Faroe Islands — Gross fixed capital formation
millions of LCU · Annual · 1998–2024 · 27 observations
About this series
Gross fixed capital formation is the value of fixed assets acquired less the value of fixed assets disposed of during the period for use in production. It excludes changes in inventories.
In the Faroe Islands, the gross fixed capital formation reading was 7.87B LCU in 2024, compared with 8.52B LCU in 2023. The period change was −7.66%. The latest reading was above the selected 10-year average of 6.24B LCU. The corresponding ratio to GDP was 28.2% in 2024.
Get the full series
- Annual data, 1998–2024
- The underlying source, downloadable
Latest observations
2015–2024
| Period | Value |
|---|---|
| 2024 | 7.87B LCU |
| 2023 | 8.52B LCU |
| 2022 | 8.27B LCU |
| 2021 | 6.71B LCU |
| 2020 | 6.05B LCU |
5 earlier values, back to 2015
| 2019 | 6.02B LCU |
| 2018 | 5.98B LCU |
| 2017 | 4.62B LCU |
| 2016 | 4.20B LCU |
| 2015 | 4.15B LCU |