Gross national expenditure (current US$), per unit of GDP in Faroe Islands
Faroe Islands: Gross national expenditure (current US$), per unit of GDP was 0.9664 current US$ per US$ of GDP in 2024. ▼ Falling
Gross national expenditure (current US$), per unit of GDP in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Faroe Islands recorded 0.9664 current US$ per US$ of GDP for gross national expenditure (current us$), per unit of gdp in 2024.
The figure is down 2.3% on the previous year and down 2.7% over ten years.
Over the whole period, gross national expenditure (current us$), per unit of gdp in Faroe Islands peaked at 1.17 current US$ per US$ of GDP in 2005 and was at its lowest, 0.9451 current US$ per US$ of GDP, in 2017.
Faroe Islands ranks 132nd of 186 countries on this measure, 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 US$), per unit of GDP in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.9831 current US$ per US$ of GDP | — |
| 1999 | 1.03 current US$ per US$ of GDP | +4.7% |
| 2000 | 1.08 current US$ per US$ of GDP | +4.8% |
| 2001 | 1.02 current US$ per US$ of GDP | -5.7% |
| 2002 | 1 current US$ per US$ of GDP | -1.3% |
| 2003 | 1.15 current US$ per US$ of GDP | +14.1% |
| 2004 | 1.06 current US$ per US$ of GDP | -7.6% |
| 2005 | 1.17 current US$ per US$ of GDP | +10.2% |
| 2006 | 1.14 current US$ per US$ of GDP | -2.6% |
| 2007 | 1.15 current US$ per US$ of GDP | +1.3% |
| 2008 | 1.12 current US$ per US$ of GDP | -3.2% |
| 2009 | 1.1 current US$ per US$ of GDP | -1.8% |
| 2010 | 1.04 current US$ per US$ of GDP | -5.3% |
| 2011 | 1.01 current US$ per US$ of GDP | -2.7% |
| 2012 | 1.12 current US$ per US$ of GDP | +11.0% |
| 2013 | 1.03 current US$ per US$ of GDP | -7.9% |
| 2014 | 0.9931 current US$ per US$ of GDP | -3.7% |
| 2015 | 0.9918 current US$ per US$ of GDP | -0.1% |
| 2016 | 0.9548 current US$ per US$ of GDP | -3.7% |
| 2017 | 0.9451 current US$ per US$ of GDP | -1.0% |
| 2018 | 1.01 current US$ per US$ of GDP | +7.1% |
| 2019 | 0.9708 current US$ per US$ of GDP | -4.1% |
| 2020 | 1.01 current US$ per US$ of GDP | +4.4% |
| 2021 | 0.9953 current US$ per US$ of GDP | -1.8% |
| 2022 | 1 current US$ per US$ of GDP | +0.6% |
| 2023 | 0.9895 current US$ per US$ of GDP | -1.2% |
| 2024 | 0.9664 current US$ per US$ of GDP | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.01 current US$ per US$ of GDP | 0.9831 current US$ per US$ of GDP | 1.03 current US$ per US$ of GDP | 2 |
| 2000s | 1.1 current US$ per US$ of GDP | 1 current US$ per US$ of GDP | 1.17 current US$ per US$ of GDP | 10 |
| 2010s | 1.01 current US$ per US$ of GDP | 0.9451 current US$ per US$ of GDP | 1.12 current US$ per US$ of GDP | 10 |
| 2020s | 0.9932 current US$ per US$ of GDP | 0.9664 current US$ per US$ of GDP | 1.01 current US$ per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 129 China 0.9716 current US$ per US$ of GDP compare
- 130 Hong Kong, China 0.9713 current US$ per US$ of GDP compare
- 131 Poland 0.9713 current US$ per US$ of GDP compare
- 133 Ecuador 0.9648 current US$ per US$ of GDP compare
- 134 Russian Federation 0.9626 current US$ per US$ of GDP compare
- 135 Spain 0.9618 current US$ 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 us$), per unit of gdp in Faroe Islands?
- Gross national expenditure (current us$), per unit of gdp in Faroe Islands was 0.9664 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross national expenditure (current us$), per unit of gdp recorded in Faroe Islands?
- The highest recorded value was 1.17 current US$ per US$ of GDP in 2005.
- What is the lowest gross national expenditure (current us$), per unit of gdp recorded in Faroe Islands?
- The lowest recorded value was 0.9451 current US$ per US$ of GDP in 2017.
- How does Faroe Islands rank for gross national expenditure (current us$), per unit of gdp?
- Faroe Islands ranks 132nd out of 186 countries with data for 2024.
- Is gross national expenditure (current us$), per unit of gdp rising or falling in Faroe Islands?
- Over the last ten years it is down 2.7%. 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross national expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross national expenditure (current US$) ÷ GDP (current US$)
Computed from
- Gross national expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross national expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.