Statistics Iceland has now released a new issue of Statistical Series. This issue presents the Gross Domestic Product (GDP) in the 3rd quarter of 2008. In real terms the GDP decreased by 0.8% from the same quarter of the previous year. Total domestic expenditure decreased by 9.7% in real terms in the 3rd quarter of 2008 as compared to the same quarter of 2007. Exports rose by 18% but imports decreased by 10% during this period. Seasonally adjusted series showed a 3.4% downturn in GDP in the 3rd quarter of this year after a 4.7% growth in the 2nd quarter. 

Quarterly national accounts, 3rd quarter 2008 - Statistical Series

Statistics (see Quarterly GDP 1997-2008)