Faroe Islands the economy remains vulnerable. One of the biggest private companies of the Faroe Islands is the salmon farming company Bakkafrost, which is the largest of the four salmon farming companies in the Faroe Islands and the eighth biggest in the world. Petroleum found close to the Faroese area gives hope for deposits in the immediate area, which may provide a basis for sustained economic prosperity. 13% of the Faroe Islands' national income comes as economic aid from Denmark. This corresponds to roughly 5% of GDP. Since 2000, the government has fostered new information technology and business projects to attract new
Geology of the Faroe Islands erupted, plate tectonics has slowly moved the Faroe Islands away from the active volcanic region, which today is concentrated in Iceland and along the Mid-Atlantic Ridge. Meanwhile, the majority of the Faroe–Rockall Plateau has subsided beneath sea level while erosive forces–especially during the last few million years of alternating glacial and interglacial periods–have sculpted the landscape into their present-day shape. The overall thickness of volcanic and intervening rock layers of the Faroe Islands is more than , of which only is located above the present sea level. A deep well in Lopra, Suðuroy, has revealed details of the lower strata.