Faroe Islands — Gross fixed capital formation (USD)
millions of USD · 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 reports the amount in millions of US dollars.
The gross fixed capital formation reading for the Faroe Islands was 1.14B USD in 2024. The previous reading was 1.24B USD in 2023; the period change was −7.73%. Relative to the selected 10-year average of 932.91M USD, the latest reading was above. 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 | 1.14B USD |
| 2023 | 1.24B USD |
| 2022 | 1.17B USD |
| 2021 | 1.07B USD |
| 2020 | 924.52M USD |
5 earlier values, back to 2015
| 2019 | 901.94M USD |
| 2018 | 947.43M USD |
| 2017 | 699.23M USD |
| 2016 | 623.56M USD |
| 2015 | 616.95M USD |