Exports (% of GDP) in the Faroe Islands in 2024 — 54.56%. Ranked 42 in the world out of 172. Since 1962, the indicator has risen by 8.08 pp.
1962–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | % | Change, pp |
|---|---|---|
| 2024 | 54.56 | −2.64 pp |
| 2023 | 57.19 | −4.18 pp |
| 2022 | 61.37 | +9.39 pp |
| 2021 | 51.98 | +4.55 pp |
| 2020 | 47.43 | −8.34 pp |
| 2019 | 55.77 | +2.95 pp |
| 2018 | 52.82 | −3.55 pp |
| 2017 | 56.37 | +1.83 pp |
| 2016 | 54.54 | +1.32 pp |
| 2015 | 53.22 | −0.2 pp |
| 2014 | 53.41 | −2.03 pp |
| 2013 | 55.44 | +2.88 pp |
| 2012 | 52.56 | +0.12 pp |
| 2011 | 52.43 | +5.71 pp |
| 2010 | 46.72 | +3.06 pp |
| 2009 | 43.66 | −2.32 pp |
| 2008 | 45.97 | +3.85 pp |
| 2007 | 42.13 | +0.33 pp |
| 2006 | 41.8 | −0.25 pp |
| 2005 | 42.05 | −1.66 pp |
| 2004 | 43.7 | −3.07 pp |
| 2003 | 46.77 | −2.29 pp |
| 2002 | 49.06 | −2.5 pp |
| 2001 | 51.56 | +0.23 pp |
| 2000 | 51.34 | +2.57 pp |
| 1999 | 48.76 | +2.11 pp |
| 1998 | 46.65 | −2.09 pp |
| 1997 | 48.74 | −1.1 pp |
| 1996 | 49.84 | +9.11 pp |
| 1995 | 40.73 | −2.84 pp |
| 1994 | 43.58 | −0.22 pp |
| 1993 | 43.8 | −4.6 pp |
| 1992 | 48.39 | +0.03 pp |
| 1991 | 48.37 | +4.54 pp |
| 1990 | 43.83 | +3.63 pp |
| 1989 | 40.19 | +3.74 pp |
| 1988 | 36.46 | −3.37 pp |
| 1987 | 39.83 | +3.35 pp |
| 1986 | 36.47 | −3.41 pp |
| 1985 | 39.88 | +1.8 pp |
| 1984 | 38.08 | +2.93 pp |
| 1983 | 35.14 | +1.46 pp |
| 1982 | 33.68 | −2.81 pp |
| 1981 | 36.5 | +0.25 pp |
| 1980 | 36.24 | +2.63 pp |
| 1979 | 33.61 | −1.71 pp |
| 1978 | 35.32 | −5.97 pp |
| 1977 | 41.29 | +2.67 pp |
| 1976 | 38.62 | +3.11 pp |
| 1975 | 35.51 | −5.01 pp |
| 1974 | 40.52 | −7.81 pp |
| 1973 | 48.33 | +9.49 pp |
| 1972 | 38.84 | +0.97 pp |
| 1971 | 37.87 | −1.53 pp |
| 1970 | 39.4 | +4.75 pp |
| 1969 | 34.65 | +3.13 pp |
| 1968 | 31.52 | −7.01 pp |
| 1967 | 38.53 | +6.18 pp |
| 1966 | 32.35 | −9.57 pp |
| 1965 | 41.92 | +5.25 pp |
| 1964 | 36.67 | −4.98 pp |
| 1963 | 41.65 | −4.83 pp |
| 1962 | 46.48 | — |
The same indicator for neighboring countries — with links to their pages
Exports of goods and services as a percent of GDP — a measure of how far an economy is oriented toward external markets. In small open economies and transit hubs the indicator can exceed 100% of GDP: exports are counted at the full value of the goods while GDP is counted as value added, so re-exports and assembly production inflate the figure.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How far the economy depends on supplies from abroad.
Trade Trade opennessExports plus imports as a percent of GDP — total foreign trade turnover.
Trade Exports of goods and servicesThe value of goods shipped out and of services provided to non-residents, in US dollars.
Trade Imports of goods and servicesThe value of goods brought in and of services received from non-residents.
Trade High-technology exports (% of manufactured exports)What part of manufactured exports consists of high-technology products.
Trade Merchandise exportsExports of goods only, without services — WTO data.
