Faroe Islands — Government consumption (USD)
millions of USD · 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 reports the amount in millions of US dollars.
The Faroe Islands' government consumption reading was 33.62M USD in 2024. The period change from 25.85M USD in 2023 was +30.1%. The latest reading was above the selected 10-year average of 20.93M USD. The corresponding ratio to GDP was 0.86% in 2024.
Get the full series
- Annual data, 1998–2024
- The underlying source, downloadable
Latest observations
2015–2024
| Period | Value |
|---|---|
| 2024 | 33.62M USD |
| 2023 | 25.85M USD |
| 2022 | 17.07M USD |
| 2021 | 15.64M USD |
| 2020 | 17.35M USD |
5 earlier values, back to 2015
| 2019 | 18.12M USD |
| 2018 | 23.44M USD |
| 2017 | 24.68M USD |
| 2016 | 12.88M USD |
| 2015 | 20.64M USD |