Primary income, Debit/Expenditure in Iceland
Iceland: Primary income, Debit/Expenditure was 1.43 billion in 2024. ◆ Volatile
Primary income, Debit/Expenditure in Iceland, 2005–2024
Source: International Monetary Fund.
Analysis
Iceland recorded 1.43 billion for primary income, debit/expenditure in 2024.
That represents a change of down 4.5% on the previous year and up 19.1% over ten years.
Over the whole period, primary income, debit/expenditure in Iceland peaked at 5.78 billion in 2007 and was at its lowest, 56.65 million, in 2020.
That places Iceland 111th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income, Debit/Expenditure in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 2.19 billion | — |
| 2006 | 3.78 billion | +72.5% |
| 2007 | 5.78 billion | +52.9% |
| 2008 | 5.38 billion | -6.9% |
| 2009 | 3.03 billion | -43.7% |
| 2010 | 2.70 billion | -10.8% |
| 2011 | 3.18 billion | +17.4% |
| 2012 | 2.20 billion | -30.6% |
| 2013 | 1.25 billion | -43.5% |
| 2014 | 1.20 billion | -3.7% |
| 2015 | 1.00 billion | -16.4% |
| 2016 | 788.52 million | -21.3% |
| 2017 | 856.76 million | +8.7% |
| 2018 | 646.38 million | -24.6% |
| 2019 | 248.87 million | -61.5% |
| 2020 | 56.65 million | -77.2% |
| 2021 | 787.37 million | +1289.8% |
| 2022 | 1.10 billion | +39.7% |
| 2023 | 1.50 billion | +35.9% |
| 2024 | 1.43 billion | -4.5% |
Iceland compared with similar countries
- Iceland's 1.43 billion is below the median for high income countries, which is 15.71 billion, 9% of the median. (72 countries reporting)
- Iceland's 1.43 billion is below the median for Europe & Central Asia, which is 14.58 billion, 10% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Primary income, Debit/Expenditure 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 |
|---|---|---|---|
| 2021 | +1289.8% | 56.65 million | 787.37 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.03 billion | 2.19 billion | 5.78 billion | 5 |
| 2010s | 1.41 billion | 248.87 million | 3.18 billion | 10 |
| 2020s | 973.65 million | 56.65 million | 1.50 billion | 5 |
Countries ranked near Iceland
More trade data for Iceland
- Commodity Net Export Price Index, Individual Commodities Weighted by 137.33 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 108.33 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 106.92 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 138.52 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 98.7 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 76.38 (2025)
- Imports of low carbon technology products, Percent of GDP 1.91 (2024)
- Imports of low carbon technology products, US dollar (World), per 1,639 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0191 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 28.87 million (2024)
Frequently asked questions
- What is primary income, debit/expenditure in Iceland?
- Primary income, debit/expenditure in Iceland was 1.43 billion in 2024, according to International Monetary Fund.
- What is the highest primary income, debit/expenditure recorded in Iceland?
- The highest recorded value was 5.78 billion in 2007.
- What is the lowest primary income, debit/expenditure recorded in Iceland?
- The lowest recorded value was 56.65 million in 2020.
- How does Iceland rank for primary income, debit/expenditure?
- Iceland ranks 111th out of 198 countries with data for 2024.
- Is primary income, debit/expenditure rising or falling in Iceland?
- Over the last ten years it is up 19.1%. 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, Debit/Expenditure (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.