Gross capital formation (% of GDP) in the Faroe Islands in 2024 — 28.2%. Ranked 37 in the world out of 169. Since 1998, the indicator has risen by 6.1 pp.
1998–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | % | Change, pp |
|---|---|---|
| 2024 | 28.2 | −3.2 pp |
| 2023 | 31.4 | −0.9 pp |
| 2022 | 32.3 | +3.5 pp |
| 2021 | 28.9 | +0.6 pp |
| 2020 | 28.3 | +0.6 pp |
| 2019 | 27.6 | −2.1 pp |
| 2018 | 29.7 | +6.3 pp |
| 2017 | 23.5 | +1.3 pp |
| 2016 | 22.2 | −1.8 pp |
| 2015 | 24 | +2.2 pp |
| 2014 | 21.8 | +0.2 pp |
| 2013 | 21.6 | −4.7 pp |
| 2012 | 26.3 | +10 pp |
| 2011 | 16.3 | −3.3 pp |
| 2010 | 19.5 | +2 pp |
| 2009 | 17.5 | −8.6 pp |
| 2008 | 26.2 | −6 pp |
| 2007 | 32.1 | +3.5 pp |
| 2006 | 28.7 | +6.7 pp |
| 2005 | 22 | +1.8 pp |
| 2004 | 20.2 | −11.2 pp |
| 2003 | 31.4 | +8.1 pp |
| 2002 | 23.3 | −2.8 pp |
| 2001 | 26.1 | −4.7 pp |
| 2000 | 30.8 | +7.2 pp |
| 1999 | 23.7 | +1.5 pp |
| 1998 | 22.1 | — |
The same indicator for neighboring countries — with links to their pages
Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much a country puts in each year into buildings, equipment, infrastructure and inventories.
Economy Gross national savingsWhat part of its income a country saves rather than consumes.
Economy GDP growthThe annual growth rate of GDP in constant prices — with inflation stripped out.
