Final consumption expenditure (current LCU), per unit of GDP in Faroe Islands
Faroe Islands: Final consumption expenditure (current LCU), per unit of GDP was 4.72 current LCU per US$ of GDP in 2024. ▼ Falling
Final consumption expenditure (current LCU), per unit of GDP in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Faroe Islands recorded 4.72 current LCU per US$ of GDP for final consumption expenditure (current lcu), per unit of gdp in 2024.
The figure is up 1.4% on the previous year and up 8.5% over ten years.
Over the whole period, final consumption expenditure (current lcu), per unit of gdp in Faroe Islands peaked at 6.3 current LCU per US$ of GDP in 2001 and was at its lowest, 4.35 current LCU per US$ of GDP, in 2008.
That places Faroe Islands 110th out of 188 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Final consumption expenditure (current LCU), per unit of GDP in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1998 | 5.11 current LCU per US$ of GDP | — |
| 1999 | 5.53 current LCU per US$ of GDP | +8.4% |
| 2000 | 6.23 current LCU per US$ of GDP | +12.6% |
| 2001 | 6.3 current LCU per US$ of GDP | +1.1% |
| 2002 | 6.1 current LCU per US$ of GDP | -3.2% |
| 2003 | 5.49 current LCU per US$ of GDP | -10.0% |
| 2004 | 5.14 current LCU per US$ of GDP | -6.4% |
| 2005 | 5.69 current LCU per US$ of GDP | +10.7% |
| 2006 | 5.06 current LCU per US$ of GDP | -11.0% |
| 2007 | 4.52 current LCU per US$ of GDP | -10.6% |
| 2008 | 4.35 current LCU per US$ of GDP | -3.8% |
| 2009 | 4.93 current LCU per US$ of GDP | +13.3% |
| 2010 | 4.74 current LCU per US$ of GDP | -4.0% |
| 2011 | 4.55 current LCU per US$ of GDP | -4.0% |
| 2012 | 4.97 current LCU per US$ of GDP | +9.2% |
| 2013 | 4.58 current LCU per US$ of GDP | -7.8% |
| 2014 | 4.35 current LCU per US$ of GDP | -5.0% |
| 2015 | 5.06 current LCU per US$ of GDP | +16.2% |
| 2016 | 4.94 current LCU per US$ of GDP | -2.5% |
| 2017 | 4.69 current LCU per US$ of GDP | -4.9% |
| 2018 | 4.52 current LCU per US$ of GDP | -3.7% |
| 2019 | 4.63 current LCU per US$ of GDP | +2.6% |
| 2020 | 4.78 current LCU per US$ of GDP | +3.2% |
| 2021 | 4.44 current LCU per US$ of GDP | -7.1% |
| 2022 | 4.8 current LCU per US$ of GDP | +8.0% |
| 2023 | 4.66 current LCU per US$ of GDP | -3.0% |
| 2024 | 4.72 current LCU per US$ of GDP | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.32 current LCU per US$ of GDP | 5.11 current LCU per US$ of GDP | 5.53 current LCU per US$ of GDP | 2 |
| 2000s | 5.38 current LCU per US$ of GDP | 4.35 current LCU per US$ of GDP | 6.3 current LCU per US$ of GDP | 10 |
| 2010s | 4.7 current LCU per US$ of GDP | 4.35 current LCU per US$ of GDP | 5.06 current LCU per US$ of GDP | 10 |
| 2020s | 4.68 current LCU per US$ of GDP | 4.44 current LCU per US$ of GDP | 4.8 current LCU per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 107 Hong Kong, China 6.14 current LCU per US$ of GDP compare
- 108 Bolivia, Plurinational State of 5.95 current LCU per US$ of GDP compare
- 109 Greenland 5.12 current LCU per US$ of GDP compare
- 111 Brazil 4.61 current LCU per US$ of GDP compare
- 112 Denmark 4.43 current LCU per US$ of GDP compare
- 113 China 4.08 current LCU per US$ of GDP 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 unit of gdp in Faroe Islands?
- Final consumption expenditure (current lcu), per unit of gdp in Faroe Islands was 4.72 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (current lcu), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 6.3 current LCU per US$ of GDP in 2001.
- What is the lowest final consumption expenditure (current lcu), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 4.35 current LCU per US$ of GDP in 2008.
- How does Faroe Islands rank for final consumption expenditure (current lcu), per unit of gdp?
- Faroe Islands ranks 110th out of 188 countries with data for 2024.
- Is final consumption expenditure (current lcu), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 8.5%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Final consumption expenditure (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Final consumption expenditure (current LCU) ÷ GDP (current US$)
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- 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
Final consumption expenditure (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.