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Faroe Islands - Trade Openness 1998

Name: Faroe Islands Trade Openness 1998
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

91.61% −6.02% from 1997 Global rank: 116th

Faroe Islands's trade openness was 91.61% in 1998, decreased +6.02% from 97.63% in 1997. This was the 116th highest globally.

Global Ranking - 1998▾

Trade Openness by Country - 1998
Rank	Country	Value	YoY
1st	Brazil	16.44%	-0.8%
2nd	Japan	19.00%	-3.9%
3rd	Sudan	21.88%	22.5%
4th	United States	22.83%	-2.6%
5th	Argentina	23.35%	0.1%
6th	India	23.70%	4.8%
7th	Tanzania	26.14%	-9.4%
8th	Bangladesh	27.88%	5.9%
9th	Rwanda	28.79%	-14.0%
10th	Iran, Islamic Republic of	29.23%	-10.5%
11th	Uganda	30.04%	-12.0%
12th	French Polynesia	31.75%	9.5%
13th	China	32.17%	-6.2%
14th	Cuba	32.50%	-0.8%
15th	Peru	32.95%	-1.5%
16th	Guinea	33.06%	13.7%
17th	Pakistan	34.01%	-7.7%
18th	Niger	35.02%	5.6%
19th	Sierra Leone	35.33%	24.9%
20th	Uruguay	35.64%	-5.5%
21st	Comoros	35.76%	0.0%
22nd	Colombia	35.91%	0.9%
23rd	Haiti	36.52%	-1.0%
24th	Madagascar	37.33%	1.2%
25th	Mozambique	39.01%	-9.9%
26th	Serbia	39.17%	19.9%
27th	Mali	39.83%	-11.6%
28th	Australia	39.92%	5.3%
29th	Libya	40.25%	-17.2%
30th	Türkiye	40.38%	-5.6%
31st	Burkina Faso	40.94%	9.4%
32nd	Egypt, Arab Republic of	41.93%	-4.1%
33rd	Cameroon	42.29%	-12.7%
34th	Greece	42.49%	7.7%
35th	Ecuador	43.40%	-3.6%
36th	Guinea-Bissau	43.50%	-37.4%
37th	South Africa	44.04%	4.1%
38th	Guatemala	44.42%	6.9%
39th	Italy	45.00%	1.2%
40th	Algeria	45.09%	-13.7%
41st	Uzbekistan	45.42%	-20.6%
42nd	Morocco	45.67%	-10.7%
43rd	Albania	47.13%	5.4%
44th	Mexico	48.03%	3.3%
45th	Chad	48.06%	-2.5%
46th	Senegal	48.10%	1.8%
47th	Kenya	48.90%	-9.5%
48th	United Kingdom	49.14%	-3.1%
49th	Germany	50.16%	3.7%
50th	Central African Republic	51.05%	-8.5%
51st	Mauritania	51.39%	-18.1%
52nd	France	51.42%	3.2%
53rd	New Caledonia	51.72%	15.7%
54th	Bolivia, Plurinational State of	52.28%	3.6%
55th	Spain	52.73%	2.9%
56th	Georgia	53.57%	-7.2%
57th	Côte d'Ivoire	53.65%	-0.7%
58th	Chile	53.84%	-0.5%
59th	Romania	53.84%	-14.8%
60th	Gambia, The	53.87%	11.5%
61st	Lebanon	54.72%	-11.9%
62nd	Togo	55.74%	4.8%
63rd	Russian Federation	55.77%	18.0%
64th	Saudi Arabia	56.09%	-14.0%
65th	Zambia	56.25%	-3.5%
66th	Poland	56.55%	12.2%
67th	Nepal	56.71%	-11.4%
68th	Israel	56.90%	-1.2%
69th	Nicaragua	57.01%	-1.7%
70th	New Zealand	57.90%	4.8%
71st	Benin	59.59%	1.5%
72nd	El Salvador	60.87%	-4.2%
73rd	Syrian Arab Republic	61.42%	-7.2%
74th	Congo, Democratic Republic of	62.68%	85.7%
75th	European Union	63.25%	2.1%
76th	Portugal	63.83%	2.4%
77th	Croatia	64.98%	-13.2%
78th	Kazakhstan	65.20%	-9.9%
79th	Korea	66.33%	18.7%
80th	Finland	66.99%	-1.8%
81st	Iceland	70.77%	2.2%
82nd	Denmark	71.35%	0.1%
83rd	Norway	71.62%	-0.7%
84th	Armenia	71.84%	-8.5%
85th	Yemen, Republic of	72.66%	-9.3%
86th	Sweden	74.33%	3.3%
87th	Cambodia	75.62%	-4.2%
88th	Dominican Republic	75.91%	2.3%
89th	North Macedonia	76.59%	6.6%
90th	Bulgaria	77.05%	-10.9%
91st	Azerbaijan	77.23%	-5.9%
92nd	Austria	77.35%	2.8%
93rd	Bahamas, The	77.73%	-2.5%
94th	Canada	78.08%	5.0%
95th	Tonga	78.29%	9.0%
96th	Sri Lanka	78.49%	-2.0%
97th	Brunei Darussalam	78.73%	2.1%
98th	Seychelles	78.97%	3.0%
99th	Tunisia	79.98%	-0.6%
100th	Philippines	80.08%	3.7%
101st	Oman	80.48%	12.4%
102nd	Ghana	80.60%	-5.6%
103rd	Cabo Verde	81.88%	-4.8%
104th	Solomon Islands	83.14%	-17.6%
105th	Czechia	83.94%	-0.3%
106th	Lao PDR	84.27%	29.3%
107th	Kiribati	85.01%	-9.4%
108th	Belize	85.28%	-0.2%
109th	Bhutan	85.58%	0.4%
110th	Ukraine	86.05%	2.1%
111th	Switzerland	88.22%	-0.3%
112th	Zimbabwe	88.51%	7.7%
113th	West Bank and Gaza	88.99%	-1.5%
114th	Lithuania	89.37%	-10.3%
115th	Qatar	91.06%	7.8%
116th	Faroe Islands	91.61%	-6.2%
117th	Costa Rica	92.04%	5.1%
118th	Namibia	92.13%	-0.8%
119th	Latvia	93.05%	2.3%
120th	Kyrgyz Republic	94.51%	11.9%
121st	Vanuatu	94.74%	-1.5%
122nd	Eritrea	94.93%	-17.8%
123rd	Kuwait	94.96%	2.7%
124th	Gabon	95.97%	-2.6%
125th	Indonesia	96.19%	71.8%
126th	Puerto Rico (US)	96.27%	2.3%
127th	Turkmenistan	96.32%	-7.1%
128th	Viet Nam	97.00%	2.8%
129th	Slovenia	97.07%	0.7%
130th	Thailand	100.24%	5.5%
131st	Paraguay	101.61%	5.9%
132nd	Botswana	101.84%	-6.2%
133rd	Slovak Republic	101.91%	-13.1%
134th	Micronesia, Federated States of	102.53%	-4.3%
135th	Papua New Guinea	102.86%	3.7%
136th	Tajikistan	106.90%	-41.1%
137th	Hungary	107.32%	13.3%
138th	Mongolia	107.35%	7.4%
139th	Jordan	109.05%	-9.7%
140th	Marshall Islands	111.95%	4.1%
141st	Netherlands	112.41%	-1.7%
142nd	Bahrain	113.00%	-13.5%
143rd	Moldova	116.80%	-8.4%
144th	Honduras	122.70%	1.0%
145th	Belarus	122.96%	-2.0%
146th	Belgium	124.71%	-0.8%
147th	Macao SAR, China	124.89%	1.3%
148th	Bosnia and Herzegovina	125.67%	24.9%
149th	Mauritius	130.44%	3.4%
150th	Iraq	132.24%	24.5%
151st	Cyprus	134.91%	-3.5%
152nd	Congo, Republic of	148.90%	9.7%
153rd	Estonia	156.84%	3.8%
154th	Malta	157.05%	0.9%
155th	Ireland	157.77%	10.9%
156th	Panama	158.00%	-9.6%
157th	Aruba	163.27%	-3.3%
158th	Guyana	203.84%	-2.5%
159th	Malaysia	209.49%	12.8%
160th	Hong Kong SAR, China	221.13%	-5.3%
161st	Luxembourg	236.57%	11.5%
162nd	Singapore	312.08%	-3.6%

FAQ

What was Faroe Islands's trade openness in 1998?▾

Faroe Islands's trade openness in 1998 was 91.61%. This ranked 116th globally.

How did Faroe Islands's trade openness change in 1998?▾

Faroe Islands's trade openness decreased by 6.2% in 1998 compared to 1997.

Which country had the highest trade openness in 1998?▾

Singapore had the highest trade openness in 1998 at 312.08%.

What is the trade openness of Faroe Islands in 1998?▾

The trade openness of Faroe Islands in 1998 was 91.61%. This ranked 116th globally.

How does 1998 compare to 1997 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 97.63% in 1997 to 91.61% in 1998, a 6.2% decrease.

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