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Iceland

Iceland National accounts Stats

Definitions

  • Growth rates > General government final > Consumption expenditure > Annual % growth: Annual percentage growth of general government final consumption expenditure based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. General government final consumption expenditure (general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation."
  • Growth rates > Gross capital formation > Annual % growth: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" According to the 1993 SNA, net acquisitions of valuables are also considered capital formation."
  • Growth rates > Gross fixed capital formation > Annual % growth: Average annual growth of gross fixed capital formation based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation."
  • Growth rates > Household final > Consumption expenditure per capita growth > Annual %: Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2000 prices and World Bank population estimates. Household final consumption expenditure (private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country."
  • Local currency at constant prices > Aggregate indicators > GDP per capita > Constant LCU: GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • Local currency at constant prices > Other items > Exports as a capacity to import > Consta: Exports as a capacity to import equals the current price value of exports of goods and services deflated by the import price index. Data are in constant local currency.
  • Local currency at constant prices > Other items > Terms of trade adjustment > Constant LCU: The terms of trade effect equals capacity to import less exports of goods and services in constant prices. Data are in constant local currency.
  • Local currency at current prices > Aggregate indicators > Gross domestic savings > Current: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). Data are in current local currency.
  • Local currency at current prices > Aggregate indicators > Gross savings > Current LCU: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current local currency."
  • Local currency at current prices > Aggregate indicators > Net current transfers from abroa: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current local currency.
  • US$ at constant 2000 prices > Aggregate indicators > GDP > Constant 2000 US$: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2000 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2000 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used."
  • US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant U.S. dollars.
  • US$ at constant 2000 prices > Expenditure on GDP > Final > Consumption expenditure > Constan: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). Data are in constant 2000 U.S. dollars.
  • US$ at constant 2000 prices > Value added > Manufacturing > Value added > Constant 2000 US$: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are expressed constant 2000 U.S. dollars."
  • US$ at current prices > Expenditure on GDP > Imports > Goods and services > Current US$: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars."
STAT AMOUNT DATE RANK HISTORY
Growth rates > General government final > Consumption expenditure > Annual % growth -1.73% 2009 85th out of 99
Growth rates > Gross capital formation > Annual % growth -50.92% 2009 101st out of 102
Growth rates > Gross fixed capital formation > Annual % growth -50.91% 2009 97th out of 97
Growth rates > Household final > Consumption expenditure per capita growth > Annual % -15.95% 2009 90th out of 94
Local currency at constant prices > Aggregate indicators > GDP per capita > Constant LCU 2.77 million 2009 10th out of 162
Local currency at constant prices > Other items > Exports as a capacity to import > Consta 330.89 billion 2009 42nd out of 105
Local currency at constant prices > Other items > Terms of trade adjustment > Constant LCU -60,736,961,401.27 2009 91st out of 105
Local currency at current prices > Aggregate indicators > Gross domestic savings > Current 338.42 billion 2009 44th out of 130
Local currency at current prices > Aggregate indicators > Gross savings > Current LCU 168.29 billion 2009 52nd out of 109
Local currency at current prices > Aggregate indicators > Net current transfers from abroa -8,873,000,000 2009 108th out of 124
US$ at constant 2000 prices > Aggregate indicators > GDP > Constant 2000 US$ $11.23 billion 2009 88th out of 161
US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$ $35,183.82 2009 7th out of 161
US$ at constant 2000 prices > Expenditure on GDP > Final > Consumption expenditure > Constan $8.19 billion 2009 61st out of 81
US$ at constant 2000 prices > Value added > Manufacturing > Value added > Constant 2000 US$ $1.29 billion 2008 71st out of 125
US$ at current prices > Expenditure on GDP > Imports > Goods and services > Current US$ $5.36 billion 2009 93th out of 139

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

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