Households and NPISHs Final consumption expenditure in Faroe Islands
Faroe Islands: Households and NPISHs Final consumption expenditure was 1.65 billion current US$ in 2024. ▲ Rising
Households and NPISHs Final consumption expenditure in Faroe Islands, 1998–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Faroe Islands recorded 1.65 billion current US$ for households and npishs final consumption expenditure in 2024. That is the highest value across all 27 years on record.
The figure is up 2.8% on the previous year and up 16.0% over ten years.
Over the whole period, households and npishs final consumption expenditure in Faroe Islands peaked at 1.65 billion current US$ in 2024 and was at its lowest, 548.82 million current US$, in 2000.
That places Faroe Islands 173rd out of 189 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 582.99 million current US$ | 563.68 million current US$ | 602.30 million current US$ | 2 |
| 2000s | 983.12 million current US$ | 548.82 million current US$ | 1.34 billion current US$ | 10 |
| 2010s | 1.31 billion current US$ | 1.20 billion current US$ | 1.42 billion current US$ | 10 |
| 2020s | 1.54 billion current US$ | 1.43 billion current US$ | 1.65 billion current US$ | 5 |
Countries ranked near Faroe Islands
- 170 Bhutan 1.80 billion current US$ compare
- 171 Burundi 1.72 billion current US$ compare
- 172 Seychelles 1.65 billion current US$ compare
- 174 Suriname 1.57 billion current US$ compare
- 175 East Timor 1.56 billion current US$ compare
- 176 Solomon Islands 1.30 billion current US$ compare
More economy & growth data for Faroe Islands
- Imports of goods and services 14.31 billion current LCU (2024)
- Gross capital formation 1.14 billion current US$ (2024)
- Gross capital formation 7.87 billion current LCU (2024)
- Gross capital formation 28.2% (2024)
- Imports of goods and services 2.07 billion current US$ (2024)
- External balance on goods and services 136.17 million current US$ (2024)
- External balance on goods and services 3.4% (2024)
- External balance on goods and services 938.80 million current LCU (2024)
- Exports of goods and services 54.6% (2024)
- Imports of goods and services 51.2% (2024)
Frequently asked questions
- What is households and npishs final consumption expenditure in Faroe Islands?
- Households and npishs final consumption expenditure in Faroe Islands was 1.65 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest households and npishs final consumption expenditure recorded in Faroe Islands?
- The highest recorded value was 1.65 billion current US$ in 2024.
- What is the lowest households and npishs final consumption expenditure recorded in Faroe Islands?
- The lowest recorded value was 548.82 million current US$ in 2000.
- How does Faroe Islands rank for households and npishs final consumption expenditure?
- Faroe Islands ranks 173rd out of 189 countries with data for 2024.
- Is households and npishs final consumption expenditure rising or falling in Faroe Islands?
- Over the last ten years it is up 16.0%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Households and NPISHs Final consumption expenditure (current US$). Statizoid updates them automatically from the source API.
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About this data
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. 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.