Economic Outlook No 115 — Balance of primary income as a percent of in Iceland
Iceland: Economic Outlook No 115 — Balance of primary income as a percent of was 3 in 2025. ◆ Volatile
Economic Outlook No 115 — Balance of primary income as a percent of in Iceland, 1974–2025
Source: Organisation for Economic Co-operation and Development.
Analysis
The most recent figure for economic outlook no 115 — balance of primary income as a percent of in Iceland is 3, measured in 2025.
Compared with earlier readings it is down 5.8% on the previous year and up 1,827.7% over ten years.
Over the whole period, economic outlook no 115 — balance of primary income as a percent of in Iceland peaked at 3.29 in 2020 and was at its lowest, -18.35, in 2008.
Iceland ranks 5th of 36 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 115 — Balance of primary income as a percent of in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | -1.37 | — |
| 1975 | -2.26 | +65.1% |
| 1976 | -3.36 | +48.7% |
| 1977 | -2.81 | -16.4% |
| 1978 | -3.11 | +10.7% |
| 1979 | -3.18 | +2.1% |
| 1980 | -3.66 | +15.0% |
| 1981 | -4.24 | +16.0% |
| 1982 | -4.71 | +10.9% |
| 1983 | -5.33 | +13.3% |
| 1984 | -5.9 | +10.7% |
| 1985 | -5.23 | -11.4% |
| 1986 | -4.36 | -16.6% |
| 1987 | -3.32 | -23.9% |
| 1988 | -3.53 | +6.4% |
| 1989 | -4.5 | +27.4% |
| 1990 | -3.76 | -16.3% |
| 1991 | -3.03 | -19.4% |
| 1992 | -2.7 | -11.1% |
| 1993 | -2.87 | +6.3% |
| 1994 | -3.47 | +20.9% |
| 1995 | -3.19 | -8.2% |
| 1996 | -2.82 | -11.3% |
| 1997 | -2.75 | -2.6% |
| 1998 | -2.65 | -3.6% |
| 1999 | -2.39 | -10.0% |
| 2000 | -3.19 | +33.6% |
| 2001 | -3.25 | +1.9% |
| 2002 | -0.4676 | -85.6% |
| 2003 | -1.73 | +270.6% |
| 2004 | -4.45 | +156.5% |
| 2005 | -4.21 | -5.3% |
| 2006 | -6.06 | +44.0% |
| 2007 | -4.46 | -26.5% |
| 2008 | -18.35 | +311.6% |
| 2009 | -16.29 | -11.2% |
| 2010 | -15.27 | -6.3% |
| 2011 | -11.75 | -23.1% |
| 2012 | -8.73 | -25.7% |
| 2013 | -0.7504 | -91.4% |
| 2014 | -1.25 | +66.9% |
| 2015 | -0.1734 | -86.1% |
| 2016 | 1.96 | -1228.5% |
| 2017 | 0.5475 | -72.0% |
| 2018 | 1.7 | +211.0% |
| 2019 | 2.81 | +65.2% |
| 2020 | 3.29 | +16.9% |
| 2021 | 0.1489 | -95.5% |
| 2022 | -0.3506 | -335.5% |
| 2023 | 2.21 | -731.2% |
| 2024 | 3.18 | +43.8% |
| 2025 | 3 | -5.8% |
Iceland compared with similar countries
- Iceland's 3 is above the median for high income countries, which is -0.4865. (29 countries reporting)
- Iceland's 3 is above the median for Europe & Central Asia, which is -0.4482. (21 countries reporting)
Biggest year-on-year movements
Years where Economic Outlook No 115 — Balance of primary income as a percent of in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | +1228.5% | -0.1734 | 1.96 |
| 2023 | +731.2% | -0.3506 | 2.21 |
| 2022 | -335.5% | 0.1489 | -0.3506 |
| 2008 | -311.6% | -4.46 | -18.35 |
| 2003 | -270.6% | -0.4676 | -1.73 |
| 2018 | +211.0% | 0.5475 | 1.7 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -2.68 | -3.36 | -1.37 | 6 |
| 1980s | -4.48 | -5.9 | -3.32 | 10 |
| 1990s | -2.96 | -3.76 | -2.39 | 10 |
| 2000s | -6.25 | -18.35 | -0.4676 | 10 |
| 2010s | -3.09 | -15.27 | 2.81 | 10 |
| 2020s | 1.91 | -0.3506 | 3.29 | 6 |
Countries ranked near Iceland
- 2 Croatia -0.2504 compare
- 2 Lithuania -0.211 compare
- 2 Norway 4.79 compare
- 3 Sweden 3.63 compare
- 3 Türkiye -0.5776 compare
- 4 Germany 3.56 compare
- 4 Slovenia -1.19 compare
- 6 Belgium 2.23 compare
- 6 Latvia -2.38 compare
- 7 Denmark 1.61 compare
- 7 Poland -3.58 compare
- 8 Estonia -4.4 compare
- 8 France 1.51 compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is economic outlook no 115 — balance of primary income as a percent of in Iceland?
- Economic outlook no 115 — balance of primary income as a percent of in Iceland was 3 in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 115 — balance of primary income as a percent of recorded in Iceland?
- The highest recorded value was 3.29 in 2020.
- What is the lowest economic outlook no 115 — balance of primary income as a percent of recorded in Iceland?
- The lowest recorded value was -18.35 in 2008.
- How does Iceland rank for economic outlook no 115 — balance of primary income as a percent of?
- Iceland ranks 5th out of 36 countries with data for 2025.
- Is economic outlook no 115 — balance of primary income as a percent of rising or falling in Iceland?
- Over the last ten years it is up 1,827.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 115 — Balance of primary income as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP