Net secondary income (BoP, current US$) - Country Ranking

Definition: Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 India 70,074,860,000.00 2018
2 Mexico 32,884,680,000.00 2018
3 Philippines 26,841,790,000.00 2018
4 Egypt 25,489,200,000.00 2018
5 Nigeria 24,134,100,000.00 2018
6 Pakistan 24,086,000,000.00 2018
7 Bangladesh 16,101,580,000.00 2018
8 Guatemala 9,923,900,000.00 2018
9 Nepal 8,982,276,000.00 2018
10 Vietnam 8,856,924,000.00 2018
11 Ethiopia 8,027,076,000.00 2018
12 Thailand 8,000,864,000.00 2018
13 Morocco 7,997,393,000.00 2018
14 Israel 7,790,100,000.00 2018
15 Colombia 7,642,681,000.00 2018
16 Indonesia 6,895,441,000.00 2018
17 Sri Lanka 6,162,556,000.00 2018
18 Dominican Republic 6,101,100,000.00 2018
19 El Salvador 5,365,838,000.00 2018
20 Yemen 5,258,697,000.00 2016
21 Jordan 5,058,169,000.00 2018
22 Honduras 4,933,860,000.00 2018
23 Serbia 4,870,519,000.00 2018
24 Portugal 4,859,698,000.00 2018
25 Kenya 4,448,034,000.00 2017
26 Uzbekistan 4,207,691,000.00 2018
27 Ukraine 3,652,000,000.00 2018
28 Peru 3,555,775,000.00 2018
29 Haiti 3,496,675,000.00 2018
30 Algeria 3,089,409,000.00 2017
31 Romania 2,793,412,000.00 2018
32 Ghana 2,583,045,000.00 2018
33 Myanmar 2,580,692,000.00 2018
34 Afghanistan 2,506,189,000.00 2018
35 Jamaica 2,452,106,000.00 2018
36 Kyrgyz Republic 2,420,916,000.00 2018
37 Chile 2,411,305,000.00 2018
38 Ecuador 2,408,862,000.00 2018
39 Bosnia and Herzegovina 2,332,975,000.00 2018
40 Bulgaria 2,311,710,000.00 2018
41 North Macedonia 2,126,941,000.00 2018
42 Croatia 2,031,058,000.00 2018
43 Senegal 1,962,215,000.00 2017
44 Tunisia 1,767,108,000.00 2018
45 Cambodia 1,721,686,000.00 2018
46 Zimbabwe 1,697,352,000.00 2017
47 Nicaragua 1,611,300,000.00 2018
48 Botswana 1,603,163,000.00 2018
49 Uganda 1,583,143,000.00 2018
50 Lebanon 1,577,666,000.00 2018
51 Mali 1,484,417,000.00 2017
52 Namibia 1,408,396,000.00 2018
53 Georgia 1,363,784,000.00 2018
54 Argentina 1,299,553,000.00 2018
55 Belarus 1,261,300,000.00 2018
56 Bolivia 1,250,685,000.00 2018
57 Dem. Rep. Congo 1,210,500,000.00 2018
58 Moldova 1,172,450,000.00 2018
59 Albania 1,076,526,000.00 2018
60 Iraq 1,068,800,000.00 2018
61 Madagascar 972,598,600.00 2018
62 Lithuania 967,625,900.00 2018
63 Syrian Arab Republic 949,314,500.00 2010
64 Kazakhstan 918,176,600.00 2018
65 Turkey 854,000,000.00 2018
66 Paraguay 801,470,000.00 2018
67 Azerbaijan 731,368,000.00 2018
68 Rwanda 657,020,000.00 2018
69 Armenia 620,467,100.00 2018
70 Lesotho 607,173,400.00 2018
71 Malawi 563,464,600.00 2018
72 Eswatini 543,897,600.00 2018
73 Tajikistan 499,800,700.00 2018
74 Tanzania 468,531,600.00 2018
75 Guyana 467,672,800.00 2018
76 Costa Rica 463,344,400.00 2018
77 Iran 457,000,000.00 2000
78 Cameroon 453,521,800.00 2018
79 Latvia 419,418,600.00 2018
80 Niger 411,452,000.00 2017
81 Togo 399,363,700.00 2017
82 Burkina Faso 397,777,800.00 2017
83 Sudan 375,446,300.00 2018
84 Mozambique 337,916,900.00 2018
85 New Caledonia 330,890,700.00 2016
86 Sierra Leone 324,017,800.00 2018
87 Cabo Verde 317,259,800.00 2018
88 Fiji 314,938,100.00 2018
89 Montenegro 311,817,500.00 2018
90 Eritrea 298,771,900.00 2000
91 Mongolia 284,221,600.00 2018
92 Zambia 275,924,600.00 2018
93 Burundi 251,450,700.00 2018
94 Lao PDR 242,180,000.00 2018
95 Papua New Guinea 226,819,100.00 2017
96 The Gambia 213,226,700.00 2018
97 Uruguay 206,444,300.00 2018
98 Mauritania 205,118,000.00 2018
99 Benin 203,767,600.00 2017
100 Bhutan 200,843,500.00 2018
101 Chad 190,969,200.00 1994
102 Samoa 179,609,100.00 2018
103 Venezuela 174,000,000.00 2016
104 Comoros 163,155,600.00 2018
105 Tonga 159,812,300.00 2018
106 Liberia 153,284,700.00 2018
107 Djibouti 135,488,400.00 2017
108 Suriname 102,727,900.00 2018
109 Estonia 97,598,570.00 2018
110 Guinea 95,960,000.00 2018
111 Luxembourg 90,112,080.00 2018
112 Belize 76,361,760.00 2018
113 Guinea-Bissau 75,676,180.00 2018
114 Kiribati 64,469,230.00 2017
115 Central African Republic 63,400,040.00 1994
116 St. Vincent and the Grenadines 44,016,830.00 2018
117 Dominica 43,061,580.00 2018
118 São Tomé and Principe 36,030,480.00 2018
119 Solomon Islands 32,139,510.00 2018
120 Nauru 31,312,530.00 2018
121 Vanuatu 21,396,550.00 2018
122 Seychelles 18,461,180.00 2018
123 Palau 15,810,050.00 2017
124 St. Lucia 7,591,197.00 2018
125 Tuvalu 5,529,712.00 2013
126 Equatorial Guinea -2,594,065.00 1996
127 Grenada -10,188,540.00 2018
128 St. Kitts and Nevis -27,668,050.00 2018
129 Brazil -28,197,170.00 2018
130 Barbados -50,883,600.00 2013
131 Antigua and Barbuda -53,961,660.00 2018
132 The Bahamas -68,602,250.00 2018
133 Panama -70,208,800.00 2018
134 Trinidad and Tobago -94,246,350.00 2018
135 Gabon -95,372,470.00 2015
136 Timor-Leste -95,927,020.00 2018
137 Malta -146,961,500.00 2018
138 New Zealand -203,718,300.00 2018
139 Iceland -204,838,100.00 2018
140 Angola -269,381,700.00 2018
141 Mauritius -293,249,000.00 2018
142 Greece -344,979,800.00 2018
143 Cyprus -417,915,200.00 2018
144 Slovenia -482,299,300.00 2018
145 Brunei -506,106,000.00 2018
146 Congo -513,362,200.00 2016
147 Côte d'Ivoire -515,591,300.00 2017
148 Cayman Islands -681,617,000.00 2017
149 Libya -755,800,000.00 2016
150 Australia -833,074,200.00 2018
151 Slovak Republic -1,473,850,000.00 2018
152 Hungary -1,534,489,000.00 2018
153 Poland -1,662,000,000.00 2018
154 Czech Republic -1,890,763,000.00 2018
155 Canada -2,266,628,000.00 2018
156 China -2,409,686,000.00 2018
157 Hong Kong SAR, China -2,733,907,000.00 2018
158 South Africa -2,738,320,000.00 2018
159 Finland -2,801,668,000.00 2018
160 Bahrain -3,268,883,000.00 2018
161 Macao SAR, China -3,509,552,000.00 2018
162 Ireland -3,990,512,000.00 2018
163 Austria -4,563,749,000.00 2018
164 Malaysia -4,777,693,000.00 2018
165 Denmark -5,748,338,000.00 2018
166 Norway -6,402,749,000.00 2018
167 Singapore -7,047,232,000.00 2018
168 Netherlands -7,212,273,000.00 2018
169 Belgium -8,007,612,000.00 2018
170 Korea -8,498,700,000.00 2018
171 Sweden -9,317,658,000.00 2018
172 Russia -9,536,850,000.00 2018
173 Switzerland -9,622,145,000.00 2018
174 Oman -9,957,667,000.00 2018
175 Spain -14,209,820,000.00 2018
176 Kuwait -14,854,880,000.00 2018
177 Qatar -16,352,470,000.00 2018
178 Japan -18,370,170,000.00 2018
179 Italy -20,567,570,000.00 2018
180 United Kingdom -34,541,000,000.00 2018
181 Saudi Arabia -41,066,230,000.00 2018
182 Germany -56,125,760,000.00 2018
183 France -56,493,980,000.00 2018
184 United States -117,285,000,000.00 2018

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Development Relevance: The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance. A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

Limitations and Exceptions: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

Statistical Concept and Methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions. The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives. The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.