Government spending in Faroe Islands was last recorded at 59.8 percent of GDP in 2020 . source: Statistics Faroe Islands
Government Spending To GDP in Faroe Islands averaged 53.49 percent of GDP from 1998 until 2020, reaching an all time high of 59.80 percent of GDP in 2020 and a record low of 47 percent of GDP in 2016. This page provides - Faroe Islands Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Government Spending To GDP - values, historical data and charts - was last updated on August of 2022.
Government Spending To GDP in Faroe Islands is expected to reach 44.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Government Spending To GDP is projected to trend around 44.00 percent of GDP in 2022, according to our econometric models.