Faroe Islands — Final consumption (% of GDP)
% of GDP · Annual · 1998–2025 · 28 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. This series expresses the aggregate as a percentage of GDP for the matching period.
The final consumption reading for the Faroe Islands was 68.3% of GDP in 2025. The previous reading was 68.5% of GDP in 2024; the period change was −0.19 percentage points. Relative to the selected 10-year average of 70.1% of GDP, the latest reading was below.
Get the full series
- Annual data, 1998–2025
- All 2 sources, downloadable
Latest observations
2016–2025
| Period | Value |
|---|---|
| 2025 | 68.3 % of GDP |
| 2024 | 68.5 % of GDP |
| 2023 | 67.6 % of GDP |
| 2022 | 67.8 % of GDP |
| 2021 | 70.7 % of GDP |
5 earlier values, back to 2016
| 2020 | 73.1 % of GDP |
| 2019 | 69.5 % of GDP |
| 2018 | 71.5 % of GDP |
| 2017 | 71 % of GDP |
| 2016 | 73.3 % of GDP |