Faroe Islands - Gross savings (% of GDP)
Gross savings (% of GDP) in Faroe Islands was 26.13 as of 2011. Its highest value over the past 13 years was 41.22 in 1998, while its lowest value was 14.43 in 2009.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | 41.22 |
| 1999 | 38.24 |
| 2000 | 39.53 |
| 2001 | 38.94 |
| 2002 | 33.27 |
| 2003 | 27.92 |
| 2004 | 26.86 |
| 2005 | 21.17 |
| 2006 | 26.88 |
| 2007 | 27.73 |
| 2008 | 19.66 |
| 2009 | 14.43 |
| 2010 | 23.04 |
| 2011 | 26.13 |
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.
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
