Gross capital formation (current LCU), per unit of GDP in Faroe Islands
Faroe Islands: Gross capital formation (current LCU), per unit of GDP 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 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% |
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
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (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)
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 13,574 current US$ per person (2024)
- Industry (including construction), value added (current US$), per 0.183 current US$ per US$ of GDP (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (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.
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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.