Net secondary income (Net current transfers from abroad) in United Kingdom
United Kingdom: Net secondary income (Net current transfers from abroad) was -22.63 billion current US$ in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in United Kingdom, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, net secondary income (net current transfers from abroad) in United Kingdom stood at -22.63 billion current US$.
Compared with earlier readings it is up 12.1% on the previous year and up 43.6% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in United Kingdom peaked at 1.24 billion current US$ in 1991 and was at its lowest, -40.95 billion current US$, in 2013.
United Kingdom ranks 195th of 202 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in United Kingdom, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | -1.36 billion current US$ | — |
| 1971 | -1.56 billion current US$ | +15.0% |
| 1972 | -1.99 billion current US$ | +27.5% |
| 1973 | -2.44 billion current US$ | +22.3% |
| 1974 | -2.60 billion current US$ | +6.4% |
| 1975 | -3.14 billion current US$ | +21.2% |
| 1976 | -2.86 billion current US$ | -9.1% |
| 1977 | -3.09 billion current US$ | +8.0% |
| 1978 | -4.71 billion current US$ | +52.6% |
| 1979 | -4.23 billion current US$ | -10.1% |
| 1980 | -4.75 billion current US$ | +12.1% |
| 1981 | -2.31 billion current US$ | -51.4% |
| 1982 | -1.39 billion current US$ | -39.9% |
| 1983 | -1.05 billion current US$ | -24.0% |
| 1984 | -113.61 million current US$ | -89.2% |
| 1985 | -1.56 billion current US$ | +1275.7% |
| 1986 | 873.64 million current US$ | -155.9% |
| 1987 | -1.48 billion current US$ | -269.8% |
| 1988 | -2.46 billion current US$ | +65.8% |
| 1989 | -2.21 billion current US$ | -10.2% |
| 1990 | -2.02 billion current US$ | -8.3% |
| 1991 | 1.24 billion current US$ | -161.1% |
| 1992 | -6.78 billion current US$ | -648.3% |
| 1993 | -4.74 billion current US$ | -30.2% |
| 1994 | -7.65 billion current US$ | +61.5% |
| 1995 | -8.83 billion current US$ | +15.4% |
| 1996 | -7.47 billion current US$ | -15.4% |
| 1997 | -10.57 billion current US$ | +41.6% |
| 1998 | -14.65 billion current US$ | +38.6% |
| 1999 | -12.98 billion current US$ | -11.4% |
| 2000 | -15.32 billion current US$ | +18.1% |
| 2001 | -9.95 billion current US$ | -35.1% |
| 2002 | -14.03 billion current US$ | +41.1% |
| 2003 | -17.57 billion current US$ | +25.2% |
| 2004 | -20.15 billion current US$ | +14.7% |
| 2005 | -23.23 billion current US$ | +15.3% |
| 2006 | -23.11 billion current US$ | -0.5% |
| 2007 | -27.50 billion current US$ | +19.0% |
| 2008 | -25.51 billion current US$ | -7.2% |
| 2009 | -24.19 billion current US$ | -5.2% |
| 2010 | -31.39 billion current US$ | +29.8% |
| 2011 | -33.96 billion current US$ | +8.2% |
| 2012 | -33.65 billion current US$ | -0.9% |
| 2013 | -40.95 billion current US$ | +21.7% |
| 2014 | -40.15 billion current US$ | -2.0% |
| 2015 | -37.33 billion current US$ | -7.0% |
| 2016 | -32.93 billion current US$ | -11.8% |
| 2017 | -29.39 billion current US$ | -10.8% |
| 2018 | -34.61 billion current US$ | +17.8% |
| 2019 | -34.44 billion current US$ | -0.5% |
| 2020 | -36.99 billion current US$ | +7.4% |
| 2021 | -26.26 billion current US$ | -29.0% |
| 2022 | -29.06 billion current US$ | +10.7% |
| 2023 | -25.76 billion current US$ | -11.4% |
| 2024 | -22.63 billion current US$ | -12.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -2.80 billion current US$ | -4.71 billion current US$ | -1.36 billion current US$ | 10 |
| 1980s | -1.64 billion current US$ | -4.75 billion current US$ | 873.64 million current US$ | 10 |
| 1990s | -7.45 billion current US$ | -14.65 billion current US$ | 1.24 billion current US$ | 10 |
| 2000s | -20.06 billion current US$ | -27.50 billion current US$ | -9.95 billion current US$ | 10 |
| 2010s | -34.88 billion current US$ | -40.95 billion current US$ | -29.39 billion current US$ | 10 |
| 2020s | -28.14 billion current US$ | -36.99 billion current US$ | -22.63 billion current US$ | 5 |
Countries ranked near United Kingdom
More economy & growth data for United Kingdom
- 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 8.3 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9023 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 51,972 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.13 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.6852 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 39,472 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.41 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7556 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in United Kingdom?
- Net secondary income (net current transfers from abroad) in United Kingdom was -22.63 billion 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 United Kingdom?
- The highest recorded value was 1.24 billion current US$ in 1991.
- What is the lowest net secondary income (net current transfers from abroad) recorded in United Kingdom?
- The lowest recorded value was -40.95 billion current US$ in 2013.
- How does United Kingdom rank for net secondary income (net current transfers from abroad)?
- United Kingdom ranks 195th out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in United Kingdom?
- Over the last ten years it is up 43.6%. The long-run trend across the full record is volatile.
- Where does this United Kingdom 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.