Primary income balance (credit less debit), Net (credits less debits) in Iceland
Iceland: Primary income balance (credit less debit), Net (credits less debits) was -153.95 million in 2024. ◆ Volatile
Primary income balance (credit less debit), Net (credits less debits) in Iceland, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, primary income balance (credit less debit), net (credits less debits) in Iceland stood at -153.95 million.
That represents a change of up 52.8% on the previous year and up 13.2% over ten years.
Over the whole period, primary income balance (credit less debit), net (credits less debits) in Iceland peaked at 673.11 million in 2020 and was at its lowest, -3.63 billion, in 2008.
Iceland ranks 74th 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.
Primary income balance (credit less debit), Net (credits less debits) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -751.70 million | — |
| 2006 | -1.18 billion | +56.5% |
| 2007 | -1.22 billion | +3.6% |
| 2008 | -3.63 billion | +197.7% |
| 2009 | -2.18 billion | -39.9% |
| 2010 | -2.11 billion | -3.1% |
| 2011 | -1.80 billion | -15.0% |
| 2012 | -1.24 billion | -30.9% |
| 2013 | -76.80 million | -93.8% |
| 2014 | -177.30 million | +130.8% |
| 2015 | -1.95 million | -98.9% |
| 2016 | 409.52 million | -21137.9% |
| 2017 | 68.51 million | -83.3% |
| 2018 | 250.38 million | +265.5% |
| 2019 | 623.36 million | +149.0% |
| 2020 | 673.11 million | +8.0% |
| 2021 | -24.41 million | -103.6% |
| 2022 | -369.25 million | +1412.7% |
| 2023 | -326.00 million | -11.7% |
| 2024 | -153.95 million | -52.8% |
Iceland compared with similar countries
- Iceland's -153.95 million is above the median for high income countries, which is -896.13 million, 17% of the median. (72 countries reporting)
- Iceland's -153.95 million is above the median for Europe & Central Asia, which is -972.80 million, 16% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Primary income balance (credit less debit), Net (credits less debits) 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 |
|---|---|---|---|
| 2016 | +21137.9% | -1.95 million | 409.52 million |
| 2022 | -1412.7% | -24.41 million | -369.25 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.79 billion | -3.63 billion | -751.70 million | 5 |
| 2010s | -405.50 million | -2.11 billion | 623.36 million | 10 |
| 2020s | -40.10 million | -369.25 million | 673.11 million | 5 |
Countries ranked near Iceland
More financial sector data for Iceland
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 243.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 177.89 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 243.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is primary income balance (credit less debit), net (credits less debits) in Iceland?
- Primary income balance (credit less debit), net (credits less debits) in Iceland was -153.95 million in 2024, according to International Monetary Fund.
- What is the highest primary income balance (credit less debit), net (credits less debits) recorded in Iceland?
- The highest recorded value was 673.11 million in 2020.
- What is the lowest primary income balance (credit less debit), net (credits less debits) recorded in Iceland?
- The lowest recorded value was -3.63 billion in 2008.
- How does Iceland rank for primary income balance (credit less debit), net (credits less debits)?
- Iceland ranks 74th out of 197 countries with data for 2024.
- Is primary income balance (credit less debit), net (credits less debits) rising or falling in Iceland?
- Over the last ten years it is up 13.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Primary income balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.