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 games were hosted by the islands in 1989 and Faroes won the Island Games in 2009. Football is by far the biggest sports activity on the islands, with 7,000 registered players out of the whole population of 50,000. Ten football teams contest the Faroe Islands Premier League, currently ranked 51st by UEFA's League coefficient. The Faroe Islands are a full member of UEFA and the Faroe Islands national football team competes in the UEFA European Football Championship qualifiers. The country is also a full member of FIFA and therefore the Faroe Islands football team also competes in the FIFA World