Faroe Islands vs Papua New Guinea: Final consumption expenditure
Final consumption expenditure over time
- Faroe Islands
- Papua New Guinea
How they compare
Faroe Islands currently reports 2.78 billion current US$ against 2.62 billion current US$ in Papua New Guinea, a difference of 153.53 million current US$.
That makes Faroe Islands's figure about 1.1 times Papua New Guinea's.
Across all 7 years both countries report, Papua New Guinea has been ahead every year.
Faroe Islands ranks 164th and Papua New Guinea ranks 167th of 187 countries.
Papua New Guinea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Faroe Islands | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 868.02 million current US$ | 2.73 billion current US$ | 1.86 billion current US$ | Papua New Guinea |
| 2000s | 1.08 billion current US$ | 2.26 billion current US$ | 1.18 billion current US$ | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Faroe Islands or Papua New Guinea?
- Faroe Islands, at 2.78 billion current US$ against 2.62 billion current US$ in Papua New Guinea as of 2024.
- What is the difference in final consumption expenditure between Faroe Islands and Papua New Guinea?
- 153.53 million current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Papua New Guinea?
- 7 years are reported by both, from 1998 to 2004.
- How do Faroe Islands and Papua New Guinea rank globally for final consumption expenditure?
- Faroe Islands ranks 164th and Papua New Guinea ranks 167th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Final consumption expenditure (current US$). 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 indicator is expressed in United States dollars.