Faroe Islands — Household consumption
millions of LCU · Annual · 1998–2024 · 27 observations
About this series
Household final consumption expenditure records spending by households and nonprofit institutions serving households on goods and services for current use. It is a component of GDP.
In the Faroe Islands, the household consumption reading was 11.35B LCU in 2024, compared with 11.03B LCU in 2023. The period change was +2.89%. The latest reading was above the selected 10-year average of 9.51B LCU. The corresponding ratio to GDP was 40.6% in 2024.
Get the full series
- Annual data, 1998–2024
- All 2 sources, downloadable
Latest observations
2015–2024
| Period | Value |
|---|---|
| 2024 | 11.35B LCU |
| 2023 | 11.03B LCU |
| 2022 | 10.45B LCU |
| 2021 | 9.81B LCU |
| 2020 | 9.32B LCU |
5 earlier values, back to 2015
| 2019 | 9.12B LCU |
| 2018 | 8.68B LCU |
| 2017 | 8.56B LCU |
| 2016 | 8.65B LCU |
| 2015 | 8.13B LCU |