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Faroe Islands - Trade Openness 1993

Trade as % of GDP · World Bank
72.70% −12.16% from 1992 Global rank: 93rd

Faroe Islands's trade openness was 72.70% in 1993, decreased +12.16% from 84.86% in 1992. This was the 93rd highest globally.

Global Ranking - 1993▾
Trade Openness by Country - 1993
RankCountryValueYoY
1st Iraq 0.54% -71.6%
2nd Sudan 11.47% -41.7%
3rd Japan 15.72% -7.6%
4th Argentina 16.22% 10.1%
5th Brazil 19.60% 1.8%
6th India 19.65% 6.6%
7th United States 20.04% 0.5%
8th Bangladesh 23.12% 16.0%
9th Rwanda 25.68% 7.8%
10th French Polynesia 25.94% 2.0%
11th Niger 26.10% -9.1%
12th Cameroon 26.16% -32.7%
13th Mexico 26.16% -26.4%
14th Uganda 28.24% -14.6%
15th Peru 28.77% 2.8%
16th Cuba 28.92% -17.7%
17th Burkina Faso 29.63% 4.4%
18th Madagascar 32.87% -0.9%
19th Türkiye 33.02% 4.0%
20th Australia 35.35% 7.1%
21st South Africa 35.70% 4.0%
22nd Comoros 35.76% 0.0%
23rd Mali 35.78% -5.8%
24th China 35.91% 19.6%
25th Greece 36.03% -4.6%
26th Colombia 36.18% 7.6%
27th Spain 37.00% 2.7%
28th Guinea 37.45% 7.2%
29th Italy 37.67% 8.2%
30th Pakistan 38.50% 2.1%
31st Uruguay 38.68% -3.5%
32nd Senegal 38.77% -6.5%
33rd Germany 39.75% -11.0%
34th Central African Republic 39.99% -7.5%
35th Guinea-Bissau 41.59% -24.4%
36th France 41.73% -5.1%
37th Chad 42.65% 18.8%
38th Togo 42.71% -14.0%
39th Ecuador 43.17% -3.6%
40th New Caledonia 43.38% -4.4%
41st Guatemala 43.78% -3.5%
42nd Algeria 44.92% -8.7%
43rd Tanzania 45.24% 26.8%
44th Korea 45.42% -3.8%
45th Iran, Islamic Republic of 46.04% 14.0%
46th Mauritania 46.08% 8.9%
47th Nepal 47.19% 13.2%
48th Bolivia, Plurinational State of 47.47% -3.3%
49th Cambodia 48.72% -
50th Haiti 48.75% 49.8%
51st Morocco 49.67% -1.2%
52nd United Kingdom 49.75% 7.4%
53rd Philippines 50.47% 12.2%
54th Indonesia 50.52% -12.0%
55th Romania 51.00% -20.3%
56th European Union 51.83% -2.9%
57th Ukraine 52.07% 13.3%
58th Lao PDR 52.63% 19.3%
59th Sierra Leone 52.86% -18.0%
60th Chile 52.91% -4.7%
61st Hungary 53.41% -3.4%
62nd El Salvador 53.53% 10.0%
63rd Portugal 54.18% -3.8%
64th Mozambique 55.24% -6.9%
65th Côte d'Ivoire 55.35% -7.8%
66th Benin 55.38% -2.4%
67th Egypt, Arab Republic of 55.93% -5.7%
68th Ghana 56.67% 23.2%
69th New Zealand 57.55% -2.8%
70th Seychelles 57.89% 10.5%
71st Yemen, Republic of 58.14% 26.0%
72nd Finland 58.23% 15.9%
73rd Sweden 58.23% 14.5%
74th Canada 58.25% 10.5%
75th Iceland 59.48% 2.8%
76th Libya 59.79% 6.7%
77th Israel 60.01% 9.3%
78th Cabo Verde 60.31% -28.2%
79th Zimbabwe 63.17% -0.9%
80th Austria 63.51% -6.5%
81st Gambia, The 64.63% -4.2%
82nd Oman 65.08% 0.5%
83rd Denmark 65.64% -2.0%
84th Viet Nam 66.21% -10.0%
85th Norway 67.25% 0.8%
86th Tonga 67.44% -7.1%
87th Saudi Arabia 67.81% -9.7%
88th Nicaragua 68.29% -3.2%
89th Russian Federation 68.70% -37.9%
90th Syrian Arab Republic 68.77% 7.6%
91st Tajikistan 70.20% -
92nd Brunei Darussalam 70.51% 0.8%
93rd Faroe Islands 72.70% -14.3%
94th Kenya 72.86% 37.6%
95th Congo, Republic of 74.18% 29.8%
96th Kyrgyz Republic 74.71% -10.2%
97th Belize 75.75% -5.7%
98th Lebanon 76.35% -7.8%
99th Sri Lanka 77.15% 6.0%
100th Switzerland 77.67% -1.5%
101st Thailand 77.75% -0.3%
102nd Dominican Republic 78.00% -3.1%
103rd Czechia 78.20% 0.3%
104th Bhutan 78.76% -14.2%
105th Costa Rica 79.35% 4.3%
106th Albania 80.52% -26.0%
107th Gabon 83.34% 4.3%
108th Bulgaria 84.04% -16.0%
109th Kazakhstan 84.63% -43.3%
110th Botswana 86.21% -3.9%
111th Tunisia 88.41% 2.8%
112th Papua New Guinea 89.59% -4.2%
113th Kuwait 92.06% -2.8%
114th Vanuatu 94.97% 0.4%
115th Cyprus 95.42% -13.3%
116th Slovenia 96.02% -2.4%
117th Namibia 96.10% 4.5%
118th North Macedonia 96.44% -5.8%
119th Puerto Rico (US) 97.98% -6.9%
120th Kiribati 98.16% -12.2%
121st Honduras 98.25% 15.9%
122nd Netherlands 99.03% -3.0%
123rd Eritrea 102.06% 81.0%
124th Bahamas, The 103.36% 1.9%
125th Armenia 107.97% 6.8%
126th Belgium 109.01% -5.3%
127th Slovak Republic 110.83% -15.7%
128th Paraguay 113.60% 26.9%
129th Ireland 116.60% 6.4%
130th Georgia 118.64% 16.4%
131st Mauritius 120.90% 0.6%
132nd Mongolia 129.74% 98.7%
133rd Jordan 130.49% -0.9%
134th Estonia 132.13% -
135th Azerbaijan 133.49% -5.2%
136th Macao SAR, China 134.57% -8.5%
137th Panama 139.68% -3.6%
138th Bahrain 144.76% -9.1%
139th Turkmenistan 146.07% 38.7%
140th Belarus 150.96% 28.6%
141st Malaysia 157.94% 4.9%
142nd Solomon Islands 161.47% 7.8%
143rd Malta 178.91% 5.0%
144th Luxembourg 181.40% -0.6%
145th Hong Kong SAR, China 233.97% -2.6%
146th Guyana 245.37% -10.8%
147th Singapore 313.42% 0.7%
Source: World Bank (NE.TRD.GNFS.ZS)

FAQ

What was Faroe Islands's trade openness in 1993?▾

Faroe Islands's trade openness in 1993 was 72.70%. This ranked 93rd globally.

How did Faroe Islands's trade openness change in 1993?▾

Faroe Islands's trade openness decreased by 14.3% in 1993 compared to 1992.

Which country had the highest trade openness in 1993?▾

Singapore had the highest trade openness in 1993 at 313.42%.

What is the trade openness of Faroe Islands in 1993?▾

The trade openness of Faroe Islands in 1993 was 72.70%. This ranked 93rd globally.

How does 1993 compare to 1992 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 84.86% in 1992 to 72.70% in 1993, a 14.3% decrease.

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Related
1992 1994 All years Full ranking 1993 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 vs Netherlands vs Denmark Global Ranking