Statistics Iceland releases now the first provisional annual national accounts for 2008. The figures show Gross Domestic Product (GDP) in 2008 amounting to 1,465 billion ISK. In real terms, GDP grew at a rate of 0.3% after 5.5% growth in the year before.

The growth in GDP during last year can mainly be explained by 7.1% growth in exports, particularly exports from power intensive industry. Increase in exports together with a decline in imports by 18% resulted in considerable improvement in the balance on goods and services.

Gross Domestic Product 2008  - Statistical Series

Statistics