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Faroe Islands - Trade Openness 2004

Name: Faroe Islands Trade Openness 2004
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

93.42% −14.84% from 2003 Global rank: 116th

Faroe Islands's trade openness was 93.42% in 2004, decreased +14.84% from 108.26% in 2003. This was the 116th highest globally.

Global Ranking - 2004▾

Trade Openness by Country - 2004
Rank	Country	Value	YoY
1st	Japan	23.66%	11.0%
2nd	United States	24.45%	8.0%
3rd	Pakistan	24.81%	0.6%
4th	Bangladesh	26.86%	-2.9%
5th	Brazil	29.68%	5.5%
6th	Sudan	30.43%	15.1%
7th	Cuba	31.31%	17.8%
8th	Central African Republic	33.24%	-8.2%
9th	Rwanda	33.46%	14.2%
10th	Tanzania	33.61%	10.4%
11th	Haiti	33.78%	-9.2%
12th	Guinea	34.60%	-1.4%
13th	Uganda	35.46%	-3.1%
14th	Burkina Faso	35.48%	16.8%
15th	Comoros	35.76%	0.0%
16th	Colombia	35.86%	-1.8%
17th	Australia	36.95%	-7.9%
18th	Niger	36.96%	10.7%
19th	India	37.50%	22.6%
20th	Benin	39.90%	-4.1%
21st	Argentina	40.69%	0.1%
22nd	Cameroon	41.84%	4.0%
23rd	Peru	41.94%	11.5%
24th	Guinea-Bissau	43.19%	13.6%
25th	Mali	44.01%	-6.1%
26th	South Africa	45.64%	-0.2%
27th	Nepal	46.15%	4.3%
28th	Sierra Leone	46.17%	-0.6%
29th	Italy	47.27%	2.8%
30th	Madagascar	48.78%	43.3%
31st	Türkiye	48.99%	5.7%
32nd	Congo, Democratic Republic of	49.34%	-8.7%
33rd	Greece	49.83%	4.0%
34th	Gambia, The	49.93%	-27.5%
35th	United Kingdom	50.29%	0.4%
36th	Iran, Islamic Republic of	51.31%	1.3%
37th	Mexico	52.04%	6.9%
38th	Senegal	53.66%	5.6%
39th	France	53.75%	2.2%
40th	Spain	54.48%	2.0%
41st	Morocco	55.55%	6.2%
42nd	Ecuador	56.07%	7.1%
43rd	Russian Federation	56.58%	-4.3%
44th	Bolivia, Plurinational State of	57.46%	10.6%
45th	Egypt, Arab Republic of	57.82%	25.2%
46th	Togo	57.87%	4.5%
47th	Côte d'Ivoire	58.12%	9.1%
48th	New Caledonia	58.58%	-5.3%
49th	China	58.64%	14.8%
50th	New Zealand	58.80%	1.5%
51st	Turkmenistan	59.32%	-6.1%
52nd	Kenya	59.48%	9.9%
53rd	Indonesia	59.76%	11.5%
54th	Romania	60.63%	7.9%
55th	Algeria	61.36%	6.2%
56th	Uruguay	61.48%	18.8%
57th	Solomon Islands	62.81%	12.2%
58th	Germany	62.91%	6.8%
59th	Portugal	63.20%	3.4%
60th	Albania	65.04%	0.3%
61st	Eritrea	65.57%	-11.4%
62nd	Lao PDR	66.08%	9.1%
63rd	Nicaragua	67.20%	8.1%
64th	Korea	67.93%	14.3%
65th	Guam	68.00%	6.2%
66th	Norway	68.67%	3.5%
67th	Iceland	69.73%	3.5%
68th	El Salvador	69.78%	2.3%
69th	Chile	69.89%	6.4%
70th	Canada	70.19%	0.5%
71st	Guatemala	70.21%	4.8%
72nd	European Union	70.40%	4.5%
73rd	Zambia	70.81%	13.6%
74th	Finland	70.97%	4.3%
75th	Poland	70.98%	2.6%
76th	Yemen, Republic of	71.85%	-3.4%
77th	Mozambique	72.05%	2.7%
78th	Serbia	72.29%	24.0%
79th	Samoa	72.53%	-4.9%
80th	Armenia	73.07%	-8.7%
81st	Tonga	73.97%	1.0%
82nd	Israel	74.97%	12.1%
83rd	Saudi Arabia	75.08%	7.5%
84th	Mauritania	75.22%	36.0%
85th	Bahamas, The	76.00%	6.9%
86th	Zimbabwe	76.04%	7.9%
87th	Uzbekistan	76.60%	8.7%
88th	Syrian Arab Republic	78.11%	26.9%
89th	Sweden	78.74%	4.5%
90th	Georgia	79.04%	1.8%
91st	Sri Lanka	79.48%	5.5%
92nd	Paraguay	80.10%	-1.3%
93rd	North Macedonia	80.87%	13.8%
94th	West Bank and Gaza	81.12%	6.2%
95th	Dominican Republic	81.35%	-3.7%
96th	Croatia	81.64%	0.2%
97th	Gabon	81.77%	1.8%
98th	Bosnia and Herzegovina	81.81%	1.5%
99th	Namibia	81.86%	-14.7%
100th	Denmark	82.01%	1.5%
101st	Brunei Darussalam	84.88%	-4.7%
102nd	Costa Rica	85.26%	2.3%
103rd	Belize	86.39%	-8.5%
104th	Tunisia	86.93%	5.5%
105th	Philippines	87.13%	-0.5%
106th	Greenland	88.15%	1.0%
107th	Oman	88.61%	4.4%
108th	Bhutan	89.06%	22.3%
109th	Kuwait	89.30%	3.2%
110th	Qatar	90.37%	0.2%
111th	Angola	90.39%	-0.3%
112th	Lebanon	90.97%	68.2%
113th	Botswana	91.00%	6.0%
114th	Austria	91.47%	5.3%
115th	Bulgaria	93.06%	17.8%
116th	Faroe Islands	93.42%	-13.7%
117th	Kyrgyz Republic	93.82%	11.8%
118th	Switzerland	95.52%	5.7%
119th	Micronesia, Federated States of	95.53%	-1.2%
120th	Libya	96.13%	6.1%
121st	Kazakhstan	96.41%	5.4%
122nd	Latvia	97.24%	9.8%
123rd	Vanuatu	98.71%	7.8%
124th	Ghana	99.67%	2.4%
125th	Montenegro	100.11%	29.0%
126th	Kiribati	101.36%	-2.5%
127th	Cabo Verde	101.57%	2.8%
128th	Chad	101.77%	22.1%
129th	Lithuania	104.07%	6.1%
130th	Mauritius	107.03%	-1.5%
131st	Timor-Leste	107.33%	-12.2%
132nd	Ukraine	109.98%	7.2%
133rd	Slovenia	112.40%	8.8%
134th	Czechia	113.17%	19.6%
135th	Cyprus	113.90%	-0.1%
136th	Marshall Islands	114.02%	-2.6%
137th	United Arab Emirates	116.62%	14.0%
138th	Netherlands	116.96%	5.1%
139th	Puerto Rico (US)	117.00%	-1.5%
140th	Iraq	120.23%	-22.0%
141st	Azerbaijan	121.51%	13.0%
142nd	Hungary	123.62%	5.8%
143rd	Panama	124.76%	6.4%
144th	Thailand	127.41%	9.2%
145th	Tajikistan	128.34%	-6.8%
146th	Estonia	129.95%	5.9%
147th	Papua New Guinea	131.08%	6.2%
148th	Mongolia	131.33%	9.2%
149th	Cambodia	131.35%	9.4%
150th	Congo, Republic of	131.37%	-16.3%
151st	Aruba	132.43%	-0.3%
152nd	Moldova	132.70%	-5.3%
153rd	Viet Nam	133.02%	7.0%
154th	Jordan	134.62%	16.3%
155th	Honduras	135.46%	10.8%
156th	Belgium	136.92%	3.2%
157th	Slovak Republic	140.22%	11.3%
158th	Bahrain	140.74%	9.9%
159th	Belarus	142.14%	6.0%
160th	Ireland	146.59%	0.0%
161st	Macao SAR, China	148.90%	-1.2%
162nd	Seychelles	149.54%	-11.4%
163rd	Malta	155.89%	0.9%
164th	Northern Mariana Islands	178.10%	16.6%
165th	Guyana	200.73%	6.1%
166th	American Samoa	202.36%	-2.5%
167th	Malaysia	210.37%	8.3%
168th	Luxembourg	265.23%	8.3%
169th	Hong Kong SAR, China	326.84%	11.8%
170th	Singapore	401.52%	6.4%
171st	Virgin Islands (US)	435.16%	19.9%

FAQ

What was Faroe Islands's trade openness in 2004?▾

Faroe Islands's trade openness in 2004 was 93.42%. This ranked 116th globally.

How did Faroe Islands's trade openness change in 2004?▾

Faroe Islands's trade openness decreased by 13.7% in 2004 compared to 2003.

Which country had the highest trade openness in 2004?▾

Virgin Islands (US) had the highest trade openness in 2004 at 435.16%.

What is the trade openness of Faroe Islands in 2004?▾

The trade openness of Faroe Islands in 2004 was 93.42%. This ranked 116th globally.

How does 2004 compare to 2003 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 108.26% in 2003 to 93.42% in 2004, a 13.7% decrease.

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