Gross capital formation in US dollars in the Faroe Islands in 2024 — 1,141,710,235 US$. Ranked 145 in the world out of 168. Since 1998, the indicator has risen by 367.2%.
1998–2024 · US$
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 1.14B | −95.6M | −7.73% |
| 2023 | 1.24B | +68.74M | +5.88% |
| 2022 | 1.17B | +101M | +9.42% |
| 2021 | 1.07B | +143M | +15.51% |
| 2020 | 925M | +22.58M | +2.5% |
| 2019 | 902M | −45.39M | −4.79% |
| 2018 | 947M | +248M | +35.51% |
| 2017 | 699M | +75.59M | +12.12% |
| 2016 | 624M | +6.62M | +1.07% |
| 2015 | 617M | −17.13M | −2.7% |
| 2014 | 634M | +53.08M | +9.14% |
| 2013 | 581M | −56.38M | −8.85% |
| 2012 | 637M | +230M | +56.45% |
| 2011 | 407M | −47.81M | −10.5% |
| 2010 | 455M | +52.49M | +13.03% |
| 2009 | 403M | −249M | −38.19% |
| 2008 | 652M | −100M | −13.35% |
| 2007 | 752M | +173M | +29.97% |
| 2006 | 579M | +191M | +49.32% |
| 2005 | 387M | +38.43M | +11.01% |
| 2004 | 349M | −123M | −26.02% |
| 2003 | 472M | +175M | +58.83% |
| 2002 | 297M | −6.06M | −2% |
| 2001 | 303M | −25.79M | −7.84% |
| 2000 | 329M | +62.02M | +23.24% |
| 1999 | 267M | +22.48M | +9.2% |
| 1998 | 244M | — | — |
The same indicator for neighboring countries — with links to their pages
Gross fixed capital formation and changes in inventories in current US dollars — what is commonly called investment in the economy. It covers the construction of buildings and structures, purchases of machinery and equipment, roads and networks, as well as the build-up of inventories. The word gross means that the wear of existing capital is not deducted: part of these outlays merely replaces what is retiring rather than adding to the stock.
Important: This concerns outlays on physical capital inside the country, not financial investment and not inflows of foreign capital.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Investment in fixed assets and inventories as a percent of GDP — the base of future growth.
Economy Gross national savingsWhat part of its income a country saves rather than consumes.
Economy Household consumptionHow much money the residents of a country spend in a year on goods and services for themselves.
Economy GDPGross domestic product in current US dollars — the size of a country's economy.
Economy GDP per capitaGDP divided by the population, in current US dollars.
Economy GDP growthThe annual growth rate of GDP in constant prices — with inflation stripped out.
