Gross domestic savings (current US$), per capita in Faroe Islands
Faroe Islands: Gross domestic savings (current US$), per capita was 23,387 current US$ per person in 2024. ◆ Volatile
Gross domestic savings (current US$), per capita in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
The most recent figure for gross domestic savings (current us$), per capita in Faroe Islands is 23,387 current US$ per person, measured in 2024.
That represents a change of down 0.5% on the previous year and up 73.2% over ten years.
Over the whole period, gross domestic savings (current us$), per capita in Faroe Islands peaked at 23,509 current US$ per person in 2023 and was at its lowest, 1,873 current US$ per person, in 2005.
Faroe Islands ranks 12th of 187 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (current US$), per capita in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1998 | 5,888 current US$ per person | — |
| 1999 | 5,169 current US$ per person | -12.2% |
| 2000 | 5,351 current US$ per person | +3.5% |
| 2001 | 6,056 current US$ per person | +13.2% |
| 2002 | 6,141 current US$ per person | +1.4% |
| 2003 | 5,220 current US$ per person | -15.0% |
| 2004 | 5,070 current US$ per person | -2.9% |
| 2005 | 1,873 current US$ per person | -63.1% |
| 2006 | 6,210 current US$ per person | +231.6% |
| 2007 | 8,171 current US$ per person | +31.6% |
| 2008 | 7,498 current US$ per person | -8.2% |
| 2009 | 3,763 current US$ per person | -49.8% |
| 2010 | 7,564 current US$ per person | +101.0% |
| 2011 | 7,888 current US$ per person | +4.3% |
| 2012 | 7,147 current US$ per person | -9.4% |
| 2013 | 10,271 current US$ per person | +43.7% |
| 2014 | 13,505 current US$ per person | +31.5% |
| 2015 | 13,049 current US$ per person | -3.4% |
| 2016 | 15,177 current US$ per person | +16.3% |
| 2017 | 17,194 current US$ per person | +13.3% |
| 2018 | 17,803 current US$ per person | +3.5% |
| 2019 | 19,256 current US$ per person | +8.2% |
| 2020 | 16,738 current US$ per person | -13.1% |
| 2021 | 20,368 current US$ per person | +21.7% |
| 2022 | 21,603 current US$ per person | +6.1% |
| 2023 | 23,509 current US$ per person | +8.8% |
| 2024 | 23,387 current US$ per person | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,528 current US$ per person | 5,169 current US$ per person | 5,888 current US$ per person | 2 |
| 2000s | 5,535 current US$ per person | 1,873 current US$ per person | 8,171 current US$ per person | 10 |
| 2010s | 12,885 current US$ per person | 7,147 current US$ per person | 19,256 current US$ per person | 10 |
| 2020s | 21,121 current US$ per person | 16,738 current US$ per person | 23,509 current US$ per person | 5 |
Countries ranked near Faroe Islands
- 9 San Marino 28,490 current US$ per person compare
- 10 Denmark 25,504 current US$ per person compare
- 11 Iceland 23,906 current US$ per person compare
- 13 Netherlands 22,870 current US$ per person compare
- 14 United Arab Emirates 21,391 current US$ per person compare
- 15 Malta 18,163 current US$ per person compare
More economy & growth data for Faroe Islands
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Services, value added (current US$), annual growth rate 7.14 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.5383 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 39,926 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 7.22 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 3.71 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 275,271 current LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 2 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 1.6 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8819 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic savings (current us$), per capita in Faroe Islands?
- Gross domestic savings (current us$), per capita in Faroe Islands was 23,387 current US$ per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic savings (current us$), per capita recorded in Faroe Islands?
- The highest recorded value was 23,509 current US$ per person in 2023.
- What is the lowest gross domestic savings (current us$), per capita recorded in Faroe Islands?
- The lowest recorded value was 1,873 current US$ per person in 2005.
- How does Faroe Islands rank for gross domestic savings (current us$), per capita?
- Faroe Islands ranks 12th out of 187 countries with data for 2024.
- Is gross domestic savings (current us$), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 73.2%. 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 US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross domestic savings (current US$) 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 US$) ÷ Population, total
Computed from
- Gross domestic savings Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross domestic savings (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.