Faroe Islands — Gross fixed capital formation (% of GDP)
% of GDP · 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. This series expresses the aggregate as a percentage of GDP for the matching period.
For the Faroe Islands, the gross fixed capital formation reading stood at 28.2% of GDP in 2024. Against 31.4% of GDP in 2023, the period change was −3.21 percentage points. It was above the selected 10-year average of 27.6% of GDP.
Get the full series
- Annual data, 1998–2024
- The underlying source, downloadable
Latest observations
2015–2024
| Period | Value |
|---|---|
| 2024 | 28.2 % of GDP |
| 2023 | 31.4 % of GDP |
| 2022 | 32.3 % of GDP |
| 2021 | 28.9 % of GDP |
| 2020 | 28.3 % of GDP |
5 earlier values, back to 2015
| 2019 | 27.6 % of GDP |
| 2018 | 29.7 % of GDP |
| 2017 | 23.5 % of GDP |
| 2016 | 22.2 % of GDP |
| 2015 | 24 % of GDP |