The total turnover of enterprises in activities that are subject to VAT amounted to 590 billion ISK in the period of November-December 2013, which is an increase of 5% from the same period of 2012. The total VAT turnover of the whole year in 2013 amounted to 3.340 billion ISK, which is a 3.3% increase from the year before.

An increase in turnover has been within all activity sectors except for manufacturing. The highest increase in turnover was in mining and quarrying, accommodation and food service activities, and in Construction.

Turnover
November-December January-December
  2012 2013 % 2012 2013 %
Total 560,708 588,936 5.0% 3,233,480 3,340,033 3.3%
01/02 Agriculture and forestry 20,233 20,107 -0.6% 42,506 44,671 5.1%
B Mining and quarrying 580 606 4.4% 3,279 3,853 17.5%
03/10.2 Fishing, aquaculture; fish processing 61,563 64,932 5.5% 417,253 398,759 -4.4%
C Manufacturing excluding 10.2, fish processing  91,924 93,239 1.4% 599,724 580,190 -3.3%
D/E Electricity, gas;  water supply; sewerage and waste management 28,277 29,207 3.3% 140,245 150,174 7.1%
F Construction 25,042 28,026 11.9% 120,466 138,412 14.9%
G Wholesale and retail trade; repair of motor vehicles and motorcycles 186,248 194,691 4.5% 1,058,396 1,118,188 5.6%
H Transportation and storage 46,772 50,540 8.1% 316,678 333,437 5.3%
I Accommodation and food service activities 11,905 13,854 16.4% 82,359 96,432 17.1%
J Information and communication 27,927 30,102 7.8% 145,079 152,367 5.0%
L Real estate activities 9,522 10,590 11.2% 51,868 56,896 9.7%
M Professional, scientific and technical activities 23,185 24,823 7.1% 112,923 114,449 1.4%
N Adminstrative and support service activities 10,345 11,515 11.3% 58,987 67,768 14.9%

Statistics