Eritrea vs Faroe Islands: General government final consumption expenditure
General government final consumption expenditure over time
- Eritrea
- Faroe Islands
How they compare
Eritrea currently reports 8.45 billion current LCU against 7.79 billion current LCU in Faroe Islands, a difference of 665.44 million current LCU.
That makes Eritrea's figure about 1.1 times Faroe Islands's.
Across all 14 years both countries report, Eritrea has been ahead every year.
Eritrea ranks 156th and Faroe Islands ranks 157th of 186 countries.
Eritrea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Eritrea | Faroe Islands | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.18 billion current LCU | 1.95 billion current LCU | 1.23 billion current LCU | Eritrea |
| 2000s | 4.99 billion current LCU | 3.15 billion current LCU | 1.84 billion current LCU | Eritrea |
| 2010s | 8.11 billion current LCU | 4.35 billion current LCU | 3.76 billion current LCU | Eritrea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Eritrea or Faroe Islands?
- Eritrea, at 8.45 billion current LCU against 7.79 billion current LCU in Faroe Islands as of 2011.
- What is the difference in general government final consumption expenditure between Eritrea and Faroe Islands?
- 665.44 million current LCU, with Eritrea ahead.
- How many years of comparable data are there for Eritrea and Faroe Islands?
- 14 years are reported by both, from 1998 to 2011.
- How do Eritrea and Faroe Islands rank globally for general government final consumption expenditure?
- Eritrea ranks 156th and Faroe Islands ranks 157th of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.