | 27.3% | +18.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 39.1% | 37.5% | 40.7% | 2 |
| 2000s | 26.3% | 12.2% | 39.0% | 10 |
| 2010s | 25.2% | 23.0% | 27.3% | 2 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (2024)
- External balance on goods and services (current US$), annual growth 227.91 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 228.14 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.6524 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
Frequently asked questions
- What is adjusted savings: gross savings in Faroe Islands?
- Adjusted savings: gross savings in Faroe Islands was 27.3% in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Faroe Islands?
- The highest recorded value was 40.7% in 1998.
- What is the lowest adjusted savings: gross savings recorded in Faroe Islands?
- The lowest recorded value was 12.2% in 2009.
- How does Faroe Islands rank for adjusted savings: gross savings?
- Faroe Islands ranks 63rd 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 down 28.7%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). 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. 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.