Households and NPISHs Final consumption expenditure (current LCU) in Faroe Islands
Faroe Islands: Households and NPISHs Final consumption expenditure (current LCU) was 8.05 million current LCU per square kilometre in 2023. ▲ Rising
Households and NPISHs Final consumption expenditure (current LCU) in Faroe Islands, 1998–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
The most recent figure for households and npishs final consumption expenditure (current lcu) in Faroe Islands is 8.05 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 5.5% on the previous year and up 45.3% over ten years.
Over the whole period, households and npishs final consumption expenditure (current lcu) in Faroe Islands peaked at 8.05 million current LCU per square kilometre in 2023 and was at its lowest, 2.71 million current LCU per square kilometre, in 1998.
Faroe Islands ranks 92nd of 188 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.
Households and NPISHs Final consumption expenditure (current LCU) in Faroe Islands, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1998 | 2.71 million current LCU per square kilometre | — |
| 1999 | 3.01 million current LCU per square kilometre | +11.2% |
| 2000 | 3.18 million current LCU per square kilometre | +5.6% |
| 2001 | 3.47 million current LCU per square kilometre | +9.1% |
| 2002 | 3.65 million current LCU per square kilometre | +5.2% |
| 2003 | 3.85 million current LCU per square kilometre | +5.6% |
| 2004 | 4.17 million current LCU per square kilometre | +8.3% |
| 2005 | 4.88 million current LCU per square kilometre | +17.0% |
| 2006 | 4.94 million current LCU per square kilometre | +1.1% |
| 2007 | 5.00 million current LCU per square kilometre | +1.3% |
| 2008 | 4.91 million current LCU per square kilometre | -1.9% |
| 2009 | 5.16 million current LCU per square kilometre | +5.1% |
| 2010 | 4.82 million current LCU per square kilometre | -6.6% |
| 2011 | 5.02 million current LCU per square kilometre | +4.2% |
| 2012 | 5.44 million current LCU per square kilometre | +8.3% |
| 2013 | 5.54 million current LCU per square kilometre | +1.8% |
| 2014 | 5.70 million current LCU per square kilometre | +3.0% |
| 2015 | 5.82 million current LCU per square kilometre | +2.1% |
| 2016 | 6.19 million current LCU per square kilometre | +6.3% |
| 2017 | 6.13 million current LCU per square kilometre | -1.0% |
| 2018 | 6.22 million current LCU per square kilometre | +1.5% |
| 2019 | 6.53 million current LCU per square kilometre | +5.0% |
| 2020 | 6.82 million current LCU per square kilometre | +4.5% |
| 2021 | 7.16 million current LCU per square kilometre | +4.9% |
| 2022 | 7.63 million current LCU per square kilometre | +6.5% |
| 2023 | 8.05 million current LCU per square kilometre | +5.5% |
Faroe Islands compared with similar countries
- Faroe Islands's 8.05 million current LCU per square kilometre is above the median for high income countries, which is 6.18 million current LCU per square kilometre, 1.3× the median. (70 countries reporting)
- Faroe Islands's 8.05 million current LCU per square kilometre is above the median for Europe & Central Asia, which is 5.29 million current LCU per square kilometre, 1.5× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.86 million current LCU per square kilometre | 2.71 million current LCU per square kilometre | 3.01 million current LCU per square kilometre | 2 |
| 2000s | 4.32 million current LCU per square kilometre | 3.18 million current LCU per square kilometre | 5.16 million current LCU per square kilometre | 10 |
| 2010s | 5.74 million current LCU per square kilometre | 4.82 million current LCU per square kilometre | 6.53 million current LCU per square kilometre | 10 |
| 2020s | 7.42 million current LCU per square kilometre | 6.82 million current LCU per square kilometre | 8.05 million current LCU per square kilometre | 4 |
Countries ranked near Faroe Islands
- 89 Curacao 8.99 million current LCU per square kilometre compare
- 90 Bahrain 8.44 million current LCU per square kilometre compare
- 91 Egypt 8.06 million current LCU per square kilometre compare
- 93 Moldova 7.90 million current LCU per square kilometre compare
- 94 Guam 7.67 million current LCU per square kilometre compare
- 95 United Kingdom 7.06 million current LCU per square kilometre compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ 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$), per capita 40,467 current US$ per person (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ per US$ of GDP (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 8.05 million current LCU per square kilometre in 2023, 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 8.05 million current LCU per square kilometre in 2023.
- What is the lowest households and npishs final consumption expenditure (current lcu) recorded in Faroe Islands?
- The lowest recorded value was 2.71 million current LCU per square kilometre in 1998.
- How does Faroe Islands rank for households and npishs final consumption expenditure (current lcu)?
- Faroe Islands ranks 92nd out of 188 countries with data for 2023.
- Is households and npishs final consumption expenditure (current lcu) rising or falling in Faroe Islands?
- Over the last ten years it is up 45.3%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 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 Land area (sq. km), 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) ÷ Land area (sq. km)
Computed from
- Households and NPISHs Final consumption expenditure Country official statistics, National Statistical Offices (NSOs)
- 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
Households and NPISHs Final consumption 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.