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 2020 was 97.15%, a 11.4% decline from 2019.
- Faroe Islands trade to gdp ratio for 2019 was 108.54%, a 1.38% increase from 2018.
- Faroe Islands trade to gdp ratio for 2018 was 107.16%, a 0.44% decline from 2017.
- Faroe Islands trade to gdp ratio for 2017 was 107.61%, a 2.74% increase from 2016.
| Similar Country Ranking | |
|---|---|
| Country Name | Trade (% of GDP) |
| Luxembourg | 376.30% |
| Hong Kong | 350.73% |
| Singapore | 331.73% |
| San Marino | 304.90% |
| Malta | 285.83% |
| Ireland | 239.95% |
| Seychelles | 176.74% |
| Slovak Republic | 169.95% |
| UAE | 162.21% |
| Belgium | 158.68% |
| Hungary | 155.94% |
| Cyprus | 154.09% |
| Slovenia | 146.54% |
| Netherlands | 145.30% |
| Estonia | 141.87% |
| Bahrain | 139.81% |
| Lithuania | 137.72% |
| Czech Republic | 135.15% |
| Aruba | 129.27% |
| Macao | 121.25% |
| Latvia | 119.70% |
| Switzerland | 115.89% |
| Virgin Islands (U.S.) | 114.96% |
| Brunei | 110.29% |
| Cayman Islands | 106.35% |
| Poland | 105.58% |
| Denmark | 103.31% |
| Austria | 100.00% |
| Faroe Islands | 97.15% |
| Antigua and Barbuda | 91.53% |
| Croatia | 90.81% |
| Qatar | 90.02% |
| Greenland | 85.20% |
| Sweden | 84.52% |
| Germany | 81.11% |
| Oman | 81.05% |
| Portugal | 76.18% |
| Panama | 74.08% |
| Bermuda | 71.66% |
| Greece | 71.58% |
| Finland | 71.28% |
| South Korea | 69.22% |
| Iceland | 69.18% |
| Barbados | 66.29% |
| Norway | 65.33% |
| Guam | 64.10% |
| Canada | 60.78% |
| Spain | 59.77% |
| Bahamas | 59.46% |
| Chile | 58.50% |
| France | 57.77% |
| United Kingdom | 56.43% |
| Italy | 55.40% |
| Saudi Arabia | 52.08% |
| Israel | 51.41% |
| Uruguay | 45.82% |
| New Zealand | 44.22% |
| Australia | 44.04% |
| Japan | 31.36% |
| Argentina | 30.15% |
| United States | 23.44% |
| Faroe Islands Trade to GDP Ratio - Historical Data | ||
|---|---|---|
| Year | Trade (% of GDP) | Annual Change |
| 2020 | 97.15% | -11.40% |
| 2019 | 108.54% | 1.38% |
| 2018 | 107.16% | -0.44% |
| 2017 | 107.61% | 2.74% |
| 2016 | 104.87% | -1.24% |
| 2015 | 106.11% | -0.50% |
| 2014 | 106.61% | -8.00% |
| 2013 | 114.61% | -3.17% |
| 2012 | 117.78% | 11.65% |
| 2011 | 106.13% | 8.54% |
| 2010 | 97.59% | 0.71% |
| 2009 | 96.88% | -6.68% |
| 2008 | 103.56% | 3.80% |
| 2007 | 99.76% | 2.22% |
| 2006 | 97.54% | -3.73% |
| 2005 | 101.27% | 6.95% |
| 2004 | 94.32% | -14.06% |
| 2003 | 108.38% | 9.86% |
| 2002 | 98.52% | -6.22% |
| 2001 | 104.75% | -5.68% |
| 2000 | 110.43% | 10.27% |
| 1999 | 100.15% | 9.30% |
| 1998 | 90.86% | 9.30% |
