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
Tour of Faroe Islands Tour of Faroe Islands The Tour of Faroe Islands () is a road cycling race held in the Faroe Islands. The race consists of a men's, women's and juniors' competition over a prologue and four or five stages, which are for elite cyclists and shorter distances for non-elite cyclists. From 2011 to 2013, the race was changed to four stages in three days. The first edition of the "Kring Føroyar" tour was held in 1996 but it was not an official race; the 1997 Tour was the first official edition of the race. The race is normally held in July