Faroe Islands - Adjusted savings: gross savings (% of GNI)
Adjusted savings: gross savings (% of GNI) in Faroe Islands was 24.78 as of 2011. Its highest value over the past 13 years was 39.99 in 1998, while its lowest value was 14.77 in 2009.
Definition: Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.
Source: World Bank national accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | 39.99 |
| 1999 | 36.83 |
| 2000 | 38.06 |
| 2001 | 37.93 |
| 2002 | 32.25 |
| 2003 | 26.93 |
| 2004 | 25.85 |
| 2005 | 20.45 |
| 2006 | 25.99 |
| 2007 | 26.93 |
| 2008 | 19.54 |
| 2009 | 14.77 |
| 2010 | 22.74 |
| 2011 | 24.78 |
Limitations and Exceptions: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.
Statistical Concept and Methodology: Gross savings are calculated as a residual from the national accounts by taking the difference between income earned by residents (including income received from abroad and workers' remittances) and their consumption expenditures.
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
