Faroe Islands: Adjusted savings, mineral depletion (current US$)

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 94th highest value of the 216 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

• Equatorial Guinea — 131st of 216: US$0
• Estonia — 132nd of 216: US$0
• Eswatini — 133rd of 216: US$0
• France — 135th of 216: US$0
• French Polynesia — 136th of 216: US$0
• Gambia, The — 137th of 216: US$0

What this measures

Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 52 values

Adjusted savings, mineral depletion (current US$) in nearby economies

• Albania — US$11.41 million (2021)
• Andorra — US$0 (2021)
• Armenia — US$448.08 million (2021)
• Austria — US$0 (2021)
• Azerbaijan — US$138.93 million (2021)
• Belarus — US$0 (2021)
• Belgium — US$0 (2021)
• Bosnia and Herzegovina — US$7.31 million (2021)
• Bulgaria — US$387.76 million (2021)
• Channel Islands

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, mineral depletion (current US$)?

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

How does Faroe Islands rank?

94th highest of 216 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.DMIN.CD, 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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