Gross national expenditure (current LCU), per square kilometre in Faroe Islands
Faroe Islands: Gross national expenditure (current LCU), per square kilometre was 19.62 million current LCU per square kilometre in 2023. ▲ Rising
Gross national expenditure (current LCU), per square kilometre in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
The most recent figure for gross national expenditure (current lcu), per square kilometre in Faroe Islands is 19.62 million current LCU per square kilometre, measured in 2023. That is the highest value across all 26 years on record.
That represents a change of up 5.0% on the previous year and up 75.7% over ten years.
Over the whole period, gross national expenditure (current lcu), per square kilometre in Faroe Islands peaked at 19.62 million current LCU per square kilometre in 2023 and was at its lowest, 5.21 million current LCU per square kilometre, in 1998.
Faroe Islands ranks 78th of 183 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Gross national expenditure (current LCU), per square kilometre in Faroe Islands, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1998 | 5.21 million current LCU per square kilometre | — |
| 1999 | 5.80 million current LCU per square kilometre | +11.3% |
| 2000 | 6.67 million current LCU per square kilometre | +14.9% |
| 2001 | 7.04 million current LCU per square kilometre | +5.6% |
| 2002 | 7.25 million current LCU per square kilometre | +2.9% |
| 2003 | 8.13 million current LCU per square kilometre | +12.2% |
| 2004 | 7.85 million current LCU per square kilometre | -3.5% |
| 2005 | 8.83 million current LCU per square kilometre | +12.6% |
| 2006 | 9.78 million current LCU per square kilometre | +10.7% |
| 2007 | 10.51 million current LCU per square kilometre | +7.5% |
| 2008 | 10.14 million current LCU per square kilometre | -3.5% |
| 2009 | 9.66 million current LCU per square kilometre | -4.8% |
| 2010 | 9.75 million current LCU per square kilometre | +0.9% |
| 2011 | 9.73 million current LCU per square kilometre | -0.1% |
| 2012 | 11.28 million current LCU per square kilometre | +16.0% |
| 2013 | 11.17 million current LCU per square kilometre | -1.0% |
| 2014 | 11.64 million current LCU per square kilometre | +4.2% |
| 2015 | 12.30 million current LCU per square kilometre | +5.7% |
| 2016 | 12.95 million current LCU per square kilometre | +5.3% |
| 2017 | 13.32 million current LCU per square kilometre | +2.8% |
| 2018 | 14.60 million current LCU per square kilometre | +9.6% |
| 2019 | 15.15 million current LCU per square kilometre | +3.8% |
| 2020 | 15.88 million current LCU per square kilometre | +4.8% |
| 2021 | 16.90 million current LCU per square kilometre | +6.4% |
| 2022 | 18.69 million current LCU per square kilometre | +10.6% |
| 2023 | 19.62 million current LCU per square kilometre | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.51 million current LCU per square kilometre | 5.21 million current LCU per square kilometre | 5.80 million current LCU per square kilometre | 2 |
| 2000s | 8.59 million current LCU per square kilometre | 6.67 million current LCU per square kilometre | 10.51 million current LCU per square kilometre | 10 |
| 2010s | 12.19 million current LCU per square kilometre | 9.73 million current LCU per square kilometre | 15.15 million current LCU per square kilometre | 10 |
| 2020s | 17.77 million current LCU per square kilometre | 15.88 million current LCU per square kilometre | 19.62 million current LCU per square kilometre | 4 |
Countries ranked near Faroe Islands
- 75 Luxembourg 21.63 million current LCU per square kilometre compare
- 76 San Marino 21.56 million current LCU per square kilometre compare
- 77 Belgium 19.81 million current LCU per square kilometre compare
- 79 Sao Tome and Principe 19.45 million current LCU per square kilometre compare
- 80 Switzerland 18.81 million current LCU per square kilometre compare
- 81 Gambia 18.72 million current LCU per square kilometre compare
More economy & growth data for Faroe Islands
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate -6.2 % change on previous year (2024)
- Manufacturing, value added (current US$), per unit of GDP 0.0946 current US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross national expenditure (current lcu), per square kilometre in Faroe Islands?
- Gross national expenditure (current lcu), per square kilometre in Faroe Islands was 19.62 million current LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross national expenditure (current lcu), per square kilometre recorded in Faroe Islands?
- The highest recorded value was 19.62 million current LCU per square kilometre in 2023.
- What is the lowest gross national expenditure (current lcu), per square kilometre recorded in Faroe Islands?
- The lowest recorded value was 5.21 million current LCU per square kilometre in 1998.
- How does Faroe Islands rank for gross national expenditure (current lcu), per square kilometre?
- Faroe Islands ranks 78th out of 183 countries with data for 2023.
- Is gross national expenditure (current lcu), per square kilometre rising or falling in Faroe Islands?
- Over the last ten years it is up 75.7%. 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 Gross national expenditure (current LCU), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross national expenditure (current LCU) 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.
Gross national expenditure (current LCU) ÷ Land area (sq. km)
Computed from
- Gross national 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
Gross national expenditure (current LCU) 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.