Gross national expenditure (current LCU), per unit of GDP in Faroe Islands
Faroe Islands: Gross national expenditure (current LCU), per unit of GDP was 6.66 current LCU per US$ of GDP in 2024. ▼ Falling
Gross national expenditure (current LCU), per unit of GDP in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2024, gross national expenditure (current lcu), per unit of gdp in Faroe Islands stood at 6.66 current LCU per US$ of GDP.
Compared with earlier readings it is down 2.3% on the previous year and up 19.5% over ten years.
Over the whole period, gross national expenditure (current lcu), per unit of gdp in Faroe Islands peaked at 8.72 current LCU per US$ of GDP in 2000 and was at its lowest, 5.42 current LCU per US$ of GDP, in 2011.
That places Faroe Islands 109th out of 186 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Gross national expenditure (current LCU), per unit of GDP in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1998 | 6.59 current LCU per US$ of GDP | — |
| 1999 | 7.18 current LCU per US$ of GDP | +9.0% |
| 2000 | 8.72 current LCU per US$ of GDP | +21.4% |
| 2001 | 8.47 current LCU per US$ of GDP | -2.9% |
| 2002 | 7.93 current LCU per US$ of GDP | -6.3% |
| 2003 | 7.56 current LCU per US$ of GDP | -4.8% |
| 2004 | 6.35 current LCU per US$ of GDP | -16.0% |
| 2005 | 7.01 current LCU per US$ of GDP | +10.4% |
| 2006 | 6.77 current LCU per US$ of GDP | -3.4% |
| 2007 | 6.27 current LCU per US$ of GDP | -7.3% |
| 2008 | 5.69 current LCU per US$ of GDP | -9.4% |
| 2009 | 5.87 current LCU per US$ of GDP | +3.3% |
| 2010 | 5.83 current LCU per US$ of GDP | -0.7% |
| 2011 | 5.42 current LCU per US$ of GDP | -7.1% |
| 2012 | 6.49 current LCU per US$ of GDP | +19.7% |
| 2013 | 5.79 current LCU per US$ of GDP | -10.7% |
| 2014 | 5.57 current LCU per US$ of GDP | -3.8% |
| 2015 | 6.67 current LCU per US$ of GDP | +19.7% |
| 2016 | 6.43 current LCU per US$ of GDP | -3.7% |
| 2017 | 6.24 current LCU per US$ of GDP | -2.9% |
| 2018 | 6.39 current LCU per US$ of GDP | +2.4% |
| 2019 | 6.47 current LCU per US$ of GDP | +1.3% |
| 2020 | 6.63 current LCU per US$ of GDP | +2.4% |
| 2021 | 6.26 current LCU per US$ of GDP | -5.6% |
| 2022 | 7.08 current LCU per US$ of GDP | +13.2% |
| 2023 | 6.82 current LCU per US$ of GDP | -3.8% |
| 2024 | 6.66 current LCU per US$ of GDP | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.89 current LCU per US$ of GDP | 6.59 current LCU per US$ of GDP | 7.18 current LCU per US$ of GDP | 2 |
| 2000s | 7.06 current LCU per US$ of GDP | 5.69 current LCU per US$ of GDP | 8.72 current LCU per US$ of GDP | 10 |
| 2010s | 6.13 current LCU per US$ of GDP | 5.42 current LCU per US$ of GDP | 6.67 current LCU per US$ of GDP | 10 |
| 2020s | 6.69 current LCU per US$ of GDP | 6.26 current LCU per US$ of GDP | 7.08 current LCU per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 106 Hong Kong, China 7.57 current LCU per US$ of GDP compare
- 107 Bolivia, Plurinational State of 7.19 current LCU per US$ of GDP compare
- 108 China 6.99 current LCU per US$ of GDP compare
- 110 Denmark 5.89 current LCU per US$ of GDP compare
- 111 Brazil 5.57 current LCU per US$ of GDP compare
- 112 Romania 4.71 current LCU per US$ of GDP compare
More economy & growth data for Faroe Islands
- Imports of goods and services (current LCU), per capita 261,819 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 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)
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (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 unit of gdp in Faroe Islands?
- Gross national expenditure (current lcu), per unit of gdp in Faroe Islands was 6.66 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross national expenditure (current lcu), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 8.72 current LCU per US$ of GDP in 2000.
- What is the lowest gross national expenditure (current lcu), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 5.42 current LCU per US$ of GDP in 2011.
- How does Faroe Islands rank for gross national expenditure (current lcu), per unit of gdp?
- Faroe Islands ranks 109th out of 186 countries with data for 2024.
- Is gross national expenditure (current lcu), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is up 19.5%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross national expenditure (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross national expenditure (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross national expenditure (current LCU) ÷ GDP (current US$)
Computed from
- Gross national 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
Gross national expenditure (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.