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Faroe Islands - Trade Openness 2007

Name: Faroe Islands Trade Openness 2007
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

99.51% +2.11% from 2006 Global rank: 119th

Faroe Islands's trade openness was 99.51% in 2007, increased +2.11% from 97.39% in 2006. This was the 119th highest globally.

Global Ranking - 2007▾

Trade Openness by Country - 2007
Rank	Country	Value	YoY
1st	Sierra Leone	21.81%	-1.3%
2nd	Brazil	25.29%	-2.9%
3rd	United States	28.01%	3.8%
4th	Pakistan	30.79%	-6.8%
5th	Japan	32.82%	9.3%
6th	Comoros	33.16%	-7.3%
7th	Burkina Faso	33.78%	-3.8%
8th	Haiti	34.28%	-7.5%
9th	Sudan	34.40%	-5.0%
10th	Eritrea	34.56%	-23.6%
11th	Niger	35.50%	-2.8%
12th	Rwanda	35.97%	8.3%
13th	Colombia	37.10%	-6.4%
14th	Central African Republic	37.58%	3.3%
15th	Cuba	37.97%	2.1%
16th	Bangladesh	39.94%	4.8%
17th	Argentina	40.95%	1.3%
18th	Australia	41.93%	1.1%
19th	Gambia, The	44.29%	-12.1%
20th	Nepal	44.58%	-0.4%
21st	India	45.69%	-0.1%
22nd	Guinea-Bissau	46.24%	-5.2%
23rd	Uganda	46.78%	7.2%
24th	Mali	46.90%	-4.3%
25th	Türkiye	48.03%	-1.9%
26th	Tanzania	48.06%	12.4%
27th	Benin	49.11%	23.5%
28th	Iran, Islamic Republic of	49.89%	-6.2%
29th	Russian Federation	51.71%	-5.5%
30th	United Kingdom	52.75%	-7.0%
31st	Cameroon	53.22%	13.0%
32nd	Kenya	53.89%	-2.4%
33rd	Greece	54.53%	6.7%
34th	Italy	54.83%	3.6%
35th	Indonesia	54.83%	-3.2%
36th	Mexico	55.26%	1.4%
37th	Peru	55.69%	7.5%
38th	Turkmenistan	56.28%	7.3%
39th	Armenia	56.98%	-6.6%
40th	South Africa	57.13%	6.2%
41st	French Polynesia	57.46%	1.5%
42nd	Spain	57.63%	2.8%
43rd	France	58.15%	0.5%
44th	New Zealand	58.43%	-2.0%
45th	Uruguay	59.21%	-4.5%
46th	Senegal	59.27%	9.5%
47th	Dominican Republic	61.23%	-4.0%
48th	China	61.27%	-3.6%
49th	Côte d'Ivoire	61.43%	-3.5%
50th	Togo	61.77%	0.3%
51st	Romania	63.51%	3.0%
52nd	Egypt, Arab Republic of	65.08%	5.8%
53rd	Ghana	65.35%	1.3%
54th	Zambia	65.77%	13.7%
55th	Mozambique	66.12%	-1.8%
56th	Canada	66.28%	-2.6%
57th	Madagascar	66.70%	7.4%
58th	Algeria	67.55%	2.5%
59th	Tonga	68.23%	2.8%
60th	Sri Lanka	68.61%	-3.7%
61st	Ecuador	68.85%	4.6%
62nd	Guatemala	69.00%	1.6%
63rd	Portugal	69.95%	2.0%
64th	Guinea	71.12%	2.5%
65th	Korea	71.32%	4.3%
66th	Morocco	71.35%	10.3%
67th	Norway	71.94%	0.4%
68th	New Caledonia	72.17%	6.1%
69th	Serbia	72.72%	-3.7%
70th	Congo, Democratic Republic of	73.00%	63.1%
71st	Iceland	73.62%	-3.9%
72nd	Philippines	73.64%	-8.9%
73rd	Iraq	74.09%	-17.4%
74th	Uzbekistan	74.41%	10.3%
75th	Germany	74.88%	2.9%
76th	Chad	75.11%	-2.6%
77th	Bolivia, Plurinational State of	76.06%	2.0%
78th	Syrian Arab Republic	76.38%	2.9%
79th	Chile	76.98%	4.4%
80th	El Salvador	77.62%	5.7%
81st	Israel	78.84%	0.5%
82nd	Paraguay	79.00%	-6.8%
83rd	Yemen, Republic of	79.12%	-3.6%
84th	Lao PDR	79.21%	-3.4%
85th	Guam	79.46%	9.2%
86th	European Union	79.80%	2.3%
87th	Albania	79.91%	10.7%
88th	Poland	80.75%	3.9%
89th	Brunei Darussalam	81.01%	-0.7%
90th	Finland	82.86%	1.1%
91st	Samoa	83.20%	0.9%
92nd	Croatia	83.26%	-0.3%
93rd	Bosnia and Herzegovina	83.55%	4.7%
94th	Solomon Islands	83.75%	20.0%
95th	Zimbabwe	84.17%	1.6%
96th	Gabon	85.13%	-4.0%
97th	Mauritania	86.06%	4.0%
98th	Costa Rica	86.46%	-3.7%
99th	Bahamas, The	88.01%	0.5%
100th	Ukraine	88.05%	-1.3%
101st	Georgia	88.39%	-0.8%
102nd	Sweden	89.55%	1.4%
103rd	Vanuatu	90.17%	0.7%
104th	Kuwait	91.73%	2.3%
105th	West Bank and Gaza	92.00%	11.3%
106th	Kazakhstan	92.16%	0.8%
107th	Nicaragua	93.03%	6.5%
108th	Cabo Verde	94.21%	-20.0%
109th	Saudi Arabia	94.86%	5.5%
110th	Oman	94.87%	10.1%
111th	Greenland	94.97%	5.9%
112th	Belize	95.96%	-3.0%
113th	Qatar	96.11%	-2.5%
114th	Kiribati	96.16%	2.2%
115th	Azerbaijan	96.64%	-8.2%
116th	Angola	97.23%	14.9%
117th	Lebanon	97.97%	7.6%
118th	Botswana	98.50%	13.7%
119th	Faroe Islands	99.51%	2.2%
120th	Denmark	100.05%	2.7%
121st	Micronesia, Federated States of	100.79%	3.5%
122nd	Latvia	100.88%	-4.6%
123rd	Austria	101.36%	2.6%
124th	Suriname	101.38%	3.3%
125th	Libya	102.73%	5.1%
126th	Tunisia	104.06%	10.8%
127th	Namibia	104.98%	20.9%
128th	North Macedonia	106.09%	14.6%
129th	Bhutan	106.93%	-1.1%
130th	Cyprus	111.28%	1.3%
131st	Switzerland	113.33%	6.7%
132nd	Marshall Islands	114.53%	1.9%
133rd	Palau	114.79%	-9.1%
134th	Lithuania	116.30%	-6.7%
135th	Puerto Rico (US)	117.60%	-0.1%
136th	Mongolia	117.88%	4.4%
137th	Mauritius	118.62%	-4.9%
138th	Bulgaria	123.53%	11.2%
139th	Belarus	128.15%	3.1%
140th	Northern Mariana Islands	128.57%	-19.5%
141st	Timor-Leste	128.76%	30.2%
142nd	Montenegro	128.84%	9.0%
143rd	Netherlands	129.80%	2.0%
144th	Thailand	129.87%	-3.1%
145th	Czechia	129.88%	2.2%
146th	Macao SAR, China	130.67%	1.5%
147th	Cambodia	133.70%	-4.7%
148th	Estonia	133.98%	-1.9%
149th	Equatorial Guinea	134.08%	13.1%
150th	Honduras	135.07%	1.5%
151st	United Arab Emirates	136.80%	14.5%
152nd	Kyrgyz Republic	137.06%	13.5%
153rd	Slovenia	137.66%	5.5%
154th	Bahrain	137.79%	-6.3%
155th	Aruba	139.97%	-0.8%
156th	Moldova	142.72%	4.1%
157th	Tajikistan	145.53%	3.1%
158th	Jordan	145.99%	3.0%
159th	Curaçao	146.05%	1.0%
160th	Congo, Republic of	148.59%	18.3%
161st	Panama	148.67%	5.1%
162nd	Belgium	152.47%	1.9%
163rd	Ireland	153.40%	2.2%
164th	Viet Nam	154.61%	11.8%
165th	Hungary	155.60%	4.3%
166th	Lesotho	165.05%	21.1%
167th	Slovak Republic	166.58%	1.0%
168th	Seychelles	174.93%	-1.5%
169th	Malta	184.83%	1.3%
170th	Malaysia	192.47%	-5.0%
171st	American Samoa	218.15%	-5.1%
172nd	Luxembourg	307.49%	0.5%
173rd	Hong Kong SAR, China	362.15%	0.8%
174th	Singapore	394.29%	-7.3%
175th	Virgin Islands (US)	560.37%	1.5%

FAQ

What was Faroe Islands's trade openness in 2007?▾

Faroe Islands's trade openness in 2007 was 99.51%. This ranked 119th globally.

How did Faroe Islands's trade openness change in 2007?▾

Faroe Islands's trade openness increased by 2.2% in 2007 compared to 2006.

Which country had the highest trade openness in 2007?▾

Virgin Islands (US) had the highest trade openness in 2007 at 560.37%.

What is the trade openness of Faroe Islands in 2007?▾

The trade openness of Faroe Islands in 2007 was 99.51%. This ranked 119th globally.

How does 2007 compare to 2006 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 97.39% in 2006 to 99.51% in 2007, a 2.2% increase.

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