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 national football team Faroe Islands national football team The Faroe Islands national football team (; ), represents the Faroe Islands in association football and is controlled by the Faroe Islands Football Association. The Faroe Islands became a member of FIFA in 1988 and UEFA in 1990 and is the fourth smallest UEFA country by population. Faroe Islands have never advanced to the finals of the FIFA World Cup or UEFA European Championship. They took part in the Island Games in 1989 and 1991 and won both tournaments. They also took part in the Nordic Football Championship for the first time in 2000–01, the