Net primary income (Net income from abroad) in Iceland
Iceland: Net primary income (Net income from abroad) was -31.87 billion constant LCU in 2024. ◆ Volatile
Net primary income (Net income from abroad) in Iceland, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, net primary income (net income from abroad) in Iceland stood at -31.87 billion constant LCU.
That represents a change of up 11.7% on the previous year and down 28.9% over ten years.
Over the whole period, net primary income (net income from abroad) in Iceland peaked at 91.00 billion constant LCU in 2020 and was at its lowest, -524.68 billion constant LCU, in 2008.
Iceland ranks 24th of 28 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net primary income (Net income from abroad) in Iceland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2000 | -62.49 billion constant LCU | — |
| 2001 | -65.08 billion constant LCU | +4.1% |
| 2002 | -8.66 billion constant LCU | -86.7% |
| 2003 | -35.51 billion constant LCU | +309.9% |
| 2004 | -98.17 billion constant LCU | +176.5% |
| 2005 | -107.17 billion constant LCU | +9.2% |
| 2006 | -171.75 billion constant LCU | +60.3% |
| 2007 | -158.58 billion constant LCU | -7.7% |
| 2008 | -524.68 billion constant LCU | +230.9% |
| 2009 | -402.01 billion constant LCU | -23.4% |
| 2010 | -370.60 billion constant LCU | -7.8% |
| 2011 | -288.00 billion constant LCU | -22.3% |
| 2012 | -204.94 billion constant LCU | -28.8% |
| 2013 | -11.73 billion constant LCU | -94.3% |
| 2014 | -24.72 billion constant LCU | +110.6% |
| 2015 | -876.10 million constant LCU | -96.5% |
| 2016 | 57.07 billion constant LCU | -6614.4% |
| 2017 | 8.51 billion constant LCU | -85.1% |
| 2018 | 30.77 billion constant LCU | +261.5% |
| 2019 | 79.93 billion constant LCU | +159.8% |
| 2020 | 91.00 billion constant LCU | +13.8% |
| 2021 | -3.25 billion constant LCU | -103.6% |
| 2022 | -41.26 billion constant LCU | +1167.7% |
| 2023 | -36.10 billion constant LCU | -12.5% |
| 2024 | -31.87 billion constant LCU | -11.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -163.41 billion constant LCU | -524.68 billion constant LCU | -8.66 billion constant LCU | 10 |
| 2010s | -72.46 billion constant LCU | -370.60 billion constant LCU | 79.93 billion constant LCU | 10 |
| 2020s | -4.30 billion constant LCU | -41.26 billion constant LCU | 91.00 billion constant LCU | 5 |
Countries ranked near Iceland
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)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1135 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 11,161 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 17.85 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1.75 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is net primary income (net income from abroad) in Iceland?
- Net primary income (net income from abroad) in Iceland was -31.87 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net primary income (net income from abroad) recorded in Iceland?
- The highest recorded value was 91.00 billion constant LCU in 2020.
- What is the lowest net primary income (net income from abroad) recorded in Iceland?
- The lowest recorded value was -524.68 billion constant LCU in 2008.
- How does Iceland rank for net primary income (net income from abroad)?
- Iceland ranks 24th out of 28 countries with data for 2024.
- Is net primary income (net income from abroad) rising or falling in Iceland?
- Over the last ten years it is down 28.9%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net primary income (Net income from abroad) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.