Secondary income, other sectors, payments in Small states
Small states: Secondary income, other sectors, payments was 6.77 billion BoP, current US$ in 2024. ▲ Rising
Secondary income, other sectors, payments in Small states, 1985–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, secondary income, other sectors, payments in Small states stood at 6.77 billion BoP, current US$.
The figure is down 5.0% on the previous year and up 40.9% over ten years.
Over the whole period, secondary income, other sectors, payments in Small states peaked at 7.13 billion BoP, current US$ in 2023 and was at its lowest, 136.49 million BoP, current US$, in 1985.
Small states ranks 37th of 45 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Secondary income, other sectors, payments in Small states, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1985 | 136.49 million BoP, current US$ | — |
| 2001 | 947.27 million BoP, current US$ | +594.0% |
| 2002 | 1.15 billion BoP, current US$ | +21.5% |
| 2003 | 1.40 billion BoP, current US$ | +21.8% |
| 2004 | 2.07 billion BoP, current US$ | +47.7% |
| 2005 | 2.13 billion BoP, current US$ | +2.8% |
| 2006 | 2.40 billion BoP, current US$ | +12.8% |
| 2007 | 2.92 billion BoP, current US$ | +21.5% |
| 2008 | 4.39 billion BoP, current US$ | +50.5% |
| 2009 | 4.83 billion BoP, current US$ | +9.9% |
| 2010 | 4.58 billion BoP, current US$ | -5.1% |
| 2011 | 4.56 billion BoP, current US$ | -0.4% |
| 2012 | 4.40 billion BoP, current US$ | -3.5% |
| 2013 | 4.21 billion BoP, current US$ | -4.2% |
| 2014 | 4.81 billion BoP, current US$ | +14.1% |
| 2015 | 4.38 billion BoP, current US$ | -8.8% |
| 2016 | 4.89 billion BoP, current US$ | +11.7% |
| 2017 | 6.86 billion BoP, current US$ | +40.1% |
| 2018 | 6.20 billion BoP, current US$ | -9.6% |
| 2019 | 6.67 billion BoP, current US$ | +7.5% |
| 2020 | 6.17 billion BoP, current US$ | -7.5% |
| 2021 | 6.99 billion BoP, current US$ | +13.3% |
| 2022 | 6.75 billion BoP, current US$ | -3.4% |
| 2023 | 7.13 billion BoP, current US$ | +5.6% |
| 2024 | 6.77 billion BoP, current US$ | -5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 136.49 million BoP, current US$ | 136.49 million BoP, current US$ | 136.49 million BoP, current US$ | 1 |
| 2000s | 2.47 billion BoP, current US$ | 947.27 million BoP, current US$ | 4.83 billion BoP, current US$ | 9 |
| 2010s | 5.16 billion BoP, current US$ | 4.21 billion BoP, current US$ | 6.86 billion BoP, current US$ | 10 |
| 2020s | 6.76 billion BoP, current US$ | 6.17 billion BoP, current US$ | 7.13 billion BoP, current US$ | 5 |
Countries ranked near Small states
- 34 Portugal 5.45 billion BoP, current US$ compare
- 35 Hong Kong 4.98 billion BoP, current US$ compare
- 36 Czechia 4.97 billion BoP, current US$ compare
- 37 Libya 4.80 billion BoP, current US$ compare
- 38 Chile 4.74 billion BoP, current US$ compare
- 39 Macao 4.02 billion BoP, current US$ compare
- 40 Denmark 3.77 billion BoP, current US$ compare
More economy & growth data for Small states
- Industry (including construction), value added 72.77 billion constant 2015 US$ (2025)
- Trade 139.8% (2024)
- Agriculture, forestry, and fishing, value added 8.84 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 3.7% (2025)
- Manufacturing, value added 24.33 billion current US$ (2024)
- Trade in services 69.2% (2024)
- Manufacturing, value added 7.8% (2024)
- Industry (including construction), value added 81.58 billion current US$ (2025)
- Services, value added 3.0% (2025)
- Services, value added 163.36 billion constant 2015 US$ (2025)
Frequently asked questions
- What is secondary income, other sectors, payments in Small states?
- Secondary income, other sectors, payments in Small states was 6.77 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest secondary income, other sectors, payments recorded in Small states?
- The highest recorded value was 7.13 billion BoP, current US$ in 2023.
- What is the lowest secondary income, other sectors, payments recorded in Small states?
- The lowest recorded value was 136.49 million BoP, current US$ in 1985.
- How does Small states rank for secondary income, other sectors, payments?
- Small states ranks 37th out of 45 groups with data for 2024.
- Is secondary income, other sectors, payments rising or falling in Small states?
- Over the last ten years it is up 40.9%. The long-run trend across the full record is rising.
- Where does this Small states data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Secondary income, other sectors, payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. 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.