Gross domestic savings (current LCU), per capita (capita LCU) in Faroe Islands
Faroe Islands: Gross domestic savings (current LCU), per capita (capita LCU) was 161,245 current LCU per person in 2024. ◆ Volatile
Gross domestic savings (current LCU), per capita in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
Faroe Islands recorded 161,245 current LCU per person for gross domestic savings (current lcu), per capita in 2024.
That represents a change of down 0.4% on the previous year and up 112.7% over ten years.
Over the whole period, gross domestic savings (current lcu), per capita in Faroe Islands peaked at 161,971 current LCU per person in 2023 and was at its lowest, 11,231 current LCU per person, in 2005.
That places Faroe Islands 49th out of 187 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (current LCU), per capita (capita LCU) in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 39,452 current LCU per person | — |
| 1999 | 36,061 current LCU per person | -8.6% |
| 2000 | 43,251 current LCU per person | +19.9% |
| 2001 | 50,406 current LCU per person | +16.5% |
| 2002 | 48,480 current LCU per person | -3.8% |
| 2003 | 34,388 current LCU per person | -29.1% |
| 2004 | 30,376 current LCU per person | -11.7% |
| 2005 | 11,231 current LCU per person | -63.0% |
| 2006 | 36,932 current LCU per person | +228.8% |
| 2007 | 44,479 current LCU per person | +20.4% |
| 2008 | 38,227 current LCU per person | -14.1% |
| 2009 | 20,172 current LCU per person | -47.2% |
| 2010 | 42,542 current LCU per person | +110.9% |
| 2011 | 42,347 current LCU per person | -0.5% |
| 2012 | 41,398 current LCU per person | -2.2% |
| 2013 | 57,683 current LCU per person | +39.3% |
| 2014 | 75,799 current LCU per person | +31.4% |
| 2015 | 87,791 current LCU per person | +15.8% |
| 2016 | 102,167 current LCU per person | +16.4% |
| 2017 | 113,528 current LCU per person | +11.1% |
| 2018 | 112,416 current LCU per person | -1.0% |
| 2019 | 128,424 current LCU per person | +14.2% |
| 2020 | 109,501 current LCU per person | -14.7% |
| 2021 | 128,054 current LCU per person | +16.9% |
| 2022 | 152,863 current LCU per person | +19.4% |
| 2023 | 161,971 current LCU per person | +6.0% |
| 2024 | 161,245 current LCU per person | -0.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 161,245 current LCU per person is above the median for high income countries, which is 17,956 current LCU per person, 9.0× the median. (67 countries reporting)
- Faroe Islands's 161,245 current LCU per person is above the median for Europe & Central Asia, which is 12,880 current LCU per person, 12.5× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (current LCU), per capita (capita LCU) in Faroe Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | +228.8% | 11,231 current LCU per person | 36,932 current LCU per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 37,757 current LCU per person | 36,061 current LCU per person | 39,452 current LCU per person | 2 |
| 2000s | 35,794 current LCU per person | 11,231 current LCU per person | 50,406 current LCU per person | 10 |
| 2010s | 80,409 current LCU per person | 41,398 current LCU per person | 128,424 current LCU per person | 10 |
| 2020s | 142,727 current LCU per person | 109,501 current LCU per person | 161,971 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 46 Chad 196,638 current LCU per person compare
- 47 Sweden 171,055 current LCU per person compare
- 48 Denmark 168,880 current LCU per person compare
- 50 Cameroon 149,652 current LCU per person compare
- 51 Burkina Faso 148,247 current LCU per person compare
- 52 Dominican Republic 140,455 current LCU per person 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)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is gross domestic savings (current lcu), per capita in Faroe Islands?
- Gross domestic savings (current lcu), per capita in Faroe Islands was 161,245 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic savings (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 161,971 current LCU per person in 2023.
- What is the lowest gross domestic savings (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 11,231 current LCU per person in 2005.
- How does Faroe Islands rank for gross domestic savings (current lcu), per capita?
- Faroe Islands ranks 49th out of 187 countries with data for 2024.
- Is gross domestic savings (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 112.7%. 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 domestic savings (current LCU), per capita. 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 domestic savings (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic savings (current LCU) ÷ Population, total
Computed from
- Gross domestic savings Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
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 domestic savings (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.