General government final consumption expenditure (current US$), per in Faroe Islands
Faroe Islands: General government final consumption expenditure (current US$), per was 776,299 current US$ per square kilometre in 2023. ▲ Rising
General government final consumption expenditure (current US$), per in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
In 2023, general government final consumption expenditure (current us$), per in Faroe Islands stood at 776,299 current US$ per square kilometre. That is the highest value across all 26 years on record.
The figure is up 9.2% on the previous year and up 32.5% over ten years.
Over the whole period, general government final consumption expenditure (current us$), per in Faroe Islands peaked at 776,299 current US$ per square kilometre in 2023 and was at its lowest, 195,895 current US$ per square kilometre, in 2000.
Faroe Islands ranks 34th of 184 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
General government final consumption expenditure (current US$), per in Faroe Islands, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1998 | 199,158 current US$ per square kilometre | — |
| 1999 | 209,193 current US$ per square kilometre | +5.0% |
| 2000 | 195,895 current US$ per square kilometre | -6.4% |
| 2001 | 212,133 current US$ per square kilometre | +8.3% |
| 2002 | 243,172 current US$ per square kilometre | +14.6% |
| 2003 | 311,405 current US$ per square kilometre | +28.1% |
| 2004 | 363,173 current US$ per square kilometre | +16.6% |
| 2005 | 381,607 current US$ per square kilometre | +5.1% |
| 2006 | 399,966 current US$ per square kilometre | +4.8% |
| 2007 | 473,287 current US$ per square kilometre | +18.3% |
| 2008 | 559,787 current US$ per square kilometre | +18.3% |
| 2009 | 550,618 current US$ per square kilometre | -1.6% |
| 2010 | 549,253 current US$ per square kilometre | -0.2% |
| 2011 | 585,078 current US$ per square kilometre | +6.5% |
| 2012 | 552,057 current US$ per square kilometre | -5.6% |
| 2013 | 585,814 current US$ per square kilometre | +6.1% |
| 2014 | 602,476 current US$ per square kilometre | +2.8% |
| 2015 | 521,009 current US$ per square kilometre | -13.5% |
| 2016 | 557,373 current US$ per square kilometre | +7.0% |
| 2017 | 588,458 current US$ per square kilometre | +5.6% |
| 2018 | 648,799 current US$ per square kilometre | +10.3% |
| 2019 | 646,020 current US$ per square kilometre | -0.4% |
| 2020 | 707,911 current US$ per square kilometre | +9.6% |
| 2021 | 769,226 current US$ per square kilometre | +8.7% |
| 2022 | 711,076 current US$ per square kilometre | -7.6% |
| 2023 | 776,299 current US$ per square kilometre | +9.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 204,176 current US$ per square kilometre | 199,158 current US$ per square kilometre | 209,193 current US$ per square kilometre | 2 |
| 2000s | 369,104 current US$ per square kilometre | 195,895 current US$ per square kilometre | 559,787 current US$ per square kilometre | 10 |
| 2010s | 583,634 current US$ per square kilometre | 521,009 current US$ per square kilometre | 648,799 current US$ per square kilometre | 10 |
| 2020s | 741,128 current US$ per square kilometre | 707,911 current US$ per square kilometre | 776,299 current US$ per square kilometre | 4 |
Countries ranked near Faroe Islands
- 31 United Arab Emirates 899,054 current US$ per square kilometre compare
- 32 Czechia 876,212 current US$ per square kilometre compare
- 33 Marshall Islands 838,339 current US$ per square kilometre compare
- 35 Cyprus 700,051 current US$ per square kilometre compare
- 36 Slovenia 660,871 current US$ per square kilometre compare
- 37 Brunei Darussalam 655,025 current US$ per square kilometre compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ 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$), per capita 40,467 current US$ per person (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 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)
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 776,299 current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (current us$), per recorded in Faroe Islands?
- The highest recorded value was 776,299 current US$ per square kilometre in 2023.
- What is the lowest general government final consumption expenditure (current us$), per recorded in Faroe Islands?
- The lowest recorded value was 195,895 current US$ per square kilometre in 2000.
- How does Faroe Islands rank for general government final consumption expenditure (current us$), per?
- Faroe Islands ranks 34th out of 184 countries with data for 2023.
- Is general government final consumption expenditure (current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is up 32.5%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
General government final consumption expenditure (current US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- General government final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
General government final consumption expenditure (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.