Faroe Islands Trade to GDP Ratio 1998-2023
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
- Faroe Islands trade to gdp ratio for 2021 was 104.90%, a 7.99% increase from 2020.
- Faroe Islands trade to gdp ratio for 2020 was 96.91%, a 11.41% decline from 2019.
- Faroe Islands trade to gdp ratio for 2019 was 108.32%, a 1.44% increase from 2018.
- Faroe Islands trade to gdp ratio for 2018 was 106.87%, a 0.36% decline from 2017.
Faroe Islands Trade to GDP Ratio - Historical Data |
Year |
Trade (% of GDP) |
Annual Change |
2021 |
104.90% |
7.99% |
2020 |
96.91% |
-11.41% |
2019 |
108.32% |
1.44% |
2018 |
106.87% |
-0.36% |
2017 |
107.24% |
2.69% |
2016 |
104.55% |
-1.06% |
2015 |
105.61% |
-0.53% |
2014 |
106.14% |
-7.92% |
2013 |
114.06% |
-3.10% |
2012 |
117.16% |
11.31% |
2011 |
105.85% |
8.66% |
2010 |
97.18% |
0.32% |
2009 |
96.86% |
-6.64% |
2008 |
103.50% |
3.99% |
2007 |
99.51% |
2.11% |
2006 |
97.39% |
-3.57% |
2005 |
100.96% |
7.55% |
2004 |
93.41% |
-14.84% |
2003 |
108.26% |
9.64% |
2002 |
98.62% |
-6.28% |
2001 |
104.90% |
-5.64% |
2000 |
110.55% |
10.05% |
1999 |
100.49% |
8.88% |
1998 |
91.61% |
8.88% |