Friday - 14 September 2007
Quarterly national accounts, 2nd quarter 2007
Statistics Iceland releases now a new issue of Statistical Series. This issue presents the Gross Domestic Product (GDP) in 2nd quarter of 2007. In real terms the GDP grew by 2.5% from previous year and total domestic expenditure remained almost unchanged in real terms in the 1st quarter of 2007 as compared with the same quarter of 2006. During the period exports decreased by over 3% and imports by almost 7%.
Seasonally adjusted series shows a 2.2% growth in GDP in the 2nd quarter of 2007 after a 0.9% downturn in the 1st quarter.