General government final consumption expenditure (current US$), per in Faroe Islands
Faroe Islands: General government final consumption expenditure (current US$), per was 0.2786 current US$ per US$ of GDP in 2024. ▬ Flat
General government final consumption expenditure (current US$), per in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Faroe Islands recorded 0.2786 current US$ per US$ of GDP for general government final consumption expenditure (current us$), per in 2024.
That represents a change of up 3.3% on the previous year and down 3.5% over ten years.
Over the whole period, general government final consumption expenditure (current us$), per in Faroe Islands peaked at 0.3348 current US$ per US$ of GDP in 2009 and was at its lowest, 0.2517 current US$ per US$ of GDP, in 1998.
That places Faroe Islands 14th out of 187 countries with data for 2024, putting it in the top 10%.
General government final consumption expenditure (current US$), per in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.2517 current US$ per US$ of GDP | — |
| 1999 | 0.259 current US$ per US$ of GDP | +2.9% |
| 2000 | 0.2563 current US$ per US$ of GDP | -1.0% |
| 2001 | 0.2552 current US$ per US$ of GDP | -0.4% |
| 2002 | 0.2662 current US$ per US$ of GDP | +4.3% |
| 2003 | 0.2894 current US$ per US$ of GDP | +8.7% |
| 2004 | 0.2939 current US$ per US$ of GDP | +1.6% |
| 2005 | 0.3027 current US$ per US$ of GDP | +3.0% |
| 2006 | 0.2767 current US$ per US$ of GDP | -8.6% |
| 2007 | 0.2825 current US$ per US$ of GDP | +2.1% |
| 2008 | 0.3139 current US$ per US$ of GDP | +11.1% |
| 2009 | 0.3348 current US$ per US$ of GDP | +6.7% |
| 2010 | 0.3288 current US$ per US$ of GDP | -1.8% |
| 2011 | 0.326 current US$ per US$ of GDP | -0.9% |
| 2012 | 0.3175 current US$ per US$ of GDP | -2.6% |
| 2013 | 0.304 current US$ per US$ of GDP | -4.3% |
| 2014 | 0.2886 current US$ per US$ of GDP | -5.1% |
| 2015 | 0.2826 current US$ per US$ of GDP | -2.1% |
| 2016 | 0.2766 current US$ per US$ of GDP | -2.1% |
| 2017 | 0.2757 current US$ per US$ of GDP | -0.3% |
| 2018 | 0.2841 current US$ per US$ of GDP | +3.0% |
| 2019 | 0.2761 current US$ per US$ of GDP | -2.8% |
| 2020 | 0.2956 current US$ per US$ of GDP | +7.0% |
| 2021 | 0.2849 current US$ per US$ of GDP | -3.6% |
| 2022 | 0.2695 current US$ per US$ of GDP | -5.4% |
| 2023 | 0.2697 current US$ per US$ of GDP | +0.1% |
| 2024 | 0.2786 current US$ per US$ of GDP | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2553 current US$ per US$ of GDP | 0.2517 current US$ per US$ of GDP | 0.259 current US$ per US$ of GDP | 2 |
| 2000s | 0.2872 current US$ per US$ of GDP | 0.2552 current US$ per US$ of GDP | 0.3348 current US$ per US$ of GDP | 10 |
| 2010s | 0.296 current US$ per US$ of GDP | 0.2757 current US$ per US$ of GDP | 0.3288 current US$ per US$ of GDP | 10 |
| 2020s | 0.2796 current US$ per US$ of GDP | 0.2695 current US$ per US$ of GDP | 0.2956 current US$ per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 11 Libya 0.3227 current US$ per US$ of GDP compare
- 12 French Polynesia 0.3201 current US$ per US$ of GDP compare
- 13 Botswana 0.3148 current US$ per US$ of GDP compare
- 15 Guyana 0.2691 current US$ per US$ of GDP compare
- 16 Eritrea 0.2662 current US$ per US$ of GDP compare
- 17 Sweden 0.2643 current US$ per US$ of GDP 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 us$), per in Faroe Islands?
- General government final consumption expenditure (current us$), per in Faroe Islands was 0.2786 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (current us$), per recorded in Faroe Islands?
- The highest recorded value was 0.3348 current US$ per US$ of GDP in 2009.
- What is the lowest general government final consumption expenditure (current us$), per recorded in Faroe Islands?
- The lowest recorded value was 0.2517 current US$ per US$ of GDP in 1998.
- How does Faroe Islands rank for general government final consumption expenditure (current us$), per?
- Faroe Islands ranks 14th out of 187 countries with data for 2024.
- Is general government final consumption expenditure (current us$), per rising or falling in Faroe Islands?
- Over the last ten years it is down 3.5%. The long-run trend across the full record is flat.
- 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
General government final consumption expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
General government final consumption expenditure (current US$) ÷ GDP (current US$)
Computed from
- General government final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
General government final consumption expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.