Faroe Islands vs Somalia: General government final consumption expenditure
General government final consumption expenditure over time
- Faroe Islands
- Somalia
How they compare
Faroe Islands currently reports 1.13 billion current US$ against 1.05 billion current US$ in Somalia, a difference of 75.11 million current US$.
That makes Faroe Islands's figure about 1.1 times Somalia's.
Across all 13 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 153rd and Somalia ranks 155th of 186 countries.
Faroe Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Faroe Islands | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 820.50 million current US$ | 374.08 million current US$ | 446.42 million current US$ | Faroe Islands |
| 2020s | 1.04 billion current US$ | 749.20 million current US$ | 288.35 million current US$ | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Faroe Islands or Somalia?
- Faroe Islands, at 1.13 billion current US$ against 1.05 billion current US$ in Somalia as of 2024.
- What is the difference in general government final consumption expenditure between Faroe Islands and Somalia?
- 75.11 million current US$, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Somalia?
- 13 years are reported by both, from 2012 to 2024.
- How do Faroe Islands and Somalia rank globally for general government final consumption expenditure?
- Faroe Islands ranks 153rd and Somalia ranks 155th of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (current US$). 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. 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 indicator is expressed in United States dollars.