Net secondary income (Net current transfers from abroad) in Iceland
Iceland: Net secondary income (Net current transfers from abroad) was -383.05 million current US$ 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 US$.
Analysis
In 2024, net secondary income (net current transfers from abroad) in Iceland stood at -383.05 million current US$. That is the lowest value across all 25 years on record.
Compared with earlier readings it is down 20.7% on the previous year and down 308.8% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Iceland peaked at 150.78 million current US$ in 2007 and was at its lowest, -383.05 million current US$, in 2024.
Iceland ranks 158th of 202 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2000 | -6.58 million current US$ | — |
| 2001 | -11.68 million current US$ | +77.6% |
| 2002 | 11.34 million current US$ | -197.0% |
| 2003 | -15.19 million current US$ | -234.0% |
| 2004 | 3.50 million current US$ | -123.1% |
| 2005 | 51.79 million current US$ | +1377.8% |
| 2006 | 78.64 million current US$ | +51.8% |
| 2007 | 150.78 million current US$ | +91.7% |
| 2008 | 49.48 million current US$ | -67.2% |
| 2009 | -44.93 million current US$ | -190.8% |
| 2010 | -68.38 million current US$ | +52.2% |
| 2011 | -88.18 million current US$ | +29.0% |
| 2012 | -69.59 million current US$ | -21.1% |
| 2013 | -96.90 million current US$ | +39.3% |
| 2014 | -93.71 million current US$ | -3.3% |
| 2015 | -246.27 million current US$ | +162.8% |
| 2016 | -47.93 million current US$ | -80.5% |
| 2017 | -113.35 million current US$ | +136.5% |
| 2018 | -166.79 million current US$ | +47.1% |
| 2019 | -195.76 million current US$ | +17.4% |
| 2020 | -180.71 million current US$ | -7.7% |
| 2021 | -257.79 million current US$ | +42.7% |
| 2022 | -293.44 million current US$ | +13.8% |
| 2023 | -317.32 million current US$ | +8.1% |
| 2024 | -383.05 million current US$ | +20.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.72 million current US$ | -44.93 million current US$ | 150.78 million current US$ | 10 |
| 2010s | -118.69 million current US$ | -246.27 million current US$ | -47.93 million current US$ | 10 |
| 2020s | -286.46 million current US$ | -383.05 million current US$ | -180.71 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)
- Gross domestic savings (current US$), annual growth rate 13.17 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2431 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 23,906 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.36 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 31.23 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 3.07 million current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 11.95 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9074 current 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 -383.05 million current US$ 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 150.78 million current US$ in 2007.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Iceland?
- The lowest recorded value was -383.05 million current US$ in 2024.
- How does Iceland rank for net secondary income (net current transfers from abroad)?
- Iceland ranks 158th 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 308.8%. 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 US$). 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 indicator is expressed in United States dollars.