Faroe Islands: Savings, in dollars
* indicates monthly or quarterly data series
| Faroe Islands |
Savings, billion USD |
|---|---|
| Latest value | 0.72 |
| Year | 2011 |
| Measure | billion U.S. dollars |
| Data availability | 1998 - 2011 |
| Average | 0.47 |
| Min - Max | 0.27 - 0.72 |
| Source | The World Bank |
The latest value from 2011 is 0.72 billion U.S. dollars, an increase from 0.54 billion U.S. dollars in 2010. In comparison, the world average is 115.30 billion U.S. dollars, based on data from 158 countries. Historically, the average for the Faroe Islands from 1998 to 2011 is 0.47 billion U.S. dollars. The minimum value, 0.27 billion U.S. dollars, was reached in 2009 while the maximum of 0.72 billion U.S. dollars was recorded in 2011.
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Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 19.67 | 2023 | percent |
| Share of manufacturing | 7.61 | 2023 | percent |
| Share of services | 52.04 | 2023 | percent |
| Industry value added | 0.77 | 2023 | billion U.S. dollars |
| Manufacturing value added | 0.30 | 2023 | billion U.S. dollars |
| Services value added | 2.03 | 2023 | billion U.S. dollars |
| Savings, percent of GDP | 28.78 | 2011 | percent |
| Savings, in dollars | 0.72 | 2011 | billion U.S. dollars |