Personal remittances, received in Iceland
Iceland: Personal remittances, received was 0.7% in 2025. ◆ Volatile
Personal remittances, received in Iceland, 1976–2025
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2025, personal remittances, received in Iceland stood at 0.7%.
The figure is down 1.6% on the previous year and down 40.8% over ten years.
Over the whole period, personal remittances, received in Iceland peaked at 1.3% in 2013 and was at its lowest, 0.0%, in 1982.
Iceland ranks 138th of 196 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 in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 0.1% | — |
| 1977 | 0.1% | -8.2% |
| 1978 | 0.1% | -6.9% |
| 1979 | 0.1% | -16.9% |
| 1980 | 0.0% | -25.5% |
| 1981 | 0.1% | +100.1% |
| 1982 | 0.0% | -57.8% |
| 1983 | 0.1% | +122.2% |
| 1984 | 0.2% | +185.5% |
| 1985 | 0.2% | -28.0% |
| 1986 | 0.2% | +11.5% |
| 1987 | 0.3% | +39.8% |
| 1988 | 0.4% | +37.8% |
| 1989 | 0.5% | +45.1% |
| 1990 | 0.9% | +80.8% |
| 1991 | 0.9% | -1.8% |
| 1992 | 0.9% | -4.7% |
| 1993 | 0.9% | +3.2% |
| 1994 | 0.7% | -20.1% |
| 1995 | 0.5% | -31.6% |
| 1996 | 0.4% | -11.9% |
| 1997 | 0.5% | +22.5% |
| 1998 | 0.3% | -36.9% |
| 1999 | 0.3% | +2.0% |
| 2000 | 0.4% | +14.5% |
| 2001 | 0.5% | +20.8% |
| 2002 | 0.7% | +45.5% |
| 2003 | 0.4% | -38.4% |
| 2004 | 0.4% | +3.1% |
| 2005 | 0.4% | -10.5% |
| 2006 | 0.5% | +18.0% |
| 2007 | 0.5% | +10.1% |
| 2008 | 0.7% | +30.9% |
| 2009 | 0.7% | +8.0% |
| 2010 | 1.0% | +36.7% |
| 2011 | 1.0% | +0.7% |
| 2012 | 1.0% | +5.5% |
| 2013 | 1.3% | +23.2% |
| 2014 | 1.2% | -5.5% |
| 2015 | 1.2% | +1.6% |
| 2016 | 1.0% | -18.0% |
| 2017 | 0.8% | -24.0% |
| 2018 | 0.7% | -12.8% |
| 2019 | 0.8% | +12.3% |
| 2020 | 0.8% | +1.0% |
| 2021 | 0.7% | -3.0% |
| 2022 | 0.7% | -9.4% |
| 2023 | 0.7% | +4.4% |
| 2024 | 0.7% | +6.4% |
| 2025 | 0.7% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1% | 0.1% | 0.1% | 4 |
| 1980s | 0.2% | 0.0% | 0.5% | 10 |
| 1990s | 0.6% | 0.3% | 0.9% | 10 |
| 2000s | 0.5% | 0.4% | 0.7% | 10 |
| 2010s | 1.0% | 0.7% | 1.3% | 10 |
| 2020s | 0.7% | 0.7% | 0.8% | 6 |
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)
- Manufacturing, value added (current US$), per unit of GDP 0.0853 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 8,386 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 10.96 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 1.08 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.051 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 5,012 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Iceland?
- Personal remittances, received in Iceland was 0.7% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Iceland?
- The highest recorded value was 1.3% in 2013.
- What is the lowest personal remittances, received recorded in Iceland?
- The lowest recorded value was 0.0% in 1982.
- How does Iceland rank for personal remittances, received?
- Iceland ranks 138th out of 196 countries with data for 2025.
- Is personal remittances, received rising or falling in Iceland?
- Over the last ten years it is down 40.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). 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.