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 2019 was 106.87%, a 1.83% increase from 2018.
  • Faroe Islands trade to gdp ratio for 2018 was 105.04%, a 0.93% decline from 2017.
  • Faroe Islands trade to gdp ratio for 2017 was 105.97%, a 6.53% increase from 2016.
  • Faroe Islands trade to gdp ratio for 2016 was 99.45%, a 2.16% decline from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Luxembourg 381.52%
Hong Kong 353.79%
Singapore 323.52%
San Marino 307.26%
Malta 271.44%
Ireland 239.84%
Slovak Republic 184.42%
Seychelles 178.82%
Belgium 163.01%
Hungary 161.76%
UAE 160.94%
Slovenia 159.03%
Netherlands 156.22%
Lithuania 149.66%
Cyprus 144.82%
Czech Republic 142.76%
Bahrain 142.36%
Estonia 141.81%
Antigua and Barbuda 141.56%
Latvia 121.26%
Switzerland 119.70%
Macao 113.69%
Denmark 109.29%
Brunei 108.51%
Austria 107.78%
Faroe Islands 106.87%
Poland 106.36%
Croatia 104.17%
Northern Mariana Islands 104.06%
Kuwait 98.18%
Sweden 91.16%
Qatar 90.32%
Oman 90.00%
Germany 87.99%
Portugal 86.71%
Panama 84.16%
Barbados 83.69%
Iceland 83.66%
Greece 81.82%
Finland 79.40%
Guam 78.31%
South Korea 77.00%
Bahamas 75.92%
Bermuda 75.86%
Norway 71.04%
Spain 66.78%
Canada 65.43%
France 64.52%
Saudi Arabia 63.66%
United Kingdom 63.40%
Italy 60.11%
Chile 56.87%
Israel 56.77%
New Zealand 54.09%
Uruguay 49.61%
Australia 45.71%
Japan 34.93%
Argentina 32.63%
United States 26.31%
Faroe Islands Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2019 106.87% 1.83%
2018 105.04% -0.93%
2017 105.97% 6.53%
2016 99.45% -2.16%
2015 101.60% -1.13%
2014 102.73% -7.78%
2013 110.51% -4.46%
2012 114.97% 10.48%
2011 104.49% 12.81%
2010 91.68% 2.30%
2009 89.38% -11.07%
2008 100.45% 0.16%
2007 100.29% 7.03%
2006 93.26% -1.92%
2005 95.18% 7.83%
2004 87.35% -15.55%
2003 102.90% 7.20%
2002 95.70% -4.89%
2001 100.59% -6.98%
2000 107.56% 10.73%
1999 96.83% 10.84%
1998 86.00% 10.84%