Gross savings (current US$), annual growth rate in Faroe Islands
Faroe Islands: Gross savings (current US$), annual growth rate was 32.47 % change on previous year in 2011. ◆ Volatile
Gross savings (current US$), annual growth rate in Faroe Islands, 1999–2011
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross savings (current us$), annual growth rate in Faroe Islands is 32.47 % change on previous year, measured in 2011.
Compared with earlier readings it is down 67.0% on the previous year and up 483.8% over ten years.
Over the whole period, gross savings (current us$), annual growth rate in Faroe Islands peaked at 98.3 % change on previous year in 2010 and was at its lowest, -48.1 % change on previous year, in 2009.
That places Faroe Islands 17th out of 177 countries with data for 2011, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current US$), annual growth rate in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | -5.17 % change on previous year | — |
| 2000 | -1.72 % change on previous year | -66.7% |
| 2001 | 5.56 % change on previous year | -422.9% |
| 2002 | -5.03 % change on previous year | -190.5% |
| 2003 | -1.05 % change on previous year | -79.1% |
| 2004 | 2.66 % change on previous year | -353.3% |
| 2005 | -35.5 % change on previous year | -1436.1% |
| 2006 | 79.49 % change on previous year | -323.9% |
| 2007 | 30.79 % change on previous year | -61.3% |
| 2008 | -20.54 % change on previous year | -166.7% |
| 2009 | -48.1 % change on previous year | +134.2% |
| 2010 | 98.3 % change on previous year | -304.4% |
| 2011 | 32.47 % change on previous year | -67.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 32.47 % change on previous year is above the median for high income countries, which is 6.87 % change on previous year, 4.7× the median. (63 countries reporting)
- Faroe Islands's 32.47 % change on previous year is above the median for Europe & Central Asia, which is 9.42 % change on previous year, 3.4× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -5.17 % change on previous year | -5.17 % change on previous year | -5.17 % change on previous year | 1 |
| 2000s | 0.6552 % change on previous year | -48.1 % change on previous year | 79.49 % change on previous year | 10 |
| 2010s | 65.38 % change on previous year | 32.47 % change on previous year | 98.3 % change on previous year | 2 |
Countries ranked near Faroe Islands
- 14 Yemen 34.66 % change on previous year compare
- 15 Burkina Faso 33.19 % change on previous year compare
- 16 Uganda 32.93 % change on previous year compare
- 18 Palestine 30.59 % change on previous year compare
- 19 Curacao 30.33 % change on previous year
- 20 Vanuatu 29.65 % change on previous year compare
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 us$), annual growth rate in Faroe Islands?
- Gross savings (current us$), annual growth rate in Faroe Islands was 32.47 % change on previous year in 2011, according to Statizoid (derived).
- What is the highest gross savings (current us$), annual growth rate recorded in Faroe Islands?
- The highest recorded value was 98.3 % change on previous year in 2010.
- What is the lowest gross savings (current us$), annual growth rate recorded in Faroe Islands?
- The lowest recorded value was -48.1 % change on previous year in 2009.
- How does Faroe Islands rank for gross savings (current us$), annual growth rate?
- Faroe Islands ranks 17th out of 177 countries with data for 2011.
- Is gross savings (current us$), annual growth rate rising or falling in Faroe Islands?
- Over the last ten years it is up 483.8%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross savings (current US$). 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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.