Statistics Iceland releases now a new issue of Statistical Series. This issue presents the Gross Domestic Product (GDP) in 1st quarter of 2007. In real terms the GDP remained almost unchanged from previous year. Total domestic expenditure decreased by close to 10% in real terms in the 1st quarter of 2007 as compared with the same quarter of 2006. The decrease in total domestic expenditure was offset by 17% increase in exports and a decreae of imports by 12% which together resulted in an almost unchanged GDP. Seasonally adjusted series also showed an unchanged GDP from the same quarter of the previous year but a 0.9% downturn from the previous quarter.

Quarterly national accounts, 1st quarter 2007 - publication