The total turnover of enterprises in activities that are subject to VAT amounted to 527 billion ISK in the period of January-February 2015, which is an increase of 9,6% compared to the same period in 2014. In the last 12 months the increase is 6.3% compared with the previous 12 months. The biggest increase is in Mining and quarrying. Statistics Iceland is also publishing a new table that will be reviewed once a year, containing VAT turnover by municipalities of enterprises, based on their legal residence.

Turnover
  January - February   March - February  
  2014 2015 % 2013-2014 2014-2015 %
Total 480,717 526,929 9.6% 3,333,514 3,542,394 6.3%
01/02 Agriculture and forestry 1,912 2,094 9.5% 47,432 48,179 1.6%
B Mining and quarrying 411 706 71.6% 3,777 4,965 31.5%
03/10.2 Fishing, aquaculture; fish processing 54,148 60,254 11.3% 383,359 369,946 -3.5%
C Manufacturing excluding 10.2, fish processing  89,432 111,411 24.6% 596,817 679,175 13.8%
D/E Electricity, gas;  water supply; sewerage and waste management 23,962 27,159 13.3% 149,501 161,699 8.2%
F Construction 18,955 20,564 8.5% 140,668 162,476 15.5%
G Wholesale and retail trade; repair of motor vehicles and motorcycles 162,239 168,777 4.0% 1,091,017 1,137,766 4.3%
H Transportation and storage 45,636 45,932 0.6% 336,512 339,281 0.8%
I Accommodation and food service activities 12,278 13,968 13.8% 99,796 115,289 15.5%
J Information and communication 25,335 24,912 -1.7% 154,438 165,677 7.3%
L Real estate activities 9,392 9,868 5.1% 57,574 63,408 10.1%
M Professional, scientific and technical activities 18,023 19,699 9.3% 119,807 130,673 9.1%
N Adminstrative and support service activities 9,041 10,395 15.0% 68,931 78,864 14.4%
Other fields of activity 9,952 11,189 12.4% 83,886 84,996 1.3%

Statistics