The Quotes are Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.

Political Economy

Icelandic economy expanded by 1.4 percent in the 4th quarter

Friday, 08 March 2013
Iceland's GDP rose by 1.4 percent in the fourth quarter compared to the quarter before.

In the first provisional annual national accounts for 2012, the figures show that Gross Domestic Product (GDP) increased by 1.6 percent in real terms. In 2011, GDP increased by 2.9 percent but decreased by 4.1percent in 2010, Statistic Iceland.

In 2012 domestic expenditure increased by 1.9 percent. Household final consumption increased by 2.7 percent and gross fixed capital formation by 4.4 percent while government final consumption decreased by 0.2 percent. At the same time, exports grew by 3.9 percent and imports by 4.8 percent. This resulted in a surplus in the balance on goods and services of Ikr108 billion in 2012 compared with Ikr139 billion in 2011.

In real terms, non-seasonally adjusted estimates indicate a year over year (YOY) increase in Gross Domestic Product (GDP) of 1.4 percent for the 4th quarter of 2012.
Read more from statistic Iceland
by Scancomark.com Team

What do you think about this article? Suggest correction or join our network!