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
Extreme points of the Faroe Islands which makes use of the World Geodetic System (WGS) 84, a geodetic reference system. Extreme points of the Faroe Islands The extreme points of the Faroe Islands include the coordinates that are further north, south, east or west than any other location in the Faroe Islands; and the highest and the lowest elevations in the territory. The latitude and longitude are expressed in , in which a positive latitude value refers to the northern hemisphere, and a negative value refers to the southern hemisphere. Similarly, a positive longitude value refers to the eastern hemisphere, and a negative value refers to