Households and NPISHs final consumption expenditure: linked series in Faroe Islands
Faroe Islands: Households and NPISHs final consumption expenditure: linked series was 2.8 current LCU per US$ of GDP in 2024. ▼ Falling
Households and NPISHs final consumption expenditure: linked series in Faroe Islands, 2008–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Faroe Islands recorded 2.8 current LCU per US$ of GDP for households and npishs final consumption expenditure: linked series in 2024.
That represents a change of up 0.1% on the previous year and up 2.4% over ten years.
Over the whole period, households and npishs final consumption expenditure: linked series in Faroe Islands peaked at 3.16 current LCU per US$ of GDP in 2015 and was at its lowest, 2.65 current LCU per US$ of GDP, in 2021.
That places Faroe Islands 110th out of 188 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling 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 US$ of GDP | Change |
|---|---|---|
| 2008 | 2.75 current LCU per US$ of GDP | — |
| 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 |
|---|---|---|---|---|
| 2000s | 2.95 current LCU per US$ of GDP | 2.75 current LCU per US$ of GDP | 3.14 current LCU per US$ of GDP | 2 |
| 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
- 107 Brazil 3.54 current LCU per US$ of GDP compare
- 108 Denmark 2.89 current LCU per US$ of GDP compare
- 109 China 2.88 current LCU per US$ of GDP compare
- 111 Romania 2.77 current LCU per US$ of GDP compare
- 112 Malaysia 2.64 current LCU per US$ of GDP compare
- 113 Papua New Guinea 2.6 current LCU per US$ of GDP
More economy & growth data for Faroe Islands
- Gross capital formation (current LCU), per unit of GDP 1.94 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), per unit of GDP 0.512 current US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 2.8 current LCU per US$ of GDP (2024)
- Imports of goods and services (current US$), annual growth rate -6.27 % change on previous year (2024)
- Gross capital formation (current LCU), per capita 144,061 current LCU per person (2024)
- Gross capital formation (current LCU), annual growth rate -7.66 % change on previous year (2024)
- Gross capital formation (current US$), 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)
- Imports of goods and services (current US$), per capita 37,975 current US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 207,672 current LCU per person (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 2.8 current LCU per US$ of GDP 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 3.16 current LCU per US$ of GDP in 2015.
- What is the lowest households and npishs final consumption expenditure: linked series 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: linked series?
- Faroe Islands ranks 110th 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 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: linked series (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Households and NPISHs final consumption expenditure: linked series (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Households and NPISHs final consumption expenditure: linked series (current LCU) ÷ GDP (current US$)
Computed from
- Households and NPISHs final consumption expenditure: linked series Staff estimates, World Bank (WB)
- 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: linked series (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.