Personal remittances, received (current US$) (Personal IMF balance) in Iceland
Iceland: Personal remittances, received (current US$) (Personal IMF balance) was 264.63 million current US$ in 2025. ◆ Volatile
Personal remittances, received in Iceland, 1976–2025
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
Iceland recorded 264.63 million current US$ for personal remittances, received in 2025. That is the highest value across all 50 years on record.
The figure is up 8.6% on the previous year and up 21.3% over ten years.
Over the whole period, personal remittances, received in Iceland peaked at 264.63 million current US$ in 2025 and was at its lowest, 1.20 million current US$, in 1982.
Iceland ranks 142nd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received (current US$) (Personal IMF balance) in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 1.40 million current US$ | — |
| 1977 | 1.70 million current US$ | +21.4% |
| 1978 | 1.80 million current US$ | +5.9% |
| 1979 | 1.70 million current US$ | -5.6% |
| 1980 | 1.50 million current US$ | -11.8% |
| 1981 | 3.10 million current US$ | +106.7% |
| 1982 | 1.20 million current US$ | -61.3% |
| 1983 | 2.30 million current US$ | +91.7% |
| 1984 | 6.80 million current US$ | +195.7% |
| 1985 | 5.10 million current US$ | -25.0% |
| 1986 | 7.60 million current US$ | +49.0% |
| 1987 | 14.70 million current US$ | +93.4% |
| 1988 | 22.40 million current US$ | +52.4% |
| 1989 | 30.20 million current US$ | +34.8% |
| 1990 | 62.26 million current US$ | +106.2% |
| 1991 | 65.32 million current US$ | +4.9% |
| 1992 | 63.82 million current US$ | -2.3% |
| 1993 | 57.87 million current US$ | -9.3% |
| 1994 | 47.51 million current US$ | -17.9% |
| 1995 | 36.24 million current US$ | -23.7% |
| 1996 | 33.30 million current US$ | -8.1% |
| 1997 | 40.94 million current US$ | +23.0% |
| 1998 | 28.93 million current US$ | -29.3% |
| 1999 | 31.12 million current US$ | +7.6% |
| 2000 | 35.75 million current US$ | +14.9% |
| 2001 | 39.35 million current US$ | +10.0% |
| 2002 | 64.77 million current US$ | +64.6% |
| 2003 | 48.98 million current US$ | -24.4% |
| 2004 | 60.96 million current US$ | +24.5% |
| 2005 | 67.00 million current US$ | +9.9% |
| 2006 | 81.47 million current US$ | +21.6% |
| 2007 | 111.47 million current US$ | +36.8% |
| 2008 | 121.29 million current US$ | +8.8% |
| 2009 | 94.84 million current US$ | -21.8% |
| 2010 | 136.62 million current US$ | +44.1% |
| 2011 | 152.12 million current US$ | +11.3% |
| 2012 | 155.73 million current US$ | +2.4% |
| 2013 | 208.61 million current US$ | +34.0% |
| 2014 | 218.97 million current US$ | +5.0% |
| 2015 | 218.24 million current US$ | -0.3% |
| 2016 | 213.16 million current US$ | -2.3% |
| 2017 | 192.47 million current US$ | -9.7% |
| 2018 | 178.68 million current US$ | -7.2% |
| 2019 | 187.89 million current US$ | +5.2% |
| 2020 | 167.37 million current US$ | -10.9% |
| 2021 | 193.32 million current US$ | +15.5% |
| 2022 | 194.90 million current US$ | +0.8% |
| 2023 | 221.21 million current US$ | +13.5% |
| 2024 | 243.71 million current US$ | +10.2% |
| 2025 | 264.63 million current US$ | +8.6% |
Iceland compared with similar countries
- Iceland's 264.63 million current US$ is below the median for high income countries, which is 844.01 million current US$, 31% of the median. (69 countries reporting)
- Iceland's 264.63 million current US$ is below the median for Europe & Central Asia, which is 2.70 billion current US$, 10% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received (current US$) (Personal IMF balance) in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | +195.7% | 2.30 million current US$ | 6.80 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.65 million current US$ | 1.40 million current US$ | 1.80 million current US$ | 4 |
| 1980s | 9.49 million current US$ | 1.20 million current US$ | 30.20 million current US$ | 10 |
| 1990s | 46.73 million current US$ | 28.93 million current US$ | 65.32 million current US$ | 10 |
| 2000s | 72.59 million current US$ | 35.75 million current US$ | 121.29 million current US$ | 10 |
| 2010s | 186.25 million current US$ | 136.62 million current US$ | 218.97 million current US$ | 10 |
| 2020s | 214.19 million current US$ | 167.37 million current US$ | 264.63 million current US$ | 6 |
Countries ranked near Iceland
- 139 Burundi 273.06 million current US$ compare
- 140 Tonga 267.08 million current US$ compare
- 141 Mozambique 265.36 million current US$ compare
- 143 Kazakhstan 236.76 million current US$ compare
- 144 Guinea-Bissau 217.18 million current US$ compare
- 145 Trinidad and Tobago 199.56 million current US$ compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Iceland?
- Personal remittances, received in Iceland was 264.63 million current US$ in 2025, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Iceland?
- The highest recorded value was 264.63 million current US$ in 2025.
- What is the lowest personal remittances, received recorded in Iceland?
- The lowest recorded value was 1.20 million current US$ in 1982.
- How does Iceland rank for personal remittances, received?
- Iceland ranks 142nd out of 197 countries with data for 2025.
- Is personal remittances, received rising or falling in Iceland?
- Over the last ten years it is up 21.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.