- Statistical Series
- 03. April 2009
-
Vol 94,
Issue 22
- ISSN: 1670-4827
-
Download PDF
The present figures show Gross Domestic Product (GDP) in 2008 amounting to 1,465 billion ISK. In real terms, GDP grew at a rate of 0.3%. The growth in GDP during last year can mainly be explained by 7% growth in exports. Increase in exports together with a decline in imports by 18% resulted in considerable improvement in the external balance on goods and services.