Households and NPISHs Final consumption expenditure (current LCU) in Faroe Islands
Faroe Islands: Households and NPISHs Final consumption expenditure (current LCU) was 207,672 current LCU per person in 2024. ▲ Rising
Households and NPISHs Final consumption expenditure (current LCU) in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
Faroe Islands recorded 207,672 current LCU per person for households and npishs final consumption expenditure (current lcu) in 2024. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 2.4% on the previous year and up 26.3% over ten years.
Over the whole period, households and npishs final consumption expenditure (current lcu) in Faroe Islands peaked at 207,672 current LCU per person in 2024 and was at its lowest, 84,548 current LCU per person, in 1998.
Faroe Islands ranks 74th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Households and NPISHs Final consumption expenditure (current LCU) in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1998 | 84,548 current LCU per person | — |
| 1999 | 93,071 current LCU per person | +10.1% |
| 2000 | 96,958 current LCU per person | +4.2% |
| 2001 | 103,813 current LCU per person | +7.1% |
| 2002 | 107,565 current LCU per person | +3.6% |
| 2003 | 111,984 current LCU per person | +4.1% |
| 2004 | 120,414 current LCU per person | +7.5% |
| 2005 | 140,929 current LCU per person | +17.0% |
| 2006 | 142,613 current LCU per person | +1.2% |
| 2007 | 144,371 current LCU per person | +1.2% |
| 2008 | 141,181 current LCU per person | -2.2% |
| 2009 | 147,653 current LCU per person | +4.6% |
| 2010 | 138,359 current LCU per person | -6.3% |
| 2011 | 144,454 current LCU per person | +4.4% |
| 2012 | 157,308 current LCU per person | +8.9% |
| 2013 | 160,278 current LCU per person | +1.9% |
| 2014 | 164,448 current LCU per person | +2.6% |
| 2015 | 166,281 current LCU per person | +1.1% |
| 2016 | 174,814 current LCU per person | +5.1% |
| 2017 | 170,512 current LCU per person | -2.5% |
| 2018 | 170,257 current LCU per person | -0.1% |
| 2019 | 176,086 current LCU per person | +3.4% |
| 2020 | 177,373 current LCU per person | +0.7% |
| 2021 | 184,080 current LCU per person | +3.8% |
| 2022 | 193,846 current LCU per person | +5.3% |
| 2023 | 202,741 current LCU per person | +4.6% |
| 2024 | 207,672 current LCU per person | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 88,810 current LCU per person | 84,548 current LCU per person | 93,071 current LCU per person | 2 |
| 2000s | 125,748 current LCU per person | 96,958 current LCU per person | 147,653 current LCU per person | 10 |
| 2010s | 162,280 current LCU per person | 138,359 current LCU per person | 176,086 current LCU per person | 10 |
| 2020s | 193,142 current LCU per person | 177,373 current LCU per person | 207,672 current LCU per person | 5 |
Countries ranked near Faroe Islands
- 71 Kenya 235,074 current LCU per person compare
- 72 Bangladesh 226,708 current LCU per person compare
- 73 Denmark 222,467 current LCU per person compare
- 75 Seychelles 198,379 current LCU per person compare
- 76 Bhutan 190,323 current LCU per person compare
- 77 Mexico 187,655 current LCU per person compare
More economy & growth data for Faroe Islands
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (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)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
Frequently asked questions
- What is households and npishs final consumption expenditure (current lcu) in Faroe Islands?
- Households and npishs final consumption expenditure (current lcu) in Faroe Islands was 207,672 current LCU per person in 2024, according to Statizoid (derived).
- What is the highest households and npishs final consumption expenditure (current lcu) recorded in Faroe Islands?
- The highest recorded value was 207,672 current LCU per person in 2024.
- What is the lowest households and npishs final consumption expenditure (current lcu) recorded in Faroe Islands?
- The lowest recorded value was 84,548 current LCU per person in 1998.
- How does Faroe Islands rank for households and npishs final consumption expenditure (current lcu)?
- Faroe Islands ranks 74th out of 190 countries with data for 2024.
- Is households and npishs final consumption expenditure (current lcu) rising or falling in Faroe Islands?
- Over the last ten years it is up 26.3%. 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 Households and NPISHs Final consumption expenditure (current LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Households and NPISHs Final consumption expenditure (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Households and NPISHs Final consumption expenditure (current LCU) ÷ Population, total
Computed from
- Households and NPISHs Final consumption expenditure Country official statistics, National Statistical Offices (NSOs)
- Population, total World Population Prospects, United Nations (UN)
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
Households and NPISHs Final consumption expenditure (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.