Faroe Islands - 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

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts