Gross capital formation (current LCU), per unit of GDP (current unit) in Faroe Islands
Faroe Islands: Gross capital formation (current LCU), per unit of GDP (current unit) was 1.94 current LCU per US$ of GDP in 2024. ▲ Rising
Gross capital formation (current LCU), per unit of GDP in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for gross capital formation (current lcu), per unit of gdp in Faroe Islands is 1.94 current LCU per US$ of GDP, measured in 2024.
The figure is down 10.2% on the previous year and up 59.0% over ten years.
Over the whole period, gross capital formation (current lcu), per unit of gdp in Faroe Islands peaked at 2.49 current LCU per US$ of GDP in 2000 and was at its lowest, 0.8728 current LCU per US$ of GDP, in 2011.
Faroe Islands ranks 100th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Gross capital formation (current LCU), per unit of GDP (current unit) in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1998 | 1.48 current LCU per US$ of GDP | — |
| 1999 | 1.65 current LCU per US$ of GDP | +11.4% |
| 2000 | 2.49 current LCU per US$ of GDP | +50.9% |
| 2001 | 2.17 current LCU per US$ of GDP | -12.7% |
| 2002 | 1.84 current LCU per US$ of GDP | -15.4% |
| 2003 | 2.07 current LCU per US$ of GDP | +12.5% |
| 2004 | 1.21 current LCU per US$ of GDP | -41.4% |
| 2005 | 1.32 current LCU per US$ of GDP | +8.9% |
| 2006 | 1.71 current LCU per US$ of GDP | +29.1% |
| 2007 | 1.75 current LCU per US$ of GDP | +2.6% |
| 2008 | 1.33 current LCU per US$ of GDP | -23.8% |
| 2009 | 0.9402 current LCU per US$ of GDP | -29.5% |
| 2010 | 1.1 current LCU per US$ of GDP | +16.8% |
| 2011 | 0.8728 current LCU per US$ of GDP | -20.5% |
| 2012 | 1.52 current LCU per US$ of GDP | +74.3% |
| 2013 | 1.21 current LCU per US$ of GDP | -20.3% |
| 2014 | 1.22 current LCU per US$ of GDP | +0.7% |
| 2015 | 1.61 current LCU per US$ of GDP | +32.0% |
| 2016 | 1.49 current LCU per US$ of GDP | -7.5% |
| 2017 | 1.55 current LCU per US$ of GDP | +3.8% |
| 2018 | 1.88 current LCU per US$ of GDP | +21.1% |
| 2019 | 1.84 current LCU per US$ of GDP | -1.8% |
| 2020 | 1.85 current LCU per US$ of GDP | +0.4% |
| 2021 | 1.81 current LCU per US$ of GDP | -1.8% |
| 2022 | 2.29 current LCU per US$ of GDP | +26.0% |
| 2023 | 2.16 current LCU per US$ of GDP | -5.5% |
| 2024 | 1.94 current LCU per US$ of GDP | -10.2% |
Faroe Islands compared with similar countries
- Faroe Islands's 1.94 current LCU per US$ of GDP is above the median for high income countries, which is 0.3353 current LCU per US$ of GDP, 5.8× the median. (67 countries reporting)
- Faroe Islands's 1.94 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.4098 current LCU per US$ of GDP, 4.7× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.57 current LCU per US$ of GDP | 1.48 current LCU per US$ of GDP | 1.65 current LCU per US$ of GDP | 2 |
| 2000s | 1.68 current LCU per US$ of GDP | 0.9402 current LCU per US$ of GDP | 2.49 current LCU per US$ of GDP | 10 |
| 2010s | 1.43 current LCU per US$ of GDP | 0.8728 current LCU per US$ of GDP | 1.88 current LCU per US$ of GDP | 10 |
| 2020s | 2.01 current LCU per US$ of GDP | 1.81 current LCU per US$ of GDP | 2.29 current LCU per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 97 South Africa 2.48 current LCU per US$ of GDP compare
- 98 Greenland 2.48 current LCU per US$ of GDP compare
- 99 Norway 2.41 current LCU per US$ of GDP compare
- 101 Eritrea 1.94 current LCU per US$ of GDP compare
- 102 Sao Tome and Principe 1.9 current LCU per US$ of GDP compare
- 103 Zimbabwe 1.75 current LCU per US$ of GDP compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), annual growth rate -1.96 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ 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)
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- GDP (current US$), annual growth rate 2.78 % change on previous year (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation (current lcu), per unit of gdp in Faroe Islands?
- Gross capital formation (current lcu), per unit of gdp in Faroe Islands was 1.94 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross capital formation (current lcu), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 2.49 current LCU per US$ of GDP in 2000.
- What is the lowest gross capital formation (current lcu), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.8728 current LCU per US$ of GDP in 2011.
- How does Faroe Islands rank for gross capital formation (current lcu), per unit of gdp?
- Faroe Islands ranks 100th out of 187 countries with data for 2024.
- Is gross capital formation (current lcu), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 59.0%. 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 Gross capital formation (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross capital formation (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (current LCU) ÷ GDP (current US$)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- 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
Gross capital formation (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.