NEWS RELEASE NATIONAL ACCOUNTS 08 DECEMBER 2017

Non-seasonally adjusted figures indicate a year over year increase in real GDP by 3.1% for the 3rd quarter of 2017. Total domestic expenditure increased by 10.7%. Household final consumption increased by 6.7%, government final consumption by 2.9% and gross fixed capital formation by 19.4%. At the same time exports decreased by 0.1% and imports grew by 11.6%.

Seasonally adjusted GDP in the 3rd quarter of 2017 increased by 2.2% from the previous quarter.

In real terms, non-seasonally adjusted Gross Domestic Product (GDP) increased by 4.3% for the first three quarters of 2017 compared with the same period of 2016. Total domestic final expenditure increased by 7.4%. Household final consumption increased by 7.7%, government final consumption by 2.7% and gross fixed capital formation by 11.8%. At the same time exports grew by 3.9% and imports grew by 10.7%.

Quarterly national accounts, 3rd quarter 2017  Statistical Series

Statistics

Further Information

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

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