Faroe Islands - Household final consumption expenditure
Household final consumption expenditure (current US$)
The latest value for Household final consumption expenditure (current US$) in Faroe Islands was $1,244,970,000 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $1,373,773,000 in 2014 and $553,698,400 in 2000.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | $574,080,700 |
| 1999 | $608,053,100 |
| 2000 | $553,698,400 |
| 2001 | $580,141,300 |
| 2002 | $645,787,700 |
| 2003 | $816,719,000 |
| 2004 | $921,416,800 |
| 2005 | $1,020,744,000 |
| 2006 | $1,095,463,000 |
| 2007 | $1,259,235,000 |
| 2008 | $1,338,989,000 |
| 2009 | $1,265,515,000 |
| 2010 | $1,197,863,000 |
| 2011 | $1,361,782,000 |
| 2012 | $1,230,695,000 |
| 2013 | $1,319,516,000 |
| 2014 | $1,373,773,000 |
| 2015 | $1,235,438,000 |
| 2016 | $1,165,545,000 |
| 2017 | $1,234,336,000 |
| 2018 | $1,221,962,000 |
| 2019 | $1,244,970,000 |
Household final consumption expenditure (current LCU)
The value for Household final consumption expenditure (current LCU) in Faroe Islands was 8,303,200,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 8,311,900,000 in 2015 and a minimum value of 3,846,800,000 in 1998.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1998 | 3,846,800,000 |
| 1999 | 4,241,900,000 |
| 2000 | 4,475,600,000 |
| 2001 | 4,828,400,000 |
| 2002 | 5,098,300,000 |
| 2003 | 5,380,300,000 |
| 2004 | 5,520,300,000 |
| 2005 | 6,121,300,000 |
| 2006 | 6,514,500,000 |
| 2007 | 6,854,900,000 |
| 2008 | 6,826,300,000 |
| 2009 | 6,784,300,000 |
| 2010 | 6,736,900,000 |
| 2011 | 7,311,000,000 |
| 2012 | 7,128,800,000 |
| 2013 | 7,410,800,000 |
| 2014 | 7,710,300,000 |
| 2015 | 8,311,900,000 |
| 2016 | 7,846,100,000 |
| 2017 | 8,150,200,000 |
| 2018 | 7,716,200,000 |
| 2019 | 8,303,200,000 |
Household final consumption expenditure (constant 2010 US$)
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. 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 | 1,235,438,000 |
Households and NPISHs final consumption expenditure (% of GDP)
Households and NPISHs final consumption expenditure (% of GDP) in Faroe Islands was 39.82 as of 2019. Its highest value over the past 21 years was 59.08 in 2005, while its lowest value was 39.82 in 2019.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1998 | 51.82 |
| 1999 | 54.28 |
| 2000 | 52.30 |
| 2001 | 50.55 |
| 2002 | 51.14 |
| 2003 | 54.67 |
| 2004 | 54.58 |
| 2005 | 59.08 |
| 2006 | 55.20 |
| 2007 | 54.99 |
| 2008 | 55.05 |
| 2009 | 55.79 |
| 2010 | 51.62 |
| 2011 | 54.67 |
| 2012 | 52.01 |
| 2013 | 50.23 |
| 2014 | 48.19 |
| 2015 | 49.06 |
| 2016 | 42.56 |
| 2017 | 42.57 |
| 2018 | 40.05 |
| 2019 | 39.82 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
