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Faroe Islands - Trade Openness 1991

Name: Faroe Islands Trade Openness 1991
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

81.65% +2.78% from 1990 Global rank: 106th

Faroe Islands's trade openness was 81.65% in 1991, increased +2.78% from 78.88% in 1990. This was the 106th highest globally.

Global Ranking - 1991▾

Trade Openness by Country - 1991
Rank	Country	Value	YoY
1st	Iraq	3.79%	-74.9%
2nd	Argentina	13.75%	-8.3%
3rd	Sudan	15.07%	35.9%
4th	Brazil	16.59%	9.5%
5th	India	16.99%	9.6%
6th	Japan	17.76%	-8.2%
7th	Bangladesh	18.89%	-0.4%
8th	United States	19.79%	-0.1%
9th	Rwanda	25.37%	28.9%
10th	China	25.87%	6.8%
11th	Russian Federation	26.26%	-27.3%
12th	Peru	26.66%	-9.5%
13th	French Polynesia	28.09%	-
14th	Uganda	29.40%	10.5%
15th	Tanzania	30.23%	-12.3%
16th	Niger	30.34%	-14.8%
17th	Türkiye	30.48%	-1.5%
18th	Australia	32.15%	0.1%
19th	Colombia	33.53%	-3.6%
20th	Burkina Faso	33.80%	-4.6%
21st	Italy	33.80%	-6.7%
22nd	Cameroon	34.64%	-7.6%
23rd	Nepal	34.68%	7.7%
24th	South Africa	34.88%	-8.7%
25th	Pakistan	35.42%	1.1%
26th	Spain	35.52%	-0.4%
27th	Madagascar	35.76%	10.4%
28th	Comoros	35.76%	0.0%
29th	Mexico	35.79%	-7.1%
30th	Albania	36.07%	-8.5%
31st	Mali	36.15%	-6.0%
32nd	Chad	36.35%	-12.2%
33rd	Greece	37.54%	-3.8%
34th	Lao PDR	38.18%	6.5%
35th	Uruguay	38.55%	-7.4%
36th	Romania	39.14%	-8.8%
37th	Guatemala	39.52%	-13.8%
38th	Haiti	39.81%	-14.2%
39th	Guinea	41.78%	-5.6%
40th	Senegal	42.18%	-5.8%
41st	Ghana	42.49%	-0.6%
42nd	Finland	43.48%	-5.1%
43rd	Central African Republic	43.71%	1.8%
44th	Iran, Islamic Republic of	44.19%	19.2%
45th	Philippines	44.22%	3.0%
46th	France	44.95%	0.8%
47th	Ecuador	45.20%	1.3%
48th	United Kingdom	45.32%	-6.1%
49th	North Macedonia	46.38%	-21.0%
50th	Germany	47.64%	4.3%
51st	El Salvador	47.75%	-3.8%
52nd	Guinea-Bissau	47.77%	1.7%
53rd	Yemen, Republic of	47.92%	73.5%
54th	Korea	48.29%	-1.8%
55th	Bolivia, Plurinational State of	48.44%	3.7%
56th	Canada	49.22%	-1.5%
57th	Mozambique	49.48%	-
58th	New Caledonia	49.53%	-6.9%
59th	Morocco	49.78%	-8.9%
60th	Ukraine	50.13%	-11.1%
61st	Cuba	51.00%	-28.3%
62nd	Zimbabwe	51.05%	11.8%
63rd	Sweden	51.17%	-8.5%
64th	Benin	51.34%	12.3%
65th	Algeria	52.72%	9.0%
66th	European Union	53.84%	0.4%
67th	New Zealand	54.64%	3.9%
68th	Indonesia	54.84%	3.7%
69th	Kenya	55.60%	-2.5%
70th	Israel	55.72%	-8.5%
71st	Mauritania	55.82%	-28.6%
72nd	Seychelles	56.06%	-10.4%
73rd	Syrian Arab Republic	56.48%	0.3%
74th	Côte d'Ivoire	57.00%	-3.1%
75th	Chile	57.51%	-6.0%
76th	Hungary	58.21%	-
77th	Georgia	59.16%	-30.8%
78th	Togo	59.46%	-0.5%
79th	Sierra Leone	60.24%	-12.3%
80th	Portugal	60.37%	-7.2%
81st	Iceland	60.87%	-3.2%
82nd	Oman	62.71%	2.4%
83rd	Egypt, Arab Republic of	62.84%	18.7%
84th	Brunei Darussalam	62.94%	9.0%
85th	Gambia, The	64.10%	-51.2%
86th	Libya	64.60%	-8.8%
87th	Turkmenistan	66.10%	-
88th	Belarus	66.67%	-25.6%
89th	Viet Nam	66.95%	-17.7%
90th	Sri Lanka	67.60%	-0.9%
91st	Denmark	69.17%	2.8%
92nd	Norway	69.59%	-2.5%
93rd	Congo, Republic of	69.68%	-1.6%
94th	Austria	70.32%	-2.0%
95th	Czechia	70.77%	12.2%
96th	Costa Rica	71.44%	-5.1%
97th	Kyrgyz Republic	72.00%	-8.6%
98th	Nicaragua	74.33%	4.3%
99th	Saudi Arabia	74.70%	4.2%
100th	Bhutan	75.97%	24.1%
101st	Switzerland	78.22%	-5.2%
102nd	Thailand	78.47%	3.5%
103rd	Belize	79.18%	-0.3%
104th	Gabon	80.53%	4.7%
105th	Cabo Verde	80.95%	-5.8%
106th	Faroe Islands	81.65%	3.5%
107th	Bulgaria	82.68%	18.4%
108th	Dominican Republic	83.09%	20.1%
109th	Tonga	83.46%	-15.7%
110th	Tunisia	85.69%	-9.0%
111th	Slovak Republic	86.77%	53.7%
112th	Azerbaijan	86.86%	4.6%
113th	Paraguay	89.14%	-2.4%
114th	Honduras	89.59%	-4.9%
115th	Lebanon	92.45%	-21.6%
116th	Namibia	93.86%	0.1%
117th	Vanuatu	94.22%	-16.3%
118th	Papua New Guinea	94.42%	5.4%
119th	Botswana	99.56%	-5.0%
120th	Armenia	100.87%	24.0%
121st	Cyprus	104.18%	-4.1%
122nd	Netherlands	105.19%	1.0%
123rd	Bahamas, The	106.12%	-3.6%
124th	Ireland	106.44%	1.3%
125th	Puerto Rico (US)	115.30%	0.7%
126th	Belgium	118.59%	-2.4%
127th	Mauritius	126.65%	-6.4%
128th	Slovenia	130.10%	-6.8%
129th	Kiribati	134.21%	-11.2%
130th	Mongolia	136.60%	133.0%
131st	Jordan	137.26%	-8.2%
132nd	Panama	140.25%	15.2%
133rd	Kuwait	142.61%	38.4%
134th	Bahrain	158.87%	-14.0%
135th	Malaysia	159.31%	8.5%
136th	Malta	165.24%	0.5%
137th	Solomon Islands	168.20%	18.1%
138th	Macao SAR, China	168.52%	-4.1%
139th	Luxembourg	188.66%	0.5%
140th	Guyana	222.61%	56.1%
141st	Hong Kong SAR, China	231.87%	2.6%
142nd	Singapore	323.89%	-5.9%

FAQ

What was Faroe Islands's trade openness in 1991?▾

Faroe Islands's trade openness in 1991 was 81.65%. This ranked 106th globally.

How did Faroe Islands's trade openness change in 1991?▾

Faroe Islands's trade openness increased by 3.5% in 1991 compared to 1990.

Which country had the highest trade openness in 1991?▾

Singapore had the highest trade openness in 1991 at 323.89%.

What is the trade openness of Faroe Islands in 1991?▾

The trade openness of Faroe Islands in 1991 was 81.65%. This ranked 106th globally.

How does 1991 compare to 1990 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 78.88% in 1990 to 81.65% in 1991, a 3.5% increase.

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