Faroe Islands - Trade Openness 1989
79.89%
−5.97% from 1988
Faroe Islands's trade openness was 79.89% in 1989, decreased +5.97% from 85.86% in 1988. This was the 88th highest globally.
Global Ranking - 1989▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Brazil | 14.39% | -19.0% |
| 2nd | Sudan | 14.69% | 27.9% |
| 3rd | India | 15.17% | 12.4% |
| 4th | Bangladesh | 18.33% | 3.7% |
| 5th | Japan | 18.54% | 9.8% |
| 6th | United States | 19.42% | 1.8% |
| 7th | Argentina | 19.64% | 24.7% |
| 8th | Peru | 22.54% | -32.2% |
| 9th | Rwanda | 23.43% | -3.3% |
| 10th | China | 25.06% | -16.5% |
| 11th | Uganda | 26.05% | 2.8% |
| 12th | Iran, Islamic Republic of | 27.94% | 29.4% |
| 13th | Madagascar | 31.76% | 4.2% |
| 14th | Colombia | 31.82% | 5.6% |
| 15th | Australia | 32.02% | -1.5% |
| 16th | Burkina Faso | 32.39% | -15.0% |
| 17th | Nepal | 33.35% | -1.4% |
| 18th | Türkiye | 33.98% | -6.1% |
| 19th | Pakistan | 34.42% | 3.4% |
| 20th | Mali | 34.62% | -7.6% |
| 21st | Comoros | 35.76% | 0.0% |
| 22nd | El Salvador | 36.93% | -3.1% |
| 23rd | Italy | 36.97% | 5.5% |
| 24th | Spain | 37.43% | 1.8% |
| 25th | Benin | 38.30% | -16.5% |
| 26th | Mexico | 38.33% | -1.2% |
| 27th | Cameroon | 38.48% | 20.3% |
| 28th | Greece | 39.71% | 2.9% |
| 29th | Guatemala | 39.78% | 4.6% |
| 30th | Niger | 39.90% | -4.8% |
| 31st | Albania | 40.07% | 8.6% |
| 32nd | Haiti | 40.56% | -16.8% |
| 33rd | Ghana | 41.09% | -2.7% |
| 34th | Uruguay | 41.19% | 3.5% |
| 35th | Philippines | 41.28% | 5.0% |
| 36th | Sierra Leone | 41.59% | -3.5% |
| 37th | Guinea | 41.75% | 5.1% |
| 38th | South Africa | 42.70% | -6.9% |
| 39th | Russian Federation | 42.91% | - |
| 40th | Senegal | 42.96% | 5.7% |
| 41st | Lao PDR | 44.13% | -3.1% |
| 42nd | Iraq | 44.84% | 5.5% |
| 43rd | Germany | 45.04% | 6.3% |
| 44th | Zimbabwe | 45.06% | 2.2% |
| 45th | Ecuador | 45.11% | 5.7% |
| 46th | Chad | 45.19% | 0.1% |
| 47th | Bolivia, Plurinational State of | 45.65% | 8.9% |
| 48th | France | 46.01% | 6.4% |
| 49th | Central African Republic | 46.77% | 9.3% |
| 50th | Algeria | 47.15% | 23.7% |
| 51st | Finland | 47.88% | -0.6% |
| 52nd | Somalia, Fed. Rep. | 48.62% | 82.3% |
| 53rd | United Kingdom | 48.68% | 2.8% |
| 54th | Indonesia | 49.08% | 3.9% |
| 55th | Canada | 50.07% | -2.5% |
| 56th | Egypt, Arab Republic of | 50.13% | -4.7% |
| 57th | Morocco | 50.35% | 0.4% |
| 58th | Korea | 51.33% | -9.8% |
| 59th | New Zealand | 51.98% | 7.4% |
| 60th | Kenya | 53.16% | 6.4% |
| 61st | European Union | 54.38% | 5.4% |
| 62nd | Guinea-Bissau | 55.08% | -13.4% |
| 63rd | Viet Nam | 57.90% | 205.6% |
| 64th | Brunei Darussalam | 58.12% | 11.7% |
| 65th | Sweden | 59.13% | 1.2% |
| 66th | Syrian Arab Republic | 60.17% | 40.7% |
| 67th | Côte d'Ivoire | 61.09% | 4.6% |
| 68th | Iceland | 61.79% | 0.6% |
| 69th | Seychelles | 61.87% | -2.9% |
| 70th | Chile | 62.63% | 7.7% |
| 71st | Israel | 62.90% | 4.4% |
| 72nd | Sri Lanka | 64.02% | 1.8% |
| 73rd | Ukraine | 64.22% | - |
| 74th | Portugal | 64.87% | 2.6% |
| 75th | Denmark | 67.10% | 5.2% |
| 76th | Bhutan | 68.81% | -14.5% |
| 77th | Dominican Republic | 69.47% | -2.6% |
| 78th | Norway | 69.64% | 8.4% |
| 79th | Austria | 70.82% | 6.0% |
| 80th | Saudi Arabia | 71.82% | 8.0% |
| 81st | Thailand | 72.41% | 7.4% |
| 82nd | Costa Rica | 73.58% | 5.4% |
| 83rd | Cuba | 75.93% | 1.1% |
| 84th | Mongolia | 76.36% | -19.2% |
| 85th | Belize | 78.42% | -3.8% |
| 86th | Mauritania | 78.69% | -5.6% |
| 87th | Honduras | 79.60% | 15.6% |
| 88th | Faroe Islands | 79.89% | -7.0% |
| 89th | Cabo Verde | 81.44% | 6.9% |
| 90th | Paraguay | 82.96% | -2.5% |
| 91st | Congo, Republic of | 83.35% | 2.8% |
| 92nd | Gabon | 86.99% | 10.8% |
| 93rd | Georgia | 87.78% | -0.9% |
| 94th | Tonga | 87.91% | -1.8% |
| 95th | Switzerland | 88.43% | 5.9% |
| 96th | Togo | 89.09% | -1.1% |
| 97th | Tunisia | 92.01% | 10.0% |
| 98th | Papua New Guinea | 93.39% | -1.9% |
| 99th | Kuwait | 93.77% | 3.6% |
| 100th | Vanuatu | 94.09% | 4.9% |
| 101st | Bulgaria | 94.58% | 3.4% |
| 102nd | Namibia | 96.38% | 5.9% |
| 103rd | Nicaragua | 97.73% | 28.2% |
| 104th | Botswana | 105.36% | -7.9% |
| 105th | Netherlands | 106.12% | 6.1% |
| 106th | Puerto Rico (US) | 107.94% | 10.3% |
| 107th | Panama | 109.60% | 12.2% |
| 108th | Lebanon | 109.93% | - |
| 109th | Bahamas, The | 111.00% | -5.2% |
| 110th | Cyprus | 111.33% | 9.6% |
| 111th | Ireland | 112.47% | 6.9% |
| 112th | Gambia, The | 120.34% | 10.6% |
| 113th | Belgium | 124.94% | 7.3% |
| 114th | Jordan | 130.45% | 20.6% |
| 115th | Kiribati | 130.52% | 6.9% |
| 116th | Mauritius | 133.93% | 1.0% |
| 117th | Malaysia | 136.69% | 11.5% |
| 118th | Guyana | 139.87% | 6.3% |
| 119th | Malta | 154.60% | 2.9% |
| 120th | Bahrain | 163.82% | 7.8% |
| 121st | Macao SAR, China | 190.99% | -2.4% |
| 122nd | Luxembourg | 191.01% | 1.1% |
| 123rd | Solomon Islands | 193.46% | 0.4% |
| 124th | Hong Kong SAR, China | 225.20% | -2.7% |
| 125th | Singapore | 347.57% | -3.4% |
FAQ
What was Faroe Islands's trade openness in 1989?▾
Faroe Islands's trade openness in 1989 was 79.89%. This ranked 88th globally.
How did Faroe Islands's trade openness change in 1989?▾
Faroe Islands's trade openness decreased by 7.0% in 1989 compared to 1988.
Which country had the highest trade openness in 1989?▾
Singapore had the highest trade openness in 1989 at 347.57%.
What is the trade openness of Faroe Islands in 1989?▾
The trade openness of Faroe Islands in 1989 was 79.89%. This ranked 88th globally.
How does 1989 compare to 1988 for Faroe Islands's trade openness?▾
Faroe Islands's trade openness went from 85.86% in 1988 to 79.89% in 1989, a 7.0% decrease.
Related
1988
1990
All years
Full ranking 1989
Exports
Imports
Trade Balance
Current Account Balance
FDI Inflows
Peak: 2022
Lowest: 1993
Trade Openness 1990s
Trade Openness 2000s
Trade Openness 2010s
Trade Openness 2020s
Highest ever
Lowest ever
Average
vs Channel Islands
vs Macao SAR, China
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Global Ranking