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Faroe Islands - Trade Openness 1983

Name: Faroe Islands Trade Openness 1983
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

84.56% +5.30% from 1982 Global rank: 82nd

Faroe Islands's trade openness was 84.56% in 1983, increased +5.30% from 79.26% in 1982. This was the 82nd highest globally.

Global Ranking - 1983▾

Trade Openness by Country - 1983
Rank	Country	Value	YoY
1st	Ghana	11.54%	82.7%
2nd	India	13.69%	-3.1%
3rd	Argentina	14.99%	-4.0%
4th	United States	16.67%	-5.0%
5th	China	17.89%	-9.0%
6th	Madagascar	19.29%	-9.8%
7th	Bangladesh	20.32%	-1.4%
8th	Brazil	21.90%	32.8%
9th	Uganda	22.30%	-13.9%
10th	Colombia	23.70%	-9.2%
11th	Japan	24.52%	-8.3%
12th	Paraguay	25.14%	-21.2%
13th	Mexico	27.10%	12.3%
14th	Guatemala	27.55%	-17.7%
15th	Türkiye	29.03%	8.0%
16th	Australia	29.13%	-3.8%
17th	Ecuador	30.88%	-4.7%
18th	Nepal	31.55%	3.8%
19th	Sudan	31.78%	-7.6%
20th	Rwanda	32.34%	-9.4%
21st	Sierra Leone	33.11%	-20.6%
22nd	Philippines	34.31%	6.6%
23rd	Pakistan	34.69%	10.8%
24th	Comoros	35.76%	0.0%
25th	Zimbabwe	35.92%	-8.2%
26th	Burkina Faso	37.46%	-5.9%
27th	Guinea-Bissau	38.26%	-22.1%
28th	Iran, Islamic Republic of	38.73%	1.8%
29th	Spain	39.82%	8.9%
30th	Syrian Arab Republic	39.93%	2.8%
31st	Chad	39.96%	99.2%
32nd	Italy	40.10%	-7.6%
33rd	Greece	40.10%	-1.7%
34th	South Africa	40.26%	-14.6%
35th	Albania	40.41%	-9.8%
36th	Mali	41.20%	18.2%
37th	Dominican Republic	41.34%	0.6%
38th	Peru	43.24%	5.3%
39th	Germany	43.41%	-1.8%
40th	Chile	44.24%	12.0%
41st	Benin	45.34%	-21.6%
42nd	Canada	46.71%	0.2%
43rd	France	46.98%	-0.3%
44th	Thailand	47.38%	-0.3%
45th	Niger	47.74%	-16.3%
46th	Uruguay	49.29%	55.9%
47th	Nicaragua	49.39%	17.5%
48th	United Kingdom	50.81%	2.4%
49th	Brunei Darussalam	52.01%	2.2%
50th	Bolivia, Plurinational State of	52.36%	-10.5%
51st	Morocco	52.61%	-4.9%
52nd	Algeria	53.74%	-10.3%
53rd	Kenya	54.16%	-7.0%
54th	European Union	54.32%	-0.2%
55th	El Salvador	54.40%	6.1%
56th	Indonesia	56.56%	16.2%
57th	Korea	56.61%	-4.0%
58th	Egypt, Arab Republic of	57.14%	-11.0%
59th	Finland	57.44%	-0.3%
60th	Iraq	57.55%	-38.0%
61st	New Zealand	57.99%	-0.8%
62nd	Portugal	58.93%	5.7%
63rd	Cameroon	59.70%	-3.9%
64th	Central African Republic	60.77%	7.7%
65th	Bhutan	61.12%	-5.5%
66th	Austria	62.72%	-2.6%
67th	Israel	63.56%	-8.2%
68th	Sweden	64.39%	6.0%
69th	Honduras	66.92%	1.7%
70th	Sri Lanka	67.76%	-8.0%
71st	Senegal	68.56%	20.1%
72nd	Belize	69.05%	-3.9%
73rd	Seychelles	69.85%	-3.5%
74th	Denmark	70.00%	-1.7%
75th	Côte d'Ivoire	72.68%	-4.1%
76th	Costa Rica	72.82%	-16.5%
77th	Iceland	73.62%	11.8%
78th	Norway	73.92%	-2.8%
79th	Bulgaria	74.09%	9.8%
80th	Cuba	76.51%	-0.4%
81st	Tunisia	77.08%	-8.6%
82nd	Faroe Islands	84.56%	6.7%
83rd	Saudi Arabia	86.15%	-4.1%
84th	Switzerland	87.21%	-1.1%
85th	Tonga	87.83%	-4.8%
86th	Mauritania	88.95%	-1.4%
87th	Mongolia	89.03%	-1.9%
88th	Papua New Guinea	89.65%	-7.9%
89th	Oman	91.72%	-9.8%
90th	Mauritius	92.40%	-3.6%
91st	Panama	93.14%	-20.3%
92nd	Togo	96.01%	-19.1%
93rd	Somalia, Fed. Rep.	96.11%	2.3%
94th	Namibia	97.70%	-13.8%
95th	Ireland	97.74%	4.0%
96th	Puerto Rico (US)	98.56%	-4.9%
97th	Cabo Verde	102.44%	0.3%
98th	Gabon	104.87%	3.6%
99th	Netherlands	104.90%	0.3%
100th	Kiribati	107.35%	-7.0%
101st	Malaysia	108.02%	-2.2%
102nd	Kuwait	108.48%	1.5%
103rd	Congo, Republic of	109.71%	-11.4%
104th	Guyana	110.46%	-10.1%
105th	Micronesia, Federated States of	111.04%	-
106th	Gambia, The	112.97%	8.7%
107th	Vanuatu	113.67%	50.6%
108th	Cyprus	114.38%	-0.7%
109th	Jordan	117.14%	-13.2%
110th	Belgium	120.40%	2.1%
111th	Bahamas, The	124.58%	-0.6%
112th	Botswana	124.65%	0.7%
113th	Malta	133.46%	-3.4%
114th	Solomon Islands	142.69%	0.1%
115th	Bahrain	166.77%	-16.0%
116th	Luxembourg	175.63%	0.4%
117th	Hong Kong SAR, China	186.33%	10.1%
118th	Macao SAR, China	214.17%	1.9%
119th	Singapore	333.15%	-10.6%

FAQ

What was Faroe Islands's trade openness in 1983?▾

Faroe Islands's trade openness in 1983 was 84.56%. This ranked 82nd globally.

How did Faroe Islands's trade openness change in 1983?▾

Faroe Islands's trade openness increased by 6.7% in 1983 compared to 1982.

Which country had the highest trade openness in 1983?▾

Singapore had the highest trade openness in 1983 at 333.15%.

What is the trade openness of Faroe Islands in 1983?▾

The trade openness of Faroe Islands in 1983 was 84.56%. This ranked 82nd globally.

How does 1983 compare to 1982 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 79.26% in 1982 to 84.56% in 1983, a 6.7% increase.

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