Net secondary income (Net current transfers from abroad) in Iceland
Iceland: Net secondary income (Net current transfers from abroad) was -52.84 billion current LCU in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Iceland, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Iceland recorded -52.84 billion current LCU for net secondary income (net current transfers from abroad) in 2024. That is the lowest value across all 25 years on record.
The figure is down 20.7% on the previous year and down 383.0% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Iceland peaked at 9.66 billion current LCU in 2007 and was at its lowest, -52.84 billion current LCU, in 2024.
Iceland ranks 187th of 202 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 | current LCU | Change |
|---|---|---|
| 2000 | -517.00 million current LCU | — |
| 2001 | -1.14 billion current LCU | +120.1% |
| 2002 | 1.04 billion current LCU | -191.3% |
| 2003 | -1.17 billion current LCU | -212.1% |
| 2004 | 246.00 million current LCU | -121.1% |
| 2005 | 3.26 billion current LCU | +1226.0% |
| 2006 | 5.52 billion current LCU | +69.2% |
| 2007 | 9.66 billion current LCU | +75.0% |
| 2008 | 4.35 billion current LCU | -54.9% |
| 2009 | -5.55 billion current LCU | -227.6% |
| 2010 | -8.36 billion current LCU | +50.5% |
| 2011 | -10.22 billion current LCU | +22.3% |
| 2012 | -8.70 billion current LCU | -14.9% |
| 2013 | -11.84 billion current LCU | +36.0% |
| 2014 | -10.94 billion current LCU | -7.6% |
| 2015 | -32.49 billion current LCU | +196.9% |
| 2016 | -5.79 billion current LCU | -82.2% |
| 2017 | -12.11 billion current LCU | +109.2% |
| 2018 | -18.06 billion current LCU | +49.2% |
| 2019 | -24.00 billion current LCU | +32.9% |
| 2020 | -24.47 billion current LCU | +2.0% |
| 2021 | -32.74 billion current LCU | +33.8% |
| 2022 | -39.70 billion current LCU | +21.3% |
| 2023 | -43.77 billion current LCU | +10.3% |
| 2024 | -52.84 billion current LCU | +20.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.57 billion current LCU | -5.55 billion current LCU | 9.66 billion current LCU | 10 |
| 2010s | -14.25 billion current LCU | -32.49 billion current LCU | -5.79 billion current LCU | 10 |
| 2020s | -38.70 billion current LCU | -52.84 billion current LCU | -24.47 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)
- GDP (current US$), annual growth rate 16.26 % change on previous year (2025)
- GDP (current US$), per capita 98,323 current US$ per person (2025)
- GDP (current LCU), annual growth rate 8.24 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 128.44 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 12.63 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5991 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 58,910 constant 2015 US$ per person (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 -52.84 billion current LCU in 2024, 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 9.66 billion current LCU in 2007.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Iceland?
- The lowest recorded value was -52.84 billion current LCU in 2024.
- How does Iceland rank for net secondary income (net current transfers from abroad)?
- Iceland ranks 187th out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Iceland?
- Over the last ten years it is down 383.0%. 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) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.