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Faroe Islands: Government consumption (% of GDP)

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

2024
27.9%percent of GDP
Change on 2023
+0.9 pointsfrom 27.0%
Average, 2015–2024
27.9%10 years
Record high and low
33.5% (2009)low 25.2% (1998)

Government consumption (% of GDP)

Report error
24%26%28%30%32%34%20002005201020152020Faroe IslandsFaroe Islands
Percent of GDP

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

Recent values

Percent of GDP

YearValue
202427.9
202327.0
202226.9
202128.5
202029.6
201927.6
201828.4
201727.6
201627.7
201528.3

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 →

Government 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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