Faroe Islands - 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 |
Aggregation method: Gap-filled total
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
