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World Bank · Economy

Faroe Islands: Final consumption expenditure (% of GDP)

68.47percent · 2024-11.7% since 2014

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period. Annual figures for Faroe Islands from 1998 to 2024.

19982024

Every year

YearValue (percent)Note
202468.47
202367.568
202267.791
202170.661
202073.111
201969.47
201871.527
201771.049
201673.316
201575.21
201477.556
201381.581
201285.781
201184.72
201084.216
200992.004
200885.38
200783.1
200685.123
200594.854
200485.777
200383.307
200277.204
200175.657
200077.058
199979.306
199876.191

Source

Published by World Bank, produced by OECD, World Bank. Licence: CC BY 4.0. Retrieved 2026-11-07.

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Cite or download

World Bank (2026). Final consumption expenditure (% of GDP). Interva. https://interva.co/dataset/worldbank-final-consumption-expenditure-zs (accessed 2026-11-08). catalog snapshot 2026-11-07.

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Faroe Islands: Final consumption expenditure (% of GDP) (1998–2024) · Interva