Faroe Islands — Household consumption (USD)
millions of USD · 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 reports the amount in millions of US dollars.
In the Faroe Islands, the household consumption reading was 1.78B USD in 2025, compared with 1.63B USD in 2024. The period change was +8.96%. The latest reading was above the selected 10-year average of 1.48B USD. The corresponding ratio to GDP was 39.9% in 2025.
Get the full series
- Annual data, 1998–2025
- The underlying source, downloadable
Latest observations
2016–2025
| Period | Value |
|---|---|
| 2025 | 1.78B USD |
| 2024 | 1.63B USD |
| 2023 | 1.59B USD |
| 2022 | 1.47B USD |
| 2021 | 1.56B USD |
5 earlier values, back to 2016
| 2020 | 1.43B USD |
| 2019 | 1.37B USD |
| 2018 | 1.37B USD |
| 2017 | 1.30B USD |
| 2016 | 1.28B USD |