NEWS RELEASE NATIONAL ACCOUNTS 05 DECEMBER 2014

In real terms, non-seasonally adjusted Gross Domestic Product (GDP) for the first three quarters of 2014 increased by 0.5% compared with the same period of 2013. Total domestic final expenditure increased by 3%. Household final consumption increased by 2.8%, govern-ment final consumption by 1.1% and gross fixed capital formation by 12%. At the same time balance of trade in goods and services worsened, exports grew by 5.1% and imports grew by 10.8%.

Non-seasonally adjusted figures indicate a year-over-year (YOY) decrease in GDP by 0.2% for the 3rd quarter of 2014. Total domestic expenditure increased by 4.2%. Household final consumption increased by 0.7%, government final consumption by 1.2% and gross fixed capital formation by 22.9%. At the same time balance of trade in goods and services worsened, ex-ports grew by 5.7% and imports grew by 14.5%.


Quarterly national accounts, 3rd quarter 2014 - publication


Statistics (see Quarterly GDP 1997-2014)

 

Further Information

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

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