Households and NPISHs final consumption expenditure: linked series in Faroe Islands
Faroe Islands: Households and NPISHs final consumption expenditure: linked series was 207,672 current LCU per person in 2024. ▲ Rising
Households and NPISHs final consumption expenditure: linked series in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
In 2024, households and npishs final consumption expenditure: linked series in Faroe Islands stood at 207,672 current LCU per person. That is the highest value across all 17 years on record.
That represents a change of up 2.4% on the previous year and up 26.3% over ten years.
Over the whole period, households and npishs final consumption expenditure: linked series in Faroe Islands peaked at 207,672 current LCU per person in 2024 and was at its lowest, 138,359 current LCU per person, in 2010.
Faroe Islands ranks 74th of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Households and NPISHs final consumption expenditure: linked series in Faroe Islands, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 2008 | 141,181 current LCU per person | — |
| 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% |
Faroe Islands compared with similar countries
- Faroe Islands's 207,672 current LCU per person is above the median for high income countries, which is 31,973 current LCU per person, 6.5× the median. (69 countries reporting)
- Faroe Islands's 207,672 current LCU per person is above the median for Europe & Central Asia, which is 28,304 current LCU per person, 7.3× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 144,417 current LCU per person | 141,181 current LCU per person | 147,653 current LCU per person | 2 |
| 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
- 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 207,672 current LCU per person 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 207,672 current LCU per person in 2024.
- What is the lowest households and npishs final consumption expenditure: linked series recorded in Faroe Islands?
- The lowest recorded value was 138,359 current LCU per person in 2010.
- How does Faroe Islands rank for households and npishs final consumption expenditure: linked series?
- Faroe Islands ranks 74th out of 188 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 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: linked series (current LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 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: linked series (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: linked series (current LCU) ÷ Population, total
Computed from
- Households and NPISHs final consumption expenditure: linked series Staff estimates, World Bank (WB)
- 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: linked series (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.