General government final consumption expenditure (current LCU) in Faroe Islands
Faroe Islands: General government final consumption expenditure (current LCU) was 6.25 % change on previous year in 2024. ▼ Falling
General government final consumption expenditure (current LCU) in Faroe Islands, 1999–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for general government final consumption expenditure (current lcu) in Faroe Islands is 6.25 % change on previous year, measured in 2024.
That represents a change of down 0.7% on the previous year and up 125.3% over ten years.
Over the whole period, general government final consumption expenditure (current lcu) in Faroe Islands peaked at 11.5 % change on previous year in 2001 and was at its lowest, 1.69 % change on previous year, in 2011.
That places Faroe Islands 102nd out of 185 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
General government final consumption expenditure (current LCU) in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 9.36 % change on previous year | — |
| 2000 | 8.5 % change on previous year | -9.1% |
| 2001 | 11.5 % change on previous year | +35.3% |
| 2002 | 8.74 % change on previous year | -24.0% |
| 2003 | 6.86 % change on previous year | -21.5% |
| 2004 | 6.06 % change on previous year | -11.6% |
| 2005 | 5.18 % change on previous year | -14.6% |
| 2006 | 3.93 % change on previous year | -24.0% |
| 2007 | 8.32 % change on previous year | +111.5% |
| 2008 | 10.77 % change on previous year | +29.4% |
| 2009 | 3.43 % change on previous year | -68.1% |
| 2010 | 4.65 % change on previous year | +35.5% |
| 2011 | 1.69 % change on previous year | -63.7% |
| 2012 | 1.8 % change on previous year | +7.0% |
| 2013 | 2.89 % change on previous year | +60.1% |
| 2014 | 2.77 % change on previous year | -3.9% |
| 2015 | 3.66 % change on previous year | +32.1% |
| 2016 | 7.04 % change on previous year | +92.1% |
| 2017 | 3.56 % change on previous year | -49.5% |
| 2018 | 5.44 % change on previous year | +53.0% |
| 2019 | 5.17 % change on previous year | -5.0% |
| 2020 | 5.18 % change on previous year | +0.2% |
| 2021 | 4.73 % change on previous year | -8.6% |
| 2022 | 4.04 % change on previous year | -14.6% |
| 2023 | 6.3 % change on previous year | +55.8% |
| 2024 | 6.25 % change on previous year | -0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.36 % change on previous year | 9.36 % change on previous year | 9.36 % change on previous year | 1 |
| 2000s | 7.33 % change on previous year | 3.43 % change on previous year | 11.5 % change on previous year | 10 |
| 2010s | 3.87 % change on previous year | 1.69 % change on previous year | 7.04 % change on previous year | 10 |
| 2020s | 5.3 % change on previous year | 4.04 % change on previous year | 6.3 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 99 Estonia 6.53 % change on previous year compare
- 100 Slovakia 6.47 % change on previous year compare
- 101 Czechia 6.4 % change on previous year compare
- 103 Armenia 6.14 % change on previous year compare
- 104 United States of America 6 % change on previous year compare
- 105 Algeria 5.93 % change on previous year compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ 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$), annual growth rate -1.96 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
Frequently asked questions
- What is general government final consumption expenditure (current lcu) in Faroe Islands?
- General government final consumption expenditure (current lcu) in Faroe Islands was 6.25 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (current lcu) recorded in Faroe Islands?
- The highest recorded value was 11.5 % change on previous year in 2001.
- What is the lowest general government final consumption expenditure (current lcu) recorded in Faroe Islands?
- The lowest recorded value was 1.69 % change on previous year in 2011.
- How does Faroe Islands rank for general government final consumption expenditure (current lcu)?
- Faroe Islands ranks 102nd out of 185 countries with data for 2024.
- Is general government final consumption expenditure (current lcu) rising or falling in Faroe Islands?
- Over the last ten years it is up 125.3%. 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 General government final consumption expenditure (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 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 General government final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- General government final consumption expenditure 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 General government final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.