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
Ancient Diocese of the Faroe Islands Ancient Diocese of the Faroe Islands The former Catholic Diocese of the Faroe Islands existed from the 11th century to the Protestant Reformation. The Faroe Islands are now included in the Roman Catholic Diocese of Copenhagen. As recorded in the Færeyinga saga, Sigmundur Brestisson came to the Faroes and converted the people to Christianity more or less one by one. He was eventually attacked at his home by his first (forced) convert, Tróndur í Gøtu, swam to another island to escape, and was finally killed by a farmer for his gold jewelry. There is some confusion as to when the