Commercial users: see the World Economic Database from our partners at Anansi Data Analytics

Faroe Islands: Household consumption (% of GDP)

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

2024
40.6%percent of GDP
Change on 2023
+0.0 pointsfrom 40.6%
Average, 2015–2024
42.9%10 years
Record high and low
64.6% (2005)low 40.6% (2023)

Household consumption (% of GDP)

Report error
40%45%50%55%60%65%20002005201020152020Faroe IslandsFaroe Islands
Percent of GDP

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

Recent values

Percent of GDP

YearValue
202440.6
202340.6
202240.8
202142.2
202043.6
201941.9
201843.1
201743.5
201645.7
201547.0

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 →

Household consumption (% of GDP) elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

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 →

GMD release 2026_09 · License & terms