Gross domestic savings (current US$), per square kilometre in Faroe Islands
Faroe Islands: Gross domestic savings (current US$), per square kilometre was 933,467 current US$ per square kilometre in 2023. ◆ Volatile
Gross domestic savings (current US$), per square kilometre in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
The most recent figure for gross domestic savings (current us$), per square kilometre in Faroe Islands is 933,467 current US$ per square kilometre, measured in 2023. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 9.8% on the previous year and up 163.0% over ten years.
Over the whole period, gross domestic savings (current us$), per square kilometre in Faroe Islands peaked at 933,467 current US$ per square kilometre in 2023 and was at its lowest, 64,873 current US$ per square kilometre, in 2005.
That places Faroe Islands 32nd out of 184 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (current US$), per square kilometre in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1998 | 188,415 current US$ per square kilometre | — |
| 1999 | 167,166 current US$ per square kilometre | -11.3% |
| 2000 | 175,371 current US$ per square kilometre | +4.9% |
| 2001 | 202,321 current US$ per square kilometre | +15.4% |
| 2002 | 208,221 current US$ per square kilometre | +2.9% |
| 2003 | 179,603 current US$ per square kilometre | -13.7% |
| 2004 | 175,728 current US$ per square kilometre | -2.2% |
| 2005 | 64,873 current US$ per square kilometre | -63.1% |
| 2006 | 215,028 current US$ per square kilometre | +231.5% |
| 2007 | 283,154 current US$ per square kilometre | +31.7% |
| 2008 | 260,756 current US$ per square kilometre | -7.9% |
| 2009 | 131,511 current US$ per square kilometre | -49.6% |
| 2010 | 263,641 current US$ per square kilometre | +100.5% |
| 2011 | 274,273 current US$ per square kilometre | +4.0% |
| 2012 | 247,221 current US$ per square kilometre | -9.9% |
| 2013 | 354,945 current US$ per square kilometre | +43.6% |
| 2014 | 468,500 current US$ per square kilometre | +32.0% |
| 2015 | 457,062 current US$ per square kilometre | -2.4% |
| 2016 | 537,751 current US$ per square kilometre | +17.7% |
| 2017 | 618,022 current US$ per square kilometre | +14.9% |
| 2018 | 650,342 current US$ per square kilometre | +5.2% |
| 2019 | 714,362 current US$ per square kilometre | +9.8% |
| 2020 | 644,038 current US$ per square kilometre | -9.8% |
| 2021 | 792,270 current US$ per square kilometre | +23.0% |
| 2022 | 849,964 current US$ per square kilometre | +7.3% |
| 2023 | 933,467 current US$ per square kilometre | +9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 177,790 current US$ per square kilometre | 167,166 current US$ per square kilometre | 188,415 current US$ per square kilometre | 2 |
| 2000s | 189,657 current US$ per square kilometre | 64,873 current US$ per square kilometre | 283,154 current US$ per square kilometre | 10 |
| 2010s | 458,612 current US$ per square kilometre | 247,221 current US$ per square kilometre | 714,362 current US$ per square kilometre | 10 |
| 2020s | 804,935 current US$ per square kilometre | 644,038 current US$ per square kilometre | 933,467 current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 29 France 1.20 million current US$ per square kilometre compare
- 30 Mauritius 1.10 million current US$ per square kilometre compare
- 31 Slovenia 1.01 million current US$ per square kilometre compare
- 33 Cyprus 892,514 current US$ per square kilometre compare
- 34 Bangladesh 866,872 current US$ per square kilometre compare
- 35 Curaçao 843,390 current US$ per square kilometre compare
More economy & growth data for Faroe Islands
- Industry (including construction), value added (current LCU), per 93,585 current LCU per person (2024)
- Services, value added (current LCU), per unit of GDP 3.71 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), annual growth rate 7.22 % change on previous year (2024)
- Services, value added (current US$), per capita 39,926 current US$ per person (2024)
- Services, value added (current US$), per unit of GDP 0.5383 current US$ per US$ of GDP (2024)
- Services, value added (current US$), annual growth rate 7.14 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 13,574 current US$ 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 0.183 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
Frequently asked questions
- What is gross domestic savings (current us$), per square kilometre in Faroe Islands?
- Gross domestic savings (current us$), per square kilometre in Faroe Islands was 933,467 current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross domestic savings (current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 933,467 current US$ per square kilometre in 2023.
- What is the lowest gross domestic savings (current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 64,873 current US$ per square kilometre in 2005.
- How does Faroe Islands rank for gross domestic savings (current us$), per square kilometre?
- Faroe Islands ranks 32nd out of 184 countries with data for 2023.
- Is gross domestic savings (current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 163.0%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross domestic savings (current US$) 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 US$) ÷ Land area (sq. km)
Computed from
- Gross domestic savings Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross domestic savings (current US$) 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.