General government final consumption expenditure (current US$) in Faroe Islands
Faroe Islands: General government final consumption expenditure (current US$) was 6.18 % change on previous year in 2024. ◆ Volatile
General government final consumption expenditure (current US$) in Faroe Islands, 1999–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, general government final consumption expenditure (current us$) in Faroe Islands stood at 6.18 % change on previous year.
Compared with earlier readings it is down 32.7% on the previous year and up 117.1% over ten years.
Over the whole period, general government final consumption expenditure (current us$) in Faroe Islands peaked at 28.06 % change on previous year in 2003 and was at its lowest, -13.52 % change on previous year, in 2015.
That places Faroe Islands 120th out of 185 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure (current US$) in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 5.04 % change on previous year | — |
| 2000 | -6.36 % change on previous year | -226.2% |
| 2001 | 8.29 % change on previous year | -230.4% |
| 2002 | 14.63 % change on previous year | +76.5% |
| 2003 | 28.06 % change on previous year | +91.8% |
| 2004 | 16.62 % change on previous year | -40.8% |
| 2005 | 5.08 % change on previous year | -69.5% |
| 2006 | 4.81 % change on previous year | -5.2% |
| 2007 | 18.33 % change on previous year | +281.0% |
| 2008 | 18.28 % change on previous year | -0.3% |
| 2009 | -1.64 % change on previous year | -109.0% |
| 2010 | -0.248 % change on previous year | -84.9% |
| 2011 | 6.52 % change on previous year | -2730.4% |
| 2012 | -5.64 % change on previous year | -186.5% |
| 2013 | 6.11 % change on previous year | -208.3% |
| 2014 | 2.84 % change on previous year | -53.5% |
| 2015 | -13.52 % change on previous year | -575.4% |
| 2016 | 6.98 % change on previous year | -151.6% |
| 2017 | 5.58 % change on previous year | -20.1% |
| 2018 | 10.25 % change on previous year | +83.9% |
| 2019 | -0.4284 % change on previous year | -104.2% |
| 2020 | 7.23 % change on previous year | -1786.7% |
| 2021 | 8.98 % change on previous year | +24.3% |
| 2022 | -7.56 % change on previous year | -184.2% |
| 2023 | 9.17 % change on previous year | -221.3% |
| 2024 | 6.18 % change on previous year | -32.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.04 % change on previous year | 5.04 % change on previous year | 5.04 % change on previous year | 1 |
| 2000s | 10.61 % change on previous year | -6.36 % change on previous year | 28.06 % change on previous year | 10 |
| 2010s | 1.85 % change on previous year | -13.52 % change on previous year | 10.25 % change on previous year | 10 |
| 2020s | 4.8 % change on previous year | -7.56 % change on previous year | 9.17 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 117 Kazakhstan 6.8 % change on previous year compare
- 118 Greenland 6.62 % change on previous year compare
- 119 Brazil 6.33 % change on previous year compare
- 121 India 6.13 % change on previous year compare
- 122 Finland 6 % change on previous year compare
- 123 United States of America 6 % change on previous year compare
More economy & growth data for Faroe Islands
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 2.89 % change on previous year (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 2.8 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (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 us$) in Faroe Islands?
- General government final consumption expenditure (current us$) in Faroe Islands was 6.18 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (current us$) recorded in Faroe Islands?
- The highest recorded value was 28.06 % change on previous year in 2003.
- What is the lowest general government final consumption expenditure (current us$) recorded in Faroe Islands?
- The lowest recorded value was -13.52 % change on previous year in 2015.
- How does Faroe Islands rank for general government final consumption expenditure (current us$)?
- Faroe Islands ranks 120th out of 185 countries with data for 2024.
- Is general government final consumption expenditure (current us$) rising or falling in Faroe Islands?
- Over the last ten years it is up 117.1%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of General government final consumption expenditure (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in General government final consumption expenditure (current US$). 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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.