Households and NPISHs final consumption expenditure: linked series in Faroe Islands
Faroe Islands: Households and NPISHs final consumption expenditure: linked series was 2.89 % change on previous year in 2024. ◆ Volatile
Households and NPISHs final consumption expenditure: linked series in Faroe Islands, 2009–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for households and npishs final consumption expenditure: linked series in Faroe Islands is 2.89 % change on previous year, measured in 2024.
The figure is down 48.0% on the previous year and down 3.4% over ten years.
Over the whole period, households and npishs final consumption expenditure: linked series in Faroe Islands peaked at 8.33 % change on previous year in 2012 and was at its lowest, -6.55 % change on previous year, in 2010.
That places Faroe Islands 164th out of 186 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Households and NPISHs final consumption expenditure: linked series in Faroe Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2009 | 5.11 % change on previous year | — |
| 2010 | -6.55 % change on previous year | -228.3% |
| 2011 | 4.16 % change on previous year | -163.5% |
| 2012 | 8.33 % change on previous year | +100.3% |
| 2013 | 1.79 % change on previous year | -78.5% |
| 2014 | 2.99 % change on previous year | +66.7% |
| 2015 | 2.1 % change on previous year | -29.8% |
| 2016 | 6.35 % change on previous year | +202.5% |
| 2017 | -1.05 % change on previous year | -116.5% |
| 2018 | 1.48 % change on previous year | -240.9% |
| 2019 | 5.03 % change on previous year | +240.3% |
| 2020 | 2.23 % change on previous year | -55.7% |
| 2021 | 5.22 % change on previous year | +134.2% |
| 2022 | 6.51 % change on previous year | +24.7% |
| 2023 | 5.55 % change on previous year | -14.8% |
| 2024 | 2.89 % change on previous year | -48.0% |
Faroe Islands compared with similar countries
- Faroe Islands's 2.89 % change on previous year is below the median for high income countries, which is 4.57 % change on previous year, 63% of the median. (69 countries reporting)
- Faroe Islands's 2.89 % change on previous year is below the median for Europe & Central Asia, which is 6.04 % change on previous year, 48% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.11 % change on previous year | 5.11 % change on previous year | 5.11 % change on previous year | 1 |
| 2010s | 2.46 % change on previous year | -6.55 % change on previous year | 8.33 % change on previous year | 10 |
| 2020s | 4.48 % change on previous year | 2.23 % change on previous year | 6.51 % change on previous year | 5 |
Countries ranked near Faroe Islands
- 161 South Korea 3.17 % change on previous year compare
- 162 American Samoa 3.16 % change on previous year compare
- 163 Estonia 2.99 % change on previous year compare
- 165 Hong Kong 2.87 % change on previous year compare
- 166 Thailand 2.65 % change on previous year compare
- 167 New Zealand 2.59 % change on previous year 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: linked series in Faroe Islands?
- Households and npishs final consumption expenditure: linked series in Faroe Islands was 2.89 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest households and npishs final consumption expenditure: linked series recorded in Faroe Islands?
- The highest recorded value was 8.33 % change on previous year in 2012.
- What is the lowest households and npishs final consumption expenditure: linked series recorded in Faroe Islands?
- The lowest recorded value was -6.55 % change on previous year in 2010.
- How does Faroe Islands rank for households and npishs final consumption expenditure: linked series?
- Faroe Islands ranks 164th out of 186 countries with data for 2024.
- Is households and npishs final consumption expenditure: linked series rising or falling in Faroe Islands?
- Over the last ten years it is down 3.4%. The long-run trend across the full record is volatile.
- Where does this Faroe Islands data come from?
- The figures come from Statizoid (derived), published as part of Households and NPISHs final consumption expenditure: linked series (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Households and NPISHs final consumption expenditure: linked series (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Households and NPISHs final consumption expenditure: linked series Staff estimates, World Bank (WB)
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
The year-on-year percentage change in Households and NPISHs final consumption expenditure: linked series (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.