Several excavations have shown that Syðrugøta is one of the oldest settlements in the Faroe Islands. During many excavations up to the latest one in 2006, remains from the first settlements have been found. Many believe that the great Norse chieftain, Tróndur í Gøtu lived and had his chiefdom in Syðrugøtu – among many reasons why, is because of the good view he would have had out to the horizon and the short distance to his fleet, stationed at Undir Gøtueiði.
There are still many unexcavated ruins of centuries-old farmhouses buried in the ground in Syðrugøtu.
Varðin í Gøtu
One of the most influential and wealthy[2] companies in the Faroe Islands, Varðin í Gøtu, is based in Syðrugøta. Varðin í Gøtu owns several large fishing vessels, trawlers, like Tróndur í Gøtu, Finnur Fríði, Jupiter, and Saksaberg.[3] The trawlers fish mackerel, herring, capelin and blue whiting.[4] Varðin í Gøtu is the parent company for these limited companies: Driftin, Desin, Hvanngarður, Krossbrekka, Hvamm, Gulenni (which owns fishing vessels), Varðin Pelagic (a pelagic fish factory), and Uppisjóvarhavnin (the harbour in Tvøroyri where Varðin Pelagic was built in 2012). The CEO of Varðin í Gøtu is Jákup Jacobsen, also known as Dunga Jákup. His son Bogi Jacobsen is the CEO of Varðin Pelagic and board member of all of Varðin's subsidiary companies.[5] Around 350 people work for the companies of Varðin í Gøtu.[2]
Music
G! Festival is an annual Faroese festival that is held in Syðrugøta, and it's one of the largest festivals in the Faroe Islands. The village also saw the birth of Eivør Pálsdóttir, one of the best known singers from the archipelago worldwide.