Faroe Islands — Government consumption
millions of LCU · Annual · 1998–2024 · 27 observations
About this series
Government final consumption expenditure is government spending on goods and services used to meet individual or collective needs, such as health, education, public order and defence. It is part of GDP and does not represent all government expenditure.
The latest government consumption reading for the Faroe Islands was 240.18M LCU in 2024. The previous reading was 174.35M LCU in 2023; the period change was +37.8%. The latest reading was above the selected 10-year average of 140.01M LCU. The corresponding ratio to GDP was 0.86% in 2024.
Get the full series
- Annual data, 1998–2024
- All 2 sources, downloadable
Latest observations
2015–2024
| Period | Value |
|---|---|
| 2024 | 240.18M LCU |
| 2023 | 174.35M LCU |
| 2022 | 119.03M LCU |
| 2021 | 102.63M LCU |
| 2020 | 105.10M LCU |
5 earlier values, back to 2015
| 2019 | 120.95M LCU |
| 2018 | 152.79M LCU |
| 2017 | 153.24M LCU |
| 2016 | 90.83M LCU |
| 2015 | 140.97M LCU |