Faroe Islands vs Oman: Final consumption expenditure
Final consumption expenditure over time
- Faroe Islands
- Oman
How they compare
Oman currently reports 23.83 billion current LCU against 19.13 billion current LCU in Faroe Islands, a difference of 4.70 billion current LCU.
That makes Oman's figure about 1.2 times Faroe Islands's.
The two have swapped places 1 time across 27 shared years of data; in 1998 it was Faroe Islands ahead.
Globally, Faroe Islands ranks 162nd and Oman ranks 159th of 187 countries.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.