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Faroe Islands - Trade Openness 2001

Name: Faroe Islands Trade Openness 2001
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

104.90% −5.64% from 2000 Global rank: 127th

Faroe Islands's trade openness was 104.90% in 2001, decreased +5.64% from 110.55% in 2000. This was the 127th highest globally.

Global Ranking - 2001▾

Trade Openness by Country - 2001
Rank	Country	Value	YoY
1st	Japan	19.56%	0.0%
2nd	Sudan	20.29%	-31.0%
3rd	Argentina	21.85%	-3.4%
4th	United States	22.97%	-8.5%
5th	Pakistan	23.58%	9.9%
6th	Congo, Democratic Republic of	25.04%	-7.3%
7th	India	25.99%	-3.4%
8th	Brazil	26.94%	19.0%
9th	Haiti	27.57%	1.5%
10th	Tanzania	28.03%	16.8%
11th	Rwanda	29.20%	6.2%
12th	Cuba	29.36%	-5.5%
13th	Burkina Faso	31.66%	-9.9%
14th	Bangladesh	32.10%	9.5%
15th	Niger	33.01%	-4.9%
16th	Colombia	33.90%	3.8%
17th	Peru	35.06%	-1.3%
18th	Uganda	35.33%	7.9%
19th	Comoros	35.76%	0.0%
20th	Sierra Leone	35.94%	-37.5%
21st	Uruguay	36.31%	-1.1%
22nd	China	38.08%	-2.4%
23rd	Central African Republic	39.73%	-13.0%
24th	Egypt, Arab Republic of	39.81%	2.0%
25th	Guinea	40.19%	9.6%
26th	Iran, Islamic Republic of	40.54%	-1.7%
27th	Madagascar	41.04%	-4.1%
28th	Libya	43.17%	-4.7%
29th	Australia	44.13%	8.0%
30th	Mexico	44.74%	-10.4%
31st	Solomon Islands	45.11%	-23.0%
32nd	Bolivia, Plurinational State of	45.23%	-0.8%
33rd	Gambia, The	46.93%	-16.7%
34th	Guinea-Bissau	47.58%	-9.8%
35th	Benin	48.26%	1.9%
36th	South Africa	49.17%	6.4%
37th	Mali	49.32%	10.4%
38th	Senegal	49.72%	2.1%
39th	Italy	49.86%	-0.8%
40th	Türkiye	49.94%	17.9%
41st	Mozambique	50.42%	5.2%
42nd	Togo	51.39%	5.3%
43rd	Cameroon	51.57%	7.6%
44th	Romania	51.93%	7.0%
45th	United Kingdom	52.63%	0.6%
46th	Côte d'Ivoire	53.11%	-3.4%
47th	Morocco	53.49%	0.1%
48th	Serbia	53.90%	155.3%
49th	Algeria	54.53%	-13.2%
50th	Lebanon	55.56%	10.9%
51st	Nepal	55.80%	0.2%
52nd	Kenya	55.95%	4.9%
53rd	Ecuador	56.13%	-14.2%
54th	Uzbekistan	56.78%	28.9%
55th	Greece	56.86%	-3.8%
56th	France	56.89%	-1.5%
57th	Poland	57.88%	-4.5%
58th	Nicaragua	57.98%	-5.4%
59th	Spain	58.01%	-3.5%
60th	New Caledonia	58.18%	-3.6%
61st	Germany	59.56%	0.6%
62nd	Korea	60.43%	-5.7%
63rd	Mauritania	60.70%	3.0%
64th	Russian Federation	61.11%	-10.3%
65th	Israel	62.14%	-9.1%
66th	Chile	62.14%	5.8%
67th	Tonga	62.41%	1.5%
68th	Georgia	63.33%	1.1%
69th	Saudi Arabia	63.56%	-6.8%
70th	Albania	64.25%	4.3%
71st	Chad	64.32%	24.7%
72nd	Zambia	64.67%	7.1%
73rd	Portugal	65.09%	-3.5%
74th	El Salvador	65.89%	-4.1%
75th	Lao PDR	65.90%	-4.3%
76th	New Zealand	67.23%	-1.9%
77th	Syrian Arab Republic	67.37%	3.2%
78th	Zimbabwe	67.90%	-8.3%
79th	Indonesia	69.79%	-2.3%
80th	Armenia	69.86%	-3.3%
81st	Finland	70.28%	-6.2%
82nd	Dominican Republic	70.51%	-11.1%
83rd	Guatemala	70.67%	43.8%
84th	European Union	70.73%	-1.2%
85th	Yemen, Republic of	70.89%	-6.0%
86th	Bhutan	71.09%	-4.0%
87th	North Macedonia	71.48%	-10.8%
88th	Eritrea	72.06%	6.2%
89th	Bahamas, The	72.50%	-9.0%
90th	Paraguay	72.61%	-7.7%
91st	Norway	73.16%	-1.6%
92nd	Kyrgyz Republic	73.75%	-17.5%
93rd	Iceland	73.94%	5.3%
94th	Canada	78.34%	-5.3%
95th	Azerbaijan	78.82%	0.3%
96th	Bulgaria	79.08%	1.7%
97th	Croatia	79.44%	6.5%
98th	Sweden	80.57%	-1.1%
99th	Costa Rica	80.85%	-6.6%
100th	Sri Lanka	80.90%	-8.7%
101st	Turkmenistan	81.99%	-20.8%
102nd	West Bank and Gaza	82.73%	-5.6%
103rd	Gabon	83.64%	-17.8%
104th	Denmark	83.92%	1.1%
105th	Oman	84.53%	3.8%
106th	Philippines	84.90%	-0.3%
107th	Bosnia and Herzegovina	86.04%	0.8%
108th	Kuwait	86.85%	0.3%
109th	Botswana	87.53%	-4.8%
110th	Vanuatu	87.77%	0.7%
111th	Austria	88.00%	2.5%
112th	Latvia	88.18%	5.5%
113th	Namibia	88.58%	4.1%
114th	Tunisia	89.55%	8.4%
115th	United Arab Emirates	89.86%	-
116th	Brunei Darussalam	91.10%	4.6%
117th	Cabo Verde	92.16%	5.3%
118th	Kazakhstan	92.85%	-12.2%
119th	Belize	93.16%	-3.6%
120th	Lithuania	93.49%	12.4%
121st	Qatar	94.97%	6.0%
122nd	Switzerland	96.04%	-1.9%
123rd	Micronesia, Federated States of	97.30%	5.9%
124th	Czechia	98.54%	1.1%
125th	Ukraine	99.93%	-13.7%
126th	Montenegro	100.41%	14.2%
127th	Faroe Islands	104.90%	-5.1%
128th	Slovenia	105.58%	0.9%
129th	Jordan	109.29%	-0.9%
130th	Puerto Rico (US)	109.89%	3.5%
131st	Ghana	110.05%	-5.2%
132nd	Kiribati	110.78%	17.6%
133rd	Cambodia	111.77%	1.2%
134th	Viet Nam	111.96%	0.5%
135th	Mongolia	115.82%	-5.0%
136th	Honduras	115.94%	-3.7%
137th	Papua New Guinea	117.58%	1.9%
138th	Marshall Islands	118.73%	-8.7%
139th	Netherlands	119.48%	-4.9%
140th	Thailand	120.27%	-0.8%
141st	Slovak Republic	121.93%	11.9%
142nd	Moldova	124.50%	-1.3%
143rd	Estonia	126.55%	0.0%
144th	Iraq	126.78%	1.2%
145th	Bahrain	127.03%	-6.5%
146th	Mauritius	128.05%	6.1%
147th	Congo, Republic of	130.73%	5.5%
148th	Hungary	130.90%	-4.6%
149th	Cyprus	131.85%	-4.1%
150th	Panama	135.58%	-2.6%
151st	Belarus	137.04%	-3.2%
152nd	Belgium	139.58%	-1.9%
153rd	Aruba	140.39%	-3.2%
154th	Tajikistan	146.66%	-16.4%
155th	Macao SAR, China	150.02%	1.5%
156th	Malta	161.33%	-14.9%
157th	Timor-Leste	166.74%	-5.1%
158th	Ireland	174.84%	-0.1%
159th	Seychelles	179.88%	18.9%
160th	Guyana	199.58%	-3.5%
161st	Malaysia	203.36%	-7.7%
162nd	Hong Kong SAR, China	240.85%	-2.7%
163rd	Luxembourg	270.77%	-0.6%
164th	Singapore	349.29%	-4.1%

FAQ

What was Faroe Islands's trade openness in 2001?▾

Faroe Islands's trade openness in 2001 was 104.90%. This ranked 127th globally.

How did Faroe Islands's trade openness change in 2001?▾

Faroe Islands's trade openness decreased by 5.1% in 2001 compared to 2000.

Which country had the highest trade openness in 2001?▾

Singapore had the highest trade openness in 2001 at 349.29%.

What is the trade openness of Faroe Islands in 2001?▾

The trade openness of Faroe Islands in 2001 was 104.90%. This ranked 127th globally.

How does 2001 compare to 2000 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 110.55% in 2000 to 104.90% in 2001, a 5.1% decrease.

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