Home → Faroe Islands → Trade Openness → 2002

Faroe Islands - Trade Openness 2002

Name: Faroe Islands Trade Openness 2002
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

98.62% −6.28% from 2001 Global rank: 128th

Faroe Islands's trade openness was 98.62% in 2002, decreased +6.28% from 104.90% in 2001. This was the 128th highest globally.

Global Ranking - 2002▾

Trade Openness by Country - 2002
Rank	Country	Value	YoY
1st	Japan	20.45%	4.5%
2nd	United States	22.29%	-3.0%
3rd	Pakistan	23.13%	-1.9%
4th	Cuba	24.73%	-15.8%
5th	Haiti	24.94%	-9.5%
6th	Sudan	25.63%	26.3%
7th	Tanzania	27.50%	-1.9%
8th	Rwanda	27.61%	-5.4%
9th	Brazil	27.62%	2.5%
10th	Bangladesh	28.97%	-9.8%
11th	Congo, Democratic Republic of	29.32%	17.1%
12th	India	29.51%	13.5%
13th	Niger	30.83%	-6.6%
14th	Burkina Faso	31.31%	-1.1%
15th	Colombia	32.98%	-2.7%
16th	Peru	35.25%	0.5%
17th	Comoros	35.76%	0.0%
18th	Central African Republic	36.11%	-9.1%
19th	Uganda	36.28%	2.7%
20th	Guinea	38.03%	-5.4%
21st	Sierra Leone	38.92%	8.3%
22nd	Guinea-Bissau	39.68%	-16.6%
23rd	Uruguay	40.03%	10.2%
24th	Egypt, Arab Republic of	40.99%	3.0%
25th	Australia	41.38%	-6.2%
26th	Argentina	41.75%	91.1%
27th	China	42.19%	10.8%
28th	Benin	43.77%	-9.3%
29th	Solomon Islands	45.13%	0.0%
30th	Mexico	45.21%	1.0%
31st	Nepal	46.23%	-17.1%
32nd	Mali	46.35%	-6.0%
33rd	Italy	47.87%	-4.0%
34th	Türkiye	48.10%	-3.7%
35th	Iran, Islamic Republic of	48.17%	18.8%
36th	Cameroon	48.48%	-6.0%
37th	Bolivia, Plurinational State of	49.35%	9.1%
38th	Greece	50.05%	-12.0%
39th	Madagascar	50.18%	22.3%
40th	Lebanon	51.04%	-8.1%
41st	United Kingdom	51.24%	-2.7%
42nd	Togo	51.61%	0.4%
43rd	Senegal	53.14%	6.9%
44th	South Africa	53.47%	8.7%
45th	Romania	53.71%	3.4%
46th	Serbia	54.30%	0.8%
47th	Morocco	54.31%	1.5%
48th	Ecuador	54.80%	-2.4%
49th	Spain	55.10%	-5.0%
50th	France	55.13%	-3.1%
51st	Kenya	55.17%	-1.4%
52nd	Côte d'Ivoire	55.90%	5.2%
53rd	New Caledonia	56.13%	-3.5%
54th	Algeria	56.59%	3.8%
55th	Korea	56.67%	-6.2%
56th	Mauritania	56.79%	-6.5%
57th	Nicaragua	58.09%	0.2%
58th	Germany	58.33%	-2.1%
59th	Uzbekistan	58.95%	3.8%
60th	Indonesia	59.08%	-15.4%
61st	Gambia, The	59.64%	27.1%
62nd	Russian Federation	59.65%	-2.4%
63rd	Poland	60.80%	5.0%
64th	Portugal	62.31%	-4.3%
65th	Chile	62.48%	0.5%
66th	New Zealand	62.66%	-6.8%
67th	Turkmenistan	63.70%	-22.3%
68th	Saudi Arabia	64.59%	1.6%
69th	Zambia	64.92%	0.4%
70th	Israel	65.47%	5.4%
71st	El Salvador	65.92%	0.0%
72nd	Albania	65.99%	2.7%
73rd	Zimbabwe	66.81%	-1.6%
74th	Guatemala	67.10%	-5.0%
75th	Lao PDR	67.25%	2.1%
76th	Norway	67.52%	-7.7%
77th	European Union	68.44%	-3.2%
78th	Iceland	68.71%	-7.1%
79th	Dominican Republic	68.72%	-2.5%
80th	Guam	68.89%	-
81st	Finland	69.32%	-1.4%
82nd	Bahamas, The	70.28%	-3.1%
83rd	Bhutan	70.28%	-1.1%
84th	North Macedonia	71.53%	0.1%
85th	Georgia	71.63%	13.1%
86th	Syrian Arab Republic	71.64%	6.3%
87th	Mozambique	73.31%	45.4%
88th	Tonga	73.84%	18.3%
89th	Armenia	73.98%	5.9%
90th	Yemen, Republic of	74.73%	5.4%
91st	Bulgaria	75.27%	-4.8%
92nd	Canada	75.71%	-3.4%
93rd	West Bank and Gaza	76.25%	-7.8%
94th	Sri Lanka	76.34%	-5.6%
95th	Eritrea	76.59%	6.3%
96th	Sweden	77.09%	-4.3%
97th	Bosnia and Herzegovina	78.73%	-8.5%
98th	Libya	78.86%	82.7%
99th	Paraguay	79.44%	9.4%
100th	Costa Rica	80.41%	-0.5%
101st	Croatia	81.16%	2.2%
102nd	Kuwait	81.23%	-6.5%
103rd	Kyrgyz Republic	82.92%	12.4%
104th	Oman	83.65%	-1.0%
105th	Philippines	83.84%	-1.2%
106th	Denmark	84.48%	0.7%
107th	Gabon	84.76%	1.3%
108th	Tunisia	85.34%	-4.7%
109th	Latvia	85.98%	-2.5%
110th	Austria	87.58%	-0.5%
111th	Samoa	87.92%	-
112th	Qatar	88.47%	-6.8%
113th	Angola	90.57%	-
114th	Czechia	90.88%	-7.8%
115th	Vanuatu	91.70%	4.5%
116th	Micronesia, Federated States of	91.73%	-5.7%
117th	Switzerland	91.78%	-4.4%
118th	Botswana	91.84%	4.9%
119th	Azerbaijan	92.82%	17.8%
120th	United Arab Emirates	93.07%	3.6%
121st	Belize	93.08%	-0.1%
122nd	Brunei Darussalam	93.22%	2.3%
123rd	Kazakhstan	94.03%	1.3%
124th	Namibia	94.42%	6.6%
125th	Montenegro	95.23%	-5.2%
126th	Ukraine	95.99%	-3.9%
127th	Ghana	97.49%	-11.4%
128th	Faroe Islands	98.62%	-6.0%
129th	Lithuania	100.33%	7.3%
130th	Cabo Verde	101.09%	9.7%
131st	Marshall Islands	102.32%	-13.8%
132nd	Slovenia	104.88%	-0.7%
133rd	Puerto Rico (US)	106.33%	-3.2%
134th	Netherlands	112.75%	-5.6%
135th	Jordan	114.04%	4.3%
136th	Thailand	114.97%	-4.4%
137th	Viet Nam	116.70%	4.2%
138th	Honduras	118.00%	1.8%
139th	Mauritius	118.23%	-7.7%
140th	Hungary	118.27%	-9.7%
141st	Cambodia	118.27%	5.8%
142nd	Mongolia	118.52%	2.3%
143rd	Papua New Guinea	118.92%	1.1%
144th	Iraq	119.76%	-5.5%
145th	Slovak Republic	120.60%	-1.1%
146th	Estonia	123.28%	-2.6%
147th	Cyprus	123.64%	-6.2%
148th	Kiribati	125.63%	13.4%
149th	Panama	126.02%	-7.1%
150th	Chad	126.35%	96.4%
151st	Moldova	129.84%	4.3%
152nd	Belarus	131.00%	-4.4%
153rd	Bahrain	131.13%	3.2%
154th	Aruba	133.23%	-5.1%
155th	Congo, Republic of	135.46%	3.6%
156th	Belgium	136.09%	-2.5%
157th	Tajikistan	138.68%	-5.4%
158th	Northern Mariana Islands	151.95%	-
159th	Macao SAR, China	152.38%	1.6%
160th	Seychelles	156.93%	-12.8%
161st	Malta	162.52%	0.7%
162nd	Ireland	163.72%	-6.4%
163rd	Timor-Leste	180.40%	8.2%
164th	Guyana	196.73%	-1.4%
165th	Malaysia	199.36%	-2.0%
166th	American Samoa	210.94%	-
167th	Luxembourg	250.69%	-7.4%
168th	Hong Kong SAR, China	256.00%	6.3%
169th	Virgin Islands (US)	283.17%	-
170th	Singapore	349.75%	0.1%

FAQ

What was Faroe Islands's trade openness in 2002?▾

Faroe Islands's trade openness in 2002 was 98.62%. This ranked 128th globally.

How did Faroe Islands's trade openness change in 2002?▾

Faroe Islands's trade openness decreased by 6.0% in 2002 compared to 2001.

Which country had the highest trade openness in 2002?▾

Singapore had the highest trade openness in 2002 at 349.75%.

What is the trade openness of Faroe Islands in 2002?▾

The trade openness of Faroe Islands in 2002 was 98.62%. This ranked 128th globally.

How does 2002 compare to 2001 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 104.90% in 2001 to 98.62% in 2002, a 6.0% decrease.

← 2001

View all years

2003 →