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
Education in the Faroe Islands Faroese Research Council that decides its recipients. From 2002 to 2012 the Research Foundation had received over 70 million DKK. Research is conducted by several governmental institutions (i.e. museums, laboratories, hospitals, marine institutes) and the University of the Faroe Islands. Education in the Faroe Islands The levels of education in the Faroe Islands are primary, secondary and higher education. Most institutions are funded by the state; there are few private schools in the country. Education is compulsory for 9 years between the ages of 7 and 16. In the twelfth century education in the Faroe Islands was provided by the