Faroe Islands - Gross national expenditure

Gross national expenditure (current US$)

The latest value for Gross national expenditure (current US$) in Faroe Islands was $2,934,342,000 as of 2019. Over the past 21 years, the value for this indicator has fluctuated between $2,998,179,000 in 2018 and $1,081,378,000 in 1998.

Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1998 $1,081,378,000
1999 $1,154,740,000
2000 $1,142,272,000
2001 $1,162,289,000
2002 $1,275,501,000
2003 $1,696,040,000
2004 $1,752,833,000
2005 $1,900,682,000
2006 $2,184,889,000
2007 $2,667,285,000
2008 $2,644,220,000
2009 $2,412,244,000
2010 $2,389,911,000
2011 $2,572,876,000
2012 $2,609,288,000
2013 $2,717,821,000
2014 $2,851,189,000
2015 $2,497,466,000
2016 $2,518,428,000
2017 $2,681,155,000
2018 $2,998,179,000
2019 $2,934,342,000

Gross national expenditure (current LCU)

The value for Gross national expenditure (current LCU) in Faroe Islands was 19,570,300,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 19,570,300,000 in 2019 and a minimum value of 7,246,100,000 in 1998.

Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1998 7,246,100,000
1999 8,055,700,000
2000 9,233,100,000
2001 9,673,500,000
2002 10,069,700,000
2003 11,173,000,000
2004 10,501,400,000
2005 11,398,200,000
2006 12,993,100,000
2007 14,519,900,000
2008 13,480,500,000
2009 12,931,800,000
2010 13,441,100,000
2011 13,813,000,000
2012 15,114,300,000
2013 15,264,100,000
2014 16,002,300,000
2015 16,802,700,000
2016 16,953,300,000
2017 17,703,400,000
2018 18,932,300,000
2019 19,570,300,000

Gross national expenditure (constant 2010 US$)

Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2015 2,497,466,000

Gross national expenditure (% of GDP)

Gross national expenditure (% of GDP) in Faroe Islands was 93.86 as of 2019. Its highest value over the past 21 years was 116.47 in 2007, while its lowest value was 91.95 in 2016.

Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1998 97.61
1999 103.08
2000 107.89
2001 101.28
2002 101.02
2003 113.52
2004 103.83
2005 110.01
2006 110.10
2007 116.47
2008 108.71
2009 106.34
2010 102.99
2011 103.29
2012 110.27
2013 103.46
2014 100.02
2015 99.18
2016 91.95
2017 92.48
2018 98.26
2019 93.86

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts