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Faroe Islands - Trade Openness 2017

Name: Faroe Islands Trade Openness 2017
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

107.24% +2.69% from 2016 Global rank: 139th

Faroe Islands's trade openness was 107.24% in 2017, increased +2.69% from 104.55% in 2016. This was the 139th highest globally.

Global Ranking - 2017▾

Trade Openness by Country - 2017
Rank	Country	Value	YoY
1st	Sudan	17.83%	16.7%
2nd	Brazil	24.32%	-0.9%
3rd	Argentina	25.29%	-3.1%
4th	Pakistan	25.47%	3.1%
5th	Cuba	26.22%	-3.8%
6th	United States	27.31%	2.6%
7th	Bangladesh	30.00%	-4.3%
8th	Tanzania	33.11%	-6.5%
9th	Japan	34.42%	9.9%
10th	Colombia	35.28%	-2.5%
11th	Kenya	36.00%	3.2%
12th	Uganda	36.84%	18.0%
13th	China	36.95%	2.1%
14th	Niger	39.07%	7.1%
15th	Cameroon	39.20%	-3.5%
16th	Indonesia	39.36%	5.2%
17th	Comoros	40.16%	8.2%
18th	India	40.74%	1.6%
19th	Sierra Leone	41.52%	-3.6%
20th	Australia	42.04%	3.0%
21st	Haiti	42.07%	1.6%
22nd	Uzbekistan	42.56%	45.8%
23rd	Egypt, Arab Republic of	42.83%	41.6%
24th	Yemen, Republic of	42.97%	38.2%
25th	Iran, Islamic Republic of	43.16%	8.2%
26th	Chad	43.29%	-1.5%
27th	Ecuador	43.62%	7.6%
28th	Nepal	44.64%	6.0%
29th	Malawi	45.30%	-
30th	Bolivia, Plurinational State of	45.58%	-19.2%
31st	Angola	45.66%	-2.9%
32nd	Guatemala	46.07%	-0.7%
33rd	Uruguay	46.38%	-4.3%
34th	Russian Federation	46.88%	0.8%
35th	Sri Lanka	47.14%	1.4%
36th	Peru	47.51%	4.7%
37th	Libya	47.55%	15.7%
38th	Côte d'Ivoire	48.66%	2.3%
39th	Mali	49.49%	-7.7%
40th	Algeria	49.82%	0.1%
41st	Dominican Republic	50.76%	-1.9%
42nd	South Africa	53.54%	-4.2%
43rd	Turkmenistan	53.58%	-13.7%
44th	Rwanda	53.68%	8.5%
45th	Tajikistan	53.79%	-3.5%
46th	New Zealand	54.14%	3.3%
47th	French Polynesia	54.58%	1.8%
48th	Zimbabwe	55.03%	7.4%
49th	Gambia, The	55.73%	46.2%
50th	Chile	56.03%	-0.1%
51st	Türkiye	56.14%	14.9%
52nd	Israel	56.28%	-2.6%
53rd	Kazakhstan	56.83%	-5.8%
54th	Guinea-Bissau	56.91%	4.8%
55th	Central African Republic	57.14%	13.1%
56th	Italy	57.58%	5.8%
57th	Senegal	57.71%	6.6%
58th	Togo	58.21%	-12.4%
59th	Timor-Leste	58.63%	-2.8%
60th	New Caledonia	58.93%	1.5%
61st	Burkina Faso	59.27%	2.4%
62nd	Saudi Arabia	59.53%	2.8%
63rd	Iraq	59.78%	9.5%
64th	Syrian Arab Republic	61.05%	-9.0%
65th	Benin	61.48%	4.2%
66th	United Kingdom	63.19%	5.6%
67th	Costa Rica	65.07%	4.7%
68th	Canada	65.10%	-0.4%
69th	Madagascar	65.34%	7.4%
70th	France	65.40%	3.2%
71st	Congo, Democratic Republic of	65.92%	-3.1%
72nd	Spain	66.17%	4.7%
73rd	Philippines	68.17%	10.3%
74th	Bahamas, The	68.33%	1.7%
75th	West Bank and Gaza	68.45%	4.6%
76th	Lebanon	68.46%	1.1%
77th	Somalia, Fed. Rep.	68.68%	-7.6%
78th	Norway	69.11%	0.0%
79th	Guam	69.27%	-1.6%
80th	Ghana	70.55%	3.9%
81st	Greece	70.88%	11.3%
82nd	Paraguay	71.08%	4.9%
83rd	Zambia	71.59%	-3.2%
84th	Bermuda	72.39%	-0.5%
85th	Korea	73.19%	4.7%
86th	Samoa	74.01%	-1.6%
87th	Morocco	74.17%	4.3%
88th	El Salvador	74.30%	2.0%
89th	Gabon	75.07%	7.0%
90th	Finland	75.94%	5.9%
91st	Albania	76.79%	3.7%
92nd	Bhutan	76.79%	0.5%
93rd	Mexico	76.95%	1.7%
94th	Germany	77.45%	1.9%
95th	Mauritania	78.81%	7.7%
96th	Kosovo	80.41%	7.2%
97th	Namibia	81.22%	-13.6%
98th	Botswana	81.92%	-18.5%
99th	Solomon Islands	82.20%	-3.9%
100th	Panama	84.05%	-0.4%
101st	Greenland	84.21%	-1.9%
102nd	Portugal	84.81%	6.6%
103rd	Brunei Darussalam	85.18%	-2.5%
104th	Sweden	86.07%	3.1%
105th	Iceland	86.36%	-1.6%
106th	Eswatini	86.88%	-2.8%
107th	Romania	87.16%	1.5%
108th	Armenia	87.20%	14.6%
109th	Tonga	88.04%	0.3%
110th	Moldova	88.62%	-0.4%
111th	European Union	88.72%	3.4%
112th	Oman	88.95%	7.3%
113th	Jordan	89.73%	1.1%
114th	Azerbaijan	90.40%	0.4%
115th	Qatar	91.49%	2.2%
116th	Congo, Republic of	94.62%	-22.6%
117th	Tunisia	95.81%	10.0%
118th	Nicaragua	96.38%	2.7%
119th	Bosnia and Herzegovina	96.65%	9.5%
120th	Croatia	97.24%	5.5%
121st	Belize	97.71%	1.3%
122nd	Kuwait	97.84%	1.7%
123rd	Cabo Verde	100.05%	4.9%
124th	Kiribati	100.56%	-9.6%
125th	Poland	100.57%	3.8%
126th	Kyrgyz Republic	100.62%	-4.9%
127th	Guinea	101.25%	-9.5%
128th	Honduras	101.81%	2.0%
129th	Equatorial Guinea	102.43%	10.6%
130th	Georgia	102.58%	8.1%
131st	Serbia	102.74%	5.2%
132nd	Micronesia, Federated States of	103.34%	0.6%
133rd	Ukraine	104.03%	-1.4%
134th	Denmark	104.22%	2.7%
135th	Vanuatu	105.53%	-0.8%
136th	Austria	105.56%	3.9%
137th	Mozambique	105.75%	-4.2%
138th	Montenegro	106.71%	2.5%
139th	Faroe Islands	107.24%	2.6%
140th	Puerto Rico (US)	113.13%	2.6%
141st	Macao SAR, China	115.45%	2.3%
142nd	Mongolia	115.93%	14.7%
143rd	Cayman Islands	117.44%	-
144th	Thailand	120.89%	0.3%
145th	Cambodia	121.16%	-1.3%
146th	Palau	121.74%	3.2%
147th	Switzerland	123.62%	0.0%
148th	North Macedonia	124.14%	6.8%
149th	Marshall Islands	125.15%	7.6%
150th	Mauritius	126.96%	0.5%
151st	Antigua and Barbuda	127.66%	-3.3%
152nd	Latvia	128.71%	4.4%
153rd	Bulgaria	129.63%	5.6%
154th	Northern Mariana Islands	131.41%	-14.0%
155th	Malaysia	133.16%	4.9%
156th	Belarus	133.37%	6.5%
157th	Bahrain	136.43%	2.7%
158th	Aruba	138.72%	1.3%
159th	Curaçao	139.81%	0.5%
160th	Maldives	141.91%	-1.7%
161st	Nauru	142.07%	-16.5%
162nd	Estonia	144.64%	-2.1%
163rd	Lithuania	144.92%	7.6%
164th	Lesotho	146.37%	7.4%
165th	Czechia	147.75%	-0.5%
166th	Cyprus	148.01%	6.5%
167th	Virgin Islands (US)	157.70%	39.2%
168th	Slovenia	158.70%	7.1%
169th	Netherlands	159.65%	5.8%
170th	Viet Nam	160.98%	10.7%
171st	American Samoa	161.44%	1.4%
172nd	Hungary	165.03%	0.6%
173rd	United Arab Emirates	165.48%	0.0%
174th	Belgium	166.90%	4.9%
175th	Slovak Republic	186.64%	2.1%
176th	Seychelles	197.44%	9.2%
177th	Malta	213.05%	-0.1%
178th	Ireland	233.30%	-2.7%
179th	Djibouti	305.97%	43.6%
180th	San Marino	313.85%	-2.0%
181st	Singapore	316.79%	4.6%
182nd	Luxembourg	353.79%	1.5%
183rd	Hong Kong SAR, China	376.80%	1.4%

FAQ

What was Faroe Islands's trade openness in 2017?▾

Faroe Islands's trade openness in 2017 was 107.24%. This ranked 139th globally.

How did Faroe Islands's trade openness change in 2017?▾

Faroe Islands's trade openness increased by 2.6% in 2017 compared to 2016.

Which country had the highest trade openness in 2017?▾

Hong Kong SAR, China had the highest trade openness in 2017 at 376.80%.

What is the trade openness of Faroe Islands in 2017?▾

The trade openness of Faroe Islands in 2017 was 107.24%. This ranked 139th globally.

How does 2017 compare to 2016 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 104.55% in 2016 to 107.24% in 2017, a 2.6% increase.

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