Government consumption (% of GDP) in the Faroe Islands in 2024 — 27.9%. Ranked 10 in the world out of 169. Since 1998, the indicator has risen by 2.7 pp.
1998–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | % | Change, pp |
|---|---|---|
| 2024 | 27.9 | +0.9 pp |
| 2023 | 27 | +0 pp |
| 2022 | 26.9 | −1.5 pp |
| 2021 | 28.5 | −1.1 pp |
| 2020 | 29.6 | +1.9 pp |
| 2019 | 27.6 | −0.8 pp |
| 2018 | 28.4 | +0.8 pp |
| 2017 | 27.6 | −0.1 pp |
| 2016 | 27.7 | −0.6 pp |
| 2015 | 28.3 | −0.6 pp |
| 2014 | 28.9 | −1.5 pp |
| 2013 | 30.4 | −1.4 pp |
| 2012 | 31.8 | −0.8 pp |
| 2011 | 32.6 | −0.3 pp |
| 2010 | 32.9 | −0.6 pp |
| 2009 | 33.5 | +2.1 pp |
| 2008 | 31.4 | +3.1 pp |
| 2007 | 28.2 | +0.6 pp |
| 2006 | 27.7 | −2.6 pp |
| 2005 | 30.3 | +0.9 pp |
| 2004 | 29.4 | +0.5 pp |
| 2003 | 28.9 | +2.3 pp |
| 2002 | 26.6 | +1.1 pp |
| 2001 | 25.5 | −0.1 pp |
| 2000 | 25.6 | −0.3 pp |
| 1999 | 25.9 | +0.7 pp |
| 1998 | 25.2 | — |
The same indicator for neighboring countries — with links to their pages
General government final consumption expenditure as a percent of GDP: compensation of public employees, purchases of goods and services for delivering public services, and spending on defense and security. It leaves out public investment and social transfers, so the indicator is lower than the overall size of the budget.
Source: World Development Indicators (World Bank), license CC BY 4.0.
