Discrepancy in expenditure estimate of GDP (current LCU), annual in Faroe Islands
Faroe Islands: Discrepancy in expenditure estimate of GDP (current LCU), annual was 0 % change on previous year in 2024. ◆ Volatile
Discrepancy in expenditure estimate of GDP (current LCU), annual in Faroe Islands, 1999–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Faroe Islands recorded 0 % change on previous year for discrepancy in expenditure estimate of gdp (current lcu), annual in 2024.
That represents a change of up 100.0% over ten years.
Over the whole period, discrepancy in expenditure estimate of gdp (current lcu), annual in Faroe Islands peaked at 200 % change on previous year in 2016 and was at its lowest, -500 % change on previous year, in 2020.
Faroe Islands ranks 71st of 173 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Discrepancy in expenditure estimate of GDP (current LCU), annual in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 100 % change on previous year | — |
| 2001 | 100 % change on previous year | +0.0% |
| 2003 | 0 % change on previous year | -100.0% |
| 2004 | 100 % change on previous year | — |
| 2006 | -100 % change on previous year | -200.0% |
| 2010 | -100 % change on previous year | -0.0% |
| 2013 | -100 % change on previous year | -0.0% |
| 2016 | 200 % change on previous year | -300.0% |
| 2017 | -200 % change on previous year | -200.0% |
| 2018 | 100 % change on previous year | -150.0% |
| 2020 | -500 % change on previous year | -600.0% |
| 2021 | 75 % change on previous year | -115.0% |
| 2022 | 200 % change on previous year | +166.7% |
| 2023 | 0 % change on previous year | -100.0% |
| 2024 | 0 % change on previous year | — |
Faroe Islands compared with similar countries
- Faroe Islands's 0 % change on previous year is above the median for high income countries, which is -0.2597 % change on previous year. (60 countries reporting)
- Faroe Islands's 0 % change on previous year is below the median for Europe & Central Asia, which is 23.84 % change on previous year. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 100 % change on previous year | 100 % change on previous year | 100 % change on previous year | 1 |
| 2000s | 25 % change on previous year | -100 % change on previous year | 100 % change on previous year | 4 |
| 2010s | -20 % change on previous year | -200 % change on previous year | 200 % change on previous year | 5 |
| 2020s | -45 % change on previous year | -500 % change on previous year | 200 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 68 United Kingdom of Great Britain and Northern Ireland 14.8 % change on previous year compare
- 69 Solomon Islands 11.79 % change on previous year compare
- 70 Yemen 0.01 % change on previous year compare
- 71 Dominican Republic 0 % change on previous year compare
- 71 Saudi Arabia 0 % change on previous year compare
- 71 South Sudan 0 % change on previous year compare
- 71 United States of America 0 % change on previous year compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is discrepancy in expenditure estimate of gdp (current lcu), annual in Faroe Islands?
- Discrepancy in expenditure estimate of gdp (current lcu), annual in Faroe Islands was 0 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest discrepancy in expenditure estimate of gdp (current lcu), annual recorded in Faroe Islands?
- The highest recorded value was 200 % change on previous year in 2016.
- What is the lowest discrepancy in expenditure estimate of gdp (current lcu), annual recorded in Faroe Islands?
- The lowest recorded value was -500 % change on previous year in 2020.
- How does Faroe Islands rank for discrepancy in expenditure estimate of gdp (current lcu), annual?
- Faroe Islands ranks 71st out of 173 countries with data for 2024.
- Is discrepancy in expenditure estimate of gdp (current lcu), annual rising or falling in Faroe Islands?
- Over the last ten years it is up 100.0%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Discrepancy in expenditure estimate of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Discrepancy in expenditure estimate of GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Discrepancy in expenditure estimate of GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Discrepancy in expenditure estimate of GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.