Economy of the Faroe Islands Economy of the Faroe Islands The economy of the Faroe Islands was the 166th largest in the world in 2014, having a nominal gross domestic product (GDP) of $2.613 billion per annum. High dependence on fishing means the economy remains extremely vulnerable. The Faroese hope to broaden their economic base by building new fish-processing plants. Petroleum found close to the Faroese area gives hope for deposits in the immediate area, which may lay the basis to sustained economic prosperity. Also important are the annual subsidy from Denmark, which amounts to about 3% of the GDP. The Faroes have one of
An Imaginary Trip to the Faroe Islands tone for my overture. I did not create so much of it myself through any spiritual experience, and yet the work has filled me with pleasure. I have tried to offer some of the same spirit that the painter or sculptor creates when he places his abilities at the service of applied art." The programme for the concert listed the following subtitles for the work: An Imaginary Trip to the Faroe Islands Carl Nielsen's rhapsody overture An Imaginary Trip to the Faroe Islands ("En Fantasirejse til Færøerne"), is a musical composition for orchestra. The Royal Danish Theatre in Copenhagen commissioned