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Faroe Islands Trade Openness 2020s

Trade as % of GDP · World Bank
109.78% decade average (2020-2029)

Faroe Islands's trade openness during the 2020s ranged from 96.22% (2020) to 122.86% (2022), averaging 109.78% over 6 years of data.

2020s Data
YearValueChangeRank
2020 96.22% −12.40% 134th
2021 103.49% +7.26% 133rd
2022 122.86% +19.38% 134th
2023 113.34% −9.53% 127th
2024 105.75% −7.58% 108th
2025 117.00% +11.25% 56th