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
Energy in the Faroe Islands as the islands have a goal of 100% green electricity production by 2030. The municipality-owned company SEV is the main electricity supplier in the Faroe Islands with 97% of the total production, with private producers supplying the rest. The main electricity grid on the Faroe Islands has the highest voltage of 60 kiloVolt, of which there is 90 km overhead wire and 6 km cable. The 20kV system is 460 km and reaches most towns in the main islands, whereas the 10 kV system covers the connected outlying islands, and Torshavn. Due to extreme weather conditions and its lack of