Gross savings (current LCU), annual growth rate in Faroe Islands
Faroe Islands: Gross savings (current LCU), annual growth rate was 26.45 % change on previous year in 2011. ◆ Volatile
Gross savings (current LCU), annual growth rate in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2011, gross savings (current lcu), annual growth rate in Faroe Islands stood at 26.45 % change on previous year.
Compared with earlier readings it is down 75.5% on the previous year and up 204.3% over ten years.
Over the whole period, gross savings (current lcu), annual growth rate in Faroe Islands peaked at 108.03 % change on previous year in 2010 and was at its lowest, -45.43 % change on previous year, in 2009.
Faroe Islands ranks 30th of 177 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current LCU), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | -1.28 % change on previous year | — |
| 2000 | 13.87 % change on previous year | -1187.9% |
| 2001 | 8.69 % change on previous year | -37.3% |
| 2002 | -9.92 % change on previous year | -214.1% |
| 2003 | -17.43 % change on previous year | +75.8% |
| 2004 | -6.64 % change on previous year | -61.9% |
| 2005 | -35.44 % change on previous year | +433.7% |
| 2006 | 77.99 % change on previous year | -320.1% |
| 2007 | 19.73 % change on previous year | -74.7% |
| 2008 | -25.58 % change on previous year | -229.7% |
| 2009 | -45.43 % change on previous year | +77.6% |
| 2010 | 108.03 % change on previous year | -337.8% |
| 2011 | 26.45 % change on previous year | -75.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 26.45 % change on previous year is above the median for high income countries, which is 5.17 % change on previous year, 5.1× the median. (63 countries reporting)
- Faroe Islands's 26.45 % change on previous year is above the median for Europe & Central Asia, which is 5.5 % change on previous year, 4.8× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Gross savings (current LCU), annual growth rate 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 |
|---|---|---|---|
| 2000 | +1187.9% | -1.28 % change on previous year | 13.87 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.28 % change on previous year | -1.28 % change on previous year | -1.28 % change on previous year | 1 |
| 2000s | -2.02 % change on previous year | -45.43 % change on previous year | 77.99 % change on previous year | 10 |
| 2010s | 67.24 % change on previous year | 26.45 % change on previous year | 108.03 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 27 Tajikistan 28.64 % change on previous year compare
- 28 Hong Kong 27.05 % change on previous year compare
- 29 Madagascar 26.64 % change on previous year compare
- 31 Greece 24.42 % change on previous year compare
- 32 Kazakhstan 23.31 % change on previous year compare
- 33 Paraguay 22.66 % change on previous year compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ 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)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross savings (current lcu), annual growth rate in Faroe Islands?
- Gross savings (current lcu), annual growth rate in Faroe Islands was 26.45 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest gross savings (current lcu), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 108.03 % change on previous year in 2010.
- What is the lowest gross savings (current lcu), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -45.43 % change on previous year in 2009.
- How does Faroe Islands rank for gross savings (current lcu), annual growth rate?
- Faroe Islands ranks 30th out of 177 countries with data for 2011.
- Is gross savings (current lcu), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is up 204.3%. 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 savings (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross savings Country official statistics, National Statistical Offices (NSOs)
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 savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.