Faroe Islands Trade to GDP Ratio 1962-2024
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
- Faroe Islands trade to gdp ratio for 2022 was 124.91%, a 20.17% increase from 2021.
- Faroe Islands trade to gdp ratio for 2021 was 104.75%, a 8.24% increase from 2020.
- Faroe Islands trade to gdp ratio for 2020 was 96.51%, a 12.11% decline from 2019.
- Faroe Islands trade to gdp ratio for 2019 was 108.62%, a 1.75% increase from 2018.
| Faroe Islands Trade to GDP Ratio - Historical Data |
| Year |
Trade (% of GDP) |
Annual Change |
| 2022 |
124.91% |
20.17% |
| 2021 |
104.75% |
8.24% |
| 2020 |
96.51% |
-12.11% |
| 2019 |
108.62% |
1.75% |
| 2018 |
106.87% |
-0.36% |
| 2017 |
107.24% |
2.69% |
| 2016 |
104.55% |
-1.06% |
| 2015 |
105.61% |
-0.53% |
| 2014 |
106.14% |
-7.92% |
| 2013 |
114.06% |
-3.10% |
| 2012 |
117.16% |
11.31% |
| 2011 |
105.85% |
8.66% |
| 2010 |
97.18% |
0.32% |
| 2009 |
96.86% |
-6.64% |
| 2008 |
103.50% |
3.99% |
| 2007 |
99.51% |
2.11% |
| 2006 |
97.39% |
-3.57% |
| 2005 |
100.96% |
7.55% |
| 2004 |
93.42% |
-14.84% |
| 2003 |
108.26% |
9.64% |
| 2002 |
98.62% |
-6.28% |
| 2001 |
104.90% |
-5.64% |
| 2000 |
110.55% |
10.05% |
| 1999 |
100.49% |
8.88% |
| 1998 |
91.61% |
-6.02% |
| 1997 |
97.63% |
-1.13% |
| 1996 |
98.76% |
23.06% |
| 1995 |
75.70% |
-0.05% |
| 1994 |
75.76% |
3.06% |
| 1993 |
72.70% |
-12.16% |
| 1992 |
84.86% |
3.21% |
| 1991 |
81.65% |
2.78% |
| 1990 |
78.88% |
-1.01% |
| 1989 |
79.89% |
-5.97% |
| 1988 |
85.86% |
-7.28% |
| 1987 |
93.14% |
5.14% |
| 1986 |
88.00% |
-5.92% |
| 1985 |
93.92% |
-5.80% |
| 1984 |
99.72% |
15.15% |
| 1983 |
84.56% |
5.30% |
| 1982 |
79.26% |
-4.20% |
| 1981 |
83.46% |
2.17% |
| 1980 |
81.29% |
1.80% |
| 1979 |
79.49% |
-0.76% |
| 1978 |
80.26% |
-4.64% |
| 1977 |
84.90% |
-2.00% |
| 1976 |
86.91% |
1.56% |
| 1975 |
85.34% |
-8.27% |
| 1974 |
93.61% |
3.01% |
| 1973 |
90.60% |
12.48% |
| 1972 |
78.11% |
-0.67% |
| 1971 |
78.79% |
3.53% |
| 1970 |
75.26% |
-3.99% |
| 1969 |
79.25% |
4.49% |
| 1968 |
74.76% |
-4.21% |
| 1967 |
78.97% |
2.73% |
| 1966 |
76.24% |
-11.22% |
| 1965 |
87.46% |
5.19% |
| 1964 |
82.27% |
-3.82% |
| 1963 |
86.10% |
-12.60% |
| 1962 |
98.69% |
-12.60% |
