Faroe Islands vs High income: General government final consumption expenditure
General government final consumption expenditure over time
- Faroe Islands
- High income
How they compare
Faroe Islands currently reports 27.9% against 17.5% in High income, a difference of 10.4%.
That makes Faroe Islands's figure about 1.6 times High income's.
Across all 27 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 13th and High income ranks 10th of 187 countries.
Faroe Islands has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Faroe Islands | High income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 25.5% | 16.5% | 9.0% | Faroe Islands |
| 2000s | 28.7% | 17.5% | 11.2% | Faroe Islands |
| 2010s | 29.6% | 17.8% | 11.8% | Faroe Islands |
| 2020s | 28.0% | 17.8% | 10.2% | 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 High income?
- Faroe Islands, at 27.9% against 17.5% in High income as of 2024.
- What is the difference in general government final consumption expenditure between Faroe Islands and High income?
- 10.4%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and High income?
- 27 years are reported by both, from 1998 to 2024.
- How do Faroe Islands and High income rank globally for general government final consumption expenditure?
- Faroe Islands ranks 13th and High income ranks 10th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as General government 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. 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 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.