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Faroe Islands - Trade Openness 1973

Name: Faroe Islands Trade Openness 1973
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

90.60% +12.48% from 1972 Global rank: 85th

Faroe Islands's trade openness was 90.60% in 1973, increased +12.48% from 78.11% in 1972. This was the 85th highest globally.

Global Ranking - 1973▾

Trade Openness by Country - 1973
Rank	Country	Value	YoY
1st	China	8.08%	42.6%
2nd	India	8.93%	15.5%
3rd	United States	13.08%	15.3%
4th	Argentina	13.32%	-5.1%
5th	Türkiye	16.13%	10.7%
6th	Brazil	16.86%	4.5%
7th	Nepal	16.98%	25.1%
8th	Mexico	17.88%	5.8%
9th	Bangladesh	18.39%	-5.2%
10th	Japan	18.89%	6.4%
11th	Uruguay	19.92%	-34.3%
12th	Rwanda	25.04%	2.1%
13th	Australia	25.10%	1.5%
14th	Colombia	27.59%	5.9%
15th	Chile	28.01%	25.6%
16th	Spain	28.14%	3.4%
17th	Peru	28.67%	1.9%
18th	Pakistan	28.98%	83.2%
19th	Burkina Faso	29.23%	5.6%
20th	Paraguay	29.23%	5.9%
21st	Uganda	29.71%	-17.9%
22nd	Greece	30.86%	25.4%
23rd	Germany	31.58%	3.2%
24th	Egypt, Arab Republic of	31.70%	5.4%
25th	Sudan	31.87%	-2.5%
26th	Mali	33.03%	11.6%
27th	Madagascar	33.13%	1.7%
28th	Italy	33.99%	7.0%
29th	Ecuador	34.54%	23.5%
30th	France	36.00%	6.0%
31st	Ghana	37.85%	5.4%
32nd	Thailand	38.65%	3.4%
33rd	Chad	39.23%	15.6%
34th	Niger	39.25%	13.1%
35th	Indonesia	39.53%	11.6%
36th	Guatemala	41.09%	9.7%
37th	South Africa	41.15%	0.9%
38th	Benin	41.61%	1.0%
39th	European Union	42.18%	5.7%
40th	Somalia, Fed. Rep.	42.75%	26.6%
41st	Morocco	42.94%	13.6%
42nd	Canada	44.29%	5.8%
43rd	Cameroon	44.69%	-3.8%
44th	Senegal	45.30%	3.3%
45th	Guinea-Bissau	46.79%	17.0%
46th	Portugal	47.24%	2.2%
47th	Sweden	47.38%	11.1%
48th	United Kingdom	47.45%	14.1%
49th	Syrian Arab Republic	47.82%	14.3%
50th	New Zealand	47.86%	4.4%
51st	Togo	47.90%	-11.7%
52nd	Sierra Leone	48.04%	-15.4%
53rd	Finland	48.50%	1.5%
54th	Dominican Republic	49.53%	7.9%
55th	Sri Lanka	49.91%	8.0%
56th	Korea	50.82%	35.4%
57th	Tunisia	52.47%	4.8%
58th	Iran, Islamic Republic of	54.10%	21.7%
59th	Austria	54.67%	0.3%
60th	Bolivia, Plurinational State of	56.03%	24.2%
61st	Kenya	56.06%	1.4%
62nd	Algeria	57.09%	23.6%
63rd	Denmark	57.86%	8.7%
64th	El Salvador	62.94%	10.0%
65th	Israel	64.71%	15.7%
66th	Central African Republic	65.10%	10.8%
67th	Nicaragua	66.01%	1.7%
68th	Costa Rica	67.67%	1.3%
69th	Côte d'Ivoire	68.99%	10.3%
70th	Mauritania	69.13%	-4.3%
71st	Iceland	69.76%	1.9%
72nd	Iraq	70.94%	21.4%
73rd	Norway	73.07%	9.1%
74th	Congo, Republic of	75.00%	-6.4%
75th	Ireland	75.24%	11.2%
76th	Cuba	76.80%	0.0%
77th	Malaysia	77.33%	5.4%
78th	Gambia, The	77.48%	4.0%
79th	Switzerland	77.63%	1.2%
80th	Papua New Guinea	79.70%	0.3%
81st	Honduras	80.08%	18.7%
82nd	Lesotho	82.05%	-3.7%
83rd	Puerto Rico (US)	85.14%	6.0%
84th	Netherlands	86.23%	4.2%
85th	Faroe Islands	90.60%	16.0%
86th	Kuwait	94.10%	5.4%
87th	Belgium	94.14%	10.5%
88th	Botswana	100.80%	2.9%
89th	Kiribati	113.64%	10.1%
90th	Panama	113.78%	-1.1%
91st	Gabon	116.51%	-19.8%
92nd	Saudi Arabia	120.62%	51.0%
93rd	Guyana	121.08%	4.2%
94th	Oman	123.02%	19.3%
95th	Malta	133.81%	17.4%
96th	Luxembourg	162.10%	4.1%
97th	Hong Kong SAR, China	164.53%	2.3%
98th	Singapore	245.73%	7.3%

FAQ

What was Faroe Islands's trade openness in 1973?▾

Faroe Islands's trade openness in 1973 was 90.60%. This ranked 85th globally.

How did Faroe Islands's trade openness change in 1973?▾

Faroe Islands's trade openness increased by 16.0% in 1973 compared to 1972.

Which country had the highest trade openness in 1973?▾

Singapore had the highest trade openness in 1973 at 245.73%.

What is the trade openness of Faroe Islands in 1973?▾

The trade openness of Faroe Islands in 1973 was 90.60%. This ranked 85th globally.

How does 1973 compare to 1972 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 78.11% in 1972 to 90.60% in 1973, a 16.0% increase.

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