Travel Guide to Iceland
Latest news
A+ R A-

GDP growth in Iceland was 1.6% in 2012 Featured

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

In 2012 domestic expenditure increased by 1.9%. Household final consumption increased by 2.7% and gross fixed capital formation by 4.4% while government final consumption decreased by 0.2%. At the same time, exports grew by 3.9% and imports by 4.8%. This resulted in a surplus in the balance on goods and services of 108 billion ISK (around 658 million EUR) in 2012 compared with 139 billion ISK (around 847 million EUR) in 2011.

The growth in gross fixed capital formation is mostly due to imports of ships and aircraft, with marginal impact on GDP. Excluding ships and aircraft, gross fixed capital formation decreased by 4.7% in 2012.

 

Source: http://www.statice.is/Pages/444?NewsID=9772

 

Most recent news ...

Life lessons from Iceland's handball hero - VIDEO

Life lessons from Iceland's handball hero - VIDEO

Icelandic handball hero, Ólafur Stefánsson, was interviewed by CNN recently. The legend quit playing handball earlier...

Icelander Halldor Helgason has the snowboarding jump of the year

Icelander Halldor Helgason has the snowboarding jump of the year

An unbelievable jump by Halldor Helgasaon has been chosen the jump of year 2013 by the magazine Snowboarding. This is...

Ben Stiller talks about Iceland - VIDEO

Ben Stiller talks about Iceland - VIDEO

Ben Stiller's new movie The Secret Life of Walter Mitty recently premiered and has been well received. Iceland plays ...

Iceland May Just Be The Most Beautiful Place On Earth

Iceland May Just Be The Most Beautiful Place On Earth

Memolition recently posted a story with 17 photos, claiming that Iceland may be the Most Beautiful Place on Earth. It...

Cut development aid to children by 12%

Cut development aid to children by 12%

"It is a concern that always when a recession comes the development aid is decreased. That was also done during the f...

The Secret Life of Walter Mitty premiere - VIDEO

The Secret Life of Walter Mitty premiere - VIDEO

A special celebratory premiere of Ben Stiller's 'The Secret Life of Walter Mitty' was held in Smárabíó Movie Theater ...

19 people will be granted Icelandic citizenship

19 people will be granted Icelandic citizenship

A bill has been put forward in parliament, which would grant 19 individuals Icelandic citizenship if passed. A total ...

Free Concert with Herbert Gudmundsson in Reykjavík tonight

Free Concert with Herbert Gudmundsson in Reykjavík tonight

Musician Herbert Guðmundsson celebrates his 60th birthday today. The singer will celebrate with a concert in Kex Host...

No Travel Weather Today

No Travel Weather Today

Travelers in Iceland should follow the weather forecast closely for the next few days. It's going to be windy the nex...

Russell Brand visited Mayor Jon Gnarr

Russell Brand visited Mayor Jon Gnarr

Mayor of Reykjavik, Jón Gnarr, had an interesting guest over in city hall earlier this week. Russell Brand was in Ice...

NOI on Twitter

Extreme Iceland Travel Agency and Tour Operator

Extreme Iceland travel agency can help you with anything related to your stay in Iceland

Upcoming events

No events

NOI on Facebook

Latest blog

Do you have travel stories or pictures from your travels in Iceland?

You can share them with us, send an email to travel@newsoficeland.com

Stay connected

Latest blog

Latest Editorials

Latest Interviews

Videos

Travel

Business & Economics

Politics

Entertainment

Login

*
*
*
*
*

* Field is required