Faroe Islands vs Iceland: General government final consumption expenditure (current US$), per
Faroe Islands
20,666 current US$ per person
in 2024
Iceland
25,628 current US$ per person
in 2025
Faroe Islands rank
5th
Iceland rank
2nd
General government final consumption expenditure (current US$), per over time
- Faroe Islands
- Iceland
How they compare
Iceland currently reports 25,628 current US$ per person against 20,666 current US$ per person in Faroe Islands, a difference of 4,962 current US$ per person.
That makes Iceland's figure about 1.2 times Faroe Islands's.
The two have swapped places 4 times across 27 shared years of data; in 1998 it was Iceland ahead.
Faroe Islands ranks 5th and Iceland ranks 2nd of 187 countries.
Across the 4 decades both report, Faroe Islands averaged higher in 1 and Iceland in 3.
Head to head by decade
| Decade | Faroe Islands | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6,346 current US$ per person | 7,346 current US$ per person | 1,000 current US$ per person | Iceland |
| 2000s | 10,710 current US$ per person | 11,639 current US$ per person | 928.96 current US$ per person | Iceland |
| 2010s | 16,501 current US$ per person | 14,170 current US$ per person | 2,331 current US$ per person | Faroe Islands |
| 2020s | 19,293 current US$ per person | 19,741 current US$ per person | 447.92 current US$ per person | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure (current us$), per, Faroe Islands or Iceland?
- Iceland, at 25,628 current US$ per person against 20,666 current US$ per person in Faroe Islands as of 2025.
- What is the difference in general government final consumption expenditure (current us$), per between Faroe Islands and Iceland?
- 4,962 current US$ per person, with Iceland ahead.
- How many years of comparable data are there for Faroe Islands and Iceland?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and Iceland rank globally for general government final consumption expenditure (current us$), per?
- Faroe Islands ranks 5th and Iceland ranks 2nd of 187 countries.
- Where does this data come from?
- Statizoid (derived), published as General government final consumption expenditure (current US$), per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General government final consumption expenditure (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.