Final consumption expenditure (current LCU), per capita in Faroe Islands
Faroe Islands: Final consumption expenditure (current LCU), per capita was 350,156 current LCU per person in 2024. ▲ Rising
Final consumption expenditure (current LCU), per capita in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
In 2024, final consumption expenditure (current lcu), per capita in Faroe Islands stood at 350,156 current LCU per person. That is the highest value across all 27 years on record.
That represents a change of up 3.8% on the previous year and up 33.7% over ten years.
Over the whole period, final consumption expenditure (current lcu), per capita in Faroe Islands peaked at 350,156 current LCU per person in 2024 and was at its lowest, 126,252 current LCU per person, in 1998.
That places Faroe Islands 69th out of 188 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Final consumption expenditure (current LCU), per capita in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 126,252 current LCU per person | — |
| 1999 | 138,196 current LCU per person | +9.5% |
| 2000 | 145,270 current LCU per person | +5.1% |
| 2001 | 156,663 current LCU per person | +7.8% |
| 2002 | 164,185 current LCU per person | +4.8% |
| 2003 | 171,606 current LCU per person | +4.5% |
| 2004 | 183,191 current LCU per person | +6.8% |
| 2005 | 206,991 current LCU per person | +13.0% |
| 2006 | 211,309 current LCU per person | +2.1% |
| 2007 | 218,717 current LCU per person | +3.5% |
| 2008 | 223,246 current LCU per person | +2.1% |
| 2009 | 232,111 current LCU per person | +4.0% |
| 2010 | 226,987 current LCU per person | -2.2% |
| 2011 | 234,786 current LCU per person | +3.4% |
| 2012 | 249,749 current LCU per person | +6.4% |
| 2013 | 255,479 current LCU per person | +2.3% |
| 2014 | 261,922 current LCU per person | +2.5% |
| 2015 | 266,354 current LCU per person | +1.7% |
| 2016 | 280,709 current LCU per person | +5.4% |
| 2017 | 278,609 current LCU per person | -0.7% |
| 2018 | 282,407 current LCU per person | +1.4% |
| 2019 | 292,222 current LCU per person | +3.5% |
| 2020 | 297,734 current LCU per person | +1.9% |
| 2021 | 308,409 current LCU per person | +3.6% |
| 2022 | 321,730 current LCU per person | +4.3% |
| 2023 | 337,441 current LCU per person | +4.9% |
| 2024 | 350,156 current LCU per person | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 132,224 current LCU per person | 126,252 current LCU per person | 138,196 current LCU per person | 2 |
| 2000s | 191,329 current LCU per person | 145,270 current LCU per person | 232,111 current LCU per person | 10 |
| 2010s | 262,922 current LCU per person | 226,987 current LCU per person | 292,222 current LCU per person | 10 |
| 2020s | 323,094 current LCU per person | 297,734 current LCU per person | 350,156 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 66 Chad 398,288 current LCU per person compare
- 67 Niger 362,790 current LCU per person compare
- 68 Haiti 354,590 current LCU per person compare
- 70 Hong Kong, China 350,027 current LCU per person compare
- 71 Denmark 340,802 current LCU per person compare
- 72 Central African Republic 339,527 current LCU per person compare
More economy & growth data for Faroe Islands
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure (current lcu), per capita in Faroe Islands?
- Final consumption expenditure (current lcu), per capita in Faroe Islands was 350,156 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (current lcu), per capita recorded in Faroe Islands?
- The highest recorded value was 350,156 current LCU per person in 2024.
- What is the lowest final consumption expenditure (current lcu), per capita recorded in Faroe Islands?
- The lowest recorded value was 126,252 current LCU per person in 1998.
- How does Faroe Islands rank for final consumption expenditure (current lcu), per capita?
- Faroe Islands ranks 69th out of 188 countries with data for 2024.
- Is final consumption expenditure (current lcu), per capita rising or falling in Faroe Islands?
- Over the last ten years it is up 33.7%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (current LCU), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Final consumption expenditure (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Final consumption expenditure (current LCU) ÷ Population, total
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
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
Final consumption expenditure (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.