Households and NPISHs Final consumption expenditure (current US$) in Faroe Islands
Faroe Islands: Households and NPISHs Final consumption expenditure (current US$) was 0.4061 current US$ per US$ of GDP in 2024. ▼ Falling
Households and NPISHs Final consumption expenditure (current US$) in Faroe Islands, 1998–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Faroe Islands recorded 0.4061 current US$ per US$ of GDP for households and npishs final consumption expenditure (current us$) in 2024.
The figure is down 16.6% over ten years.
Over the whole period, households and npishs final consumption expenditure (current us$) in Faroe Islands peaked at 0.6458 current US$ per US$ of GDP in 2005 and was at its lowest, 0.406 current US$ per US$ of GDP, in 2023.
Faroe Islands ranks 174th of 190 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Households and NPISHs Final consumption expenditure (current US$) in Faroe Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 0.5102 current US$ per US$ of GDP | — |
| 1999 | 0.5341 current US$ per US$ of GDP | +4.7% |
| 2000 | 0.5143 current US$ per US$ of GDP | -3.7% |
| 2001 | 0.5013 current US$ per US$ of GDP | -2.5% |
| 2002 | 0.5058 current US$ per US$ of GDP | +0.9% |
| 2003 | 0.5436 current US$ per US$ of GDP | +7.5% |
| 2004 | 0.5638 current US$ per US$ of GDP | +3.7% |
| 2005 | 0.6458 current US$ per US$ of GDP | +14.5% |
| 2006 | 0.5745 current US$ per US$ of GDP | -11.0% |
| 2007 | 0.5485 current US$ per US$ of GDP | -4.5% |
| 2008 | 0.5399 current US$ per US$ of GDP | -1.6% |
| 2009 | 0.5853 current US$ per US$ of GDP | +8.4% |
| 2010 | 0.5133 current US$ per US$ of GDP | -12.3% |
| 2011 | 0.5212 current US$ per US$ of GDP | +1.5% |
| 2012 | 0.5403 current US$ per US$ of GDP | +3.7% |
| 2013 | 0.5118 current US$ per US$ of GDP | -5.3% |
| 2014 | 0.4869 current US$ per US$ of GDP | -4.9% |
| 2015 | 0.4695 current US$ per US$ of GDP | -3.6% |
| 2016 | 0.4566 current US$ per US$ of GDP | -2.8% |
| 2017 | 0.4348 current US$ per US$ of GDP | -4.8% |
| 2018 | 0.4312 current US$ per US$ of GDP | -0.8% |
| 2019 | 0.4186 current US$ per US$ of GDP | -2.9% |
| 2020 | 0.4356 current US$ per US$ of GDP | +4.0% |
| 2021 | 0.4218 current US$ per US$ of GDP | -3.2% |
| 2022 | 0.4084 current US$ per US$ of GDP | -3.2% |
| 2023 | 0.406 current US$ per US$ of GDP | -0.6% |
| 2024 | 0.4061 current US$ per US$ of GDP | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5222 current US$ per US$ of GDP | 0.5102 current US$ per US$ of GDP | 0.5341 current US$ per US$ of GDP | 2 |
| 2000s | 0.5523 current US$ per US$ of GDP | 0.5013 current US$ per US$ of GDP | 0.6458 current US$ per US$ of GDP | 10 |
| 2010s | 0.4784 current US$ per US$ of GDP | 0.4186 current US$ per US$ of GDP | 0.5403 current US$ per US$ of GDP | 10 |
| 2020s | 0.4156 current US$ per US$ of GDP | 0.406 current US$ per US$ of GDP | 0.4356 current US$ per US$ of GDP | 5 |
Countries ranked near Faroe Islands
- 171 Norway 0.4253 current US$ per US$ of GDP compare
- 172 Algeria 0.4176 current US$ per US$ of GDP compare
- 173 Kuwait 0.4158 current US$ per US$ of GDP compare
- 175 China 0.3997 current US$ per US$ of GDP compare
- 176 Bahrain 0.3985 current US$ per US$ of GDP compare
- 177 Oman 0.3913 current US$ per US$ of GDP compare
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Gross capital formation (current US$), per unit of GDP 0.2817 current US$ 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$), annual growth rate -1.96 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 494,217 current LCU per person (2024)
- Gross capital formation (current US$), per capita 20,895 current US$ per person (2024)
Frequently asked questions
- What is households and npishs final consumption expenditure (current us$) in Faroe Islands?
- Households and npishs final consumption expenditure (current us$) in Faroe Islands was 0.4061 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest households and npishs final consumption expenditure (current us$) recorded in Faroe Islands?
- The highest recorded value was 0.6458 current US$ per US$ of GDP in 2005.
- What is the lowest households and npishs final consumption expenditure (current us$) recorded in Faroe Islands?
- The lowest recorded value was 0.406 current US$ per US$ of GDP in 2023.
- How does Faroe Islands rank for households and npishs final consumption expenditure (current us$)?
- Faroe Islands ranks 174th out of 190 countries with data for 2024.
- Is households and npishs final consumption expenditure (current us$) rising or falling in Faroe Islands?
- Over the last ten years it is down 16.6%. 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Households and NPISHs Final consumption expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Households and NPISHs Final consumption expenditure (current US$) ÷ GDP (current US$)
Computed from
- Households and NPISHs Final consumption expenditure Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Households and NPISHs Final consumption expenditure (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.