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.
| Similar Country Ranking | |
|---|---|
| Country Name | Trade (% of GDP) |
| Hong Kong | 402.22% |
| Luxembourg | 388.12% |
| Singapore | 338.31% |
| Malta | 287.67% |
| Ireland | 229.45% |
| Slovak Republic | 187.83% |
| Belgium | 172.67% |
| Cyprus | 170.31% |
| Macao | 163.90% |
| Hungary | 162.79% |
| Slovenia | 160.92% |
| Estonia | 156.96% |
| Lithuania | 156.47% |
| Netherlands | 155.70% |
| Seychelles | 152.74% |
| Brunei | 147.12% |
| Czech Republic | 142.50% |
| Aruba | 137.16% |
| Switzerland | 130.85% |
| Latvia | 130.37% |
| Poland | 112.45% |
| Denmark | 112.18% |
| Austria | 111.22% |
| Faroe Islands | 104.90% |
| Croatia | 104.03% |
| Puerto Rico | 96.67% |
| Oman | 93.92% |
| Qatar | 93.05% |
| Panama | 92.70% |
| Greece | 89.46% |
| Germany | 88.74% |
| Sweden | 86.69% |
| Portugal | 86.17% |
| South Korea | 80.49% |
| Finland | 78.60% |
| Iceland | 78.18% |
| Bermuda | 72.23% |
| Norway | 70.89% |
| Barbados | 70.85% |
| Bahamas | 69.63% |
| Spain | 68.38% |
| Chile | 64.43% |
| Italy | 62.98% |
| Guam | 62.93% |
| Canada | 61.37% |
| France | 60.84% |
| Saudi Arabia | 59.12% |
| Uruguay | 56.81% |
| United Kingdom | 56.67% |
| Israel | 54.96% |
| New Zealand | 49.10% |
| Australia | 39.87% |
| Japan | 37.38% |
| Argentina | 32.98% |
| United States | 25.48% |
| 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% |
