Gross savings (current LCU), per unit of GDP in Faroe Islands
Faroe Islands: Gross savings (current LCU), per unit of GDP was 1.54 current LCU per US$ of GDP in 2011. ▼ Falling
Gross savings (current LCU), per unit of GDP in Faroe Islands, 1998–2011
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for gross savings (current lcu), per unit of gdp in Faroe Islands is 1.54 current LCU per US$ of GDP, measured in 2011.
That represents a change of up 17.7% on the previous year and down 52.7% over ten years.
Over the whole period, gross savings (current lcu), per unit of gdp in Faroe Islands peaked at 3.27 current LCU per US$ of GDP in 2000 and was at its lowest, 0.6409 current LCU per US$ of GDP, in 2009.
Faroe Islands ranks 99th 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 unit of GDP in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1998 | 2.81 current LCU per US$ of GDP | — |
| 1999 | 2.72 current LCU per US$ of GDP | -3.3% |
| 2000 | 3.27 current LCU per US$ of GDP | +20.3% |
| 2001 | 3.27 current LCU per US$ of GDP | -0.0% |
| 2002 | 2.68 current LCU per US$ of GDP | -18.0% |
| 2003 | 1.88 current LCU per US$ of GDP | -29.9% |
| 2004 | 1.53 current LCU per US$ of GDP | -18.7% |
| 2005 | 0.9663 current LCU per US$ of GDP | -36.7% |
| 2006 | 1.5 current LCU per US$ of GDP | +55.2% |
| 2007 | 1.55 current LCU per US$ of GDP | +3.3% |
| 2008 | 1.08 current LCU per US$ of GDP | -30.1% |
| 2009 | 0.6409 current LCU per US$ of GDP | -40.8% |
| 2010 | 1.31 current LCU per US$ of GDP | +104.8% |
| 2011 | 1.54 current LCU per US$ of GDP | +17.7% |
Faroe Islands compared with similar countries
- Faroe Islands's 1.54 current LCU per US$ of GDP is above the median for high income countries, which is 0.313 current LCU per US$ of GDP, 4.9× the median. (63 countries reporting)
- Faroe Islands's 1.54 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.3544 current LCU per US$ of GDP, 4.4× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.76 current LCU per US$ of GDP | 2.72 current LCU per US$ of GDP | 2.81 current LCU per US$ of GDP | 2 |
| 2000s | 1.84 current LCU per US$ of GDP | 0.6409 current LCU per US$ of GDP | 3.27 current LCU per US$ of GDP | 10 |
| 2010s | 1.43 current LCU per US$ of GDP | 1.31 current LCU per US$ of GDP | 1.54 current LCU per US$ of GDP | 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 unit of gdp in Faroe Islands?
- Gross savings (current lcu), per unit of gdp in Faroe Islands was 1.54 current LCU per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest gross savings (current lcu), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 3.27 current LCU per US$ of GDP in 2000.
- What is the lowest gross savings (current lcu), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.6409 current LCU per US$ of GDP in 2009.
- How does Faroe Islands rank for gross savings (current lcu), per unit of gdp?
- Faroe Islands ranks 99th out of 178 countries with data for 2011.
- Is gross savings (current lcu), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 52.7%. 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 unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross savings (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross savings (current LCU) ÷ GDP (current US$)
Computed from
- Gross savings Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.