In real terms, non-seasonally adjusted Gross Domestic Product (GDP) for the first three quarters of 2013 increased by 3.1% compared with the first three quarters of 2012. Total domestic final expenditure decreased by 0.5%. Household final consumption increased by 1.3% and gross government final consumption increased by 1.4%, while fixed capital formation decreased by 7.1% over the same period. At the same time balance of trade in goods and services improved, exports grew by 4.2% and imports decreased by 1.9%.

Non-seasonally adjusted figures indicate a year over year (YOY) increase in GDP by 4.9% for the 3rd quarter of 2013. Total domestic expenditure increased by 0.6% in the quarter, when compared with the same quarter of the previous year.


Quarterly national accounts, 3rd quarter 2013 - Statistics Iceland

Statistics (see Quarterly GDP 1997-2013)