Gross savings (current LCU), per capita in Faroe Islands
Faroe Islands: Gross savings (current LCU), per capita was 79,750 current LCU per person in 2011. ▼ Falling
Gross savings (current LCU), per capita in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
Faroe Islands recorded 79,750 current LCU per person for gross savings (current lcu), per capita in 2011.
The figure is up 26.7% on the previous year and down 1.9% over ten years.
Over the whole period, gross savings (current lcu), per capita in Faroe Islands peaked at 81,330 current LCU per person in 2001 and was at its lowest, 30,162 current LCU per person, in 2009.
Faroe Islands ranks 63rd of 178 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Gross savings (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 69,483 current LCU per person | — |
| 1999 | 67,880 current LCU per person | -2.3% |
| 2000 | 76,268 current LCU per person | +12.4% |
| 2001 | 81,330 current LCU per person | +6.6% |
| 2002 | 72,183 current LCU per person | -11.2% |
| 2003 | 58,735 current LCU per person | -18.6% |
| 2004 | 54,437 current LCU per person | -7.3% |
| 2005 | 35,164 current LCU per person | -35.4% |
| 2006 | 62,618 current LCU per person | +78.1% |
| 2007 | 74,904 current LCU per person | +19.6% |
| 2008 | 55,546 current LCU per person | -25.8% |
| 2009 | 30,162 current LCU per person | -45.7% |
| 2010 | 62,920 current LCU per person | +108.6% |
| 2011 | 79,750 current LCU per person | +26.7% |
Faroe Islands compared with similar countries
- Faroe Islands's 79,750 current LCU per person is above the median for high income countries, which is 17,968 current LCU per person, 4.4× the median. (63 countries reporting)
- Faroe Islands's 79,750 current LCU per person is above the median for Europe & Central Asia, which is 14,245 current LCU per person, 5.6× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 68,681 current LCU per person | 67,880 current LCU per person | 69,483 current LCU per person | 2 |
| 2000s | 60,135 current LCU per person | 30,162 current LCU per person | 81,330 current LCU per person | 10 |
| 2010s | 71,335 current LCU per person | 62,920 current LCU per person | 79,750 current LCU per person | 2 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 2.8 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 207,672 current LCU per person (2024)
Frequently asked questions
- What is gross savings (current lcu), per capita in Faroe Islands?
- Gross savings (current lcu), per capita in Faroe Islands was 79,750 current LCU per person in 2011, according to Statizoid (derived).
- What is the highest gross savings (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 81,330 current LCU per person in 2001.
- What is the lowest gross savings (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 30,162 current LCU per person in 2009.
- How does Faroe Islands rank for gross savings (current lcu), per capita?
- Faroe Islands ranks 63rd out of 178 countries with data for 2011.
- Is gross savings (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross savings (current LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross 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 savings (current LCU) ÷ Population, total
Computed from
- Gross savings Country official statistics, National Statistical Offices (NSOs)
- 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 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.