Economy of the Faroe Islands and holding below 3% since 2006, one of the lowest rates in Europe. Since 2000, new information technology and business projects have been fostered in the Faroe Islands to attract new investment. The result from these projects is not yet known but is hoped to bring a better market economy to the Faroe Islands. In 2014 the Faroe Islands had a trade surplus of 401 million DKK, a figure that rose to 1.43 billion DKK in 2016. As of 2016, the Faroe Islands mainly imported goods from Denmark (2,467 million DKK), Germany (877 million DKK), and Norway (610 DKK). The
Elections in the Faroe Islands 4.2%, 1 MP Elections in the Faroe Islands The Faroe Islands elects on national level a legislature. The Faroese Parliament ("Løgtingið in Faroese") has 33 members of parliament, elected for a four-year term by proportional representation. The Faroe Islands have a multi-party system (disputing on independence and unionism as well as left and right), with numerous parties in which a single party normally does not have a chance of gaining power alone, and therefore the parties must work together in order to form a coalition government. JF - 23.4%, 8 MPs<br> FF - 21.6%, 7 MPs<br> SF - 21.2%, 7