Faroe Islands vs North America: Merchandise trade (% of GDP)
Merchandise trade (% of GDP) over time
- Faroe Islands
- North America
How they compare
Faroe Islands currently reports 80.8% against 20.6% in North America, a difference of 60.2%.
That makes Faroe Islands's figure about 3.9 times North America's.
Across all 60 years both countries report, Faroe Islands has been ahead every year.
Faroe Islands ranks 49th and North America ranks 47th of 204 countries.
Faroe Islands has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Faroe Islands | North America | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 80.8% | 9.0% | 71.8% | Faroe Islands |
| 1970s | 83.3% | 14.2% | 69.1% | Faroe Islands |
| 1980s | 86.4% | 17.0% | 69.4% | Faroe Islands |
| 1990s | 78.3% | 19.7% | 58.7% | Faroe Islands |
| 2000s | 78.8% | 22.8% | 56.0% | Faroe Islands |
| 2010s | 78.6% | 24.3% | 54.3% | Faroe Islands |
| 2020s | 85.2% | 21.5% | 63.7% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise trade, Faroe Islands or North America?
- Faroe Islands, at 80.8% against 20.6% in North America as of 2024.
- What is the difference in merchandise trade between Faroe Islands and North America?
- 60.2%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and North America?
- 60 years are reported by both, from 1965 to 2024.
- How do Faroe Islands and North America rank globally for merchandise trade?
- Faroe Islands ranks 49th and North America ranks 47th of 204 countries.
- Where does this data come from?
- World Trade Organization (WTO), published as Merchandise trade (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.