General government final consumption expenditure (current LCU), per in Faroe Islands
Faroe Islands: General government final consumption expenditure (current LCU), per was 142,484 current LCU per person in 2024. ▲ Rising
General government final consumption expenditure (current LCU), per in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
The most recent figure for general government final consumption expenditure (current lcu), per in Faroe Islands is 142,484 current LCU per person, measured in 2024. That is the highest value across all 27 years on record.
The figure is up 5.8% on the previous year and up 46.2% over ten years.
Over the whole period, general government final consumption expenditure (current lcu), per in Faroe Islands peaked at 142,484 current LCU per person in 2024 and was at its lowest, 41,702 current LCU per person, in 1998.
Faroe Islands ranks 48th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
General government final consumption expenditure (current LCU), per in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 41,702 current LCU per person | — |
| 1999 | 45,127 current LCU per person | +8.2% |
| 2000 | 48,313 current LCU per person | +7.1% |
| 2001 | 52,851 current LCU per person | +9.4% |
| 2002 | 56,618 current LCU per person | +7.1% |
| 2003 | 59,623 current LCU per person | +5.3% |
| 2004 | 62,777 current LCU per person | +5.3% |
| 2005 | 66,062 current LCU per person | +5.2% |
| 2006 | 68,696 current LCU per person | +4.0% |
| 2007 | 74,346 current LCU per person | +8.2% |
| 2008 | 82,065 current LCU per person | +10.4% |
| 2009 | 84,458 current LCU per person | +2.9% |
| 2010 | 88,628 current LCU per person | +4.9% |
| 2011 | 90,334 current LCU per person | +1.9% |
| 2012 | 92,444 current LCU per person | +2.3% |
| 2013 | 95,202 current LCU per person | +3.0% |
| 2014 | 97,474 current LCU per person | +2.4% |
| 2015 | 100,074 current LCU per person | +2.7% |
| 2016 | 105,895 current LCU per person | +5.8% |
| 2017 | 108,097 current LCU per person | +2.1% |
| 2018 | 112,150 current LCU per person | +3.7% |
| 2019 | 116,138 current LCU per person | +3.6% |
| 2020 | 120,361 current LCU per person | +3.6% |
| 2021 | 124,329 current LCU per person | +3.3% |
| 2022 | 127,885 current LCU per person | +2.9% |
| 2023 | 134,700 current LCU per person | +5.3% |
| 2024 | 142,484 current LCU per person | +5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 43,414 current LCU per person | 41,702 current LCU per person | 45,127 current LCU per person | 2 |
| 2000s | 65,581 current LCU per person | 48,313 current LCU per person | 84,458 current LCU per person | 10 |
| 2010s | 100,644 current LCU per person | 88,628 current LCU per person | 116,138 current LCU per person | 10 |
| 2020s | 129,952 current LCU per person | 120,361 current LCU per person | 142,484 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 45 Côte d'Ivoire 154,581 current LCU per person compare
- 46 Algeria 145,581 current LCU per person compare
- 47 Albania 144,937 current LCU per person compare
- 49 Cape Verde 129,653 current LCU per person compare
- 50 Cameroon 127,955 current LCU per person compare
- 51 Burkina Faso 118,907 current LCU per person 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), per in Faroe Islands?
- General government final consumption expenditure (current lcu), per in Faroe Islands was 142,484 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (current lcu), per recorded in Faroe Islands?
- The highest recorded value was 142,484 current LCU per person in 2024.
- What is the lowest general government final consumption expenditure (current lcu), per recorded in Faroe Islands?
- The lowest recorded value was 41,702 current LCU per person in 1998.
- How does Faroe Islands rank for general government final consumption expenditure (current lcu), per?
- Faroe Islands ranks 48th out of 187 countries with data for 2024.
- Is general government final consumption expenditure (current lcu), per rising or falling in Faroe Islands?
- Over the last ten years it is up 46.2%. 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 General government final consumption expenditure (current LCU), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
General government 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.
General government final consumption expenditure (current LCU) ÷ Population, total
Computed from
- General government 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
General government 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.