Faroe Islands GDP: PPP: Final Consumption Expenditure: Households and NPISHs

Faroe Islands GDP: PPP: Final Consumption Expenditure: Households and NPISHs data was reported at 1,501.764 Intl $ mn in 2021. This records an increase from the previous number of 1,228.890 Intl $ mn for 2017. Faroe Islands GDP: PPP: Final Consumption Expenditure: Households and NPISHs data is updated yearly, averaging 1,228.890 Intl $ mn from Dec 2017 (Median) to 2021, with 2 observations. The data reached an all-time high of 1,501.764 Intl $ mn in 2021 and a record low of 1,228.890 Intl $ mn in 2017. Faroe Islands GDP: PPP: Final Consumption Expenditure: Households and NPISHs data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides values for final consumption expenditure expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.;International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Programme, Eurostat (ESTAT), uri: https://ec.europa.eu/eurostat/databrowser/explore/all/all_themes, publisher: Eurostat; The OECD PPP Programme, Organisation for Economic Co-operation and Development (OECD), uri: https://data-explorer.oecd.org/, publisher: OECD; Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF);Gap-filled total;

View Faroe Islands's Faroe Islands GDP: PPP: Final Consumption Expenditure: Households and NPISHs from 2017 to 2021 in the chart:

max 1y 5y 10y bar line area spline areaspline column Apply Get this data

There is no data available for your selected dates.

max 1y 5y 10y bar line area spline areaspline column Apply Get this data

There is no data available for your selected dates.

What was Faroe Islands's Faroe Islands GDP: PPP: Final Consumption Expenditure: Households and NPISHs in 2021?

Related Indicators for Faroe Islands GDP: PPP: Final Consumption Expenditure: Households and NPISHs

Faroe Islands Key Series

More Indicators for Faroe Islands