Faroe Islands vs Palestine: Final consumption expenditure (current LCU)
Final consumption expenditure (current LCU) over time
- Faroe Islands
- Palestine
How they compare
Faroe Islands currently reports 19.13 billion current LCU against 18.48 billion current LCU in Palestine, a difference of 650.70 million current LCU.
The two have swapped places 2 times across 27 shared years of data; in 1998 it was Faroe Islands ahead.
Faroe Islands ranks 162nd and Palestine ranks 163rd of 188 countries.
Across the 4 decades both report, Faroe Islands averaged higher in 2 and Palestine in 2.
Head to head by decade
| Decade | Faroe Islands | Palestine | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 5.94 billion current LCU | 4.92 billion current LCU | 1.02 billion current LCU | Faroe Islands |
| 2000s | 9.18 billion current LCU | 6.56 billion current LCU | 2.62 billion current LCU | Faroe Islands |
| 2010s | 12.99 billion current LCU | 15.75 billion current LCU | 2.76 billion current LCU | Palestine |
| 2020s | 17.38 billion current LCU | 19.94 billion current LCU | 2.56 billion current LCU | Palestine |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Faroe Islands or Palestine?
- Faroe Islands, at 19.13 billion current LCU against 18.48 billion current LCU in Palestine as of 2024.
- What is the difference in final consumption expenditure between Faroe Islands and Palestine?
- 650.70 million current LCU, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Palestine?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and Palestine rank globally for final consumption expenditure?
- Faroe Islands ranks 162nd and Palestine ranks 163rd of 188 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.