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Faroe Islands - Trade Openness 2020

Name: Faroe Islands Trade Openness 2020
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

96.22% −12.40% from 2019 Global rank: 134th

Faroe Islands's trade openness was 96.22% in 2020, decreased +12.40% from 108.62% in 2019. This was the 134th highest globally.

Global Ranking - 2020▾

Trade Openness by Country - 2020
Rank	Country	Value	YoY
1st	Sudan	9.96%	-61.9%
2nd	Cuba	15.68%	-31.3%
3rd	United States	23.40%	-11.5%
4th	Bangladesh	26.27%	-16.8%
5th	Pakistan	26.72%	-7.6%
6th	Tanzania	27.96%	-15.3%
7th	Argentina	30.20%	-7.4%
8th	Kenya	30.40%	-4.3%
9th	Sierra Leone	30.61%	-18.5%
10th	Japan	31.34%	-11.0%
11th	Egypt, Arab Republic of	32.13%	-21.9%
12th	Brazil	32.30%	11.8%
13th	Indonesia	32.97%	-12.4%
14th	Comoros	33.73%	-20.2%
15th	Cameroon	33.74%	-22.2%
16th	China	34.04%	-3.3%
17th	Colombia	34.06%	-9.3%
18th	Niger	35.51%	-4.3%
19th	Turkmenistan	35.94%	-18.9%
20th	Uganda	37.00%	-6.0%
21st	Sri Lanka	37.09%	-25.0%
22nd	Haiti	37.41%	-16.1%
23rd	Bolivia, Plurinational State of	37.52%	-18.1%
24th	India	37.76%	-5.4%
25th	Zimbabwe	40.18%	-12.9%
26th	Algeria	40.39%	-13.2%
27th	Chad	40.64%	-12.9%
28th	Nepal	40.92%	-16.9%
29th	Malawi	41.03%	-7.2%
30th	Guatemala	41.14%	-9.6%
31st	Côte d'Ivoire	41.94%	-6.1%
32nd	Guinea-Bissau	42.89%	-14.1%
33rd	Iran, Islamic Republic of	43.88%	-9.7%
34th	New Zealand	43.98%	-19.2%
35th	Ecuador	43.99%	-8.5%
36th	Peru	44.25%	-5.7%
37th	Australia	44.50%	-3.3%
38th	Dominican Republic	44.73%	-12.1%
39th	Syrian Arab Republic	44.82%	6.7%
40th	Benin	44.83%	-29.6%
41st	French Polynesia	45.83%	-27.6%
42nd	Russian Federation	45.97%	-6.6%
43rd	Afghanistan	46.71%	-
44th	Gambia, The	47.40%	-15.4%
45th	Saudi Arabia	47.53%	-16.3%
46th	Uruguay	47.73%	-4.0%
47th	Madagascar	49.01%	-21.7%
48th	Central African Republic	49.52%	-1.1%
49th	Lebanon	50.13%	-20.4%
50th	South Africa	50.76%	-5.8%
51st	Libya	50.98%	-35.5%
52nd	Israel	51.24%	-9.0%
53rd	Bahamas, The	53.42%	-22.3%
54th	Italy	53.94%	-8.1%
55th	Angola	54.34%	-10.5%
56th	New Caledonia	54.58%	-6.2%
57th	Togo	55.07%	-2.3%
58th	Rwanda	55.19%	-4.8%
59th	Tajikistan	55.75%	-0.5%
60th	Mali	56.04%	3.8%
61st	Uzbekistan	56.05%	-13.7%
62nd	Kazakhstan	57.03%	-12.1%
63rd	Iraq	57.74%	-16.3%
64th	Philippines	58.17%	-15.5%
65th	Chile	58.18%	1.0%
66th	France	58.84%	-11.4%
67th	United Kingdom	59.16%	-9.0%
68th	Spain	59.45%	-10.4%
69th	Albania	59.52%	-21.0%
70th	Senegal	60.05%	-6.5%
71st	Costa Rica	60.14%	-8.5%
72nd	Solomon Islands	60.22%	-27.4%
73rd	Türkiye	60.39%	-3.5%
74th	Burkina Faso	60.74%	0.5%
75th	Congo, Democratic Republic of	61.03%	0.2%
76th	Canada	61.16%	-7.6%
77th	Paraguay	62.76%	-11.9%
78th	Guam	63.67%	-18.4%
79th	Norway	65.35%	-7.8%
80th	Korea	65.54%	-8.3%
81st	Jordan	66.06%	-22.9%
82nd	El Salvador	66.46%	-12.6%
83rd	Ghana	66.58%	-13.3%
84th	West Bank and Gaza	67.29%	-2.5%
85th	Iceland	68.66%	-18.1%
86th	Panama	68.70%	-14.6%
87th	Morocco	68.84%	-9.4%
88th	Bermuda	69.19%	-10.8%
89th	Congo, Republic of	69.31%	-24.3%
90th	Vanuatu	69.91%	-29.7%
91st	Gabon	70.11%	-4.5%
92nd	Armenia	70.12%	-28.3%
93rd	Greece	70.29%	-12.8%
94th	Bhutan	71.83%	-5.6%
95th	Azerbaijan	72.02%	-16.1%
96th	Finland	72.18%	-10.4%
97th	Germany	72.93%	-7.8%
98th	Kosovo	75.61%	-11.8%
99th	Somalia, Fed. Rep.	75.70%	7.7%
100th	Portugal	76.51%	-11.8%
101st	Mexico	76.85%	-0.8%
102nd	Namibia	76.93%	-7.2%
103rd	Samoa	77.48%	-7.0%
104th	Botswana	77.66%	-6.5%
105th	Equatorial Guinea	77.93%	-17.9%
106th	Romania	78.36%	-7.7%
107th	Cabo Verde	78.39%	-24.3%
108th	Kiribati	78.41%	-20.3%
109th	Northern Mariana Islands	78.98%	-24.6%
110th	Kyrgyz Republic	78.99%	-16.3%
111th	Ukraine	79.16%	-12.5%
112th	Zambia	79.21%	15.1%
113th	Moldova	79.27%	-9.5%
114th	Belize	81.64%	-20.3%
115th	Tonga	81.85%	-7.0%
116th	Kuwait	82.01%	-10.6%
117th	Bosnia and Herzegovina	82.52%	-12.7%
118th	Greenland	82.66%	-10.3%
119th	European Union	83.82%	-7.4%
120th	Eswatini	84.01%	-3.0%
121st	Tunisia	84.33%	-17.6%
122nd	Sweden	84.47%	-8.9%
123rd	Timor-Leste	84.75%	20.0%
124th	Micronesia, Federated States of	85.01%	-11.2%
125th	Mauritania	86.78%	-7.2%
126th	Montenegro	87.86%	-20.1%
127th	Honduras	88.00%	-11.5%
128th	Nicaragua	88.64%	-5.7%
129th	Croatia	89.55%	-11.7%
130th	Qatar	90.02%	0.0%
131st	Oman	91.88%	6.2%
132nd	Georgia	92.89%	-21.2%
133rd	Antigua and Barbuda	94.29%	-31.4%
134th	Faroe Islands	96.22%	-11.4%
135th	Thailand	97.80%	-10.8%
136th	Poland	99.26%	-2.3%
137th	Mozambique	99.91%	-5.4%
138th	Austria	99.95%	-7.6%
139th	Serbia	100.32%	-6.7%
140th	Palau	103.35%	-10.5%
141st	Puerto Rico (US)	103.51%	-3.8%
142nd	Denmark	104.43%	-6.7%
143rd	Cayman Islands	105.47%	-8.2%
144th	Marshall Islands	107.83%	-29.5%
145th	Brunei Darussalam	110.29%	1.6%
146th	Bulgaria	110.42%	-11.8%
147th	Mongolia	112.84%	-9.3%
148th	Virgin Islands (US)	113.60%	-26.9%
149th	Maldives	114.36%	-16.6%
150th	Guinea	115.77%	47.6%
151st	Malaysia	116.79%	-5.1%
152nd	Belarus	118.93%	-9.1%
153rd	Mauritius	121.13%	-5.3%
154th	Switzerland	121.79%	-1.9%
155th	Cambodia	122.11%	5.5%
156th	Aruba	122.72%	-11.0%
157th	Macao SAR, China	123.43%	7.1%
158th	Latvia	123.88%	-1.1%
159th	North Macedonia	128.24%	-7.5%
160th	Czechia	128.78%	-6.8%
161st	Nauru	134.98%	-13.4%
162nd	Bahrain	135.46%	0.0%
163rd	Lithuania	135.80%	-8.5%
164th	Estonia	137.39%	-2.1%
165th	Lesotho	141.10%	0.4%
166th	Slovenia	147.55%	-7.8%
167th	Netherlands	152.23%	-5.3%
168th	Seychelles	153.48%	-11.5%
169th	American Samoa	154.37%	-1.4%
170th	Hungary	154.53%	-3.4%
171st	Belgium	156.95%	-5.1%
172nd	Cyprus	160.67%	6.8%
173rd	Viet Nam	163.25%	-0.9%
174th	Slovak Republic	167.53%	-8.8%
175th	United Arab Emirates	181.29%	10.7%
176th	Djibouti	225.74%	-29.7%
177th	Malta	242.36%	4.0%
178th	Ireland	258.78%	0.4%
179th	San Marino	304.90%	-0.8%
180th	Singapore	332.04%	2.4%
181st	Hong Kong SAR, China	350.68%	-0.9%
182nd	Luxembourg	375.58%	-1.9%

FAQ

What was Faroe Islands's trade openness in 2020?▾

Faroe Islands's trade openness in 2020 was 96.22%. This ranked 134th globally.

How did Faroe Islands's trade openness change in 2020?▾

Faroe Islands's trade openness decreased by 11.4% in 2020 compared to 2019.

Which country had the highest trade openness in 2020?▾

Luxembourg had the highest trade openness in 2020 at 375.58%.

What is the trade openness of Faroe Islands in 2020?▾

The trade openness of Faroe Islands in 2020 was 96.22%. This ranked 134th globally.

How does 2020 compare to 2019 for Faroe Islands's trade openness?▾

Faroe Islands's trade openness went from 108.62% in 2019 to 96.22% in 2020, a 11.4% decrease.

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