(MENAFN) According to data released by Statistics Iceland, the country's Gross Domestic Product (GDP) showed an increase of 3.5 percent in 2013, Xinhua reported.
Growth in 2013 was mainly driven by a large surplus in the balance of trade, while the domestic final expenditure decreased slightly. In 2012, GDP rose 1.1 percent and 2.7 percent in 2011.
Exports in 2013 grew by 6.9 percent, while imports increased by 0.4 percent which resulted in a USD1.3 billion surplus in the balance of trade in goods and services.
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