Final consumption expenditure (current US$), per unit of GDP in Faroe Islands
Faroe Islands: Final consumption expenditure (current US$), per unit of GDP was 0.6847 current US$ per US$ of GDP in 2024. ▼ Falling
Final consumption expenditure (current US$), per unit of GDP in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Faroe Islands recorded 0.6847 current US$ per US$ of GDP for final consumption expenditure (current us$), per unit of gdp in 2024.
That represents a change of up 1.3% on the previous year and down 11.7% over ten years.
Over the whole period, final consumption expenditure (current us$), per unit of gdp in Faroe Islands peaked at 0.9485 current US$ per US$ of GDP in 2005 and was at its lowest, 0.6757 current US$ per US$ of GDP, in 2023.
Faroe Islands ranks 148th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Final consumption expenditure (current US$), per unit of GDP in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.7619 current US$ per US$ of GDP | — |
| 1999 | 0.7931 current US$ per US$ of GDP | +4.1% |
| 2000 | 0.7706 current US$ per US$ of GDP | -2.8% |
| 2001 | 0.7566 current US$ per US$ of GDP | -1.8% |
| 2002 | 0.772 current US$ per US$ of GDP | +2.0% |
| 2003 | 0.8331 current US$ per US$ of GDP | +7.9% |
| 2004 | 0.8578 current US$ per US$ of GDP | +3.0% |
| 2005 | 0.9485 current US$ per US$ of GDP | +10.6% |
| 2006 | 0.8512 current US$ per US$ of GDP | -10.3% |
| 2007 | 0.831 current US$ per US$ of GDP | -2.4% |
| 2008 | 0.8538 current US$ per US$ of GDP | +2.7% |
| 2009 | 0.92 current US$ per US$ of GDP | +7.8% |
| 2010 | 0.8422 current US$ per US$ of GDP | -8.5% |
| 2011 | 0.8472 current US$ per US$ of GDP | +0.6% |
| 2012 | 0.8578 current US$ per US$ of GDP | +1.3% |
| 2013 | 0.8158 current US$ per US$ of GDP | -4.9% |
| 2014 | 0.7756 current US$ per US$ of GDP | -4.9% |
| 2015 | 0.7521 current US$ per US$ of GDP | -3.0% |
| 2016 | 0.7332 current US$ per US$ of GDP | -2.5% |
| 2017 | 0.7105 current US$ per US$ of GDP | -3.1% |
| 2018 | 0.7153 current US$ per US$ of GDP | +0.7% |
| 2019 | 0.6947 current US$ per US$ of GDP | -2.9% |
| 2020 | 0.7311 current US$ per US$ of GDP | +5.2% |
| 2021 | 0.7066 current US$ per US$ of GDP | -3.4% |
| 2022 | 0.6779 current US$ per US$ of GDP | -4.1% |
| 2023 | 0.6757 current US$ per US$ of GDP | -0.3% |
| 2024 | 0.6847 current US$ per US$ of GDP | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7775 current US$ per US$ of GDP | 0.7619 current US$ per US$ of GDP | 0.7931 current US$ per US$ of GDP | 2 |
| 2000s | 0.8395 current US$ per US$ of GDP | 0.7566 current US$ per US$ of GDP | 0.9485 current US$ per US$ of GDP | 10 |
| 2010s | 0.7744 current US$ per US$ of GDP | 0.6947 current US$ per US$ of GDP | 0.8578 current US$ per US$ of GDP | 10 |
| 2020s | 0.6952 current US$ per US$ of GDP | 0.6757 current US$ per US$ of GDP | 0.7311 current US$ per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 145 Congo, Democratic Republic of the 0.6868 current US$ per US$ of GDP compare
- 146 Iraq 0.6859 current US$ per US$ of GDP compare
- 147 Türkiye 0.6857 current US$ per US$ of GDP compare
- 149 India 0.6744 current US$ per US$ of GDP compare
- 150 Czechia 0.6739 current US$ per US$ of GDP compare
- 151 Kuwait 0.6738 current US$ 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 us$), per unit of gdp in Faroe Islands?
- Final consumption expenditure (current us$), per unit of gdp in Faroe Islands was 0.6847 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 0.9485 current US$ per US$ of GDP in 2005.
- What is the lowest final consumption expenditure (current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.6757 current US$ per US$ of GDP in 2023.
- How does Faroe Islands rank for final consumption expenditure (current us$), per unit of gdp?
- Faroe Islands ranks 148th out of 188 countries with data for 2024.
- Is final consumption expenditure (current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 11.7%. 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Final consumption expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Final consumption expenditure (current US$) ÷ GDP (current US$)
Computed from
- Final consumption expenditure Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Final consumption expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.