Faroe Islands vs Palau: Trade as a share of GDP
Faroe Islands
105.8%
in 2024
Palau
105.8%
in 2024
Faroe Islands rank
58th
Palau rank
56th
Trade as a share of GDP over time
- Faroe Islands
- Palau
How they compare
Palau currently reports 105.8% against 105.8% in Faroe Islands, a difference of 0.0%.
The two have swapped places 2 times across 20 shared years of data; in 2005 it was Palau ahead.
Faroe Islands ranks 58th and Palau ranks 56th of 191 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 1 and Palau in 2.
Head to head by decade
| Decade | Faroe Islands | Palau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 99.6% | 122.1% | 22.5% | Palau |
| 2010s | 107.3% | 129.5% | 22.2% | Palau |
| 2020s | 108.3% | 100.0% | 8.3% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher trade as a share of gdp, Faroe Islands or Palau?
- Palau, at 105.8% against 105.8% in Faroe Islands as of 2024.
- What is the difference in trade as a share of gdp between Faroe Islands and Palau?
- 0.0%, with Palau ahead.
- How many years of comparable data are there for Faroe Islands and Palau?
- 20 years are reported by both, from 2005 to 2024.
- How do Faroe Islands and Palau rank globally for trade as a share of gdp?
- Faroe Islands ranks 58th and Palau ranks 56th 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.
Individual pages
About this data
Trade in goods and services as a share of GDP, shown as a percentage.