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
Faroe Islands national football team Faroe Islands national football team The Faroe Islands national football team (; ), represents the Faroe Islands in association football and is controlled by the Faroe Islands Football Association. The Faroe Islands became a member of FIFA in 1988 and UEFA in 1990 and is the fourth smallest UEFA country by population. Faroe Islands have never advanced to the finals of the FIFA World Cup or UEFA European Championship. They took part in the Island Games in 1989 and 1991 and won both tournaments. They also took part in the Nordic Football Championship for the first time in 2000–01, the