Faroe Islands Trade to GDP Ratio 1998-2022

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.
Data Source: World Bank

MLA Citation:
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%