Faroe Islands: Adjusted savings, energy depletion (% of GNI)

Key figures

What the numbers say

From 2012 to 2021 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Faroe Islands had the 127th highest value of the 182 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Faroe Islands in the 2021 ranking

• Djibouti — 139th of 182: 0%
• Dominica — 140th of 182: 0%
• Dominican Republic — 141st of 182: 0%
• Fiji — 143rd of 182: 0%
• Gambia, The — 144th of 182: 0%
• Grenada — 145th of 182: 0%

What this measures

Energy depletion is the ratio of the value of the stock of energy resources to the remaining reserve lifetime (capped at 25 years). It covers coal, crude oil, and natural gas. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 32 values

Adjusted savings, energy depletion (% of GNI) in nearby economies

• Albania — 0.6% (2021)
• Armenia — 0.00000000821% (2021)
• Austria — 0.05% (2021)
• Azerbaijan — 15.91% (2021)
• Belarus — 0.67% (2021)
• Belgium — 0.02% (2021)
• Bosnia and Herzegovina — 0.04% (2021)
• Bulgaria — 0.06% (2021)
• Croatia — 0.31% (2021)
• Cyprus — 0% (2021)

More economic policy & debt data for Faroe Islands

• Exports of goods and services (current LCU) — 15.24 billion (2024)
• Exports of goods and services (% of GDP) — 54.56% (2024)
• Imports of goods and services (current LCU) — 14.31 billion (2024)
• Imports of goods and services (% of GDP) — 51.2% (2024)
• External balance on goods and services (current LCU) — 938.8 million (2024)
• External balance on goods and services (% of GDP) — 3.36% (2024)
• Trade (% of GDP) — 105.75% (2024)
• GDP (current LCU) — 27.94 billion (2024)
• GDP per capita (current LCU) — 511,400 (2024)
• Exports of goods and services (current US$)

Reading data like this

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Questions people ask

What is Faroe Islands's adjusted savings, energy depletion (% of GNI)?

0% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is unchanged since 1980. The highest value was 0% in 1980 and the lowest 0% in 1980.

How does Faroe Islands rank?

127th highest of 182 economies with data for 2021.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB).

Source

World Bank, World Development Indicators, indicator NY.ADJ.DNGY.GN.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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