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Faroe Islands / Economy / Trade

Trade in Faroe Islands

% of GDP · 2024 · from World Bank World Development Indicators

105.8% of GDPin 2024

Compare Faroe Islands with other countries · Which countries have this data, and for which years

Trade, Faroe Islands and the worldFaroe Islands was at 105.8% of GDP in 2024, above the world's 56.7% of GDP; in 1962 it was 98.7% of GDP.
20.040.060.080.0100.0120.0140.01970198019902000201020202024: 105.8% of GDP
Indicator: Trade, % of GDP, yearly; WDI NE.TRD.GNFS.ZSSource: World Bank, World Development Indicators (CC BY 4.0)
Show the numbers (64 rows)
YearFaroe IslandsWorld
202568.5%
2024105.8%56.7%
2023113.3%58.1%
2022122.9%62.1%
2021103.5%56.5%
202096.2%51.9%
2019108.6%55.8%
2018106.9%57.0%
2017107.2%55.5%
2016104.6%53.8%
2015105.6%55.6%
2014106.1%58.0%
2013114.1%58.6%
2012117.2%59.3%
2011105.8%59.3%
201097.2%56.2%
200996.9%51.9%
2008103.5%60.3%
200799.5%58.7%
200697.4%58.4%
2005101.0%56.2%
200493.4%54.2%
2003108.3%50.7%
200298.6%49.0%
2001104.9%49.0%
2000110.5%50.1%
1999100.5%45.8%
199891.6%45.3%
199797.6%44.6%
199698.8%42.8%
199575.7%42.7%
199475.8%41.0%
199372.7%40.2%
199284.9%40.6%
199181.7%37.8%
199078.9%38.1%
198979.9%38.1%
198885.9%37.7%
198793.1%35.9%
198688.0%34.6%
198593.9%37.1%
198499.7%37.5%
198384.6%36.2%
198279.3%37.1%
198183.5%39.1%
198081.3%38.6%
197979.5%35.7%
197880.3%33.5%
197784.9%33.1%
197686.9%32.7%
197585.3%31.9%
197493.6%33.7%
197390.6%29.0%
197278.1%26.0%
197178.8%25.8%
197075.3%25.8%
196979.3%
196874.8%
196779.0%
196676.2%
196587.5%
196482.3%
196386.1%
196298.7%
Where Faroe Islands sits among countries, 2024Faroe Islands's 105.8% of GDP is higher than 117 of the other 170 countries with a 2024 figure; the world as a whole was at 56.7% of GDP.
World 56.7% of GDPFaroe Islands 105.8% of GDP2.0% of GDP359.4% of GDPlog scale

Point at a tick to see which country it is.

Every country, 2024 (171)
  1. Hong Kong SAR China 359.4% of GDP
  2. Luxembourg 351.3% of GDP
  3. Singapore 313.3% of GDP
  4. Ireland 246.2% of GDP
  5. Djibouti 241.2% of GDP
  6. Malta 217.7% of GDP
  7. Cyprus 190.4% of GDP
  8. Seychelles 175.9% of GDP
  9. Vietnam 173.9% of GDP
  10. Slovakia 171.2% of GDP
  11. Aruba 164.1% of GDP
  12. Nauru 160.5% of GDP
  13. Belgium 159.0% of GDP
  14. Bahrain 157.5% of GDP
  15. Maldives 156.5% of GDP
  16. Slovenia 155.7% of GDP
  17. Netherlands 154.0% of GDP
  18. Lesotho 152.5% of GDP
  19. Estonia 151.0% of GDP
  20. Armenia 150.1% of GDP
  21. Hungary 147.9% of GDP
  22. Mauritius 145.4% of GDP
  23. Cambodia 143.4% of GDP
  24. Lithuania 142.4% of GDP
  25. Macao SAR China 142.1% of GDP
  26. Mongolia 138.4% of GDP
  27. Libya 137.5% of GDP
  28. Malaysia 137.4% of GDP
  29. North Macedonia 136.3% of GDP
  30. Thailand 135.7% of GDP
  31. Brunei 132.6% of GDP
  32. Denmark 131.8% of GDP
  33. Czechia 131.5% of GDP
  34. Latvia 131.3% of GDP
  35. Switzerland 130.4% of GDP
  36. Somalia 130.3% of GDP
  37. Kyrgyzstan 130.1% of GDP
  38. Belarus 128.2% of GDP
  39. Cuba 124.9% of GDP
  40. Fiji 119.0% of GDP
  41. Marshall Islands 118.2% of GDP
  42. Oman 114.9% of GDP
  43. Serbia 111.7% of GDP
  44. Solomon Islands 111.4% of GDP
  45. Bulgaria 110.2% of GDP
  46. Montenegro 109.9% of GDP
  47. Belize 109.0% of GDP
  48. Austria 108.8% of GDP
  49. Namibia 108.0% of GDP
  50. Eswatini 107.5% of GDP
  51. Tunisia 106.3% of GDP
  52. Sweden 106.0% of GDP
  53. Palau 105.8% of GDP
  54. Faroe Islands 105.8% of GDP
  55. Croatia 104.9% of GDP
  56. Georgia 103.5% of GDP
  57. Kiribati 102.1% of GDP
  58. Poland 100.4% of GDP
  59. Nicaragua 99.1% of GDP
  60. Guinea 97.8% of GDP
  61. Cape Verde 96.9% of GDP
  62. Micronesia 96.4% of GDP
  63. Mozambique 95.6% of GDP
  64. Timor-Leste 95.4% of GDP
  65. Bosnia & Herzegovina 94.8% of GDP
  66. Puerto Rico 94.6% of GDP
  67. Congo - Kinshasa 94.2% of GDP
  68. Kuwait 94.0% of GDP
  69. Mauritania 93.6% of GDP
  70. Congo - Brazzaville 93.2% of GDP
  71. Morocco 92.2% of GDP
  72. Gabon 92.0% of GDP
  73. Honduras 91.7% of GDP
  74. Greece 89.8% of GDP
  75. Portugal 89.7% of GDP
  76. Moldova 88.9% of GDP
  77. Iceland 86.2% of GDP
  78. El Salvador 85.7% of GDP
  79. South Korea 84.6% of GDP
  80. Afghanistan 83.8% of GDP
  81. Panama 83.7% of GDP
  82. Finland 83.5% of GDP
  83. Azerbaijan 82.6% of GDP
  84. Lebanon 82.2% of GDP
  85. Bermuda 80.2% of GDP
  86. Ukraine 79.7% of GDP
  87. Norway 79.6% of GDP
  88. Samoa 79.5% of GDP
  89. Albania 79.5% of GDP
  90. Bhutan 79.4% of GDP
  91. Bahamas 79.2% of GDP
  92. Germany 79.1% of GDP
  93. Tonga 77.6% of GDP
  94. Romania 77.2% of GDP
  95. Iraq 77.1% of GDP
  96. Paraguay 77.1% of GDP
  97. Mexico 75.4% of GDP
  98. Palestinian Territories 74.6% of GDP
  99. Equatorial Guinea 74.3% of GDP
  100. Vanuatu 73.4% of GDP
  101. Rwanda 71.7% of GDP
  102. Spain 70.0% of GDP
  103. Costa Rica 69.9% of GDP
  104. Botswana 69.4% of GDP
  105. Ghana 69.0% of GDP
  106. Senegal 68.2% of GDP
  107. France 68.1% of GDP
  108. Philippines 65.9% of GDP
  109. Canada 65.1% of GDP
  110. French Polynesia 64.5% of GDP
  111. Chile 64.0% of GDP
  112. United Kingdom 62.8% of GDP
  113. Italy 62.6% of GDP
  114. Zambia 62.5% of GDP
  115. South Africa 61.6% of GDP
  116. Burkina Faso 60.5% of GDP
  117. Tajikistan 59.1% of GDP
  118. Madagascar 57.5% of GDP
  119. Uzbekistan 57.5% of GDP
  120. Ecuador 57.4% of GDP
  121. Kazakhstan 57.2% of GDP
  122. Saudi Arabia 56.4% of GDP
  123. Türkiye 54.6% of GDP
  124. Israel 54.4% of GDP
  125. Iran 52.1% of GDP
  126. Dominican Republic 51.8% of GDP
  127. Peru 51.7% of GDP
  128. Uruguay 51.5% of GDP
  129. Côte d’Ivoire 51.3% of GDP
  130. New Zealand 50.7% of GDP
  131. Angola 49.8% of GDP
  132. Mali 49.8% of GDP
  133. Guatemala 47.3% of GDP
  134. Australia 47.1% of GDP
  135. Bolivia 47.0% of GDP
  136. Central African Republic 46.4% of GDP
  137. India 45.9% of GDP
  138. Japan 44.9% of GDP
  139. Chad 44.6% of GDP
  140. São Tomé & Príncipe 44.3% of GDP
  141. Indonesia 42.8% of GDP
  142. Uganda 42.7% of GDP
  143. Gambia 42.2% of GDP
  144. Sri Lanka 42.1% of GDP
  145. Malawi 41.9% of GDP
  146. Zimbabwe 41.5% of GDP
  147. Comoros 41.5% of GDP
  148. Tanzania 41.3% of GDP
  149. Benin 40.6% of GDP
  150. Sierra Leone 40.5% of GDP
  151. Guinea-Bissau 40.4% of GDP
  152. New Caledonia 40.4% of GDP
  153. Nepal 40.2% of GDP
  154. Algeria 40.1% of GDP
  155. Kenya 40.0% of GDP
  156. Egypt 39.6% of GDP
  157. Russia 39.4% of GDP
  158. China 38.0% of GDP
  159. Colombia 36.3% of GDP
  160. Brazil 35.6% of GDP
  161. Cameroon 34.4% of GDP
  162. Turkmenistan 28.7% of GDP
  163. Argentina 27.9% of GDP
  164. Pakistan 27.6% of GDP
  165. Bangladesh 26.8% of GDP
  166. Venezuela 26.2% of GDP
  167. United States 25.0% of GDP
  168. Niger 24.4% of GDP
  169. Haiti 18.7% of GDP
  170. Ethiopia 17.4% of GDP
  171. Sudan 2.0% of GDP
Indicator: Trade, % of GDP, 2024; WDI NE.TRD.GNFS.ZSSource: World Bank, World Development Indicators (CC BY 4.0)

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