Faroe Islands vs Oman: General government final consumption expenditure
General government final consumption expenditure over time
- Faroe Islands
- Oman
How they compare
Faroe Islands currently reports 7.79 billion current LCU against 7.72 billion current LCU in Oman, a difference of 69.13 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 157th and Oman ranks 158th of 186 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 | 1.95 billion current LCU | 1.44 billion current LCU | 513.90 million current LCU | Faroe Islands |
| 2000s | 3.15 billion current LCU | 2.43 billion current LCU | 720.07 million current LCU | Faroe Islands |
| 2010s | 4.98 billion current LCU | 6.68 billion current LCU | 1.71 billion current LCU | Oman |
| 2020s | 6.99 billion current LCU | 7.58 billion current LCU | 590.11 million current LCU | Oman |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Faroe Islands or Oman?
- Faroe Islands, at 7.79 billion current LCU against 7.72 billion current LCU in Oman as of 2024.
- What is the difference in general government final consumption expenditure between Faroe Islands and Oman?
- 69.13 million current LCU, with Faroe Islands 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 general government final consumption expenditure?
- Faroe Islands ranks 157th and Oman ranks 158th 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.