Faroe Islands - General government final consumption expenditure
General government final consumption expenditure (current US$)
The latest value for General government final consumption expenditure (current US$) in Faroe Islands was $888,610,700 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $898,758,500 in 2018 and $273,360,500 in 2000.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | $277,310,200 |
| 1999 | $289,799,600 |
| 2000 | $273,360,500 |
| 2001 | $293,855,400 |
| 2002 | $338,936,300 |
| 2003 | $437,724,900 |
| 2004 | $507,653,000 |
| 2005 | $534,242,700 |
| 2006 | $564,421,200 |
| 2007 | $666,127,800 |
| 2008 | $780,153,400 |
| 2009 | $766,401,200 |
| 2010 | $764,335,600 |
| 2011 | $816,436,000 |
| 2012 | $766,387,600 |
| 2013 | $816,053,200 |
| 2014 | $837,986,600 |
| 2015 | $720,834,100 |
| 2016 | $770,964,200 |
| 2017 | $814,339,100 |
| 2018 | $898,758,500 |
| 2019 | $888,610,700 |
General government final consumption expenditure (current LCU)
The value for General government final consumption expenditure (current LCU) in Faroe Islands was 5,926,500,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 5,926,500,000 in 2019 and a minimum value of 1,858,200,000 in 1998.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1998 | 1,858,200,000 |
| 1999 | 2,021,700,000 |
| 2000 | 2,209,600,000 |
| 2001 | 2,445,700,000 |
| 2002 | 2,675,800,000 |
| 2003 | 2,883,600,000 |
| 2004 | 3,041,400,000 |
| 2005 | 3,203,800,000 |
| 2006 | 3,356,500,000 |
| 2007 | 3,626,200,000 |
| 2008 | 3,977,300,000 |
| 2009 | 4,108,600,000 |
| 2010 | 4,298,700,000 |
| 2011 | 4,383,200,000 |
| 2012 | 4,439,300,000 |
| 2013 | 4,583,200,000 |
| 2014 | 4,703,200,000 |
| 2015 | 4,849,700,000 |
| 2016 | 5,189,900,000 |
| 2017 | 5,377,000,000 |
| 2018 | 5,675,300,000 |
| 2019 | 5,926,500,000 |
General government final consumption expenditure (constant 2010 US$)
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2015 | 720,834,100 |
General government final consumption expenditure (% of GDP)
General government final consumption expenditure (% of GDP) in Faroe Islands was 28.42 as of 2019. Its highest value over the past 21 years was 33.79 in 2009, while its lowest value was 25.03 in 1998.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | 25.03 |
| 1999 | 25.87 |
| 2000 | 25.82 |
| 2001 | 25.60 |
| 2002 | 26.84 |
| 2003 | 29.30 |
| 2004 | 30.07 |
| 2005 | 30.92 |
| 2006 | 28.44 |
| 2007 | 29.09 |
| 2008 | 32.07 |
| 2009 | 33.79 |
| 2010 | 32.94 |
| 2011 | 32.78 |
| 2012 | 32.39 |
| 2013 | 31.06 |
| 2014 | 29.40 |
| 2015 | 28.63 |
| 2016 | 28.15 |
| 2017 | 28.09 |
| 2018 | 29.45 |
| 2019 | 28.42 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
