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
Regions of the Faroe Islands Regions of the Faroe Islands The Faroe Islands are divided into 30 municipalities, six regions/shires (sýsla, sýslur in plural) and since 2007 there has been only one constituency, earlier there were seven constituencies. Each region has one sheriff (sýslumaður). The administrative subdivisions of the Faroe Islands are frequently changing. In the 1980s there were more than 50 municipalities. During the last past decades the number has been decreasing steadily, and more municipal-mergers can be expected within the following years. The aim of the ministry of interior is that in 2015 there will be only seven or nine municipalities in the