Faroe Islands - Merchandise trade (% of GDP)

Merchandise trade (% of GDP) in Faroe Islands was 82.85 as of 2017. Its highest value over the past 19 years was 95.12 in 2000, while its lowest value was 68.12 in 2009.

Definition: Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: World Trade Organization, and World Bank GDP estimates.

See also:

Year Value
1998 74.38
1999 83.73
2000 95.12
2001 88.35
2002 81.57
2003 89.16
2004 73.69
2005 77.67
2006 72.61
2007 76.94
2008 75.65
2009 68.12
2010 69.77
2011 80.09
2012 88.96
2013 83.84
2014 77.42
2015 76.78
2016 79.27
2017 82.85

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Total merchandise trade