Faroe Islands - Final consumption expenditure (% of GDP)

Final consumption expenditure (% of GDP) in Faroe Islands was 68.25 as of 2019. Its highest value over the past 21 years was 90.00 in 2005, while its lowest value was 68.25 in 2019.

Definition: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate 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 76.85
1999 80.15
2000 78.12
2001 76.16
2002 77.99
2003 83.96
2004 84.65
2005 90.00
2006 83.64
2007 84.07
2008 87.12
2009 89.58
2010 84.56
2011 87.45
2012 84.40
2013 81.29
2014 77.59
2015 77.69
2016 70.71
2017 70.66
2018 69.50
2019 68.25

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts