(measure: billion U.S. dollars; Source: The World Bank)
* indicates monthly or quarterly data series
Faroe Islands: Government spending, billion USD
For that indicator, we provide data for the Faroe Islands from 1998 to 2016. The average value for the Faroe Islands during that period was 0.59 billion U.S. dollars with a minimum of 0.27 billion U.S. dollars in 2000 and a maximum of 0.84 billion U.S. dollars in 2014.
The latest value from 2016 is 0.77 billion U.S. dollars. For comparison, the world average in 2016 based on 168
countries is 73040484382.38 billion U.S. dollars.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
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. Data are in current U.S. dollars.