Quarterly National Accounts, Volume 2011 Issue 3
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Quarterly National Accounts, Volume 2011 Issue 3

The OECD’s Quarterly National Accounts contains a selection of the accounts most widely used by economic analysts: GDP by expenditure and by industry, gross fixed capital formation by asset, gross fixed capital formation by institutional sector, and components of disposable income are all shown at both current and constant prices. Saving and Net lending and GDP by income at current prices are also provided as well as population and employment data (national concept) and employment by industry (domestic concept). The data cover 34 OECD countries, and totals are provided for the following groups: OECD, OECD-Europe, the European Union, the euro area and the Major seven (G7). Data are based on the System of National Accounts 1993 (1993 SNA) for all countries except Australia (2008 SNA).

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Quarterly National Accounts, Volume 2011 Issue 3 - © OECD 2011

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1Gross domestic product, expenditure approach
  Million ISK, quarterly levels
‌‌
‌‌
‌2007‌
‌2008‌
‌2009‌
‌2010‌
‌2007‌
‌2008‌
‌2009‌
 Q4 
 Q1 
 Q2 
 Q3 
 Q4 
 Q1 
 
AT CURRENT PRICES, S.A.
 
 
 
 
 
 
 
 
 
 
1
Final consumption expenditure
1 068 439
 
1 157 232
 
1 161 404
 
1 186 342
 
277 270
 
288 526
 
291 728
 
294 319
 
282 658
 
284 842
 
2
Private final consumption expenditure
751 611
 
789 923
 
764 458
 
787 724
 
196 913
 
203 465
 
202 158
 
200 476
 
183 824
 
185 714
 
3
Households 1
725 158
 
759 895
 
733 456
 
757 301
 
191 494
 
196 513
 
194 165
 
191 654
 
177 564
 
177 490
 
4
Non profit institutions serving households 1
26 453
 
30 028
 
31 003
 
30 423
 
6 780
 
7 159
 
7 187
 
7 724
 
7 958
 
7 896
 
5
Government final consumption expenditure
316 828
 
367 309
 
396 946
 
398 618
 
80 356
 
85 061
 
89 571
 
93 843
 
98 834
 
99 128
 
6
Individual
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
7
Collective
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
8
Gross capital formation
379 674
 
365 779
 
210 163
 
196 518
 
87 594
 
89 640
 
81 390
 
109 164
 
85 585
 
51 654
 
9
Gross fixed capital formation by asset
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
10
Dwellings
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
11
Other buildings and structures
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
12
Transport equipment
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
13
Other machinery and equipment
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
14
Cultivated assets
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
15
Intangible fixed assets
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
16
Residual item
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
17
Gross fixed capital formation by institutional sector
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
18
General government
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
19
Other sectors
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
20
Changes in inventories, acquisitions less disposals of valuables
6 626
 
3 255
 
654
 
-3 373
 
-109
 
798
 
-6 749
 
14 860
 
-5 654
 
12 152
 
21
Changes in inventories
6 626
 
3 255
 
654
 
-3 373
 
-109
 
798
 
-6 749
 
14 860
 
-5 654
 
12 152
 
22
Acquisitions less disposals of valuables
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
23
External balance of goods and services
-139 583
 
-41 024
 
126 106
 
154 246
 
-32 024
 
-32 428
 
-10 164
 
-29 194
 
30 762
 
33 602
 
24
Exports of goods and services
453 349
 
657 271
 
788 276
 
861 272
 
129 757
 
123 119
 
174 836
 
166 679
 
192 637
 
180 901
 
25
Exports of goods
306 001
 
466 860
 
500 855
 
561 032
 
91 192
 
79 494
 
130 628
 
118 195
 
138 543
 
119 319
 
26
Exports of services
147 348
 
190 412
 
287 422
 
300 240
 
38 564
 
43 626
 
44 207
 
48 485
 
54 094
 
61 582
 
27
Imports of goods and services
592 932
 
698 296
 
662 171
 
707 026
 
161 780
 
155 547
 
185 000
 
195 874
 
161 875
 
147 299
 
28
Imports of goods
396 059
 
473 525
 
410 575
 
440 821
 
109 951
 
103 104
 
129 871
 
133 899
 
106 651
 
91 010
 
29
Imports of services
196 873
 
224 771
 
251 596
 
266 205
 
51 829
 
52 443
 
55 128
 
61 975
 
55 224
 
56 290
 
30
Residual item
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
31
Gross domestic product
1 308 530
 
1 481 986
 
1 497 673
 
1 537 106
 
332 840
 
345 738
 
362 954
 
374 289
 
399 005
 
370 098
 
 
OUTPUT IN VOLUME, REFERENCE YEAR 2005, S.A.
 
 
 
 
 
 
 
 
 
 
32
Final consumption expenditure
941 017
 
901 678
 
804 962
 
793 529
 
194 333
 
195 341
 
185 885
 
181 204
 
165 571
 
164 620
 
33
Private final consumption expenditure
667 666
 
615 115
 
523 405
 
521 440
 
171 308
 
171 242
 
158 746
 
152 594
 
132 532
 
132 058
 
34
Households 1
645 700
 
591 935
 
500 886
 
499 656
 
165 988
 
164 895
 
153 583
 
146 286
 
127 172
 
125 773
 
35
Non profit institutions serving households 1
21 982
 
22 998
 
22 318
 
21 548
 
5 538
 
5 719
 
5 630
 
5 814
 
5 835
 
5 706
 
36
Government final consumption expenditure
273 379
 
285 884
 
280 938
 
271 295
 
69 398
 
70 696
 
71 359
 
71 656
 
72 173
 
71 679
 
37
Individual
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
38
Collective
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
39
Gross capital formation 1
321 237
 
253 967
 
125 036
 
112 969
 
71 791
 
69 931
 
64 648
 
67 502
 
51 887
 
32 688
 
40
Gross fixed capital formation by asset
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
41
Dwellings
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
42
Other buildings and structures
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
43
Transport equipment
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
44
Other machinery and equipment
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
45
Cultivated assets
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
46
Intangible fixed assets
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
47
Residual item
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
48
Gross fixed capital formation by institutional sector
316 742
 
253 352
 
123 957
 
114 049
 
71 658
 
70 897
 
63 401
 
64 008
 
55 046
 
25 390
 
49
General government
46 282
 
44 758
 
30 269
 
24 433
 
11 829
 
11 809
 
11 462
 
11 184
 
10 304
 
7 432
 
50
Other sectors
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
51
Changes in inventories, acquisitions less disposals of valuables
5 034
 
1 350
 
1 125
 
-4 955
 
-536
 
566
 
-3 818
 
7 287
 
-2 685
 
4 979
 
52
Changes in inventories
5 034
 
1 350
 
1 125
 
-4 955
 
-536
 
566
 
-3 818
 
7 287
 
-2 685
 
4 979
 
53
Acquisitions less disposals of valuables
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
54
External balance of goods and services
-123 452
 
1 063
 
-4 404
 
-3 596
 
-25 640
 
-25 951
 
-2 862
 
-9 528
 
25 903
 
28 291
 
55
Exports of goods and services
365 687
 
391 365
 
417 159
 
418 850
 
108 640
 
89 912
 
108 138
 
96 734
 
96 582
 
105 118
 
56
Exports of goods
234 937
 
261 836
 
268 090
 
262 530
 
74 160
 
55 674
 
75 673
 
64 187
 
66 302
 
70 107
 
57
Exports of services
129 641
 
126 824
 
148 249
 
155 255
 
33 599
 
34 271
 
31 232
 
31 955
 
29 366
 
34 326
 
58
Imports of goods and services
494 707
 
403 804
 
306 876
 
319 075
 
134 281
 
115 863
 
111 000
 
106 262
 
70 679
 
76 828
 
59
Imports of goods
322 634
 
264 045
 
192 103
 
195 585
 
89 802
 
75 800
 
73 417
 
69 138
 
45 691
 
47 864
 
60
Imports of services
172 578
 
140 118
 
116 056
 
124 766
 
44 530
 
40 163
 
37 618
 
37 245
 
25 091
 
29 312
 
61
Residual item
4 523
 
9 513
 
36 147
 
31 219
 
1 755
 
971
 
2 053
 
3 116
 
3 374
 
12 730
 
62
Gross domestic product
1 138 323
 
1 152 775
 
1 075 856
 
1 032 822
 
287 943
 
288 421
 
288 878
 
289 133
 
286 343
 
275 125
 
1Gross domestic product, expenditure approach (cont.)
  Million ISK, quarterly levels
‌‌
‌‌
‌2009‌
‌2010‌
‌2011‌
 Q2 
 Q3 
 Q4 
 Q1 
 Q2 
 Q3 
 Q4 
 Q1 
 Q2 
 Q3 
 
AT CURRENT PRICES, S.A.
 
 
 
 
 
 
 
 
 
 
1
Final consumption expenditure
288 198
 
293 365
 
294 999
 
296 400
 
293 164
 
296 154
 
300 624
 
302 500
 
312 248
 
..
 
2
Private final consumption expenditure
188 240
 
194 427
 
196 077
 
197 133
 
193 399
 
196 666
 
200 526
 
201 696
 
208 777
 
..
 
3
Households 1
179 633
 
185 853
 
190 479
 
189 442
 
185 243
 
188 191
 
194 426
 
193 769
 
200 689
 
..
 
4
Non profit institutions serving households 1
7 750
 
7 704
 
7 653
 
7 611
 
7 538
 
7 607
 
7 666
 
7 702
 
7 797
 
..
 
5
Government final consumption expenditure
99 958
 
98 938
 
98 922
 
99 267
 
99 765
 
99 488
 
100 098
 
100 804
 
103 471
 
..
 
6
Individual
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
7
Collective
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
8
Gross capital formation
51 791
 
48 926
 
57 792
 
57 594
 
42 650
 
47 259
 
49 015
 
69 458
 
53 329
 
..
 
9
Gross fixed capital formation by asset
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
10
Dwellings
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
11
Other buildings and structures
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
12
Transport equipment
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
13
Other machinery and equipment
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
14
Cultivated assets
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
15
Intangible fixed assets
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
16
Residual item
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
17
Gross fixed capital formation by institutional sector
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
18
General government
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
19
Other sectors
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
20
Changes in inventories, acquisitions less disposals of valuables
203
 
-4 060
 
-7 641
 
10 006
 
-8 016
 
-754
 
-4 608
 
21 303
 
331
 
..
 
21
Changes in inventories
203
 
-4 060
 
-7 641
 
10 006
 
-8 016
 
-754
 
-4 608
 
21 303
 
331
 
..
 
22
Acquisitions less disposals of valuables
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
23
External balance of goods and services
29 668
 
32 191
 
30 645
 
43 043
 
43 218
 
33 650
 
34 335
 
41 702
 
27 731
 
..
 
24
Exports of goods and services
183 755
 
214 921
 
208 699
 
214 983
 
218 335
 
212 713
 
215 241
 
222 025
 
224 608
 
..
 
25
Exports of goods
111 528
 
139 370
 
130 638
 
139 553
 
144 627
 
138 111
 
138 742
 
146 190
 
143 429
 
..
 
26
Exports of services
72 227
 
75 552
 
78 061
 
75 430
 
73 708
 
74 602
 
76 499
 
75 835
 
81 179
 
..
 
27
Imports of goods and services
154 087
 
182 730
 
178 055
 
171 940
 
175 117
 
179 063
 
180 906
 
180 323
 
196 877
 
..
 
28
Imports of goods
96 503
 
113 268
 
109 794
 
104 646
 
108 729
 
113 735
 
113 711
 
113 902
 
128 914
 
..
 
29
Imports of services
57 583
 
69 462
 
68 261
 
67 294
 
66 388
 
65 328
 
67 194
 
66 421
 
67 962
 
..
 
30
Residual item
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
..
 
31
Gross domestic product
369 658
 
374 482
 
383 435
 
397 036
 
379 032
 
377 064
 
383 975
 
413 659
 
393 309
 
..
 
 
OUTPUT IN VOLUME, REFERENCE YEAR 2005, S.A.
 
 
 
 
 
 
 
 
 
 
32
Final consumption expenditure
163 232
 
161 570
 
160 492
 
180 351
 
177 416
 
180 024
 
182 458
 
187 976
 
190 415
 
..
 
33
Private final consumption expenditure
130 353
 
130 938
 
130 057
 
130 305
 
127 464
 
130 565
 
133 105
 
131 781
 
134 105
 
..
 
34
Households 1
124 490
 
124 966
 
125 657
 
124 435
 
121 262
 
124 741
 
129 218
 
125 829
 
127 976
 
..
 
35
Non profit institutions serving households 1
5 591
 
5 547
 
5 474
 
5 427
 
5 350
 
5 373
 
5 397
 
5 398
 
5 404
 
..
 
36
Government final consumption expenditure
71 665
 
69 024
 
68 570
 
68 206
 
67 840
 
67 568
 
67 681
 
67 875
 
68 125
 
..
 
37
Individual
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
38
Collective
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
39
Gross capital formation 1
33 672
 
27 355
 
31 320
 
31 703
 
26 424
 
25 923
 
28 919
 
39 442
 
32 370
 
..
 
40
Gross fixed capital formation by asset
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
41
Dwellings
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
42
Other buildings and structures
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
43
Transport equipment
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
44
Other machinery and equipment
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
45
Cultivated assets
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
46
Intangible fixed assets
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
47
Residual item
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
48
Gross fixed capital formation by institutional sector
31 303
 
30 964
 
36 303
 
26 446
 
28 709
 
27 590
 
31 304
 
26 901
 
28 981
 
..
 
49
General government
7 127
 
8 877
 
6 833
 
6 165
 
6 395
 
5 985
 
5 888
 
4 304
 
3 895
 
..
 
50
Other sectors
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
51
Changes in inventories, acquisitions less disposals of valuables
72
 
-1 404
 
-2 521
 
16 111
 
-14 142
 
81
 
-7 005
 
29 880
 
459
 
..
 
52
Changes in inventories
72
 
-1 404
 
-2 521
 
16 111
 
-14 142
 
81
 
-7 005
 
29 880
 
459
 
..
 
53
Acquisitions less disposals of valuables
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
54
External balance of goods and services
28 114
 
29 697
 
24 182
 
21 302
 
27 388
 
25 581
 
25 504
 
21 140
 
22 570
 
..
 
55
Exports of goods and services
100 329
 
108 561
 
103 151
 
98 593
 
104 203
 
106 139
 
109 915
 
101 096
 
102 494
 
..
 
56
Exports of goods
62 448
 
70 298
 
65 238
 
61 593
 
65 782
 
67 236
 
67 920
 
62 675
 
61 494
 
..
 
57
Exports of services
38 065
 
37 950
 
37 909
 
36 741
 
38 174
 
38 659
 
41 681
 
38 236
 
41 028
 
..
 
58
Imports of goods and services
72 215
 
78 863
 
78 970
 
77 291
 
76 815
 
80 558
 
84 411
 
79 956
 
79 924
 
..
 
59
Imports of goods
44 953
 
49 365
 
49 921
 
47 577
 
45 504
 
50 094
 
52 409
 
49 029
 
48 649
 
..
 
60
Imports of services
27 594
 
29 828
 
29 321
 
30 025
 
31 596
 
30 795
 
32 349
 
31 246
 
31 613
 
..
 
61
Residual item
9 230
 
8 128
 
6 061
 
-3 563
 
16 662
 
6 921
 
11 199
 
-10 818
 
4 953
 
..
 
62
Gross domestic product
270 736
 
267 347
 
262 652
 
258 807
 
253 920
 
258 306
 
261 789
 
266 759
 
259 192
 
..
 
Note:  Detailed metadata:http://stats.oecd.org/OECDStat_Metadata/ShowMetadata.ashx?Dataset=QNA&Coords=[LOCATION].[ISL]
1
Series seasonally adjusted by the OECD, method X12 ARIMA.
e
Estimated value

 
 
Visit the OECD web site