Faroe Islands — Government consumption (% of GDP)
% of GDP · 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. This series expresses the aggregate as a percentage of GDP for the matching period.
The Faroe Islands' government consumption reading was 0.86% of GDP in 2024. The period change from 0.64% of GDP in 2023 was +0.22 percentage points. The latest reading was above the selected 10-year average of 0.63% of GDP.
Get the full series
- Annual data, 1998–2024
- The underlying source, downloadable
Latest observations
2015–2024
| Period | Value |
|---|---|
| 2024 | 0.86 % of GDP |
| 2023 | 0.64 % of GDP |
| 2022 | 0.47 % of GDP |
| 2021 | 0.44 % of GDP |
| 2020 | 0.49 % of GDP |
5 earlier values, back to 2015
| 2019 | 0.56 % of GDP |
| 2018 | 0.76 % of GDP |
| 2017 | 0.78 % of GDP |
| 2016 | 0.48 % of GDP |
| 2015 | 0.81 % of GDP |