Net secondary income in Iceland
Iceland: Net secondary income was -428.50 million BoP, current US$ in 2025. ◆ Volatile
Net secondary income in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net secondary income in Iceland is -428.50 million BoP, current US$, measured in 2025. That is the lowest value across all 49 years on record.
The figure is down 19.1% on the previous year and down 66.6% over ten years.
Over the whole period, net secondary income in Iceland peaked at 186.14 million BoP, current US$ in 2007 and was at its lowest, -428.50 million BoP, current US$, in 2025.
Iceland ranks 159th of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income in Iceland, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | -800,000 BoP, current US$ | — |
| 1977 | -100,000 BoP, current US$ | -87.5% |
| 1979 | -500,000 BoP, current US$ | +400.0% |
| 1980 | -1.40 million BoP, current US$ | +180.0% |
| 1981 | -2.90 million BoP, current US$ | +107.1% |
| 1982 | -2.70 million BoP, current US$ | -6.9% |
| 1983 | -1.30 million BoP, current US$ | -51.9% |
| 1984 | -500,000 BoP, current US$ | -61.5% |
| 1985 | 400,000 BoP, current US$ | -180.0% |
| 1986 | 2.90 million BoP, current US$ | +625.0% |
| 1987 | 1.90 million BoP, current US$ | -34.5% |
| 1988 | -10.90 million BoP, current US$ | -673.7% |
| 1989 | -21.10 million BoP, current US$ | +93.6% |
| 1990 | -3.80 million BoP, current US$ | -82.0% |
| 1991 | -8.70 million BoP, current US$ | +128.9% |
| 1992 | -4.59 million BoP, current US$ | -47.3% |
| 1993 | -2.67 million BoP, current US$ | -41.8% |
| 1994 | -8.68 million BoP, current US$ | +225.1% |
| 1995 | -809,324 BoP, current US$ | -90.7% |
| 1996 | -5.29 million BoP, current US$ | +553.8% |
| 1997 | -1.05 million BoP, current US$ | -80.2% |
| 1998 | -13.09 million BoP, current US$ | +1151.5% |
| 1999 | -11.76 million BoP, current US$ | -10.2% |
| 2000 | -7.35 million BoP, current US$ | -37.5% |
| 2001 | -12.69 million BoP, current US$ | +72.6% |
| 2002 | 11.41 million BoP, current US$ | -189.9% |
| 2003 | -18.08 million BoP, current US$ | -258.5% |
| 2004 | 1.26 million BoP, current US$ | -106.9% |
| 2005 | 61.81 million BoP, current US$ | +4821.2% |
| 2006 | 95.44 million BoP, current US$ | +54.4% |
| 2007 | 186.14 million BoP, current US$ | +95.0% |
| 2008 | 76.22 million BoP, current US$ | -59.1% |
| 2009 | -47.35 million BoP, current US$ | -162.1% |
| 2010 | -75.60 million BoP, current US$ | +59.6% |
| 2011 | -95.91 million BoP, current US$ | +26.9% |
| 2012 | -77.38 million BoP, current US$ | -19.3% |
| 2013 | -109.32 million BoP, current US$ | +41.3% |
| 2014 | -106.43 million BoP, current US$ | -2.6% |
| 2015 | -257.15 million BoP, current US$ | +141.6% |
| 2016 | -46.92 million BoP, current US$ | -81.8% |
| 2017 | -91.64 million BoP, current US$ | +95.3% |
| 2018 | -143.40 million BoP, current US$ | +56.5% |
| 2019 | -187.94 million BoP, current US$ | +31.1% |
| 2020 | -179.06 million BoP, current US$ | -4.7% |
| 2021 | -255.59 million BoP, current US$ | +42.7% |
| 2022 | -285.03 million BoP, current US$ | +11.5% |
| 2023 | -295.26 million BoP, current US$ | +3.6% |
| 2024 | -359.93 million BoP, current US$ | +21.9% |
| 2025 | -428.50 million BoP, current US$ | +19.1% |
Iceland compared with similar countries
- Iceland's -428.50 million BoP, current US$ is above the median for high income countries, which is -442.19 million BoP, current US$, 97% of the median. (72 countries reporting)
- Iceland's -428.50 million BoP, current US$ is below the median for Europe & Central Asia, which is -5.30 million BoP, current US$, 80.9× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Net secondary income in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +4821.2% | 1.26 million BoP, current US$ | 61.81 million BoP, current US$ |
| 1998 | -1151.5% | -1.05 million BoP, current US$ | -13.09 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -466,667 BoP, current US$ | -800,000 BoP, current US$ | -100,000 BoP, current US$ | 3 |
| 1980s | -3.56 million BoP, current US$ | -21.10 million BoP, current US$ | 2.90 million BoP, current US$ | 10 |
| 1990s | -6.04 million BoP, current US$ | -13.09 million BoP, current US$ | -809,324 BoP, current US$ | 10 |
| 2000s | 34.68 million BoP, current US$ | -47.35 million BoP, current US$ | 186.14 million BoP, current US$ | 10 |
| 2010s | -119.17 million BoP, current US$ | -257.15 million BoP, current US$ | -46.92 million BoP, current US$ | 10 |
| 2020s | -300.56 million BoP, current US$ | -428.50 million BoP, current US$ | -179.06 million BoP, current US$ | 6 |
Countries ranked near Iceland
- 156 Cyprus -386.29 million BoP, current US$ compare
- 157 Angola -399.46 million BoP, current US$ compare
- 158 Poland -410.00 million BoP, current US$ compare
- 160 Cayman Islands -455.88 million BoP, current US$ compare
- 161 New Zealand -532.42 million BoP, current US$ compare
- 162 Maldives -574.97 million BoP, current US$ 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is net secondary income in Iceland?
- Net secondary income in Iceland was -428.50 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Iceland?
- The highest recorded value was 186.14 million BoP, current US$ in 2007.
- What is the lowest net secondary income recorded in Iceland?
- The lowest recorded value was -428.50 million BoP, current US$ in 2025.
- How does Iceland rank for net secondary income?
- Iceland ranks 159th out of 200 countries with data for 2025.
- Is net secondary income rising or falling in Iceland?
- Over the last ten years it is down 66.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.