Statistics Iceland releases now a new issue of Statistical Series. This issue presents the Gross Domestic Product (GDP) in 4th quarter of 2008. In real terms, seasonally adjusted GDP in the 4th quarter of 2008 decreased by 0.9% from the previous quarter. Over the same period total domestic expenditure decreased by 14.0% in real terms, where household final consumption decreased by 15.0% and gross fixed capital formation by almost 14% while government final consumption increased by 2,4%. Exports rose by 1.5% while imports de¬creased by almost 33% in the 4th quarter of 2008 as compared with the 3rd quarter 2008.

Quarterly national accounts, 4th quarter 2008 - Statistical Series

Statistics (see Quarterly GDP 1997-2008)