Monday - 8 June 2009
Quarterly national accounts, 1st quarter 2009
Statistics Iceland releases now a new issue of Statistical Series. This issue presents the Gross Domestic Product (GDP) in 1st quarter of 2009. In real terms, seasonally adjusted GDP in the 1st quarter of 2009 decreased by 3.6% from the previous quarter. Over the same period total domestic expenditure decreased by 3.3% in real terms, where household final consumption increased by 1.7% but gross fixed capital formation decreased by 31.3% and government final consumption decreased by 2.2%. Exports fell by 1.9% while imports increased by 7.8% in the 1st quarter of 2009 as compared with the 4th quarter 2008.