Statistics Iceland publishes now the non-financial institutional sector accounts data for 2012 and 2013, along with revised data for 2000-2011.

The main revision from previously published figures is that data used to split the production account between sectors for 2008-2011 have been enhanced. Other changes are due to the results of revised figures in the national accounts accounts published on the website of Statistics Iceland in September this year.

Some selected national account figures for 2013
  S. 11 S. 12 S. 13    S. 14          S. 15       
Million ISK at current prices Non-financial  Financial  General     
  institutions institutions government Households NPISH
           
Value Added, gross 1,037,225 123,088 294,954 181,205 36,582
Operating Surplus, gross 407,338 54,332 38,274 136,086 8,300
National Income, gross 294,467 163,462 253,182 1,132,310 8,317
Disposable Income, gross 257,615 186,993 510,137 867,629 13,202
Adjusted Disposable Income, gross 257,615 186,993 219,893 1,194,773 -23,699
Saving, gross 257,615 80,372 51,939 24,153 -23,699
Consumption of Fixed Capital  178,992 5,661 53,941 63,765 6,004
Saving, net 78,623 74,710 -2,002 -39,612 -29,703

 

The final balancing items of these accounts are gross and net savings for each sector. Gross savings of the domestic sectors increased by 179 billion ISK from 2012 to 2013. Gross saving of non-financial institutions increased by 189 billion ISK, the general government by 29 billion ISK and of households by 12 billion ISK. Gross saving of financial institutions decreased by 49 billion ISK between 2012 and 2013 and non-profit institutions serving households by 2 billion ISK, measured at current prices.

On average over the period, the household sector gross savings are 4.9% of its gross disposable income. In 2013, the household saving rate was 2.8%, and in 2012 it was 1.5%.

Statistics