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
Municipalities of the Faroe Islands (FKF). Hagstova Føroya - information from 2007.<br> Tórshavn is both the capital of the Streymoy region and its own region, the latter being identical with Tórshavn municipality, but not including the area of the former Kollafjarðar kommuna.<br> Klaksvík both capital of the Norðoyggjar region as well of its own region, which constitute of the two municipalities Klaksvík and Hvannasund. Municipalities of the Faroe Islands The Faroe Islands are administratively divided in 30 municipalities ("kommunur"), with about 120 cities and villages. Until December 31, 2008, there were 34 municipalities, and until December 31, 2004, there were 48 municipalities. In the coming