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 Faroe Islands, more or less following the boundaries of the districts and constituencies. If this happens the Faroe Islands will have left the administrative structure of "parish-municipalities" which was built up in the first half of the 20th century and entered a structure of "regional-municipalities". Furthermore, there was a long-running discussion on reducing or even removing the constituencies. In the end, from the 2008 election onwards, the constituencies were abolished. The regions (sýsla) are not administrative parts of the islands like the municipalities (kommuna), the municipalities charge taxes from the citizens who live there. The regions cannot charge taxes from