Data / Gross capital formation, share of GDP / Faroe Islands

Gross capital formation, share of GDP in Faroe Islands

Gross capital formation, share of GDP in Faroe Islands was 28.2% of GDP in 2024, according to the World Bank. That is down 3.2 pts from 2023. That is the 36th highest of 168 countries in 2024.

2024, % of GDP28.2
Change on 2023-3.2 pts
Rank36th of 168Countries ranked
Series high32.32022
Series low16.32011

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Gross capital formation, share of GDP in Faroe Islands, 1998 to 2024

152025303519982002200620102014201820241998: 22.1 % of GDP1999: 23.7 % of GDP2000: 30.8 % of GDP2001: 26.1 % of GDP2002: 23.3 % of GDP2003: 31.4 % of GDP2004: 20.2 % of GDP2005: 22 % of GDP2006: 28.7 % of GDP2007: 32.1 % of GDP2008: 26.2 % of GDP2009: 17.5 % of GDP2010: 19.5 % of GDP2011: 16.3 % of GDP2012: 26.3 % of GDP2013: 21.6 % of GDP2014: 21.8 % of GDP2015: 24 % of GDP2016: 22.2 % of GDP2017: 23.5 % of GDP2018: 29.7 % of GDP2019: 27.6 % of GDP2020: 28.3 % of GDP2021: 28.9 % of GDP2022: 32.3 % of GDP2023: 31.4 % of GDP2024: 28.2 % of GDP152025303519982007201620241998: 22.1 % of GDP1999: 23.7 % of GDP2000: 30.8 % of GDP2001: 26.1 % of GDP2002: 23.3 % of GDP2003: 31.4 % of GDP2004: 20.2 % of GDP2005: 22 % of GDP2006: 28.7 % of GDP2007: 32.1 % of GDP2008: 26.2 % of GDP2009: 17.5 % of GDP2010: 19.5 % of GDP2011: 16.3 % of GDP2012: 26.3 % of GDP2013: 21.6 % of GDP2014: 21.8 % of GDP2015: 24 % of GDP2016: 22.2 % of GDP2017: 23.5 % of GDP2018: 29.7 % of GDP2019: 27.6 % of GDP2020: 28.3 % of GDP2021: 28.9 % of GDP2022: 32.3 % of GDP2023: 31.4 % of GDP2024: 28.2 % of GDP
% of GDP. Source: World Bank, Gross capital formation (% of GDP) (NE.GDI.TOTL.ZS). Retrieved 2026-10-18, published 2026-10-08.
All 27 values
Period% of GDP
202428.2
202331.4
202232.3
202128.9
202028.3
201927.6
201829.7
201723.5
201622.2
201524
201421.8
201321.6
201226.3
201116.3
201019.5
200917.5
200826.2
200732.1
200628.7
200522
200420.2
200331.4
200223.3
200126.1
200030.8
199923.7
199822.1

Faroe Islands compared with nearby places

Afghanistan: 17.1 % of GDPAlbania: 25 % of GDPArmenia: 23.8 % of GDPAngola: 10.6 % of GDPArgentina: 15.8 % of GDPAustria: 23.6 % of GDPAustralia: 24.3 % of GDPAzerbaijan: 20.7 % of GDPBosnia and Herzegovina: 27.4 % of GDPBangladesh: 30.7 % of GDPBelgium: 24.6 % of GDPBurkina Faso: 21.8 % of GDPBulgaria: 20.4 % of GDPBenin: 35.1 % of GDPBrunei: 27.9 % of GDPBolivia: 17.9 % of GDPBrazil: 17 % of GDPBahamas: 26.8 % of GDPBhutan: 42.6 % of GDPBotswana: 36.2 % of GDPBelarus: 25.8 % of GDPBelize: 19.8 % of GDPCanada: 23.2 % of GDPDemocratic Republic of the Congo: 31.4 % of GDPCentral African Republic: 23.6 % of GDPRepublic of the Congo: 26.8 % of GDPSwitzerland: 26.7 % of GDPCôte d’Ivoire: 20.9 % of GDPChile: 23.1 % of GDPCameroon: 18.9 % of GDPChina: 40.5 % of GDPColombia: 16.5 % of GDPCosta Rica: 16.2 % of GDPCuba: 24.2 % of GDPCape Verde: 16.3 % of GDPCyprus: 20.7 % of GDPCzechia: 26.3 % of GDPGermany: 21.5 % of GDPDjibouti: 0.3 % of GDPDenmark: 23.2 % of GDPDominican Republic: 27 % of GDPAlgeria: 41.1 % of GDPEcuador: 19.5 % of GDPEstonia: 24.6 % of GDPEgypt: 13 % of GDPSpain: 21.2 % of GDPEthiopia: 20.6 % of GDPFinland: 22.3 % of GDPFiji: 20.9 % of GDPFaroe Islands: 28.2 % of GDPFrance: 21.5 % of GDPGabon: 19.1 % of GDPUnited Kingdom: 19.2 % of GDPGeorgia: 24.5 % of GDPGhana: 9.9 % of GDPGambia: 29.9 % of GDPGuinea: 32.1 % of GDPEquatorial Guinea: 5.1 % of GDPGreece: 18.3 % of GDPGuatemala: 16.4 % of GDPGuinea-Bissau: 26.3 % of GDPHong Kong: 16.1 % of GDPHonduras: 23.2 % of GDPCroatia: 24.3 % of GDPHaiti: 12.1 % of GDPHungary: 23.7 % of GDPIndonesia: 31.4 % of GDPIreland: 18.2 % of GDPIsrael: 23.8 % of GDPIndia: 34.3 % of GDPIraq: 19.1 % of GDPIran: 44.3 % of GDPIceland: 26.2 % of GDPItaly: 22.3 % of GDPJapan: 27.7 % of GDPKenya: 16.5 % of GDPKyrgyzstan: 21.5 % of GDPCambodia: 32.2 % of GDPKiribati: 29.9 % of GDPSouth Korea: 30 % of GDPKuwait: 15.1 % of GDPKazakhstan: 27.2 % of GDPLebanon: 1.4 % of GDPSri Lanka: 26.3 % of GDPLesotho: 29.7 % of GDPLithuania: 20.7 % of GDPLuxembourg: 15.8 % of GDPLatvia: 21.5 % of GDPLibya: 14.3 % of GDPMorocco: 30.1 % of GDPMoldova: 22.3 % of GDPMontenegro: 25.9 % of GDPMadagascar: 23.6 % of GDPNorth Macedonia: 30.6 % of GDPMali: 19.6 % of GDPMongolia: 35.5 % of GDPMauritania: 43.1 % of GDPMauritius: 21.1 % of GDPMalawi: 13.7 % of GDPMexico: 23.9 % of GDPMalaysia: 22 % of GDPMozambique: 17.7 % of GDPNamibia: 26 % of GDPNew Caledonia: 22.1 % of GDPNiger: 23.5 % of GDPNicaragua: 24.7 % of GDPNetherlands: 19.7 % of GDPNorway: 23.7 % of GDPNepal: 28.6 % of GDPNew Zealand: 23.1 % of GDPOman: 24.8 % of GDPPanama: 33.5 % of GDPPeru: 19.7 % of GDPFrench Polynesia: 21.9 % of GDPPhilippines: 23.7 % of GDPPakistan: 13.2 % of GDPPoland: 17.8 % of GDPPuerto Rico: 14.2 % of GDPPalestine: 23.6 % of GDPPortugal: 20.3 % of GDPPalau: 35 % of GDPParaguay: 23.1 % of GDPRomania: 25 % of GDPSerbia: 25 % of GDPRussia: 26.5 % of GDPRwanda: 34.7 % of GDPSaudi Arabia: 31.7 % of GDPSolomon Islands: 19.5 % of GDPSudan: 2.9 % of GDPSweden: 25.1 % of GDPSingapore: 21.8 % of GDPSlovenia: 21.5 % of GDPSlovakia: 20.1 % of GDPSierra Leone: 20.5 % of GDPSenegal: 34.7 % of GDPSomalia: 26.7 % of GDPEl Salvador: 20.1 % of GDPEswatini: 15 % of GDPChad: 19.6 % of GDPThailand: 21.5 % of GDPTajikistan: 32.4 % of GDPTimor-Leste: 30.1 % of GDPTunisia: 7.9 % of GDPTürkiye: 30.7 % of GDPTanzania: 39.6 % of GDPUkraine: 19.2 % of GDPUganda: 22.4 % of GDPUnited States: 21.5 % of GDPUruguay: 15.9 % of GDPUzbekistan: 39 % of GDPVenezuela: 4.9 % of GDPVietnam: 30.6 % of GDPVanuatu: 26.1 % of GDPSamoa: 29 % of GDPSouth Africa: 14.1 % of GDPZambia: 23.8 % of GDPZimbabwe: 8.8 % of GDP
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Gross capital formation, share of GDP, 2024, % of GDP. Faroe Islands is outlined. Same source and period for every area shown. Source: World Bank. Boundaries: Natural Earth (public domain).

Rankings

Definition

Acquisitions less disposals of produced assets for fixed capital formation, inventories or valuables, as a percentage of GDP. World Bank national accounts data, compiled from national statistical offices and central banks and from OECD national accounts files.

Includes the change in inventories, so it can be negative in a year when stocks are run down. For investment in fixed assets alone see gross_fixed_capital_formation_gdp. Current prices, so the share moves with relative prices as well as volumes. Countries that rebase their national accounts can shift it by several points. The latest year varies by country.

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How to cite

World Bank, World Development Indicators. Gross capital formation (% of GDP) (NE.GDI.TOTL.ZS). https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS. Retrieved 2026-10-18. Licensed under CC BY 4.0.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

World Bank. (2026). Gross capital formation (% of GDP) (NE.GDI.TOTL.ZS) (Gross capital formation, share of GDP, Faroe Islands, 1998 to 2024) [Data set]. Retrieved October 18, 2026, from https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS

MLA 9

Gross capital formation (% of GDP) (NE.GDI.TOTL.ZS), Gross capital formation, share of GDP, Faroe Islands, 1998 to 2024. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS. Invokely, https://invokely.ai/en/gross-capital-formation-gdp/faroe-islands. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Gross capital formation (% of GDP) (NE.GDI.TOTL.ZS). Gross capital formation, share of GDP, Faroe Islands, 1998 to 2024. Dataset. Accessed October 18, 2026. https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS. Also distributed by Invokely, https://invokely.ai/en/gross-capital-formation-gdp/faroe-islands.

Harvard

World Bank (2026) Gross capital formation (% of GDP) (NE.GDI.TOTL.ZS), Gross capital formation, share of GDP, Faroe Islands, 1998 to 2024 [Dataset]. Available at: https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS, via Invokely: https://invokely.ai/en/gross-capital-formation-gdp/faroe-islands (Accessed: 18 October 2026).

BibTeX
@misc{world_gross_capital_formation_share_2024,
  author = {{World Bank}},
  title = {{Gross capital formation (\% of GDP) (NE.GDI.TOTL.ZS): Gross capital formation, share of GDP, Faroe Islands, 1998 to 2024}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS},
  urldate = {2026-10-18},
  note = {Accessed via Invokely, https://invokely.ai/en/gross-capital-formation-gdp/faroe-islands. Publisher attribution: World Bank, World Development Indicators. Gross capital formation (\% of GDP) (NE.GDI.TOTL.ZS). https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS. Retrieved 2026-10-18. Licensed under CC BY 4.0.},
}
RIS
TY  - DATA
AU  - World Bank
TI  - Gross capital formation (% of GDP) (NE.GDI.TOTL.ZS): Gross capital formation, share of GDP, Faroe Islands, 1998 to 2024
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS
L2  - https://invokely.ai/en/gross-capital-formation-gdp/faroe-islands
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/en/gross-capital-formation-gdp/faroe-islands.
N1  - Publisher attribution: World Bank, World Development Indicators. Gross capital formation (% of GDP) (NE.GDI.TOTL.ZS). https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS. Retrieved 2026-10-18. Licensed under CC BY 4.0.
ER  -
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Questions

What is the gross capital formation, share of GDP in Faroe Islands?

Gross capital formation, share of GDP in Faroe Islands was 28.2% of GDP in 2024, according to the World Bank. That is down 3.2 pts from 2023. That is the 36th highest of 168 countries in 2024.

Where does this figure come from?

World Bank. Gross capital formation (% of GDP) (NE.GDI.TOTL.ZS). Retrieved by Invokely on 2026-10-18.

What was the highest gross capital formation, share of GDP in Faroe Islands?

32.3% of GDP in 2022, the highest value since 1998 in this series.

Gross capital formation, share of GDP in other countries

Related statistics for Faroe Islands

All statistics for Faroe Islands | Faroe Islands in figures