Trade as a share of GDP in Faroe Islands
Trade as a share of GDP in Faroe Islands was 105.8% in 2024, according to the World Bank. That is down 7.6 pts from 2023. That is the 54th highest of 171 countries in 2024.
Trade as a share of GDP in Faroe Islands, 1962 to 2024
All 63 values
| Period | % |
|---|---|
| 2024 | 105.8 |
| 2023 | 113.3 |
| 2022 | 122.9 |
| 2021 | 103.5 |
| 2020 | 96.2 |
| 2019 | 108.6 |
| 2018 | 106.9 |
| 2017 | 107.2 |
| 2016 | 104.6 |
| 2015 | 105.6 |
| 2014 | 106.1 |
| 2013 | 114.1 |
| 2012 | 117.2 |
| 2011 | 105.8 |
| 2010 | 97.2 |
| 2009 | 96.9 |
| 2008 | 103.5 |
| 2007 | 99.5 |
| 2006 | 97.4 |
| 2005 | 101 |
| 2004 | 93.4 |
| 2003 | 108.3 |
| 2002 | 98.6 |
| 2001 | 104.9 |
| 2000 | 110.5 |
| 1999 | 100.5 |
| 1998 | 91.6 |
| 1997 | 97.6 |
| 1996 | 98.8 |
| 1995 | 75.7 |
| 1994 | 75.8 |
| 1993 | 72.7 |
| 1992 | 84.9 |
| 1991 | 81.7 |
| 1990 | 78.9 |
| 1989 | 79.9 |
| 1988 | 85.9 |
| 1987 | 93.1 |
| 1986 | 88 |
| 1985 | 93.9 |
| 1984 | 99.7 |
| 1983 | 84.6 |
| 1982 | 79.3 |
| 1981 | 83.5 |
| 1980 | 81.3 |
| 1979 | 79.5 |
| 1978 | 80.3 |
| 1977 | 84.9 |
| 1976 | 86.9 |
| 1975 | 85.3 |
| 1974 | 93.6 |
| 1973 | 90.6 |
| 1972 | 78.1 |
| 1971 | 78.8 |
| 1970 | 75.3 |
| 1969 | 79.3 |
| 1968 | 74.8 |
| 1967 | 79 |
| 1966 | 76.2 |
| 1965 | 87.5 |
| 1964 | 82.3 |
| 1963 | 86.1 |
| 1962 | 98.7 |
Rankings
Definition
Sum of exports and imports of goods and services, as a percentage of GDP. World Bank series.
Can exceed 100%, because exports and imports are both counted against GDP, which is only value added. Small open economies with large re-export or transit trade reach several hundred percent.
How to cite
World Bank, World Development Indicators. Trade, % of GDP (NE.TRD.GNFS.ZS). https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS. Retrieved 2026-10-11.Use this data in your AI agent
Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:
What is the latest trade as a share of GDP in Faroe Islands? Cite the source.
get_value {"indicator":"trade_share_gdp","place":"fo"}
GET https://invokely.ai/api/v1/value?indicator=trade_share_gdp&place=foQuestions
What is the trade as a share of GDP in Faroe Islands?
Trade as a share of GDP in Faroe Islands was 105.8% in 2024, according to the World Bank. That is down 7.6 pts from 2023. That is the 54th highest of 171 countries in 2024.
Where does this figure come from?
World Bank. Trade, % of GDP (NE.TRD.GNFS.ZS). Retrieved by Invokely on 2026-10-11.
What was the highest trade as a share of GDP in Faroe Islands?
122.9% in 2022, the highest value since 1962 in this series.