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Faroe Islands: Total consumption (% of GDP)

Percent of GDP · 1998–2024 · 27 observations · cons_GDP

2024
68.5%percent of GDP
Change on 2023
+0.9 pointsfrom 67.6%
Average, 2015–2024
70.8%10 years
Record high and low
94.9% (2005)low 67.6% (2023)

Total consumption (% of GDP)

Report error
65%70%75%80%85%90%95%20002005201020152020Faroe IslandsFaroe Islands
Percent of GDP

Compare with other countries →Definition of Total consumption (% of GDP)

Recent values

Percent of GDP

YearValue
202468.5
202367.6
202267.8
202170.7
202073.1
201969.5
201871.5
201771.0
201673.3
201575.2

Sources

This series is derived from other GMD variables.

Faroe Islands documentation (PDF)

More for Faroe Islands

Real GDP per capita (USD)Nominal GDPReal GDPUnemployment rateCurrent account (% of GDP)PopulationAll 31 series →

Total consumption (% of GDP) elsewhere

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Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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