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
History of the Faroe Islands suggested that the people living there might have been from Ireland, Scotland or Scandinavia, with possibly groups from all three areas settling there. There is a Latin account of a voyage made by Saint Brendan, an Irish monastic saint who lived around 484–578, there is a description of "insulae" (islands) resembling the Faroe Islands. This association, however, is far from conclusive in its description. The earliest text which has been claimed to be a description of the Faroe Islands was written by an Irish monk in the Frankish Kingdom named Dicuil, who, around 825, described certain islands in the north