Faroe Islands Trade to GDP Ratio 1998-2021

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 2018 was 101.87%, a 3.88% decline from 2017.
  • Faroe Islands trade to gdp ratio for 2017 was 105.76%, a 6.31% increase from 2016.
  • Faroe Islands trade to gdp ratio for 2016 was 99.45%, a 2.16% decline from 2015.
  • Faroe Islands trade to gdp ratio for 2015 was 101.60%, a 1.13% decline from 2014.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Luxembourg 387.10%
Hong Kong 376.93%
Singapore 326.94%
San Marino 309.49%
Malta 269.95%
Ireland 211.51%
Slovak Republic 190.54%
Seychelles 182.35%
Sint Maarten (Dutch part) 171.72%
Belgium 166.24%
Hungary 163.38%
Slovenia 161.10%
UAE 159.73%
Netherlands 158.82%
Bahrain 151.40%
Cyprus 148.91%
Lithuania 148.64%
Czech Republic 148.00%
Estonia 145.66%
Antigua and Barbuda 141.20%
Palau 125.11%
Latvia 123.62%
Switzerland 120.03%
Macao 116.00%
Northern Mariana Islands 108.69%
Austria 108.11%
Poland 107.42%
Denmark 106.71%
Puerto Rico 106.00%
Oman 102.29%
Faroe Islands 101.87%
Croatia 101.25%
Kuwait 100.49%
Brunei 93.90%
Iceland 92.02%
Qatar 91.84%
Panama 89.39%
Sweden 89.13%
Germany 88.60%
Portugal 86.43%
Greenland 85.85%
Barbados 80.99%
South Korea 78.99%
Finland 78.11%
Bahamas 77.80%
Bermuda 77.12%
Guam 73.36%
Greece 72.52%
Norway 71.07%
Spain 67.57%
Saudi Arabia 66.69%
Canada 66.11%
France 64.48%
United Kingdom 62.62%
Italy 60.35%
Israel 58.94%
Chile 57.35%
New Zealand 55.94%
Australia 43.26%
Uruguay 39.99%
Japan 36.82%
Argentina 31.17%
United States 27.54%
Faroe Islands Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2018 101.87% -3.88%
2017 105.76% 6.31%
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%