Faroe Islands - Gross domestic savings

Gross domestic savings (current US$)

The latest value for Gross domestic savings (current US$) in Faroe Islands was $992,713,000 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $992,713,000 in 2019 and $172,806,000 in 2005.

Definition: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1998 $256,476,800
1999 $222,413,300
2000 $231,631,400
2001 $273,657,900
2002 $277,946,000
2003 $239,567,700
2004 $259,167,800
2005 $172,806,000
2006 $324,561,100
2007 $364,770,300
2008 $313,273,600
2009 $236,471,500
2010 $358,226,200
2011 $312,589,600
2012 $369,236,100
2013 $491,462,300
2014 $638,984,400
2015 $561,824,600
2016 $802,323,300
2017 $850,550,500
2018 $930,605,200
2019 $992,713,000

Gross domestic savings (current LCU)

The value for Gross domestic savings (current LCU) in Faroe Islands was 6,620,800,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 6,620,800,000 in 2019 and a minimum value of 1,036,300,000 in 2005.

Definition: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1998 1,718,600,000
1999 1,551,600,000
2000 1,872,300,000
2001 2,277,600,000
2002 2,194,300,000
2003 1,578,200,000
2004 1,552,700,000
2005 1,036,300,000
2006 1,930,100,000
2007 1,985,700,000
2008 1,597,100,000
2009 1,267,700,000
2010 2,014,700,000
2011 1,678,200,000
2012 2,138,800,000
2013 2,760,200,000
2014 3,586,300,000
2015 3,779,900,000
2016 5,401,000,000
2017 5,616,100,000
2018 5,876,400,000
2019 6,620,800,000

Gross domestic savings (% of GDP)

Gross domestic savings (% of GDP) in Faroe Islands was 31.75 as of 2019. Its highest value over the past 21 years was 31.75 in 2019, while its lowest value was 10.00 in 2005.

Definition: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1998 23.15
1999 19.85
2000 21.88
2001 23.84
2002 22.01
2003 16.04
2004 15.35
2005 10.00
2006 16.36
2007 15.93
2008 12.88
2009 10.42
2010 15.44
2011 12.55
2012 15.60
2013 18.71
2014 22.41
2015 22.31
2016 29.29
2017 29.34
2018 30.50
2019 31.75

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts