Czechia vs Faroe Islands: Final consumption expenditure
Final consumption expenditure over time
- Czechia
- Faroe Islands
How they compare
Faroe Islands currently reports 68.5% against 67.4% in Czechia, a difference of 1.1%.
The two have swapped places 2 times across 27 shared years of data; in 1998 it was Faroe Islands ahead.
Czechia ranks 150th and Faroe Islands ranks 148th of 188 countries.
Faroe Islands has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Czechia | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 70.1% | 77.7% | 7.6% | Faroe Islands |
| 2000s | 68.9% | 83.9% | 15.0% | Faroe Islands |
| 2010s | 68.5% | 77.4% | 8.9% | Faroe Islands |
| 2020s | 67.8% | 69.5% | 1.7% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Czechia or Faroe Islands?
- Faroe Islands, at 68.5% against 67.4% in Czechia as of 2024.
- What is the difference in final consumption expenditure between Czechia and Faroe Islands?
- 1.1%, with Faroe Islands ahead.
- How many years of comparable data are there for Czechia and Faroe Islands?
- 27 years are reported by both, from 1998 to 2024.
- How do Czechia and Faroe Islands rank globally for final consumption expenditure?
- Czechia ranks 150th and Faroe Islands ranks 148th of 188 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.