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 73,117,050,000.00 2020
2 Mexico 40,073,880,000.00 2020
3 Pakistan 33,060,000,000.00 2021
4 Philippines 29,460,610,000.00 2021
5 Egypt 29,160,200,000.00 2020
6 Bangladesh 22,666,690,000.00 2021
7 Nigeria 21,022,320,000.00 2020
8 Guatemala 11,892,840,000.00 2020
9 Colombia 10,722,330,000.00 2021
10 China 9,480,240,000.00 2020
11 Vietnam 9,458,000,000.00 2020
12 Nepal 8,844,088,000.00 2021
13 Morocco 8,637,549,000.00 2020
14 Israel 8,280,800,000.00 2021
15 Dominican Republic 8,060,100,000.00 2020
16 Ethiopia 7,397,024,000.00 2020
17 Portugal 6,765,574,000.00 2021
18 Indonesia 6,263,835,000.00 2021
19 Sri Lanka 6,206,771,000.00 2020
20 Thailand 6,055,222,000.00 2020
21 Honduras 5,982,937,000.00 2020
22 El Salvador 5,959,913,000.00 2020
23 Yemen 5,258,697,000.00 2016
24 Uzbekistan 5,212,087,000.00 2020
25 Kenya 4,951,660,000.00 2020
26 Ukraine 4,651,000,000.00 2021
27 Lebanon 4,512,598,000.00 2020
28 Jordan 4,484,085,000.00 2020
29 Serbia 4,127,492,000.00 2020
30 Haiti 4,098,857,000.00 2021
31 Peru 4,071,056,000.00 2020
32 Ghana 3,732,878,000.00 2020
33 Brazil 3,293,732,000.00 2021
34 Ecuador 2,992,940,000.00 2020
35 Jamaica 2,961,454,000.00 2020
36 Croatia 2,500,179,000.00 2020
37 Myanmar 2,434,192,000.00 2019
38 North Macedonia 2,381,469,000.00 2021
39 Algeria 2,253,376,000.00 2020
40 Kyrgyz Republic 2,246,113,000.00 2020
41 Romania 2,229,276,000.00 2020
42 Bosnia and Herzegovina 2,213,539,000.00 2020
43 Afghanistan 2,180,586,000.00 2020
44 Tunisia 2,080,247,000.00 2020
45 Senegal 2,058,677,000.00 2018
46 Nicaragua 1,920,400,000.00 2020
47 Georgia 1,809,651,000.00 2020
48 Zimbabwe 1,795,188,000.00 2020
49 Uganda 1,743,707,000.00 2020
50 Cambodia 1,653,757,000.00 2020
51 Mali 1,502,669,000.00 2020
52 Moldova 1,429,090,000.00 2020
53 Namibia 1,352,185,000.00 2020
54 Kazakhstan 1,310,396,000.00 2020
55 Botswana 1,291,755,000.00 2020
56 Albania 1,146,131,000.00 2020
57 Argentina 1,119,349,000.00 2020
58 Sudan 1,086,141,000.00 2020
59 Bolivia 1,025,260,000.00 2020
60 Armenia 973,512,800.00 2020
61 Chile 962,854,100.00 2020
62 Syrian Arab Republic 949,314,500.00 2010
63 Bulgaria 920,030,000.00 2020
64 Turkey 898,000,000.00 2021
65 Madagascar 889,345,800.00 2020
66 Malawi 826,138,400.00 2020
67 Dem. Rep. Congo 804,018,400.00 2020
68 Burkina Faso 722,113,900.00 2020
69 Belarus 712,332,400.00 2021
70 Paraguay 694,315,000.00 2020
71 Tajikistan 688,059,300.00 2020
72 Mozambique 677,553,400.00 2020
73 Greece 671,032,600.00 2020
74 Guyana 666,507,800.00 2020
75 Rwanda 620,721,100.00 2020
76 Lesotho 615,679,400.00 2021
77 Togo 604,136,800.00 2020
78 Niger 596,575,700.00 2020
79 Costa Rica 568,218,700.00 2020
80 Azerbaijan 557,776,000.00 2020
81 Eswatini 552,956,200.00 2020
82 The Gambia 547,157,600.00 2021
83 Lithuania 531,975,600.00 2020
84 Montenegro 473,242,900.00 2021
85 Sierra Leone 467,794,100.00 2020
86 Iran 457,000,000.00 2000
87 Fiji 452,400,700.00 2020
88 Latvia 449,602,500.00 2021
89 Cameroon 414,083,300.00 2020
90 Tanzania 399,883,500.00 2020
91 Cabo Verde 348,740,300.00 2020
92 Mauritania 341,719,600.00 2020
93 New Caledonia 330,890,700.00 2016
94 Papua New Guinea 314,054,000.00 2018
95 Eritrea 298,771,900.00 2000
96 Benin 283,120,400.00 2020
97 Mongolia 273,311,000.00 2020
98 Lao PDR 251,925,600.00 2020
99 Burundi 251,450,700.00 2018
100 Comoros 245,137,600.00 2020
101 Zambia 221,217,700.00 2020
102 Samoa 204,655,900.00 2020
103 Djibouti 194,823,100.00 2020
104 Chad 190,969,200.00 1994
105 Uruguay 187,438,800.00 2020
106 Venezuela 174,000,000.00 2016
107 Vanuatu 170,084,800.00 2020
108 Bhutan 169,174,200.00 2020
109 Guinea 147,010,000.00 2020
110 Tonga 146,974,800.00 2020
111 Guinea-Bissau 142,734,700.00 2020
112 Liberia 132,733,200.00 2019
113 Panama 131,516,600.00 2020
114 Suriname 124,255,700.00 2020
115 Belize 117,911,400.00 2020
116 Solomon Islands 66,519,720.00 2020
117 Central African Republic 63,400,040.00 1994
118 St. Vincent and the Grenadines 57,973,390.00 2020
119 São Tomé and Principe 48,239,180.00 2020
120 Kiribati 43,256,470.00 2020
121 Trinidad and Tobago 41,164,970.00 2020
122 Nauru 31,312,530.00 2018
123 Dominica 29,472,590.00 2020
124 Tuvalu 22,062,370.00 2019
125 Grenada 18,541,330.00 2020
126 St. Lucia 16,253,220.00 2020
127 Palau 15,810,050.00 2017
128 Estonia 3,872,560.00 2021
129 Equatorial Guinea -2,594,065.00 1996
130 Seychelles -13,258,690.00 2020
131 St. Kitts and Nevis -15,165,930.00 2020
132 Andorra -41,746,130.00 2019
133 Barbados -42,333,380.00 2016
134 Antigua and Barbuda -61,345,630.00 2020
135 Angola -62,682,900.00 2020
136 Luxembourg -93,705,780.00 2021
137 Gabon -95,372,470.00 2015
138 Timor-Leste -142,865,800.00 2020
139 The Bahamas -173,389,000.00 2020
140 Iceland -184,770,800.00 2020
141 Malta -185,656,600.00 2020
142 Iraq -300,500,000.00 2020
143 Mauritius -325,422,900.00 2020
144 Brunei -349,909,500.00 2020
145 Cyprus -397,137,600.00 2020
146 Congo -513,362,200.00 2016
147 Cayman Islands -571,230,000.00 2019
148 Slovenia -600,416,800.00 2021
149 Côte d'Ivoire -699,493,400.00 2020
150 New Zealand -722,245,300.00 2020
151 Libya -763,000,000.00 2019
152 Slovak Republic -1,032,844,000.00 2020
153 Australia -1,062,147,000.00 2020
154 Hungary -1,092,966,000.00 2020
155 Czech Republic -1,234,986,000.00 2020
156 Macao SAR, China -1,485,809,000.00 2020
157 Poland -1,848,000,000.00 2020
158 Malaysia -2,296,390,000.00 2021
159 South Africa -2,585,338,000.00 2020
160 Hong Kong SAR, China -2,667,167,000.00 2020
161 Canada -3,141,927,000.00 2021
162 Bahrain -3,268,883,000.00 2018
163 Finland -3,626,310,000.00 2021
164 Austria -3,725,796,000.00 2020
165 Korea -4,124,900,000.00 2021
166 Ireland -4,312,700,000.00 2020
167 Singapore -4,741,927,000.00 2021
168 Russia -5,680,450,000.00 2020
169 Denmark -6,011,947,000.00 2020
170 Norway -7,495,505,000.00 2020
171 Belgium -8,468,568,000.00 2020
172 Oman -8,772,236,000.00 2020
173 Sweden -11,263,030,000.00 2020
174 Qatar -12,433,520,000.00 2020
175 Netherlands -15,402,680,000.00 2020
176 Spain -15,887,880,000.00 2020
177 Switzerland -16,871,580,000.00 2020
178 Kuwait -17,598,420,000.00 2020
179 Italy -21,977,970,000.00 2020
180 Japan -23,946,310,000.00 2020
181 United Kingdom -36,066,800,000.00 2020
182 Saudi Arabia -37,426,870,000.00 2020
183 France -49,877,400,000.00 2020
184 Germany -59,166,150,000.00 2020
185 United States -127,871,000,000.00 2020

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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.