Gross domestic savings (current LCU), per square kilometre in Faroe Islands
Faroe Islands: Gross domestic savings (current LCU), per square kilometre was 6.43 million current LCU per square kilometre in 2023. ◆ Volatile
Gross domestic savings (current LCU), per square kilometre in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
The most recent figure for gross domestic savings (current lcu), per square kilometre in Faroe Islands is 6.43 million current LCU per square kilometre, measured in 2023. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 6.9% on the previous year and up 222.6% over ten years.
Over the whole period, gross domestic savings (current lcu), per square kilometre in Faroe Islands peaked at 6.43 million current LCU per square kilometre in 2023 and was at its lowest, 389,040 current LCU per square kilometre, in 2005.
Faroe Islands ranks 67th of 184 countries on this measure, 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 square kilometre in Faroe Islands, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1998 | 1.26 million current LCU per square kilometre | — |
| 1999 | 1.17 million current LCU per square kilometre | -7.6% |
| 2000 | 1.42 million current LCU per square kilometre | +21.6% |
| 2001 | 1.68 million current LCU per square kilometre | +18.8% |
| 2002 | 1.64 million current LCU per square kilometre | -2.4% |
| 2003 | 1.18 million current LCU per square kilometre | -28.0% |
| 2004 | 1.05 million current LCU per square kilometre | -11.0% |
| 2005 | 389,040 current LCU per square kilometre | -63.0% |
| 2006 | 1.28 million current LCU per square kilometre | +228.7% |
| 2007 | 1.54 million current LCU per square kilometre | +20.5% |
| 2008 | 1.33 million current LCU per square kilometre | -13.8% |
| 2009 | 705,014 current LCU per square kilometre | -47.0% |
| 2010 | 1.48 million current LCU per square kilometre | +110.3% |
| 2011 | 1.47 million current LCU per square kilometre | -0.7% |
| 2012 | 1.43 million current LCU per square kilometre | -2.7% |
| 2013 | 1.99 million current LCU per square kilometre | +39.2% |
| 2014 | 2.63 million current LCU per square kilometre | +31.9% |
| 2015 | 3.08 million current LCU per square kilometre | +16.9% |
| 2016 | 3.62 million current LCU per square kilometre | +17.7% |
| 2017 | 4.08 million current LCU per square kilometre | +12.7% |
| 2018 | 4.11 million current LCU per square kilometre | +0.6% |
| 2019 | 4.76 million current LCU per square kilometre | +16.0% |
| 2020 | 4.21 million current LCU per square kilometre | -11.6% |
| 2021 | 4.98 million current LCU per square kilometre | +18.2% |
| 2022 | 6.01 million current LCU per square kilometre | +20.7% |
| 2023 | 6.43 million current LCU per square kilometre | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.21 million current LCU per square kilometre | 1.17 million current LCU per square kilometre | 1.26 million current LCU per square kilometre | 2 |
| 2000s | 1.22 million current LCU per square kilometre | 389,040 current LCU per square kilometre | 1.68 million current LCU per square kilometre | 10 |
| 2010s | 2.87 million current LCU per square kilometre | 1.43 million current LCU per square kilometre | 4.76 million current LCU per square kilometre | 10 |
| 2020s | 5.41 million current LCU per square kilometre | 4.21 million current LCU per square kilometre | 6.43 million current LCU per square kilometre | 4 |
Countries ranked near Faroe Islands
- 64 Philippines 7.55 million current LCU per square kilometre compare
- 65 Pakistan 7.04 million current LCU per square kilometre compare
- 66 Burkina Faso 6.69 million current LCU per square kilometre compare
- 68 China 5.96 million current LCU per square kilometre compare
- 69 North Macedonia 5.95 million current LCU per square kilometre compare
- 70 Algeria 5.86 million current LCU per square kilometre compare
More economy & growth data for Faroe Islands
- Manufacturing, value added (current LCU), per unit of GDP 0.6524 current LCU per US$ of GDP (2024)
- Services, value added (current US$), annual growth rate 7.14 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 93,585 current LCU per person (2024)
- GDP (current US$), annual growth rate 2.78 % change on previous year (2024)
- Industry (including construction), value added (current LCU), annual -5.07 % 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)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
- External balance on goods and services (current LCU), annual growth 228.14 % change on previous year (2024)
Frequently asked questions
- What is gross domestic savings (current lcu), per square kilometre in Faroe Islands?
- Gross domestic savings (current lcu), per square kilometre in Faroe Islands was 6.43 million current LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross domestic savings (current lcu), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 6.43 million current LCU per square kilometre in 2023.
- What is the lowest gross domestic savings (current lcu), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 389,040 current LCU per square kilometre in 2005.
- How does Faroe Islands rank for gross domestic savings (current lcu), per square kilometre?
- Faroe Islands ranks 67th out of 184 countries with data for 2023.
- Is gross domestic savings (current lcu), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 222.6%. 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 domestic savings (current LCU), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic savings (current LCU) ÷ Land area (sq. km)
Computed from
- Gross domestic savings 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 domestic savings (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.