Households and NPISHs Final consumption expenditure (current LCU) in Faroe Islands
Faroe Islands: Households and NPISHs Final consumption expenditure (current LCU) was 2.8 current LCU per US$ of GDP in 2024. ▼ Falling
Households and NPISHs Final consumption expenditure (current LCU) in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2024, households and npishs final consumption expenditure (current lcu) in Faroe Islands stood at 2.8 current LCU per US$ of GDP.
Compared with earlier readings it is up 0.1% on the previous year and up 2.4% over ten years.
Over the whole period, households and npishs final consumption expenditure (current lcu) in Faroe Islands peaked at 4.17 current LCU per US$ of GDP in 2001 and was at its lowest, 2.65 current LCU per US$ of GDP, in 2021.
Faroe Islands ranks 111th of 190 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.
Households and NPISHs Final consumption expenditure (current LCU) in Faroe Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1998 | 3.42 current LCU per US$ of GDP | — |
| 1999 | 3.73 current LCU per US$ of GDP | +9.0% |
| 2000 | 4.16 current LCU per US$ of GDP | +11.6% |
| 2001 | 4.17 current LCU per US$ of GDP | +0.4% |
| 2002 | 3.99 current LCU per US$ of GDP | -4.3% |
| 2003 | 3.58 current LCU per US$ of GDP | -10.3% |
| 2004 | 3.38 current LCU per US$ of GDP | -5.7% |
| 2005 | 3.87 current LCU per US$ of GDP | +14.7% |
| 2006 | 3.42 current LCU per US$ of GDP | -11.8% |
| 2007 | 2.99 current LCU per US$ of GDP | -12.6% |
| 2008 | 2.75 current LCU per US$ of GDP | -7.8% |
| 2009 | 3.14 current LCU per US$ of GDP | +14.0% |
| 2010 | 2.89 current LCU per US$ of GDP | -8.0% |
| 2011 | 2.8 current LCU per US$ of GDP | -3.1% |
| 2012 | 3.13 current LCU per US$ of GDP | +11.8% |
| 2013 | 2.87 current LCU per US$ of GDP | -8.2% |
| 2014 | 2.73 current LCU per US$ of GDP | -4.9% |
| 2015 | 3.16 current LCU per US$ of GDP | +15.6% |
| 2016 | 3.07 current LCU per US$ of GDP | -2.7% |
| 2017 | 2.87 current LCU per US$ of GDP | -6.6% |
| 2018 | 2.72 current LCU per US$ of GDP | -5.2% |
| 2019 | 2.79 current LCU per US$ of GDP | +2.5% |
| 2020 | 2.85 current LCU per US$ of GDP | +2.1% |
| 2021 | 2.65 current LCU per US$ of GDP | -6.9% |
| 2022 | 2.89 current LCU per US$ of GDP | +9.0% |
| 2023 | 2.8 current LCU per US$ of GDP | -3.2% |
| 2024 | 2.8 current LCU per US$ of GDP | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.57 current LCU per US$ of GDP | 3.42 current LCU per US$ of GDP | 3.73 current LCU per US$ of GDP | 2 |
| 2000s | 3.54 current LCU per US$ of GDP | 2.75 current LCU per US$ of GDP | 4.17 current LCU per US$ of GDP | 10 |
| 2010s | 2.9 current LCU per US$ of GDP | 2.72 current LCU per US$ of GDP | 3.16 current LCU per US$ of GDP | 10 |
| 2020s | 2.8 current LCU per US$ of GDP | 2.65 current LCU per US$ of GDP | 2.89 current LCU per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 108 Brazil 3.54 current LCU per US$ of GDP compare
- 109 Denmark 2.89 current LCU per US$ of GDP compare
- 110 China 2.88 current LCU per US$ of GDP compare
- 112 Romania 2.77 current LCU per US$ of GDP compare
- 113 Malaysia 2.64 current LCU per US$ of GDP compare
- 114 Macau, China 2.42 current LCU per US$ of GDP 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 2.8 current LCU per US$ of GDP 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 4.17 current LCU per US$ of GDP in 2001.
- What is the lowest households and npishs final consumption expenditure (current lcu) recorded in Faroe Islands?
- The lowest recorded value was 2.65 current LCU per US$ of GDP in 2021.
- How does Faroe Islands rank for households and npishs final consumption expenditure (current lcu)?
- Faroe Islands ranks 111th 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 2.4%. 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 Households and NPISHs Final consumption expenditure (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Households and NPISHs Final consumption expenditure (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Households and NPISHs Final consumption expenditure (current LCU) ÷ GDP (current US$)
Computed from
- Households and NPISHs Final consumption expenditure Country official statistics, National Statistical Offices (NSOs)
- 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
Households and NPISHs Final consumption 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.