Faroe Islands: Government spending, in dollars

The latest value from 2023 is 1.07 billion U.S. dollars, an increase from 0.97 billion U.S. dollars in 2022. In comparison, the world average is 109.33 billion U.S. dollars, based on data from 146 countries. Historically, the average for the Faroe Islands from 1998 to 2023 is 0.69 billion U.S. dollars. The minimum value, 0.27 billion U.S. dollars, was reached in 2000 while the maximum of 1.07 billion U.S. dollars was recorded in 2023. 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.