Gross capital formation (current LCU), per square kilometre in Faroe Islands
Faroe Islands: Gross capital formation (current LCU), per square kilometre was 6.22 million current LCU per square kilometre in 2023. ▲ Rising
Gross capital formation (current LCU), per square kilometre in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
In 2023, gross capital formation (current lcu), per square kilometre in Faroe Islands stood at 6.22 million current LCU per square kilometre. That is the highest value across all 26 years on record.
The figure is up 3.1% on the previous year and up 166.2% over ten years.
Over the whole period, gross capital formation (current lcu), per square kilometre in Faroe Islands peaked at 6.22 million current LCU per square kilometre in 2023 and was at its lowest, 1.17 million current LCU per square kilometre, in 1998.
That places Faroe Islands 74th out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Gross capital formation (current LCU), per square kilometre in Faroe Islands, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1998 | 1.17 million current LCU per square kilometre | — |
| 1999 | 1.33 million current LCU per square kilometre | +13.7% |
| 2000 | 1.90 million current LCU per square kilometre | +42.8% |
| 2001 | 1.81 million current LCU per square kilometre | -5.1% |
| 2002 | 1.68 million current LCU per square kilometre | -7.0% |
| 2003 | 2.23 million current LCU per square kilometre | +32.5% |
| 2004 | 1.50 million current LCU per square kilometre | -32.7% |
| 2005 | 1.66 million current LCU per square kilometre | +11.1% |
| 2006 | 2.46 million current LCU per square kilometre | +48.1% |
| 2007 | 2.93 million current LCU per square kilometre | +19.0% |
| 2008 | 2.38 million current LCU per square kilometre | -18.9% |
| 2009 | 1.55 million current LCU per square kilometre | -35.0% |
| 2010 | 1.83 million current LCU per square kilometre | +18.6% |
| 2011 | 1.57 million current LCU per square kilometre | -14.6% |
| 2012 | 2.64 million current LCU per square kilometre | +68.8% |
| 2013 | 2.34 million current LCU per square kilometre | -11.6% |
| 2014 | 2.55 million current LCU per square kilometre | +9.1% |
| 2015 | 2.97 million current LCU per square kilometre | +16.6% |
| 2016 | 3.01 million current LCU per square kilometre | +1.1% |
| 2017 | 3.31 million current LCU per square kilometre | +10.0% |
| 2018 | 4.29 million current LCU per square kilometre | +29.6% |
| 2019 | 4.31 million current LCU per square kilometre | +0.6% |
| 2020 | 4.43 million current LCU per square kilometre | +2.8% |
| 2021 | 4.90 million current LCU per square kilometre | +10.7% |
| 2022 | 6.04 million current LCU per square kilometre | +23.2% |
| 2023 | 6.22 million current LCU per square kilometre | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.25 million current LCU per square kilometre | 1.17 million current LCU per square kilometre | 1.33 million current LCU per square kilometre | 2 |
| 2000s | 2.01 million current LCU per square kilometre | 1.50 million current LCU per square kilometre | 2.93 million current LCU per square kilometre | 10 |
| 2010s | 2.88 million current LCU per square kilometre | 1.57 million current LCU per square kilometre | 4.31 million current LCU per square kilometre | 10 |
| 2020s | 5.40 million current LCU per square kilometre | 4.43 million current LCU per square kilometre | 6.22 million current LCU per square kilometre | 4 |
Countries ranked near Faroe Islands
- 71 Bahrain 6.33 million current LCU per square kilometre compare
- 72 Netherlands 6.26 million current LCU per square kilometre compare
- 73 Trinidad and Tobago 6.25 million current LCU per square kilometre compare
- 75 Switzerland 6.03 million current LCU per square kilometre compare
- 76 China 5.67 million current LCU per square kilometre compare
- 77 Algeria 5.32 million current LCU per square kilometre compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross capital formation (current lcu), per square kilometre in Faroe Islands?
- Gross capital formation (current lcu), per square kilometre in Faroe Islands was 6.22 million current LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (current lcu), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 6.22 million current LCU per square kilometre in 2023.
- What is the lowest gross capital formation (current lcu), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 1.17 million current LCU per square kilometre in 1998.
- How does Faroe Islands rank for gross capital formation (current lcu), per square kilometre?
- Faroe Islands ranks 74th out of 184 countries with data for 2023.
- Is gross capital formation (current lcu), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 166.2%. 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 Gross capital formation (current LCU), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross capital formation (current LCU) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (current LCU) ÷ Land area (sq. km)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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
Gross capital formation (current LCU) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.