The ballistic resistance of GFRP laminates subjected to high-velocity impact was studied. Based on the damage situation of GFRP laminate observed from the single-stage gas gun testing, the three-dimensional (3D) model combining strain rate effect and Hashin failure criterion was established, and the result presented good agreement between the simulation and experiment. Three factors, including layer angle, stacking sequence and proportion of different layer angles, were taken into consideration in the models. An orthogonal test method was used for the analysis, which can reduce the number of simulations effectively without sacrificing the accuracy of the result. The result indicated a correlation between the ballistic resistance and layouts of GFRP laminates, on which the stacking sequence contributed stronger influence. What was more, the laminate with layer angles 0°/90° and ±45° presented greater ballistic resistance than the other angle pairs, and adopting an equal proportion of different layer angles is helpful for GFRP laminates to resist impact as well.