Final consumption expenditure (current US$), per square kilometre in Faroe Islands
Faroe Islands: Final consumption expenditure (current US$), per square kilometre was 1.94 million current US$ per square kilometre in 2023. ▲ Rising
Final consumption expenditure (current US$), per square kilometre in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
Faroe Islands recorded 1.94 million current US$ per square kilometre for final consumption expenditure (current us$), per square kilometre in 2023. That is the highest value across all 26 years on record.
The figure is up 8.7% on the previous year and up 23.7% over ten years.
Over the whole period, final consumption expenditure (current us$), per square kilometre in Faroe Islands peaked at 1.94 million current US$ per square kilometre in 2023 and was at its lowest, 589,034 current US$ per square kilometre, in 2000.
That places Faroe Islands 44th out of 185 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Final consumption expenditure (current US$), per square kilometre in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1998 | 602,949 current US$ per square kilometre | — |
| 1999 | 640,631 current US$ per square kilometre | +6.2% |
| 2000 | 589,034 current US$ per square kilometre | -8.1% |
| 2001 | 628,817 current US$ per square kilometre | +6.8% |
| 2002 | 705,170 current US$ per square kilometre | +12.1% |
| 2003 | 896,289 current US$ per square kilometre | +27.1% |
| 2004 | 1.06 million current US$ per square kilometre | +18.2% |
| 2005 | 1.20 million current US$ per square kilometre | +12.8% |
| 2006 | 1.23 million current US$ per square kilometre | +2.9% |
| 2007 | 1.39 million current US$ per square kilometre | +13.2% |
| 2008 | 1.52 million current US$ per square kilometre | +9.4% |
| 2009 | 1.51 million current US$ per square kilometre | -0.6% |
| 2010 | 1.41 million current US$ per square kilometre | -7.0% |
| 2011 | 1.52 million current US$ per square kilometre | +8.1% |
| 2012 | 1.49 million current US$ per square kilometre | -1.9% |
| 2013 | 1.57 million current US$ per square kilometre | +5.4% |
| 2014 | 1.62 million current US$ per square kilometre | +3.0% |
| 2015 | 1.39 million current US$ per square kilometre | -14.3% |
| 2016 | 1.48 million current US$ per square kilometre | +6.5% |
| 2017 | 1.52 million current US$ per square kilometre | +2.7% |
| 2018 | 1.63 million current US$ per square kilometre | +7.7% |
| 2019 | 1.63 million current US$ per square kilometre | -0.5% |
| 2020 | 1.75 million current US$ per square kilometre | +7.7% |
| 2021 | 1.91 million current US$ per square kilometre | +9.0% |
| 2022 | 1.79 million current US$ per square kilometre | -6.2% |
| 2023 | 1.94 million current US$ per square kilometre | +8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 621,790 current US$ per square kilometre | 602,949 current US$ per square kilometre | 640,631 current US$ per square kilometre | 2 |
| 2000s | 1.07 million current US$ per square kilometre | 589,034 current US$ per square kilometre | 1.52 million current US$ per square kilometre | 10 |
| 2010s | 1.52 million current US$ per square kilometre | 1.39 million current US$ per square kilometre | 1.63 million current US$ per square kilometre | 10 |
| 2020s | 1.85 million current US$ per square kilometre | 1.75 million current US$ per square kilometre | 1.94 million current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 41 Slovakia 2.19 million current US$ per square kilometre compare
- 42 Poland 2.03 million current US$ per square kilometre compare
- 43 Dominican Republic 1.98 million current US$ per square kilometre compare
- 45 Marshall Islands 1.88 million current US$ per square kilometre compare
- 46 French Polynesia 1.86 million current US$ per square kilometre compare
- 47 Greece 1.67 million current US$ per square kilometre 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 final consumption expenditure (current us$), per square kilometre in Faroe Islands?
- Final consumption expenditure (current us$), per square kilometre in Faroe Islands was 1.94 million current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest final consumption expenditure (current us$), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 1.94 million current US$ per square kilometre in 2023.
- What is the lowest final consumption expenditure (current us$), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 589,034 current US$ per square kilometre in 2000.
- How does Faroe Islands rank for final consumption expenditure (current us$), per square kilometre?
- Faroe Islands ranks 44th out of 185 countries with data for 2023.
- Is final consumption expenditure (current us$), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 23.7%. 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 US$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Final consumption expenditure (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Final consumption expenditure (current US$) ÷ Land area (sq. km)
Computed from
- Final consumption expenditure Country official statistics, National Statistical Offices (NSOs)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Final consumption expenditure (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.