Austria vs Faroe Islands: Trade as a share of GDP

Austria
107.0%
in 2025
Faroe Islands
105.8%
in 2024
Austria rank
55th
Faroe Islands rank
58th

Trade as a share of GDP over time

  • Austria
  • Faroe Islands
0255075100125196219932025

How they compare

Austria currently reports 107.0% against 105.8% in Faroe Islands, a difference of 1.2%.

The two have swapped places 7 times across 55 shared years of data; in 1970 it was Faroe Islands ahead.

Austria ranks 55th and Faroe Islands ranks 58th of 191 countries.

Across the 6 decades both report, Austria averaged higher in 1 and Faroe Islands in 5.

Head to head by decade

Decade Austria Faroe Islands Difference Ahead
1970s 58.0% 83.3% 25.4% Faroe Islands
1980s 66.5% 86.9% 20.4% Faroe Islands
1990s 71.0% 85.8% 14.8% Faroe Islands
2000s 92.5% 101.4% 8.9% Faroe Islands
2010s 104.8% 107.3% 2.6% Faroe Islands
2020s 111.7% 108.3% 3.4% Austria

Averages of every year both report within each decade.

Frequently asked questions

Which has higher trade as a share of gdp, Austria or Faroe Islands?
Austria, at 107.0% against 105.8% in Faroe Islands as of 2025.
What is the difference in trade as a share of gdp between Austria and Faroe Islands?
1.2%, with Austria ahead.
How many years of comparable data are there for Austria and Faroe Islands?
55 years are reported by both, from 1970 to 2024.
How do Austria and Faroe Islands rank globally for trade as a share of gdp?
Austria ranks 55th and Faroe Islands ranks 58th of 191 countries.
Where does this data come from?
National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as Trade as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Austria vs Faroe Islands: Trade as a share of GDP. Statizoid, drawing on National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Retrieved 03 September 2026, from https://economy.statizoid.com/compare/trade-as-share-of-gdp/austria/faroe-islands/

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About this data

Indicator
Trade as a share of GDP
Unit
% of GDP
Source
National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
191 places, 9,006 data points, 1960–2025
Last refreshed

Trade in goods and services as a share of GDP, shown as a percentage.