Faroe Islands - Trade Openness 2008
103.50%
+3.99% from 2007
Faroe Islands's trade openness was 103.50% in 2008, increased +3.99% from 99.51% in 2007. This was the 120th highest globally.
Global Ranking - 2008▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Sierra Leone | 21.26% | -2.5% |
| 2nd | Brazil | 27.26% | 7.8% |
| 3rd | United States | 29.87% | 6.6% |
| 4th | Eritrea | 30.56% | -11.6% |
| 5th | Japan | 34.13% | 4.0% |
| 6th | Pakistan | 34.35% | 11.6% |
| 7th | Central African Republic | 34.44% | -8.4% |
| 8th | Burkina Faso | 35.39% | 4.8% |
| 9th | Haiti | 36.15% | 5.4% |
| 10th | Comoros | 36.22% | 9.2% |
| 11th | Sudan | 36.74% | 6.8% |
| 12th | Rwanda | 37.60% | 4.5% |
| 13th | Gambia, The | 39.09% | -11.8% |
| 14th | Colombia | 39.17% | 5.6% |
| 15th | Niger | 39.71% | 11.9% |
| 16th | Argentina | 40.40% | -1.3% |
| 17th | Bangladesh | 42.62% | 6.7% |
| 18th | Australia | 42.75% | 2.0% |
| 19th | Cuba | 44.92% | 18.3% |
| 20th | Guinea-Bissau | 45.14% | -2.4% |
| 21st | Nepal | 46.04% | 3.3% |
| 22nd | Benin | 47.78% | -2.7% |
| 23rd | Iran, Islamic Republic of | 48.23% | -3.3% |
| 24th | Tanzania | 49.03% | 2.0% |
| 25th | Türkiye | 50.76% | 5.7% |
| 26th | India | 53.37% | 16.8% |
| 27th | Russian Federation | 53.38% | 3.2% |
| 28th | Mali | 53.64% | 14.4% |
| 29th | Italy | 54.21% | -1.1% |
| 30th | Armenia | 54.54% | -4.3% |
| 31st | Spain | 55.83% | -3.1% |
| 32nd | Uganda | 56.26% | 20.3% |
| 33rd | Mexico | 56.37% | 2.0% |
| 34th | United Kingdom | 56.44% | 7.0% |
| 35th | China | 56.71% | -7.4% |
| 36th | Cameroon | 56.92% | 7.0% |
| 37th | Greece | 57.11% | 4.7% |
| 38th | Kenya | 57.58% | 6.8% |
| 39th | French Polynesia | 58.04% | 1.0% |
| 40th | Peru | 58.43% | 4.9% |
| 41st | Indonesia | 58.56% | 6.8% |
| 42nd | France | 59.18% | 1.8% |
| 43rd | Zambia | 59.45% | -9.6% |
| 44th | Dominican Republic | 61.43% | 0.3% |
| 45th | Côte d'Ivoire | 61.94% | 0.8% |
| 46th | Togo | 62.31% | 0.9% |
| 47th | Senegal | 62.76% | 5.9% |
| 48th | Sri Lanka | 63.37% | -7.6% |
| 49th | Guinea | 64.18% | -9.8% |
| 50th | New Zealand | 64.26% | 10.0% |
| 51st | Mozambique | 64.98% | -1.7% |
| 52nd | Romania | 65.18% | 2.6% |
| 53rd | Guatemala | 65.18% | -5.5% |
| 54th | Uruguay | 65.21% | 10.1% |
| 55th | South Africa | 65.97% | 15.5% |
| 56th | Canada | 67.02% | 1.1% |
| 57th | Philippines | 67.68% | -8.1% |
| 58th | New Caledonia | 67.92% | -5.9% |
| 59th | Chad | 69.07% | -8.0% |
| 60th | Ghana | 69.51% | 6.4% |
| 61st | Algeria | 71.03% | 5.2% |
| 62nd | Egypt, Arab Republic of | 71.68% | 10.1% |
| 63rd | Portugal | 72.08% | 3.0% |
| 64th | Tonga | 72.66% | 6.5% |
| 65th | Congo, Democratic Republic of | 72.95% | -0.1% |
| 66th | Samoa | 73.89% | -11.2% |
| 67th | Syrian Arab Republic | 74.23% | -2.8% |
| 68th | Madagascar | 74.36% | 11.5% |
| 69th | Ecuador | 74.59% | 8.3% |
| 70th | Norway | 74.79% | 4.0% |
| 71st | Albania | 75.25% | -5.8% |
| 72nd | Israel | 75.38% | -4.4% |
| 73rd | Serbia | 75.74% | 4.2% |
| 74th | Germany | 76.11% | 1.6% |
| 75th | Kosovo | 76.73% | - |
| 76th | Morocco | 77.83% | 9.1% |
| 77th | Guam | 78.27% | -1.5% |
| 78th | West Bank and Gaza | 79.48% | -13.6% |
| 79th | Uzbekistan | 79.75% | 7.2% |
| 80th | Poland | 80.57% | -0.2% |
| 81st | El Salvador | 80.67% | 3.9% |
| 82nd | Chile | 80.68% | 4.8% |
| 83rd | Paraguay | 80.78% | 2.2% |
| 84th | European Union | 80.78% | 1.2% |
| 85th | Iraq | 81.06% | 9.4% |
| 86th | Yemen, Republic of | 81.24% | 2.7% |
| 87th | Lao PDR | 81.85% | 3.3% |
| 88th | Iceland | 81.90% | 11.2% |
| 89th | Croatia | 82.08% | -1.4% |
| 90th | Bolivia, Plurinational State of | 82.87% | 8.9% |
| 91st | Bosnia and Herzegovina | 86.16% | 3.1% |
| 92nd | Finland | 86.19% | 4.0% |
| 93rd | Georgia | 86.30% | -2.4% |
| 94th | Costa Rica | 86.40% | -0.1% |
| 95th | Solomon Islands | 87.35% | 4.3% |
| 96th | Bahamas, The | 87.43% | -0.7% |
| 97th | Gabon | 89.00% | 4.5% |
| 98th | Azerbaijan | 89.24% | -7.7% |
| 99th | Qatar | 89.43% | -7.0% |
| 100th | Brunei Darussalam | 89.75% | 10.8% |
| 101st | Cabo Verde | 90.97% | -3.4% |
| 102nd | Korea | 92.08% | 29.1% |
| 103rd | Kuwait | 92.68% | 1.0% |
| 104th | Sweden | 92.81% | 3.6% |
| 105th | Mauritania | 94.12% | 9.4% |
| 106th | Ukraine | 94.17% | 7.0% |
| 107th | Kazakhstan | 94.29% | 2.3% |
| 108th | Turkmenistan | 94.72% | 68.3% |
| 109th | Oman | 94.76% | -0.1% |
| 110th | Kiribati | 95.44% | -0.7% |
| 111th | Latvia | 95.77% | -5.1% |
| 112th | Saudi Arabia | 96.10% | 1.3% |
| 113th | Nicaragua | 96.79% | 4.1% |
| 114th | South Sudan | 97.27% | - |
| 115th | Botswana | 99.01% | 0.5% |
| 116th | Northern Mariana Islands | 100.85% | -21.6% |
| 117th | Bhutan | 101.95% | -4.7% |
| 118th | Austria | 102.74% | 1.4% |
| 119th | Libya | 103.24% | 0.5% |
| 120th | Faroe Islands | 103.50% | 4.0% |
| 121st | Denmark | 104.47% | 4.4% |
| 122nd | Belize | 105.46% | 9.9% |
| 123rd | Vanuatu | 105.77% | 17.3% |
| 124th | Lebanon | 106.63% | 8.8% |
| 125th | Greenland | 107.37% | 13.1% |
| 126th | Angola | 108.68% | 11.8% |
| 127th | Suriname | 109.17% | 7.7% |
| 128th | Zimbabwe | 109.52% | 30.1% |
| 129th | Micronesia, Federated States of | 111.19% | 10.3% |
| 130th | North Macedonia | 111.57% | 5.2% |
| 131st | Cyprus | 112.93% | 1.5% |
| 132nd | Mauritius | 113.49% | -4.3% |
| 133rd | Tunisia | 114.34% | 9.9% |
| 134th | Tajikistan | 114.48% | -21.3% |
| 135th | Puerto Rico (US) | 116.28% | -1.1% |
| 136th | Switzerland | 116.78% | 3.0% |
| 137th | Namibia | 119.64% | 14.0% |
| 138th | Mongolia | 121.20% | 2.8% |
| 139th | Marshall Islands | 122.05% | 6.6% |
| 140th | Czechia | 123.90% | -4.6% |
| 141st | Bulgaria | 124.69% | 0.9% |
| 142nd | Palau | 126.28% | 10.0% |
| 143rd | Macao SAR, China | 126.61% | -3.1% |
| 144th | Lithuania | 126.76% | 9.0% |
| 145th | Equatorial Guinea | 128.69% | -4.0% |
| 146th | Belarus | 129.60% | 1.1% |
| 147th | Netherlands | 130.15% | 0.3% |
| 148th | Cambodia | 130.39% | -2.5% |
| 149th | Montenegro | 132.48% | 2.8% |
| 150th | Congo, Republic of | 133.11% | -10.4% |
| 151st | Moldova | 134.42% | -5.8% |
| 152nd | Timor-Leste | 135.25% | 5.0% |
| 153rd | Slovenia | 135.39% | -1.7% |
| 154th | Honduras | 135.75% | 0.5% |
| 155th | Estonia | 136.68% | 2.0% |
| 156th | Aruba | 139.11% | -0.6% |
| 157th | Thailand | 140.44% | 8.1% |
| 158th | Jordan | 140.91% | -3.5% |
| 159th | Bahrain | 145.88% | 5.9% |
| 160th | Kyrgyz Republic | 146.11% | 6.6% |
| 161st | United Arab Emirates | 148.51% | 8.6% |
| 162nd | Viet Nam | 154.32% | -0.2% |
| 163rd | Hungary | 158.45% | 1.8% |
| 164th | Ireland | 160.04% | 4.3% |
| 165th | Belgium | 161.09% | 5.7% |
| 166th | Lesotho | 161.13% | -2.4% |
| 167th | Slovak Republic | 162.46% | -2.5% |
| 168th | Nauru | 164.29% | - |
| 169th | Panama | 164.59% | 10.7% |
| 170th | Curaçao | 166.74% | 14.2% |
| 171st | Malaysia | 176.67% | -8.2% |
| 172nd | Malta | 185.75% | 0.5% |
| 173rd | Seychelles | 208.84% | 19.4% |
| 174th | American Samoa | 249.82% | 14.5% |
| 175th | Luxembourg | 292.21% | -5.0% |
| 176th | Hong Kong SAR, China | 376.66% | 4.0% |
| 177th | Singapore | 437.33% | 10.9% |
| 178th | Virgin Islands (US) | 863.20% | 54.0% |
FAQ
What was Faroe Islands's trade openness in 2008?▾
Faroe Islands's trade openness in 2008 was 103.50%. This ranked 120th globally.
How did Faroe Islands's trade openness change in 2008?▾
Faroe Islands's trade openness increased by 4.0% in 2008 compared to 2007.
Which country had the highest trade openness in 2008?▾
Virgin Islands (US) had the highest trade openness in 2008 at 863.20%.
What is the trade openness of Faroe Islands in 2008?▾
The trade openness of Faroe Islands in 2008 was 103.50%. This ranked 120th globally.
How does 2008 compare to 2007 for Faroe Islands's trade openness?▾
Faroe Islands's trade openness went from 99.51% in 2007 to 103.50% in 2008, a 4.0% increase.
Related
2007
2009
All years
Full ranking 2008
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
vs Netherlands
vs Denmark
Global Ranking