Faroe Islands - Trade Openness 2005
100.96%
+7.55% from 2004
Faroe Islands's trade openness was 100.96% in 2005, increased +7.55% from 93.42% in 2004. This was the 126th highest globally.
Global Ranking - 2005▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | United States | 25.64% | 4.9% |
| 2nd | Japan | 26.23% | 10.8% |
| 3rd | Brazil | 27.09% | -8.7% |
| 4th | Pakistan | 29.88% | 20.4% |
| 5th | Burkina Faso | 34.17% | -3.7% |
| 6th | Rwanda | 34.22% | 2.3% |
| 7th | Bangladesh | 34.40% | 28.1% |
| 8th | Haiti | 34.97% | 3.5% |
| 9th | Central African Republic | 35.07% | 5.5% |
| 10th | Comoros | 35.76% | 0.0% |
| 11th | Sudan | 35.87% | 17.9% |
| 12th | Tanzania | 36.96% | 10.0% |
| 13th | Colombia | 37.42% | 4.3% |
| 14th | Niger | 38.35% | 3.7% |
| 15th | Uganda | 38.99% | 10.0% |
| 16th | Benin | 39.10% | -2.0% |
| 17th | Australia | 39.10% | 5.8% |
| 18th | Cuba | 39.36% | 25.7% |
| 19th | Argentina | 40.55% | -0.3% |
| 20th | India | 42.00% | 12.0% |
| 21st | Nepal | 44.06% | -4.5% |
| 22nd | Mali | 44.91% | 2.0% |
| 23rd | Cameroon | 45.00% | 7.6% |
| 24th | Guinea-Bissau | 45.78% | 6.0% |
| 25th | Türkiye | 46.31% | -5.5% |
| 26th | Peru | 47.36% | 12.9% |
| 27th | South Africa | 47.43% | 3.9% |
| 28th | Sierra Leone | 47.55% | 3.0% |
| 29th | Guinea | 47.94% | 38.6% |
| 30th | Italy | 49.12% | 3.9% |
| 31st | Gambia, The | 50.02% | 0.2% |
| 32nd | Greece | 50.36% | 1.1% |
| 33rd | Congo, Democratic Republic of | 51.03% | 3.4% |
| 34th | United Kingdom | 52.54% | 4.5% |
| 35th | Mexico | 52.56% | 1.0% |
| 36th | Turkmenistan | 53.97% | -9.0% |
| 37th | Iran, Islamic Republic of | 54.44% | 6.1% |
| 38th | Spain | 54.70% | 0.4% |
| 39th | Senegal | 54.90% | 2.3% |
| 40th | France | 55.82% | 3.9% |
| 41st | Russian Federation | 56.71% | 0.2% |
| 42nd | New Zealand | 58.02% | -1.3% |
| 43rd | French Polynesia | 58.88% | 110.7% |
| 44th | Uruguay | 58.88% | -4.2% |
| 45th | Madagascar | 59.13% | 21.2% |
| 46th | Romania | 59.36% | -2.1% |
| 47th | Eritrea | 61.11% | -6.8% |
| 48th | China | 61.36% | 4.6% |
| 49th | Togo | 61.45% | 6.2% |
| 50th | Morocco | 61.49% | 10.7% |
| 51st | Dominican Republic | 61.65% | -24.2% |
| 52nd | New Caledonia | 61.91% | 5.7% |
| 53rd | Ecuador | 61.96% | 10.5% |
| 54th | Zambia | 62.20% | -12.2% |
| 55th | Côte d'Ivoire | 62.82% | 8.1% |
| 56th | Portugal | 62.94% | -0.4% |
| 57th | Egypt, Arab Republic of | 62.95% | 8.9% |
| 58th | Indonesia | 63.99% | 7.1% |
| 59th | Kenya | 64.48% | 8.4% |
| 60th | Korea | 66.17% | -2.6% |
| 61st | Guam | 66.44% | -2.3% |
| 62nd | Solomon Islands | 66.57% | 6.0% |
| 63rd | Algeria | 66.84% | 8.9% |
| 64th | Germany | 66.95% | 6.4% |
| 65th | Guatemala | 67.10% | -4.4% |
| 66th | Bolivia, Plurinational State of | 67.64% | 17.7% |
| 67th | Albania | 69.12% | 6.3% |
| 68th | Uzbekistan | 69.53% | -9.2% |
| 69th | El Salvador | 69.72% | -0.1% |
| 70th | Canada | 69.76% | -0.6% |
| 71st | Armenia | 70.14% | -4.0% |
| 72nd | Poland | 70.31% | -0.9% |
| 73rd | Norway | 70.47% | 2.6% |
| 74th | Iceland | 71.21% | 2.1% |
| 75th | Nicaragua | 71.65% | 6.6% |
| 76th | Lao PDR | 71.79% | 8.6% |
| 77th | Serbia | 71.99% | -0.4% |
| 78th | Mozambique | 72.01% | -0.1% |
| 79th | Chile | 72.06% | 3.1% |
| 80th | European Union | 73.55% | 4.5% |
| 81st | Sri Lanka | 73.60% | -7.4% |
| 82nd | Timor-Leste | 74.67% | -30.4% |
| 83rd | Zimbabwe | 76.04% | 0.0% |
| 84th | Tonga | 76.21% | 3.0% |
| 85th | Samoa | 76.22% | 5.1% |
| 86th | Finland | 76.59% | 7.9% |
| 87th | Yemen, Republic of | 76.77% | 6.9% |
| 88th | Chad | 77.58% | -23.8% |
| 89th | Israel | 78.32% | 4.5% |
| 90th | Syrian Arab Republic | 80.13% | 2.6% |
| 91st | Namibia | 80.68% | -1.4% |
| 92nd | Bahamas, The | 81.40% | 7.1% |
| 93rd | Croatia | 81.49% | -0.2% |
| 94th | Brunei Darussalam | 81.62% | -3.8% |
| 95th | Saudi Arabia | 81.95% | 9.2% |
| 96th | West Bank and Gaza | 83.84% | 3.3% |
| 97th | Philippines | 83.85% | -3.8% |
| 98th | Gabon | 83.95% | 2.7% |
| 99th | Sweden | 84.17% | 6.9% |
| 100th | Bosnia and Herzegovina | 84.36% | 3.1% |
| 101st | Georgia | 84.53% | 6.9% |
| 102nd | Paraguay | 85.02% | 6.1% |
| 103rd | North Macedonia | 85.84% | 6.1% |
| 104th | Oman | 86.76% | -2.1% |
| 105th | Mauritania | 88.24% | 17.3% |
| 106th | Botswana | 88.51% | -2.7% |
| 107th | Costa Rica | 89.22% | 4.7% |
| 108th | Denmark | 89.40% | 9.0% |
| 109th | Tunisia | 90.25% | 3.8% |
| 110th | Libya | 90.86% | -5.5% |
| 111th | Kuwait | 92.24% | 3.3% |
| 112th | Lebanon | 92.76% | 2.0% |
| 113th | Belize | 93.00% | 7.7% |
| 114th | Micronesia, Federated States of | 94.35% | -1.2% |
| 115th | Ukraine | 94.65% | -13.9% |
| 116th | Austria | 94.67% | 3.5% |
| 117th | Qatar | 94.75% | 4.8% |
| 118th | Kyrgyz Republic | 95.08% | 1.4% |
| 119th | Angola | 95.34% | 5.5% |
| 120th | Bhutan | 97.74% | 9.7% |
| 121st | Kazakhstan | 97.76% | 1.4% |
| 122nd | Ghana | 98.17% | -1.5% |
| 123rd | Greenland | 99.71% | 13.1% |
| 124th | Bulgaria | 99.71% | 7.1% |
| 125th | Vanuatu | 100.17% | 1.5% |
| 126th | Faroe Islands | 100.96% | 8.1% |
| 127th | Switzerland | 102.26% | 7.1% |
| 128th | Cabo Verde | 104.34% | 2.7% |
| 129th | Latvia | 104.52% | 7.5% |
| 130th | Montenegro | 104.63% | 4.5% |
| 131st | Cyprus | 111.92% | -1.7% |
| 132nd | Puerto Rico (US) | 113.74% | -2.8% |
| 133rd | Iraq | 115.74% | -3.7% |
| 134th | Azerbaijan | 115.84% | -4.7% |
| 135th | Lithuania | 117.45% | 12.9% |
| 136th | Palau | 118.68% | - |
| 137th | Belarus | 118.88% | -16.4% |
| 138th | United Arab Emirates | 119.55% | 2.5% |
| 139th | Congo, Republic of | 119.55% | -9.0% |
| 140th | Slovenia | 121.13% | 7.8% |
| 141st | Czechia | 121.19% | 7.1% |
| 142nd | Mauritius | 121.61% | 13.6% |
| 143rd | Netherlands | 122.26% | 4.5% |
| 144th | Mongolia | 122.38% | -6.8% |
| 145th | Kiribati | 123.59% | 21.9% |
| 146th | Marshall Islands | 124.70% | 9.4% |
| 147th | Tajikistan | 126.99% | -1.0% |
| 148th | Hungary | 128.00% | 3.6% |
| 149th | Viet Nam | 130.71% | -1.7% |
| 150th | Equatorial Guinea | 131.02% | - |
| 151st | Cambodia | 133.55% | 1.7% |
| 152nd | Curaçao | 134.91% | - |
| 153rd | Estonia | 135.91% | 4.6% |
| 154th | Macao SAR, China | 136.37% | -8.4% |
| 155th | Honduras | 136.49% | 0.8% |
| 156th | Thailand | 137.85% | 8.2% |
| 157th | Panama | 139.21% | 11.6% |
| 158th | Moldova | 143.02% | 7.8% |
| 159th | Belgium | 144.53% | 5.6% |
| 160th | Aruba | 145.05% | 9.5% |
| 161st | Jordan | 146.91% | 9.1% |
| 162nd | Ireland | 148.18% | 1.1% |
| 163rd | Bahrain | 148.31% | 5.4% |
| 164th | Slovak Republic | 148.71% | 6.0% |
| 165th | Malta | 157.55% | 1.1% |
| 166th | Seychelles | 171.10% | 14.4% |
| 167th | Northern Mariana Islands | 174.55% | -2.0% |
| 168th | Guyana | 194.35% | -3.2% |
| 169th | Malaysia | 203.85% | -3.1% |
| 170th | American Samoa | 223.20% | 10.3% |
| 171st | Luxembourg | 284.08% | 7.1% |
| 172nd | Hong Kong SAR, China | 342.69% | 4.8% |
| 173rd | Singapore | 420.43% | 4.7% |
| 174th | Virgin Islands (US) | 503.21% | 15.6% |
FAQ
What was Faroe Islands's trade openness in 2005?▾
Faroe Islands's trade openness in 2005 was 100.96%. This ranked 126th globally.
How did Faroe Islands's trade openness change in 2005?▾
Faroe Islands's trade openness increased by 8.1% in 2005 compared to 2004.
Which country had the highest trade openness in 2005?▾
Virgin Islands (US) had the highest trade openness in 2005 at 503.21%.
What is the trade openness of Faroe Islands in 2005?▾
The trade openness of Faroe Islands in 2005 was 100.96%. This ranked 126th globally.
How does 2005 compare to 2004 for Faroe Islands's trade openness?▾
Faroe Islands's trade openness went from 93.42% in 2004 to 100.96% in 2005, a 8.1% increase.
Related
2004
2006
All years
Full ranking 2005
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
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Global Ranking