Iceland - Net current transfers from abroad

Net current transfers from abroad (constant LCU)

The value for Net current transfers from abroad (constant LCU) in Iceland was -31,126,930,000 as of 2013. As the graph below shows, over the past 53 years this indicator reached a maximum value of 3,130,782 in 1964 and a minimum value of -248,281,000,000 in 2008.

Definition: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 -728,001,700
1961 -563,430,100
1962 -382,173,000
1963 -221,392,900
1964 3,130,782
1965 -442,625,100
1966 -308,364,100
1967 -655,498,800
1968 -1,483,297,000
1969 -2,034,569,000
1970 -983,103,800
1971 -561,809,900
1972 -1,725,140,000
1973 -1,597,160,000
1974 -2,187,267,000
1975 -5,936,769,000
1976 -6,876,644,000
1977 -5,802,114,000
1978 -7,792,287,000
1979 -8,482,821,000
1980 -9,501,754,000
1981 -13,382,200,000
1982 -16,732,030,000
1983 -20,220,870,000
1984 -24,106,160,000
1985 -21,842,470,000
1986 -19,304,170,000
1987 -14,457,820,000
1988 -15,915,120,000
1989 -22,347,570,000
1990 -21,574,670,000
1991 -16,945,960,000
1992 -13,940,450,000
1993 -15,245,950,000
1994 -20,150,350,000
1995 -18,354,820,000
1996 -15,782,200,000
1997 -16,410,980,000
1998 -16,521,000,000
1999 -15,625,030,000
2000 -23,013,690,000
2001 -27,175,040,000
2002 -1,407,482,000
2003 -13,901,360,000
2004 -38,817,130,000
2005 -36,954,380,000
2006 -62,668,660,000
2007 -56,154,610,000
2008 -248,281,000,000
2009 -209,735,000,000
2010 -181,103,000,000
2011 -150,385,000,000
2012 -116,588,000,000
2013 -31,126,930,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts