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Faroe Islands
Trade (% of GDP)

Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Global rank#55out of 172 countries
Go to rankingOpenglobal ranking and map

Historical trend

12311097.885.272.7196219932024Faroe Islands · 2024: 105.75%Faroe Islands

Analytical takeaways

  • Faroe Islands records 105.75% for Trade (% of GDP) in 2024, ranking #55 globally out of 172 countries.
  • Trade (% of GDP) increased from 98.69% in 1962 to 105.75% in 2024, a gain of 7.06%.
  • The country sits in the middle of the global distribution for this metric, making the page a balanced entry point for comparative analysis beyond the extremes.

Comparison

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