Net secondary income (Net current transfers from abroad) in Iceland
Iceland: Net secondary income (Net current transfers from abroad) was -31.13 billion constant LCU in 2013. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Iceland, 1960–2013
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2013, net secondary income (net current transfers from abroad) in Iceland stood at -31.13 billion constant LCU.
The figure is up 73.3% on the previous year and down 123.9% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Iceland peaked at 3.13 million constant LCU in 1964 and was at its lowest, -248.28 billion constant LCU, in 2008.
Iceland ranks 118th of 125 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 (Net current transfers from abroad) in Iceland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | -728.00 million constant LCU | — |
| 1961 | -563.43 million constant LCU | -22.6% |
| 1962 | -382.17 million constant LCU | -32.2% |
| 1963 | -221.39 million constant LCU | -42.1% |
| 1964 | 3.13 million constant LCU | -101.4% |
| 1965 | -442.62 million constant LCU | -14237.9% |
| 1966 | -308.36 million constant LCU | -30.3% |
| 1967 | -655.50 million constant LCU | +112.6% |
| 1968 | -1.48 billion constant LCU | +126.3% |
| 1969 | -2.03 billion constant LCU | +37.2% |
| 1970 | -983.10 million constant LCU | -51.7% |
| 1971 | -561.81 million constant LCU | -42.9% |
| 1972 | -1.73 billion constant LCU | +207.1% |
| 1973 | -1.60 billion constant LCU | -7.4% |
| 1974 | -2.19 billion constant LCU | +36.9% |
| 1975 | -5.94 billion constant LCU | +171.4% |
| 1976 | -6.88 billion constant LCU | +15.8% |
| 1977 | -5.80 billion constant LCU | -15.6% |
| 1978 | -7.79 billion constant LCU | +34.3% |
| 1979 | -8.48 billion constant LCU | +8.9% |
| 1980 | -9.50 billion constant LCU | +12.0% |
| 1981 | -13.38 billion constant LCU | +40.8% |
| 1982 | -16.73 billion constant LCU | +25.0% |
| 1983 | -20.22 billion constant LCU | +20.9% |
| 1984 | -24.11 billion constant LCU | +19.2% |
| 1985 | -21.84 billion constant LCU | -9.4% |
| 1986 | -19.30 billion constant LCU | -11.6% |
| 1987 | -14.46 billion constant LCU | -25.1% |
| 1988 | -15.92 billion constant LCU | +10.1% |
| 1989 | -22.35 billion constant LCU | +40.4% |
| 1990 | -21.57 billion constant LCU | -3.5% |
| 1991 | -16.95 billion constant LCU | -21.5% |
| 1992 | -13.94 billion constant LCU | -17.7% |
| 1993 | -15.25 billion constant LCU | +9.4% |
| 1994 | -20.15 billion constant LCU | +32.2% |
| 1995 | -18.35 billion constant LCU | -8.9% |
| 1996 | -15.78 billion constant LCU | -14.0% |
| 1997 | -16.41 billion constant LCU | +4.0% |
| 1998 | -16.52 billion constant LCU | +0.7% |
| 1999 | -15.62 billion constant LCU | -5.4% |
| 2000 | -23.01 billion constant LCU | +47.3% |
| 2001 | -27.18 billion constant LCU | +18.1% |
| 2002 | -1.41 billion constant LCU | -94.8% |
| 2003 | -13.90 billion constant LCU | +887.7% |
| 2004 | -38.82 billion constant LCU | +179.2% |
| 2005 | -36.95 billion constant LCU | -4.8% |
| 2006 | -62.67 billion constant LCU | +69.6% |
| 2007 | -56.15 billion constant LCU | -10.4% |
| 2008 | -248.28 billion constant LCU | +342.1% |
| 2009 | -209.74 billion constant LCU | -15.5% |
| 2010 | -181.10 billion constant LCU | -13.7% |
| 2011 | -150.38 billion constant LCU | -17.0% |
| 2012 | -116.59 billion constant LCU | -22.5% |
| 2013 | -31.13 billion constant LCU | -73.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -681.62 million constant LCU | -2.03 billion constant LCU | 3.13 million constant LCU | 10 |
| 1970s | -4.19 billion constant LCU | -8.48 billion constant LCU | -561.81 million constant LCU | 10 |
| 1980s | -17.78 billion constant LCU | -24.11 billion constant LCU | -9.50 billion constant LCU | 10 |
| 1990s | -17.06 billion constant LCU | -21.57 billion constant LCU | -13.94 billion constant LCU | 10 |
| 2000s | -71.81 billion constant LCU | -248.28 billion constant LCU | -1.41 billion constant LCU | 10 |
| 2010s | -119.80 billion constant LCU | -181.10 billion constant LCU | -31.13 billion constant LCU | 4 |
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)
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Iceland?
- Net secondary income (net current transfers from abroad) in Iceland was -31.13 billion constant LCU in 2013, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Iceland?
- The highest recorded value was 3.13 million constant LCU in 1964.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Iceland?
- The lowest recorded value was -248.28 billion constant LCU in 2008.
- How does Iceland rank for net secondary income (net current transfers from abroad)?
- Iceland ranks 118th out of 125 countries with data for 2013.
- Is net secondary income (net current transfers from abroad) rising or falling in Iceland?
- Over the last ten years it is down 123.9%. 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 secondary income (Net current transfers from abroad) (constant LCU). Statizoid updates them automatically from the source API.
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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 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.