Faroe Islands — Household consumption (% of GDP)
% of GDP · Annual · 1998–2025 · 28 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. This series expresses the aggregate as a percentage of GDP for the matching period.
The Faroe Islands' household consumption reading was 39.9% of GDP in 2025. The period change from 40.3% of GDP in 2024 was −0.35 percentage points. The latest reading was below the selected 10-year average of 42.1% of GDP.
Get the full series
- Annual data, 1998–2025
- The underlying source, downloadable
Latest observations
2016–2025
| Period | Value |
|---|---|
| 2025 | 39.9 % of GDP |
| 2024 | 40.3 % of GDP |
| 2023 | 40.2 % of GDP |
| 2022 | 40.7 % of GDP |
| 2021 | 42.2 % of GDP |
5 earlier values, back to 2016
| 2020 | 43.6 % of GDP |
| 2019 | 41.9 % of GDP |
| 2018 | 43.1 % of GDP |
| 2017 | 43.5 % of GDP |
| 2016 | 45.7 % of GDP |