Faroe Islands: Overall globalization
* indicates monthly or quarterly data series
| Faroe Islands |
Globalization index (0-100) |
|---|---|
| Latest value | 41.41 |
| Year | 2022 |
| Measure | points |
| Data availability | 1970 - 2022 |
| Average | 36.85 |
| Min - Max | 32.64 - 42.99 |
| Source | The Swiss Institute of Technology in Zurich |
The latest value from 2022 is 41.41 points, a decline from 42 points in 2021. In comparison, the world average is 61.23 points, based on data from 190 countries. Historically, the average for the Faroe Islands from 1970 to 2022 is 36.85 points. The minimum value, 32.64 points, was reached in 1982 while the maximum of 42.99 points was recorded in 2013.
See the global rankings or
world map for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
The KOF Globalization Index for the Faroe Islands is an average of the indexes for Economic Globalization, Social Globalization, and Political Globalization for the Faroe Islands.
Definition: The overall index of globalization covers the economic, social, and political dimensions of globalization. Higher values denote greater globalization. More information and the original data can be obtained here.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Overall globalization | 41.41 | 2022 | points |
| Economic globalization | 74.00 | 2019 | points |
| Political globalization | 75.42 | 2022 | points |
| Social globalization | 80.14 | 2022 | points |