Faroe Islands: Government spending, percent of GDP
(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series
Faroe Islands: Government spending as percent of GDP
For that indicator, we provide data for the Faroe Islands from 1998 to 2017. The average value for the Faroe Islands during that period was 29.33 percent with a minimum of 25.03 percent in 1998 and a maximum of 33.79 percent in 2009.
The latest value from 2017 is 27.82 percent. For comparison, the world average in 2017 based on 165
countries is 16.35 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The government size of the Faroe Islands and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.