Faroe Islands — Final consumption (USD)
millions of USD · 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. This series reports the amount in millions of US dollars.
In the Faroe Islands, the final consumption reading was 2.68B USD in 2024, compared with 2.72B USD in 2023. The period change was −1.58%. The latest reading was above the selected 10-year average of 2.36B USD. The corresponding ratio to GDP was 68.5% in 2024.
Get the full series
- Annual data, 1998–2024
- The underlying source, downloadable
Latest observations
2015–2024
| Period | Value |
|---|---|
| 2024 | 2.68B USD |
| 2023 | 2.72B USD |
| 2022 | 2.49B USD |
| 2021 | 2.50B USD |
| 2020 | 2.58B USD |
5 earlier values, back to 2015
| 2019 | 2.27B USD |
| 2018 | 2.21B USD |
| 2017 | 2.25B USD |
| 2016 | 1.97B USD |
| 2015 | 1.91B USD |