General government final consumption expenditure (current US$), per in Faroe Islands
Faroe Islands: General government final consumption expenditure (current US$), per was 20,666 current US$ per person in 2024. ▲ Rising
General government final consumption expenditure (current US$), per in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
In 2024, general government final consumption expenditure (current us$), per in Faroe Islands stood at 20,666 current US$ per person. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 5.7% on the previous year and up 19.0% over ten years.
Over the whole period, general government final consumption expenditure (current us$), per in Faroe Islands peaked at 20,666 current US$ per person in 2024 and was at its lowest, 5,977 current US$ per person, in 2000.
Faroe Islands ranks 5th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 27 years of available data.
General government final consumption expenditure (current US$), per in Faroe Islands, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1998 | 6,223 current US$ per person | — |
| 1999 | 6,469 current US$ per person | +3.9% |
| 2000 | 5,977 current US$ per person | -7.6% |
| 2001 | 6,350 current US$ per person | +6.2% |
| 2002 | 7,172 current US$ per person | +12.9% |
| 2003 | 9,051 current US$ per person | +26.2% |
| 2004 | 10,478 current US$ per person | +15.8% |
| 2005 | 11,016 current US$ per person | +5.1% |
| 2006 | 11,552 current US$ per person | +4.9% |
| 2007 | 13,657 current US$ per person | +18.2% |
| 2008 | 16,097 current US$ per person | +17.9% |
| 2009 | 15,754 current US$ per person | -2.1% |
| 2010 | 15,759 current US$ per person | +0.0% |
| 2011 | 16,826 current US$ per person | +6.8% |
| 2012 | 15,959 current US$ per person | -5.2% |
| 2013 | 16,951 current US$ per person | +6.2% |
| 2014 | 17,368 current US$ per person | +2.5% |
| 2015 | 14,874 current US$ per person | -14.4% |
| 2016 | 15,731 current US$ per person | +5.8% |
| 2017 | 16,371 current US$ per person | +4.1% |
| 2018 | 17,760 current US$ per person | +8.5% |
| 2019 | 17,414 current US$ per person | -2.0% |
| 2020 | 18,398 current US$ per person | +5.7% |
| 2021 | 19,775 current US$ per person | +7.5% |
| 2022 | 18,073 current US$ per person | -8.6% |
| 2023 | 19,551 current US$ per person | +8.2% |
| 2024 | 20,666 current US$ per person | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6,346 current US$ per person | 6,223 current US$ per person | 6,469 current US$ per person | 2 |
| 2000s | 10,710 current US$ per person | 5,977 current US$ per person | 16,097 current US$ per person | 10 |
| 2010s | 16,501 current US$ per person | 14,874 current US$ per person | 17,760 current US$ per person | 10 |
| 2020s | 19,293 current US$ per person | 18,073 current US$ per person | 20,666 current US$ per person | 5 |
Countries ranked near Faroe Islands
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 us$), per in Faroe Islands?
- General government final consumption expenditure (current us$), per in Faroe Islands was 20,666 current US$ per person in 2024, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (current us$), per recorded in Faroe Islands?
- The highest recorded value was 20,666 current US$ per person in 2024.
- What is the lowest general government final consumption expenditure (current us$), per recorded in Faroe Islands?
- The lowest recorded value was 5,977 current US$ per person in 2000.
- How does Faroe Islands rank for general government final consumption expenditure (current us$), per?
- Faroe Islands ranks 5th out of 187 countries with data for 2024.
- Is general government final consumption expenditure (current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 19.0%. 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 US$), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
General government final consumption expenditure (current US$) 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 US$) ÷ Population, total
Computed from
- General government final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
General government final consumption expenditure (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.