Net secondary income (Net current transfers from abroad) in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Net secondary income (Net current transfers from abroad) was -17.71 billion current LCU in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in United Kingdom of Great Britain and Northern Ireland, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
United Kingdom of Great Britain and Northern Ireland recorded -17.71 billion current LCU for net secondary income (net current transfers from abroad) in 2024.
Compared with earlier readings it is up 14.5% on the previous year and up 27.4% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in United Kingdom of Great Britain and Northern Ireland peaked at 701.51 million current LCU in 1991 and was at its lowest, -28.85 billion current LCU, in 2020.
United Kingdom of Great Britain and Northern Ireland ranks 176th 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 United Kingdom of Great Britain and Northern Ireland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | -566.55 million current LCU | — |
| 1971 | -642.56 million current LCU | +13.4% |
| 1972 | -798.59 million current LCU | +24.3% |
| 1973 | -995.58 million current LCU | +24.7% |
| 1974 | -1.11 billion current LCU | +11.5% |
| 1975 | -1.42 billion current LCU | +28.0% |
| 1976 | -1.59 billion current LCU | +11.9% |
| 1977 | -1.77 billion current LCU | +11.3% |
| 1978 | -2.46 billion current LCU | +38.8% |
| 1979 | -2.00 billion current LCU | -18.6% |
| 1980 | -2.04 billion current LCU | +2.1% |
| 1981 | -1.15 billion current LCU | -43.8% |
| 1982 | -793.21 million current LCU | -30.9% |
| 1983 | -694.91 million current LCU | -12.4% |
| 1984 | -85.41 million current LCU | -87.7% |
| 1985 | -1.22 billion current LCU | +1325.8% |
| 1986 | 596.00 million current LCU | -148.9% |
| 1987 | -907.59 million current LCU | -252.3% |
| 1988 | -1.38 billion current LCU | +52.3% |
| 1989 | -1.35 billion current LCU | -2.3% |
| 1990 | -1.14 billion current LCU | -15.5% |
| 1991 | 701.51 million current LCU | -161.5% |
| 1992 | -3.87 billion current LCU | -651.0% |
| 1993 | -3.16 billion current LCU | -18.3% |
| 1994 | -5.00 billion current LCU | +58.2% |
| 1995 | -5.60 billion current LCU | +11.9% |
| 1996 | -4.79 billion current LCU | -14.4% |
| 1997 | -6.46 billion current LCU | +34.9% |
| 1998 | -8.85 billion current LCU | +37.0% |
| 1999 | -8.02 billion current LCU | -9.3% |
| 2000 | -10.13 billion current LCU | +26.2% |
| 2001 | -6.91 billion current LCU | -31.8% |
| 2002 | -9.36 billion current LCU | +35.5% |
| 2003 | -10.76 billion current LCU | +14.9% |
| 2004 | -11.01 billion current LCU | +2.3% |
| 2005 | -12.78 billion current LCU | +16.1% |
| 2006 | -12.56 billion current LCU | -1.7% |
| 2007 | -13.74 billion current LCU | +9.4% |
| 2008 | -13.88 billion current LCU | +1.0% |
| 2009 | -15.53 billion current LCU | +11.9% |
| 2010 | -20.32 billion current LCU | +30.9% |
| 2011 | -21.20 billion current LCU | +4.3% |
| 2012 | -21.30 billion current LCU | +0.5% |
| 2013 | -26.20 billion current LCU | +23.0% |
| 2014 | -24.40 billion current LCU | -6.9% |
| 2015 | -24.43 billion current LCU | +0.1% |
| 2016 | -24.39 billion current LCU | -0.2% |
| 2017 | -22.84 billion current LCU | -6.4% |
| 2018 | -25.94 billion current LCU | +13.6% |
| 2019 | -26.98 billion current LCU | +4.0% |
| 2020 | -28.85 billion current LCU | +6.9% |
| 2021 | -19.09 billion current LCU | -33.8% |
| 2022 | -23.58 billion current LCU | +23.5% |
| 2023 | -20.72 billion current LCU | -12.1% |
| 2024 | -17.71 billion current LCU | -14.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.33 billion current LCU | -2.46 billion current LCU | -566.55 million current LCU | 10 |
| 1980s | -902.50 million current LCU | -2.04 billion current LCU | 596.00 million current LCU | 10 |
| 1990s | -4.62 billion current LCU | -8.85 billion current LCU | 701.51 million current LCU | 10 |
| 2000s | -11.66 billion current LCU | -15.53 billion current LCU | -6.91 billion current LCU | 10 |
| 2010s | -23.80 billion current LCU | -26.98 billion current LCU | -20.32 billion current LCU | 10 |
| 2020s | -21.99 billion current LCU | -28.85 billion current LCU | -17.71 billion current LCU | 5 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
More economy & growth data for United Kingdom of Great Britain and Northern Ireland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.14 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 9.19 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.731 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 42,106 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.99 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.5552 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 31,978 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.61 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.6127 constant 2015 US$ per US$ of GDP (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in United Kingdom of Great Britain and Northern Ireland?
- Net secondary income (net current transfers from abroad) in United Kingdom of Great Britain and Northern Ireland was -17.71 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 United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 701.51 million current LCU in 1991.
- What is the lowest net secondary income (net current transfers from abroad) recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was -28.85 billion current LCU in 2020.
- How does United Kingdom of Great Britain and Northern Ireland rank for net secondary income (net current transfers from abroad)?
- United Kingdom of Great Britain and Northern Ireland ranks 176th out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is up 27.4%. The long-run trend across the full record is volatile.
- Where does this United Kingdom of Great Britain and Northern Ireland 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.