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
Faroe Islands "sýslur" (similar to the British "shire": Norðoyar, Eysturoy, Streymoy, Vágar, Sandoy, and Suðuroy). Although today "sýsla" technically means "police district", the term is still commonly used to indicate a geographical region. In earlier times, each "sýsla" had its own assembly, the so-called "várting" ("spring assembly"). The Faroe Islands have been under Norwegian/Danish control since 1388. The 1814 Treaty of Kiel terminated the Danish-Norwegian union, and Norway came under the rule of the King of Sweden, while the Faroe Islands, Iceland, and Greenland remained Danish possessions. From ancient times the Faroe Islands had a parliament ("Løgting"), which was abolished in 1816,