Iceland vs Panama: Personal remittances, received
Personal remittances, received over time
- Iceland
- Panama
How they compare
Iceland currently reports 0.7% against 0.7% in Panama, a difference of 0.0%.
The two have swapped places 11 times across 49 shared years of data; in 1977 it was Panama ahead.
Iceland ranks 138th and Panama ranks 140th of 196 countries.
Across the 6 decades both report, Iceland averaged higher in 1 and Panama in 5.
Head to head by decade
| Decade | Iceland | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.1% | 3.7% | 3.7% | Panama |
| 1980s | 0.2% | 1.4% | 1.2% | Panama |
| 1990s | 0.6% | 1.1% | 0.4% | Panama |
| 2000s | 0.5% | 1.0% | 0.4% | Panama |
| 2010s | 1.0% | 1.0% | 0.0% | Panama |
| 2020s | 0.7% | 0.7% | 0.0% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher personal remittances, received, Iceland or Panama?
- Iceland, at 0.7% against 0.7% in Panama as of 2025.
- What is the difference in personal remittances, received between Iceland and Panama?
- 0.0%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Panama?
- 49 years are reported by both, from 1977 to 2025.
- How do Iceland and Panama rank globally for personal remittances, received?
- Iceland ranks 138th and Panama ranks 140th of 196 countries.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Personal remittances, received (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.