Faroe Islands vs Papua New Guinea: Final consumption expenditure
Final consumption expenditure over time
- Faroe Islands
- Papua New Guinea
How they compare
Faroe Islands currently reports 2.78 billion current US$ against 2.62 billion current US$ in Papua New Guinea, a difference of 153.53 million current US$.
That makes Faroe Islands's figure about 1.1 times Papua New Guinea's.
Across all 7 years both countries report, Papua New Guinea has been ahead every year.
Globally, Faroe Islands ranks 164th and Papua New Guinea ranks 167th 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 indicator is expressed in United States dollars.