Faroe Islands

Government Spending (% of GDP)

29.79
percent of GDP
Dec 99Dec 01Dec 03Dec 05Dec 07Dec 09Dec 12Dec 14Dec 16Dec 18Dec 200.0009.00018.0027.0036.00
  • Faroe Islands
  • Global Median
Source: IMF

Definition of Government Spending (% of GDP)

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.

Maxinomics LogoThe World's Economic Atlas

TYPE TO BEGIN SEARCHING