The present invention provides a ferritic stainless steel that has excellent strength at high temperature, oxidation resistance at high temperature, and salt corrosion resistance at high temperature and that can be used under high temperatures exceeding 900° C., and a method of producing the same.Specifically, the composition thereof is adjusted, on a % by mass basis, so as to include C: 0.02% or less; Si: 2.0% or less; Mn: 2.0% or less; Cr: from 12.0 to 40.0%; Mo: from 1.0 to 5.0%; W: more than 2.0% and 5.0% or less; wherein the total content of Mo and W: (Mo+W)≧4.3%, Nb: from 5 (C+N) to 1.0%, N: 0.02% or less, and Fe and inevitable impurities as residual.