Faroe Islands — Household consumption (USD)
millions of USD · 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. This series reports the amount in millions of US dollars.
In the Faroe Islands, the household consumption reading was 1.59B USD in 2024, compared with 1.64B USD in 2023. The period change was −2.85%. The latest reading was above the selected 10-year average of 1.42B USD. The corresponding ratio to GDP was 40.6% in 2024.
Get the full series
- Annual data, 1998–2024
- The underlying source, downloadable
Latest observations
2015–2024
| Period | Value |
|---|---|
| 2024 | 1.59B USD |
| 2023 | 1.64B USD |
| 2022 | 1.50B USD |
| 2021 | 1.50B USD |
| 2020 | 1.54B USD |
5 earlier values, back to 2015
| 2019 | 1.37B USD |
| 2018 | 1.33B USD |
| 2017 | 1.38B USD |
| 2016 | 1.23B USD |
| 2015 | 1.19B USD |