Faroe Islands — Final consumption
millions of LCU · Annual · 1998–2024 · 27 observations
About this series
Final consumption expenditure is spending by households, nonprofit institutions serving households and government on goods and services for current use. It is a component of GDP.
In the Faroe Islands, the final consumption reading was 19.13B LCU in 2024, compared with 18.36B LCU in 2023. The period change was +4.23%. The latest reading was above the selected 10-year average of 15.73B LCU. The corresponding ratio to GDP was 68.5% in 2024.
Get the full series
- Annual data, 1998–2024
- All 2 sources, downloadable
Latest observations
2015–2024
| Period | Value |
|---|---|
| 2024 | 19.13B LCU |
| 2023 | 18.36B LCU |
| 2022 | 17.34B LCU |
| 2021 | 16.44B LCU |
| 2020 | 15.65B LCU |
5 earlier values, back to 2015
| 2019 | 15.13B LCU |
| 2018 | 14.40B LCU |
| 2017 | 13.98B LCU |
| 2016 | 13.88B LCU |
| 2015 | 13.02B LCU |