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 Nólsoy. Production of hard alcohol such as snaps is forbidden in the Faroe Islands, hence the Faroese akvavit is produced abroad. Since the friendly British occupation, the Faroese have been fond of British food, in particular fish and chips and British-style chocolate such as Cadbury Dairy Milk, which is found in many of the island's shops. There are records of drive hunts in the Faroe Islands dating from 1584. Whaling in the Faroe Islands is regulated by Faroese authorities but not by the International Whaling Commission as there are disagreements about the Commission's legal authority to regulate cetacean hunts. Hundreds