Faroe Islands - Gross savings (current US$)
The latest value for Gross savings (current US$) in Faroe Islands was $650,773,000 as of 2011. Over the past 13 years, the value for this indicator has fluctuated between $650,773,000 in 2011 and $327,393,500 in 2009.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | $456,701,400 |
| 1999 | $428,340,400 |
| 2000 | $418,523,400 |
| 2001 | $446,946,600 |
| 2002 | $420,062,800 |
| 2003 | $417,063,000 |
| 2004 | $453,483,100 |
| 2005 | $365,802,500 |
| 2006 | $533,335,600 |
| 2007 | $635,153,700 |
| 2008 | $478,196,400 |
| 2009 | $327,393,500 |
| 2010 | $534,529,400 |
| 2011 | $650,773,000 |
Statistical Concept and Methodology: Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
