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
Flag of the Faroe Islands of the Norwegian flag, with the fimbriated cross. The flag proportion is usually 5:7. White symbolises the creators of the flag, the foam of the sea and the pure, radiant sky of the Faroe Islands, while the old Faroese blue and red colours are reminiscent of other Scandinavian and Nordic flags; representing the Faroe Islands' bonds with other Nordic countries. The modern Faroese flag was devised in 1919 by Jens Oliver Lisberg and others while they were studying in Copenhagen. The first time Merkið was raised in the Faroe Islands was on 22 June that year in Fámjin on the