Net primary income (Net income from abroad) (current US$) (US current) in Iceland
Iceland: Net primary income (Net income from abroad) (current US$) (US current) was -295.94 million current US$ 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 US$.
Analysis
Iceland recorded -295.94 million current US$ for net primary income (net income from abroad) in 2024.
That represents a change of up 7.1% on the previous year and down 72.5% over ten years.
Over the whole period, net primary income (net income from abroad) in Iceland peaked at 671.98 million current US$ in 2020 and was at its lowest, -3.48 billion current US$, in 2008.
That places Iceland 85th out of 209 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net primary income (Net income from abroad) (current US$) (US current) in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2000 | -284.29 million current US$ | — |
| 2001 | -259.80 million current US$ | -8.6% |
| 2002 | -38.87 million current US$ | -85.0% |
| 2003 | -193.95 million current US$ | +399.0% |
| 2004 | -604.67 million current US$ | +211.8% |
| 2005 | -748.98 million current US$ | +23.9% |
| 2006 | -1.18 billion current US$ | +57.0% |
| 2007 | -1.25 billion current US$ | +6.6% |
| 2008 | -3.48 billion current US$ | +177.7% |
| 2009 | -2.17 billion current US$ | -37.7% |
| 2010 | -2.10 billion current US$ | -3.0% |
| 2011 | -1.80 billion current US$ | -14.7% |
| 2012 | -1.25 billion current US$ | -30.6% |
| 2013 | -75.66 million current US$ | -93.9% |
| 2014 | -171.58 million current US$ | +126.8% |
| 2015 | -5.57 million current US$ | -96.8% |
| 2016 | 406.77 million current US$ | -7400.7% |
| 2017 | 69.23 million current US$ | -83.0% |
| 2018 | 258.53 million current US$ | +273.5% |
| 2019 | 622.66 million current US$ | +140.8% |
| 2020 | 671.98 million current US$ | +7.9% |
| 2021 | -26.81 million current US$ | -104.0% |
| 2022 | -344.01 million current US$ | +1183.0% |
| 2023 | -318.70 million current US$ | -7.4% |
| 2024 | -295.94 million current US$ | -7.1% |
Iceland compared with similar countries
- Iceland's -295.94 million current US$ is above the median for high income countries, which is -774.68 million current US$, 38% of the median. (77 countries reporting)
- Iceland's -295.94 million current US$ is above the median for Europe & Central Asia, which is -905.76 million current US$, 33% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where Net primary income (Net income from abroad) (current US$) (US current) 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 | +7400.7% | -5.57 million current US$ | 406.77 million current US$ |
| 2022 | -1183.0% | -26.81 million current US$ | -344.01 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.02 billion current US$ | -3.48 billion current US$ | -38.87 million current US$ | 10 |
| 2010s | -404.05 million current US$ | -2.10 billion current US$ | 622.66 million current US$ | 10 |
| 2020s | -62.70 million current US$ | -344.01 million current US$ | 671.98 million current US$ | 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units 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 -295.94 million current US$ 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 671.98 million current US$ in 2020.
- What is the lowest net primary income (net income from abroad) recorded in Iceland?
- The lowest recorded value was -3.48 billion current US$ in 2008.
- How does Iceland rank for net primary income (net income from abroad)?
- Iceland ranks 85th out of 209 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 72.5%. 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 US$). 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 indicator is expressed in United States dollars.