Net secondary income (Net current transfers from abroad) in Iceland
Iceland: Net secondary income (Net current transfers from abroad) was -52.84 billion current LCU in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Iceland, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Iceland recorded -52.84 billion current LCU for net secondary income (net current transfers from abroad) in 2024. That is the lowest value across all 25 years on record.
The figure is down 20.7% on the previous year and down 383.0% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Iceland peaked at 9.66 billion current LCU in 2007 and was at its lowest, -52.84 billion current LCU, in 2024.
Iceland ranks 187th 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.57 billion current LCU | -5.55 billion current LCU | 9.66 billion current LCU | 10 |
| 2010s | -14.25 billion current LCU | -32.49 billion current LCU | -5.79 billion current LCU | 10 |
| 2020s | -38.70 billion current LCU | -52.84 billion current LCU | -24.47 billion current LCU | 5 |
Countries ranked near Iceland
More economy & growth data for Iceland
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
- Taxes less subsidies on products 3.88 billion current US$ (2025)
- Net primary income (Net income from abroad) -40.83 billion current LCU (2024)
- Net primary income (Net income from abroad) -295.94 million current US$ (2024)
- GNI per capita 12.60 million current LCU (2025)
- GNI per capita, Atlas method 89,220 current US$ (2025)
- GNI 4.94 trillion current LCU (2025)
- GNI 38.50 billion current US$ (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Iceland?
- Net secondary income (net current transfers from abroad) in Iceland was -52.84 billion current LCU 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 Iceland?
- The highest recorded value was 9.66 billion current LCU in 2007.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Iceland?
- The lowest recorded value was -52.84 billion current LCU in 2024.
- How does Iceland rank for net secondary income (net current transfers from abroad)?
- Iceland ranks 187th out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Iceland?
- Over the last ten years it is down 383.0%. The long-run trend across the full record is volatile.
- Where does this Iceland 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 LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 series is expressed in local currency units.