Faroe Islands Trade Openness
Trade as % of GDP NE.TRD.GNFS.ZS
117.00%
+11.25% (+10.6%)
Year 2025Rank #56 GlobalPeak 122.86% (2022)Source World Bank
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Overview
Faroe Islands's trade openness stood at 117.00% in 2025, a rise of +11.25% from 2024. Based on recent trends, this figure is projected to reach 117.00% by 2025. Faroe Islands ranked 56th globally.
Data & projection
Year
Trade Openness
YoY change
Rank
2027* trend
122.79%
-
-
2026* trend
119.90%
-
-
2025* trend
117.00%
-
-
2025 117.00%
+11.25%
#56
2024 105.75%
−7.58%
#108
2023 113.34%
−9.53%
#127
2022 122.86%
+19.38%
#134
2021 103.49%
+7.26%
#133
2020 96.22%
−12.40%
#134
2019 108.62%
+1.75%
#137
2018 106.87%
−0.36%
#134
2017 107.24%
+2.69%
#139
2016 104.55%
−1.06%
#133
2015 105.61%
−0.53%
#134
2014 106.14%
−7.92%
#131
2013 114.06%
−3.10%
#137
2012 117.16%
+11.31%
#139
2011 105.85%
+8.66%
#125
2010 97.18%
+0.32%
#123
2009 96.86%
−6.64%
#126
2008 103.50%
+3.99%
#120
2007 99.51%
+2.11%
#119
2006 97.39%
−3.57%
#119
2005 100.96%
+7.55%
#126
2004 93.42%
−14.84%
#116
2003 108.26%
+9.64%
#134
2002 98.62%
−6.28%
#128
2001 104.90%
−5.64%
#127
2000 110.55%
+10.05%
#132
1999 100.49%
+8.88%
#129
1998 91.61%
−6.02%
#116
1997 97.63%
−1.13%
#127
1996 98.76%
+23.06%
#130
1995 75.70%
−0.05%
#98
1994 75.76%
+3.06%
#99
1993 72.70%
−12.16%
#93
1992 84.86%
+3.21%
#105
1991 81.65%
+2.78%
#106
1990 78.88%
−1.01%
#100
1989 79.89%
−5.97%
#88
1988 85.86%
−7.28%
#92
1987 93.14%
+5.14%
#97
1986 88.00%
−5.92%
#89
1985 93.92%
−5.80%
#88
1984 99.72%
+15.15%
#96
1983 84.56%
+5.30%
#82
1982 79.26%
−4.20%
#80
1981 83.46%
+2.17%
#79
1980 81.29%
+1.80%
#79
1979 79.49%
−0.76%
#73
1978 80.26%
−4.64%
#73
1977 84.90%
−2.00%
#77
1976 86.91%
+1.56%
#80
1975 85.34%
−8.27%
#78
1974 93.61%
+3.01%
#82
1973 90.60%
+12.48%
#85
1972 78.11%
−0.67%
#80
1971 78.79%
+3.53%
#81
1970 75.26%
−3.99%
#78
1969 79.25%
+4.49%
#63
1968 74.76%
−4.21%
#61
1967 78.97%
+2.73%
#63
1966 76.24%
−11.22%
#60
1965 87.46%
+5.19%
#62
1964 82.27%
−3.82%
#57
1963 86.10%
−12.60%
#55
1962 98.69%
–
#57
Show all years (1962-2025)
* Linear trend extrapolation
Analysis
Faroe Islands's trade openness was 117.00% in 2025, a rise of +11.25% from 2024. Based on trends, estimated 117.00% by 2025.
Frequently Asked Questions
What is Faroe Islands's trade openness? ▾
Faroe Islands's trade openness was 117.00% in 2025. Ranked 56th globally. This represents a 10.6% increase from the previous year.
What was the highest trade openness in Faroe Islands? ▾
Faroe Islands's trade openness peaked at 122.86% in 2022.
What was the lowest trade openness in Faroe Islands? ▾
The lowest trade openness in Faroe Islands was 72.70% in 1993.
How does Faroe Islands rank in trade openness? ▾
Faroe Islands ranks 56th globally in trade openness as of 2025.
What is the World Bank indicator code for trade openness? ▾
The World Bank indicator code is NE.TRD.GNFS.ZS. Data sourced from World Bank.
What is the projected trade openness of Faroe Islands in 2025? ▾
Faroe Islands's trade openness is projected to reach 117.00% by 2025 based on trend extrapolation.
What is the trade openness of Faroe Islands in 2025? ▾
The trade openness of Faroe Islands in 2025 was 117.00%. This ranks 56th in the world.
Cite this page
APA
Faroe Islands Trade Openness. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/faroe-islands/trade-openness
BibTeX
@misc{historysaid_faroe-islands_trade-openness,
title = {Faroe Islands Trade Openness},
url = {https://historysaid.com/faroe-islands/trade-openness},
publisher = {HistorySaid},
year = {2026}
}
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