Volume of remittances (in United States dollars) as a proportion of in Iceland
Iceland: Volume of remittances (in United States dollars) as a proportion of was 0.7% in 2024. ▲ Rising
Latest (2024)
0.7%
Change on year
up 6.1%
World rank
144th
of 203 countries
All-time high
1.3%
in 2013
All-time low
0.4%
in 2005
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Iceland, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Iceland stood at 0.7%.
Compared with earlier readings it is up 6.1% on the previous year and down 39.0% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Iceland peaked at 1.3% in 2013 and was at its lowest, 0.4%, in 2005.
That places Iceland 144th out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.4% | — |
| 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% | +6.1% |
Iceland compared with similar countries
- Iceland's 0.7% is above the median for high income countries, which is 0.7%, 1.0× the median. (66 countries reporting)
- Iceland's 0.7% is below the median for Europe & Central Asia, which is 1.5%, 48% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5% | 0.4% | 0.7% | 10 |
| 2010s | 1.0% | 0.7% | 1.3% | 10 |
| 2020s | 0.7% | 0.7% | 0.8% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Iceland?
- Volume of remittances (in united states dollars) as a proportion of in Iceland was 0.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Iceland?
- The highest recorded value was 1.3% in 2013.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Iceland?
- The lowest recorded value was 0.4% in 2005.
- How does Iceland rank for volume of remittances (in united states dollars) as a proportion of?
- Iceland ranks 144th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Iceland?
- Over the last ten years it is down 39.0%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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