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Faroe Islands - Trade Openness 1963

Name: Faroe Islands Trade Openness 1963
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

86.10% −12.60% from 1962 Global rank: 55th

Faroe Islands's trade openness was 86.10% in 1963, decreased +12.60% from 98.69% in 1962. This was the 55th highest globally.

Global Ranking - 1963▾

Trade Openness by Country - 1963
Rank	Country	Value	YoY
1st	China	5.66%	1.7%
2nd	India	10.19%	-0.1%
3rd	Türkiye	11.16%	-17.8%
4th	Benin	15.45%	14.6%
5th	Argentina	15.78%	12.1%
6th	Brazil	17.94%	91.2%
7th	Mexico	18.27%	-2.2%
8th	Indonesia	18.42%	74.4%
9th	Korea	18.52%	-4.5%
10th	Rwanda	18.59%	-15.8%
11th	Ecuador	19.19%	-8.8%
12th	Niger	19.63%	-11.7%
13th	Burkina Faso	21.25%	0.0%
14th	Bangladesh	21.64%	0.4%
15th	Greece	23.68%	5.4%
16th	Pakistan	23.99%	13.7%
17th	Uruguay	24.03%	-6.7%
18th	Colombia	24.33%	-0.5%
19th	Paraguay	24.53%	-10.1%
20th	France	26.39%	0.2%
21st	Chile	26.54%	12.5%
22nd	Australia	26.75%	1.0%
23rd	Iran, Islamic Republic of	27.79%	-1.4%
24th	Senegal	27.92%	-6.5%
25th	Guatemala	30.22%	19.9%
26th	Chad	32.16%	-4.5%
27th	Madagascar	32.71%	1.8%
28th	Thailand	33.51%	0.5%
29th	Sudan	34.75%	17.1%
30th	Canada	35.33%	-0.5%
31st	Morocco	38.00%	-2.8%
32nd	Sweden	39.55%	0.4%
33rd	Peru	40.03%	-4.5%
34th	Mauritania	40.38%	22.4%
35th	Syrian Arab Republic	40.60%	-4.5%
36th	Egypt, Arab Republic of	41.35%	19.6%
37th	Somalia, Fed. Rep.	41.84%	3.8%
38th	Bolivia, Plurinational State of	43.32%	6.3%
39th	Togo	43.52%	-
40th	South Africa	44.98%	3.7%
41st	Dominican Republic	46.70%	-2.8%
42nd	Papua New Guinea	48.38%	9.6%
43rd	Ghana	48.64%	-7.7%
44th	Costa Rica	49.22%	0.9%
45th	Uganda	52.17%	14.5%
46th	Sri Lanka	53.25%	-6.6%
47th	Honduras	53.71%	38.7%
48th	Côte d'Ivoire	57.46%	-4.5%
49th	Nicaragua	59.07%	6.7%
50th	Kenya	61.00%	-1.9%
51st	Algeria	61.51%	51.5%
52nd	Central African Republic	63.72%	2.3%
53rd	Lesotho	65.77%	5.7%
54th	Botswana	76.34%	4.9%
55th	Faroe Islands	86.10%	-12.8%
56th	Malaysia	89.71%	0.6%
57th	Gabon	92.50%	48.0%
58th	Congo, Republic of	94.32%	0.9%
59th	Guyana	109.06%	7.4%
60th	Panama	112.75%	2.2%
61st	Hong Kong SAR, China	153.28%	-7.1%
62nd	Singapore	296.88%	3.6%

FAQ

What was Faroe Islands's trade openness in 1963?▾

Faroe Islands's trade openness in 1963 was 86.10%. This ranked 55th globally.

How did Faroe Islands's trade openness change in 1963?▾

Faroe Islands's trade openness decreased by 12.8% in 1963 compared to 1962.

Which country had the highest trade openness in 1963?▾

Singapore had the highest trade openness in 1963 at 296.88%.

What is the trade openness of Faroe Islands in 1963?▾

The trade openness of Faroe Islands in 1963 was 86.10%. This ranked 55th globally.

How does 1963 compare to 1962 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 98.69% in 1962 to 86.10% in 1963, a 12.8% decrease.

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