Faroe Islands vs Oman: Final consumption expenditure
Final consumption expenditure over time
- Faroe Islands
- Oman
How they compare
Oman currently reports 23.83 billion current LCU against 19.13 billion current LCU in Faroe Islands, a difference of 4.70 billion current LCU.
That makes Oman's figure about 1.2 times Faroe Islands's.
The two have swapped places 1 time across 27 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 162nd and Oman ranks 159th of 187 countries.
Across the 4 decades both report, Faroe Islands averaged higher in 2 and Oman in 2.
Head to head by decade
| Decade | Faroe Islands | Oman | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 5.94 billion current LCU | 4.28 billion current LCU | 1.66 billion current LCU | Faroe Islands |
| 2000s | 9.18 billion current LCU | 6.97 billion current LCU | 2.21 billion current LCU | Faroe Islands |
| 2010s | 12.99 billion current LCU | 17.33 billion current LCU | 4.34 billion current LCU | Oman |
| 2020s | 17.38 billion current LCU | 22.00 billion current LCU | 4.61 billion current LCU | Oman |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Faroe Islands or Oman?
- Oman, at 23.83 billion current LCU against 19.13 billion current LCU in Faroe Islands as of 2024.
- What is the difference in final consumption expenditure between Faroe Islands and Oman?
- 4.70 billion current LCU, with Oman ahead.
- How many years of comparable data are there for Faroe Islands and Oman?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and Oman rank globally for final consumption expenditure?
- Faroe Islands ranks 162nd and Oman ranks 159th 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.
Individual pages
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.