Faroe Islands Trade to GDP Ratio 1960-2024
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 2022 was 124.91%, a 20.17% increase from 2021.
- Faroe Islands trade to gdp ratio for 2021 was 104.75%, a 8.24% increase from 2020.
- Faroe Islands trade to gdp ratio for 2020 was 96.51%, a 12.11% decline from 2019.
- Faroe Islands trade to gdp ratio for 2019 was 108.62%, a 1.75% increase from 2018.
| Faroe Islands Trade to GDP Ratio - Historical Data | ||
|---|---|---|
| Year | Trade (% of GDP) | Annual Change |
| 2022 | 124.91% | 20.17% |
| 2021 | 104.75% | 8.24% |
| 2020 | 96.51% | -12.11% |
| 2019 | 108.62% | 1.75% |
| 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 | 93.42% | -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% | -6.02% |
| 1997 | 97.63% | -1.13% |
| 1996 | 98.76% | 23.06% |
| 1995 | 75.70% | -0.05% |
| 1994 | 75.76% | 3.06% |
| 1993 | 72.70% | -12.16% |
| 1992 | 84.86% | 3.21% |
| 1991 | 81.65% | 2.78% |
| 1990 | 78.88% | -1.01% |
| 1989 | 79.89% | -5.97% |
| 1988 | 85.86% | -7.28% |
| 1987 | 93.14% | 5.14% |
| 1986 | 88.00% | -5.92% |
| 1985 | 93.92% | -5.80% |
| 1984 | 99.72% | 15.15% |
| 1983 | 84.56% | 5.30% |
| 1982 | 79.26% | -4.20% |
| 1981 | 83.46% | 2.17% |
| 1980 | 81.29% | 1.80% |
| 1979 | 79.49% | -0.76% |
| 1978 | 80.26% | -4.64% |
| 1977 | 84.90% | -2.00% |
| 1976 | 86.91% | 1.56% |
| 1975 | 85.34% | -8.27% |
| 1974 | 93.61% | 3.01% |
| 1973 | 90.60% | 12.48% |
| 1972 | 78.11% | -0.67% |
| 1971 | 78.79% | 3.53% |
| 1970 | 75.26% | -3.99% |
| 1969 | 79.25% | 4.49% |
| 1968 | 74.76% | -4.21% |
| 1967 | 78.97% | 2.73% |
| 1966 | 76.24% | -11.22% |
| 1965 | 87.46% | 5.19% |
| 1964 | 82.27% | -3.82% |
| 1963 | 86.10% | -12.60% |
| 1962 | 98.69% | 98.69% |
| 1961 | 0.00% | 0.00% |
| 1960 | 0.00% | 0.00% |