Sale value of sound recordings from distributors increased 18% between the years 2018 and 2019. This is the fourth year in a row where the revenue has increased after almost continuous decline since around the turn of this century.
Meat production in January was 1% less than in January 2020. Pork production increased by 5.6% while beef production decreased by 6.6% and poultry production by 2.6% compared with January last year. Moreover, hatching of poultry for meat production decreased by 14.4%. Figures have been updated.
Accrued-to-date pension entitlements in social insurance amounted to 2,700 billion ISK in year-end 2018 according to calculations from Statistics Iceland, equivalent to 95% of GDP for the year.
Gross domestic product (GDP) is estimated to have decreased by 5.1% in volume in the fourth quarter of 2020 compared with the same period last year. In the year 2020, GDP is estimated to have decreased by 6.6% in volume. This decrease can largely be attributed to the effects of the Covid-19 pandemic.