Faroe Islands: Savings, percent of GDP

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Faroe Islands: Savings as percent of GDP

: For that indicator, we provide data for the Faroe Islands from 1998 to 2011. The average value for the Faroe Islands during that period was 28.93 percent with a minimum of 14.43 percent in 2009 and a maximum of 41.22 percent in 1998. The latest value from 2011 is 26.13 percent. For comparison, the world average in 2011 based on 158 countries is 21.99 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The savings in the Faroe Islands and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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