Net primary income (Net income from abroad) in Iceland
Iceland: Net primary income (Net income from abroad) was -40.83 billion current 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 current LCU.
Analysis
The most recent figure for net primary income (net income from abroad) in Iceland is -40.83 billion current LCU, measured in 2024.
That represents a change of up 7.1% on the previous year and down 103.8% over ten years.
Over the whole period, net primary income (net income from abroad) in Iceland peaked at 91.00 billion current LCU in 2020 and was at its lowest, -306.24 billion current LCU, in 2008.
That places Iceland 130th out of 207 countries with data for 2024, putting it in the middle of the range.
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 | current LCU | Change |
|---|---|---|
| 2000 | -22.35 billion current LCU | — |
| 2001 | -25.31 billion current LCU | +13.2% |
| 2002 | -3.56 billion current LCU | -85.9% |
| 2003 | -14.88 billion current LCU | +317.6% |
| 2004 | -42.44 billion current LCU | +185.3% |
| 2005 | -47.17 billion current LCU | +11.1% |
| 2006 | -82.51 billion current LCU | +74.9% |
| 2007 | -80.32 billion current LCU | -2.7% |
| 2008 | -306.24 billion current LCU | +281.3% |
| 2009 | -268.28 billion current LCU | -12.4% |
| 2010 | -257.25 billion current LCU | -4.1% |
| 2011 | -208.16 billion current LCU | -19.1% |
| 2012 | -155.75 billion current LCU | -25.2% |
| 2013 | -9.24 billion current LCU | -94.1% |
| 2014 | -20.04 billion current LCU | +116.7% |
| 2015 | -735.00 million current LCU | -96.3% |
| 2016 | 49.14 billion current LCU | -6786.0% |
| 2017 | 7.40 billion current LCU | -84.9% |
| 2018 | 28.00 billion current LCU | +278.6% |
| 2019 | 76.34 billion current LCU | +172.7% |
| 2020 | 91.00 billion current LCU | +19.2% |
| 2021 | -3.40 billion current LCU | -103.7% |
| 2022 | -46.54 billion current LCU | +1266.8% |
| 2023 | -43.96 billion current LCU | -5.5% |
| 2024 | -40.83 billion current LCU | -7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -89.31 billion current LCU | -306.24 billion current LCU | -3.56 billion current LCU | 10 |
| 2010s | -49.03 billion current LCU | -257.25 billion current LCU | 76.34 billion current LCU | 10 |
| 2020s | -8.75 billion current LCU | -46.54 billion current LCU | 91.00 billion current 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)
- Services, value added (constant LCU), per capita 6.16 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (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 -40.83 billion current 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 current LCU in 2020.
- What is the lowest net primary income (net income from abroad) recorded in Iceland?
- The lowest recorded value was -306.24 billion current LCU in 2008.
- How does Iceland rank for net primary income (net income from abroad)?
- Iceland ranks 130th out of 207 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 103.8%. 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) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.