Statistics Iceland publishes now the sector accounts data for 2016. The figures published here do not present a new assessment of the overall GDP or other major components of the National Accounts for Iceland. Instead the focus is on dividing the totals between different sectors, as well as more detailed analysis of major transfers and flows between sectors.
Gross savings of the household sector amounted to 4.0% of disposable income of the sector in 2016, compared with 5.5% in 2015. Gross fixed capital formation from households amounted to 6.6% of their disposable income in 2016 but was 5.1% in 2015.
Gross fixed capital formation of corporations amounted to 15.5% of GDP in 2016 compared with 13.6% in 2015. The gross profit share of non-financial institutions amounted to 40.9% in 2016 compared with 40.7% in 2015.
The stability contribution from the estates of the fallen banks, 384.3 billion ISK, was included as a tax on sector S.12 (financial corporations) while processing the sector accounts following guidance from the European Statistical Office, Eurostat. This explains the drastic change in performance of the aforementioned sector.
