Faroe Islands vs Greenland: Final consumption expenditure
Final consumption expenditure over time
- Faroe Islands
- Greenland
How they compare
Faroe Islands currently reports 19.13 billion current LCU against 17.03 billion current LCU in Greenland, a difference of 2.10 billion current LCU.
That makes Faroe Islands's figure about 1.1 times Greenland's.
The two have swapped places 1 time across 21 shared years of data; in 2003 it was Greenland ahead.
Faroe Islands ranks 162nd and Greenland ranks 164th of 187 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 1 and Greenland in 2.
Head to head by decade
| Decade | Faroe Islands | Greenland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 10.01 billion current LCU | 10.94 billion current LCU | 924.73 million current LCU | Greenland |
| 2010s | 12.99 billion current LCU | 14.13 billion current LCU | 1.13 billion current LCU | Greenland |
| 2020s | 16.95 billion current LCU | 16.37 billion current LCU | 576.20 million current LCU | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Faroe Islands or Greenland?
- Faroe Islands, at 19.13 billion current LCU against 17.03 billion current LCU in Greenland as of 2024.
- What is the difference in final consumption expenditure between Faroe Islands and Greenland?
- 2.10 billion current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Greenland?
- 21 years are reported by both, from 2003 to 2023.
- How do Faroe Islands and Greenland rank globally for final consumption expenditure?
- Faroe Islands ranks 162nd and Greenland ranks 164th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.