Faroe Islands—Exports of Goods & Services (% of GDP)
Category: TradeSource: World Bank World Development Indicators ↗Global Rank: #48 of 183Updated May 2026
Latest Value
54.6%
2024
YoY Change
-4.6%
2023 → 2024
Global Rank
#48
of 183 countries
Maximum
61.4%
2022
Minimum
41.8%
2006
CAGR
+0.3%
25 years
Last
54.6%
Previous
57.2%
Highest
61.4%
Lowest
41.8%
Source
World Bank World Development Indicators
Faroe Islands's exports of goods & services (% of gdp) was 54.6% in 2024, ranking #48 out of 183 countries. This represents a -4.6% change from 2023. Over the past 25 years, the highest recorded value was 61.4% (2022) and the lowest was 41.8% (2006). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 54.6% | -4.6% |
| 2023 | 57.2% | -6.8% |
| 2022 | 61.4% | +18.1% |
| 2021 | 52.0% | +9.6% |
| 2020 | 47.4% | -15.0% |
| 2019 | 55.8% | +5.6% |
| 2018 | 52.8% | -6.3% |
| 2017 | 56.4% | +3.4% |
| 2016 | 54.5% | +2.5% |
| 2015 | 53.2% | -0.4% |
| 2014 | 53.4% | -3.7% |
| 2013 | 55.4% | +5.5% |
| 2012 | 52.6% | +0.2% |
| 2011 | 52.4% | +12.2% |
| 2010 | 46.7% | +7.0% |
| 2009 | 43.7% | -5.0% |
| 2008 | 46.0% | +9.1% |
| 2007 | 42.1% | +0.8% |
| 2006 | 41.8% | -0.6% |
| 2005 | 42.0% | -3.8% |
| 2004 | 43.7% | -6.6% |
| 2003 | 46.8% | -4.7% |
| 2002 | 49.1% | -4.8% |
| 2001 | 51.6% | +0.4% |
| 2000 | 51.3% |
Top Countries — Exports of Goods & Services (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Luxembourg | 191.5% | 2024 |
| 2 | San Marino | 186.0% | 2023 |
| 3 | Hong Kong SAR, China | 181.8% | 2024 |
| 4 | Singapore | 178.8% | 2024 |
| 5 | Ireland | 144.0% | 2024 |
| 6 | Djibouti | 126.4% | 2024 |
| 7 | Malta | 118.5% | 2024 |
| 8 | United Arab Emirates | 106.8% | 2023 |
| 9 | Virgin Islands (U.S.) | 97.4% | 2022 |
| 10 | Cyprus | 97.0% | 2024 |