Faroe Islands | Adjusted savings: gross savings (% of GNI)

Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. Development relevance: Gross savings is used as a starting point for calculating adjusted net savings. Adjusted net saving is an indicator of the sustainability of an economy. 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.
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source
Faroe Islands | Adjusted savings: gross savings (% of GNI)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998 40.67064238
1999 37.52924442
2000 38.9604071
2001 38.26675229
2002 32.90893256
2003 27.50642196
2004 24.55243693
2005 15.57502193
2006 24.4101766
2007 27.64610877
2008 21.11265902
2009 12.23213503
2010 23.0456013
2011 27.30264181
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022

Faroe Islands | Adjusted savings: gross savings (% of GNI)

Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. Development relevance: Gross savings is used as a starting point for calculating adjusted net savings. Adjusted net saving is an indicator of the sustainability of an economy. 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.
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source