Remittances received — all countries

Remittances received — Iceland

Remittances received in Iceland in 2025 — 281,525,885 US$. Ranked 77 in the world out of 94. Since 1976, the indicator has risen by 20,009%.

2025 282M US$ +14.41% vs 2024
World rank 77of 94
Period maximum 282M US$2025
Period minimum 1.2M US$1982

Trend over time

1976–2025 · US$

Remittances received — Iceland, 1976–20250100M200M300M197619811986199119962001200620112016202120251976: 1,400,000 US$1977: 1,700,000 US$1978: 1,800,000 US$1979: 1,700,000 US$1980: 1,500,000 US$1981: 3,100,000 US$1982: 1,200,000 US$1983: 2,300,000 US$1984: 6,800,000 US$1985: 5,100,000 US$1986: 7,600,000 US$1987: 14,700,000 US$1988: 22,400,000 US$1989: 30,200,001 US$1990: 62,259,350 US$1991: 65,318,413 US$1992: 63,823,406 US$1993: 57,867,332 US$1994: 47,506,657 US$1995: 36,237,521 US$1996: 33,295,455 US$1997: 40,944,767 US$1998: 28,931,171 US$1999: 31,124,489 US$2000: 35,754,208 US$2001: 39,346,089 US$2002: 64,770,701 US$2003: 48,980,942 US$2004: 60,964,373 US$2005: 66,995,703 US$2006: 81,472,547 US$2007: 111,468,464 US$2008: 121,287,727 US$2009: 94,841,645 US$2010: 136,625,440 US$2011: 152,119,247 US$2012: 155,733,188 US$2013: 208,610,479 US$2014: 218,971,629 US$2015: 218,237,906 US$2016: 213,164,897 US$2017: 192,473,128 US$2018: 178,679,552 US$2019: 187,885,699 US$2020: 167,365,867 US$2021: 193,315,560 US$2022: 194,754,269 US$2023: 220,870,288 US$2024: 246,061,466 US$2025: 281,525,885 US$
Change over the period: +280M (+20,008.99%) Average annual rate: 11.43 %

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Iceland

Iceland 282M US$
World 804B US$
Remittances received — Iceland, by year Iceland All countries CSV XLSX
Year US$ Change Change, %
2025 282M +35.46M +14.41%
2024 246M +25.19M +11.41%
2023 221M +26.12M +13.41%
2022 195M +1.44M +0.74%
2021 193M +25.95M +15.5%
2020 167M −20.52M −10.92%
2019 188M +9.21M +5.15%
2018 179M −13.79M −7.17%
2017 192M −20.69M −9.71%
2016 213M −5.07M −2.32%
2015 218M −733,723 −0.34%
2014 219M +10.36M +4.97%
2013 209M +52.88M +33.95%
2012 156M +3.61M +2.38%
2011 152M +15.49M +11.34%
2010 137M +41.78M +44.06%
2009 94.84M −26.45M −21.8%
2008 121M +9.82M +8.81%
2007 111M +30M +36.82%
2006 81.47M +14.48M +21.61%
2005 67M +6.03M +9.89%
2004 60.96M +11.98M +24.47%
2003 48.98M −15.79M −24.38%
2002 64.77M +25.42M +64.62%
2001 39.35M +3.59M +10.05%
2000 35.75M +4.63M +14.87%
1999 31.12M +2.19M +7.58%
1998 28.93M −12.01M −29.34%
1997 40.94M +7.65M +22.97%
1996 33.3M −2.94M −8.12%
1995 36.24M −11.27M −23.72%
1994 47.51M −10.36M −17.9%
1993 57.87M −5.96M −9.33%
1992 63.82M −1.5M −2.29%
1991 65.32M +3.06M +4.91%
1990 62.26M +32.06M +106.16%
1989 30.2M +7.8M +34.82%
1988 22.4M +7.7M +52.38%
1987 14.7M +7.1M +93.42%
1986 7.6M +2.5M +49.02%
1985 5.1M −1.7M −25%
1984 6.8M +4.5M +195.65%
1983 2.3M +1.1M +91.67%
1982 1.2M −1.9M −61.29%
1981 3.1M +1.6M +106.67%
1980 1.5M −200,000 −11.76%
1979 1.7M −100,000 −5.56%
1978 1.8M +100,000 +5.88%
1977 1.7M +300,000 +21.43%
1976 1.4M

Northern Europe, 2025

The same indicator for neighboring countries — with links to their pages

About the indicator

Personal remittances received by a country: the earnings of labor migrants sent home, plus transfers between households. For a couple of dozen countries this flow is larger than any single export item, and for several it exceeds a fifth of GDP — remittances then become the main external link of the economy, steadier than both direct investment and foreign aid: in a crisis they usually do not fall but rise, because migrants send their families more.

Important: Only transfers through banks and money transfer systems are counted. Cash brought in person does not reach the statistics, so the real volumes are higher — by estimates, noticeably so.

Source: World Development Indicators (World Bank), license CC BY 4.0.