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Faroe Islands - Trade Openness 1974

Name: Faroe Islands Trade Openness 1974
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

93.61% +3.01% from 1973 Global rank: 82nd

Faroe Islands's trade openness was 93.61% in 1974, increased +3.01% from 90.60% in 1973. This was the 82nd highest globally.

Global Ranking - 1974▾

Trade Openness by Country - 1974
Rank	Country	Value	YoY
1st	China	10.34%	27.9%
2nd	India	10.85%	21.5%
3rd	Argentina	13.19%	-1.0%
4th	Bangladesh	14.05%	-23.6%
5th	Nepal	16.00%	-5.8%
6th	United States	16.44%	25.7%
7th	Türkiye	17.00%	5.4%
8th	Mexico	18.98%	6.2%
9th	Brazil	20.97%	24.4%
10th	Australia	26.29%	4.7%
11th	Japan	26.33%	39.4%
12th	Uganda	29.76%	0.2%
13th	Colombia	30.17%	9.4%
14th	Pakistan	30.83%	6.4%
15th	Uruguay	31.27%	57.0%
16th	Spain	31.73%	12.8%
17th	Paraguay	32.67%	11.7%
18th	Burkina Faso	32.79%	12.2%
19th	Sudan	33.43%	4.9%
20th	Rwanda	33.51%	33.8%
21st	Greece	34.55%	12.0%
22nd	Peru	35.46%	23.7%
23rd	Madagascar	35.73%	7.9%
24th	Germany	36.81%	16.6%
25th	Chile	37.96%	35.5%
26th	Ghana	40.13%	6.0%
27th	Italy	40.71%	19.8%
28th	Niger	41.24%	5.1%
29th	Ecuador	41.40%	19.9%
30th	Benin	43.81%	5.3%
31st	France	44.21%	22.8%
32nd	Guinea-Bissau	44.27%	-5.4%
33rd	Chad	45.19%	15.2%
34th	Thailand	45.54%	17.8%
35th	Somalia, Fed. Rep.	46.92%	9.7%
36th	Guatemala	48.07%	17.0%
37th	Canada	48.08%	8.6%
38th	Cameroon	48.24%	7.9%
39th	South Africa	48.80%	18.6%
40th	European Union	49.19%	16.6%
41st	Brunei Darussalam	49.71%	-
42nd	Sierra Leone	50.23%	4.6%
43rd	Indonesia	50.42%	27.5%
44th	Egypt, Arab Republic of	51.66%	63.0%
45th	New Zealand	53.55%	11.9%
46th	Mali	53.59%	62.3%
47th	Portugal	53.94%	14.2%
48th	Korea	54.56%	7.4%
49th	Finland	55.21%	13.8%
50th	Morocco	55.75%	29.8%
51st	Syrian Arab Republic	57.83%	20.9%
52nd	United Kingdom	58.74%	23.8%
53rd	Sweden	59.31%	25.2%
54th	Austria	59.80%	9.4%
55th	Sri Lanka	60.33%	20.9%
56th	Dominican Republic	60.59%	22.3%
57th	Israel	61.22%	-5.4%
58th	Senegal	61.39%	35.5%
59th	Bolivia, Plurinational State of	62.09%	10.8%
60th	Denmark	64.73%	11.9%
61st	Togo	66.87%	39.6%
62nd	Tunisia	67.57%	28.8%
63rd	Iceland	69.16%	-0.9%
64th	Central African Republic	71.07%	9.2%
65th	Iran, Islamic Republic of	71.40%	32.0%
66th	Nicaragua	71.68%	8.6%
67th	El Salvador	73.25%	16.4%
68th	Algeria	74.24%	30.0%
69th	Kenya	74.57%	33.0%
70th	Saudi Arabia	76.14%	-36.9%
71st	Cuba	76.79%	0.0%
72nd	Mauritania	79.23%	14.6%
73rd	Norway	80.11%	9.6%
74th	Costa Rica	81.26%	20.1%
75th	Switzerland	82.60%	6.4%
76th	Gambia, The	82.69%	6.7%
77th	Côte d'Ivoire	84.07%	21.9%
78th	Papua New Guinea	86.73%	8.8%
79th	Ireland	90.68%	20.5%
80th	Lesotho	90.73%	10.6%
81st	Iraq	92.61%	30.6%
82nd	Faroe Islands	93.61%	3.3%
83rd	Honduras	96.07%	20.0%
84th	Netherlands	96.11%	11.5%
85th	Malaysia	96.39%	24.6%
86th	Kuwait	98.80%	5.0%
87th	Puerto Rico (US)	98.90%	16.2%
88th	Gabon	100.81%	-13.5%
89th	Belgium	105.27%	11.8%
90th	Botswana	105.70%	4.9%
91st	Congo, Republic of	112.70%	50.3%
92nd	Kiribati	115.24%	1.4%
93rd	Oman	121.48%	-1.3%
94th	Guyana	134.76%	11.3%
95th	Panama	150.14%	32.0%
96th	Hong Kong SAR, China	168.48%	2.4%
97th	Malta	175.72%	31.3%
98th	Luxembourg	180.07%	11.1%
99th	Singapore	313.96%	27.8%

FAQ

What was Faroe Islands's trade openness in 1974?▾

Faroe Islands's trade openness in 1974 was 93.61%. This ranked 82nd globally.

How did Faroe Islands's trade openness change in 1974?▾

Faroe Islands's trade openness increased by 3.3% in 1974 compared to 1973.

Which country had the highest trade openness in 1974?▾

Singapore had the highest trade openness in 1974 at 313.96%.

What is the trade openness of Faroe Islands in 1974?▾

The trade openness of Faroe Islands in 1974 was 93.61%. This ranked 82nd globally.

How does 1974 compare to 1973 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 90.60% in 1973 to 93.61% in 1974, a 3.3% increase.

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