Gross capital formation (current US$), annual growth rate in Faroe Islands
Faroe Islands: Gross capital formation (current US$), annual growth rate was -7.73 % change on previous year in 2024. ◆ Volatile
Gross capital formation (current US$), annual growth rate in Faroe Islands, 1999–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross capital formation (current us$), annual growth rate in Faroe Islands is -7.73 % change on previous year, measured in 2024.
The figure is down 231.3% on the previous year and down 184.6% over ten years.
Over the whole period, gross capital formation (current us$), annual growth rate in Faroe Islands peaked at 58.83 % change on previous year in 2003 and was at its lowest, -38.19 % change on previous year, in 2009.
Faroe Islands ranks 169th of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current US$), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 9.2 % change on previous year | — |
| 2000 | 23.24 % change on previous year | +152.7% |
| 2001 | -7.84 % change on previous year | -133.7% |
| 2002 | -2 % change on previous year | -74.5% |
| 2003 | 58.83 % change on previous year | -3041.5% |
| 2004 | -26.02 % change on previous year | -144.2% |
| 2005 | 11.01 % change on previous year | -142.3% |
| 2006 | 49.32 % change on previous year | +348.0% |
| 2007 | 29.97 % change on previous year | -39.2% |
| 2008 | -13.35 % change on previous year | -144.6% |
| 2009 | -38.19 % change on previous year | +186.0% |
| 2010 | 13.03 % change on previous year | -134.1% |
| 2011 | -10.5 % change on previous year | -180.6% |
| 2012 | 56.45 % change on previous year | -637.4% |
| 2013 | -8.85 % change on previous year | -115.7% |
| 2014 | 9.14 % change on previous year | -203.3% |
| 2015 | -2.7 % change on previous year | -129.6% |
| 2016 | 1.07 % change on previous year | -139.7% |
| 2017 | 12.12 % change on previous year | +1030.1% |
| 2018 | 35.51 % change on previous year | +192.9% |
| 2019 | -4.79 % change on previous year | -113.5% |
| 2020 | 2.5 % change on previous year | -152.2% |
| 2021 | 15.51 % change on previous year | +519.5% |
| 2022 | 9.42 % change on previous year | -39.2% |
| 2023 | 5.88 % change on previous year | -37.6% |
| 2024 | -7.73 % change on previous year | -231.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.2 % change on previous year | 9.2 % change on previous year | 9.2 % change on previous year | 1 |
| 2000s | 8.5 % change on previous year | -38.19 % change on previous year | 58.83 % change on previous year | 10 |
| 2010s | 10.05 % change on previous year | -10.5 % change on previous year | 56.45 % change on previous year | 10 |
| 2020s | 5.12 % change on previous year | -7.73 % change on previous year | 15.51 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 166 Egypt -6.88 % change on previous year compare
- 167 Azerbaijan -6.9 % change on previous year compare
- 168 Panama -7.67 % change on previous year compare
- 170 Macau, China -8.45 % change on previous year compare
- 171 Cuba -10.83 % change on previous year compare
- 172 Senegal -10.97 % change on previous year compare
More economy & growth data for Faroe Islands
- Manufacturing, value added (current US$), per capita 7,019 current US$ per person (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)
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (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)
- External balance on goods and services (current US$), annual growth 227.91 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation (current us$), annual growth rate in Faroe Islands?
- Gross capital formation (current us$), annual growth rate in Faroe Islands was -7.73 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross capital formation (current us$), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 58.83 % change on previous year in 2003.
- What is the lowest gross capital formation (current us$), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -38.19 % change on previous year in 2009.
- How does Faroe Islands rank for gross capital formation (current us$), annual growth rate?
- Faroe Islands ranks 169th out of 186 countries with data for 2024.
- Is gross capital formation (current us$), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is down 184.6%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross capital formation (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross capital formation (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross capital formation (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.