Faroe Islands - Gross capital formation
Gross capital formation (current US$)
The latest value for Gross capital formation (current US$) in Faroe Islands was $800,761,700 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $877,442,800 in 2018 and $229,972,500 in 1998.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | $229,972,500 |
| 1999 | $256,873,400 |
| 2000 | $315,200,900 |
| 2001 | $288,292,400 |
| 2002 | $290,777,300 |
| 2003 | $441,595,700 |
| 2004 | $323,763,600 |
| 2005 | $345,695,300 |
| 2006 | $525,005,100 |
| 2007 | $741,921,900 |
| 2008 | $525,078,000 |
| 2009 | $380,327,900 |
| 2010 | $427,712,900 |
| 2011 | $394,657,900 |
| 2012 | $612,222,700 |
| 2013 | $582,233,900 |
| 2014 | $639,429,800 |
| 2015 | $541,194,100 |
| 2016 | $581,918,400 |
| 2017 | $632,479,700 |
| 2018 | $877,442,800 |
| 2019 | $800,761,700 |
Gross capital formation (current LCU)
The value for Gross capital formation (current LCU) in Faroe Islands was 5,340,600,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 5,540,700,000 in 2018 and a minimum value of 1,541,000,000 in 1998.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1998 | 1,541,000,000 |
| 1999 | 1,792,000,000 |
| 2000 | 2,547,800,000 |
| 2001 | 2,399,400,000 |
| 2002 | 2,295,600,000 |
| 2003 | 2,909,100,000 |
| 2004 | 1,939,700,000 |
| 2005 | 2,073,100,000 |
| 2006 | 3,122,100,000 |
| 2007 | 4,038,800,000 |
| 2008 | 2,676,900,000 |
| 2009 | 2,038,900,000 |
| 2010 | 2,405,500,000 |
| 2011 | 2,118,800,000 |
| 2012 | 3,546,300,000 |
| 2013 | 3,270,000,000 |
| 2014 | 3,588,800,000 |
| 2015 | 3,641,100,000 |
| 2016 | 3,917,300,000 |
| 2017 | 4,176,200,000 |
| 2018 | 5,540,700,000 |
| 2019 | 5,340,600,000 |
Gross capital formation (constant 2010 US$)
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2015 | 541,194,100 |
Gross capital formation (% of GDP)
Gross capital formation (% of GDP) in Faroe Islands was 25.61 as of 2019. Its highest value over the past 21 years was 32.40 in 2007, while its lowest value was 15.84 in 2011.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | 20.76 |
| 1999 | 22.93 |
| 2000 | 29.77 |
| 2001 | 25.12 |
| 2002 | 23.03 |
| 2003 | 29.56 |
| 2004 | 19.18 |
| 2005 | 20.01 |
| 2006 | 26.46 |
| 2007 | 32.40 |
| 2008 | 21.59 |
| 2009 | 16.77 |
| 2010 | 18.43 |
| 2011 | 15.84 |
| 2012 | 25.87 |
| 2013 | 22.16 |
| 2014 | 22.43 |
| 2015 | 21.49 |
| 2016 | 21.25 |
| 2017 | 21.82 |
| 2018 | 28.76 |
| 2019 | 25.61 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
