NEWS RELEASE NATIONAL ACCOUNTS 08 DECEMBER 2015

In real terms, non-seasonally adjusted Gross Domestic Product (GDP) for the first three quarters of 2015 increased by 4.5% compared with the same period of 2014. Total domestic final expenditure increased by 6.2%. Private final consumption increased by 4.4%, government final consumption by 0.9% and gross fixed capital formation by 15.8%. While the balance of trade in goods and services improved in nominal terms, the contribution to growth of foreign trade was negative as exports grew by 7.4% and imports grew by 10.9%.

Non-seasonally adjusted figures indicate a year over year (YOY) increase in real GDP by 2.6% for the 3rd quarter of 2015. Total domestic expenditure increased by 3.4%. Household final consumption increased by 4.3%, government final consumption by 0.3% and gross fixed capital formation by 5%. Exports grew by 3.7% and imports grew by 4.9%.


Quarterly national accounts, 3rd quarter 2015 - Statistical Series

Statistics (see Quarterly GDP 1997-2015)

 

Further Information

For further information please contact 528 1100 , email thjodhagsreikningar@hagstofa.is

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