Secondary income balance (credit less debit), Net (credits less) in Iceland
Iceland: Secondary income balance (credit less debit), Net (credits less) was -360.24 million in 2024. ◆ Volatile
Secondary income balance (credit less debit), Net (credits less) in Iceland, 2005–2024
Source: International Monetary Fund.
Analysis
Iceland recorded -360.24 million for secondary income balance (credit less debit), net (credits less) in 2024. That is the lowest value across all 20 years on record.
The figure is down 22.8% on the previous year and down 238.5% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Iceland peaked at 186.14 million in 2007 and was at its lowest, -360.24 million, in 2024.
That places Iceland 155th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income balance (credit less debit), Net (credits less) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 61.81 million | — |
| 2006 | 95.44 million | +54.4% |
| 2007 | 186.14 million | +95.0% |
| 2008 | 76.22 million | -59.1% |
| 2009 | -47.35 million | -162.1% |
| 2010 | -75.60 million | +59.6% |
| 2011 | -95.91 million | +26.9% |
| 2012 | -77.38 million | -19.3% |
| 2013 | -109.32 million | +41.3% |
| 2014 | -106.43 million | -2.6% |
| 2015 | -257.15 million | +141.6% |
| 2016 | -46.92 million | -81.8% |
| 2017 | -91.64 million | +95.3% |
| 2018 | -143.40 million | +56.5% |
| 2019 | -187.94 million | +31.1% |
| 2020 | -179.06 million | -4.7% |
| 2021 | -255.59 million | +42.7% |
| 2022 | -283.17 million | +10.8% |
| 2023 | -293.40 million | +3.6% |
| 2024 | -360.24 million | +22.8% |
Iceland compared with similar countries
- Iceland's -360.24 million is below the median for high income countries, which is -347.77 million, 1.0× the median. (72 countries reporting)
- Iceland's -360.24 million is below the median for Europe & Central Asia, which is -31.75 million, 11.3× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 74.45 million | -47.35 million | 186.14 million | 5 |
| 2010s | -119.17 million | -257.15 million | -46.92 million | 10 |
| 2020s | -274.29 million | -360.24 million | -179.06 million | 5 |
Countries ranked near Iceland
- 152 Cayman Islands -198.66 million compare
- 153 Angola -287.43 million compare
- 154 Slovenia -335.31 million compare
- 156 Cyprus -393.28 million compare
- 157 Luxembourg -479.99 million compare
- 158 Kazakhstan -484.53 million compare
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 secondary income balance (credit less debit), net (credits less) in Iceland?
- Secondary income balance (credit less debit), net (credits less) in Iceland was -360.24 million in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Iceland?
- The highest recorded value was 186.14 million in 2007.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Iceland?
- The lowest recorded value was -360.24 million in 2024.
- How does Iceland rank for secondary income balance (credit less debit), net (credits less)?
- Iceland ranks 155th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Iceland?
- Over the last ten years it is down 238.5%. 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 Secondary 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.