Remittances in Iceland decreased to 1652 ISK Million in the fourth quarter of 2019 from 1848 ISK Million in the third quarter of 2019.

Remittances in Iceland averaged 363.32 ISK Million from 1995 until 2019, reaching an all time high of 2448 ISK Million in the third quarter of 2002 and a record low of 18 ISK Million in the first quarter of 2008. This page provides - Iceland Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Remittances - values, historical data and charts - was last updated on May of 2020.

Remittances in Iceland is expected to be 1055.97 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Iceland to stand at 1048.91 in 12 months time. In the long-term, the Iceland Remittances is projected to trend around 1049.30 ISK Million in 2021 and 1049.24 ISK Million in 2022, according to our econometric models.

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Iceland Remittances

Actual Previous Highest Lowest Dates Unit Frequency
1652.00 1848.00 2448.00 18.00 1995 - 2019 ISK Million Quarterly
Current Prices, NSA

Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -820.53 -12976.26 24138.40 -28450.73 ISK Million [+]
Current Account 51.00 62.90 99.98 -137.24 ISK Billion [+]
Current Account to GDP 5.80 3.10 7.60 -23.00 percent [+]
Imports 47961.34 68900.87 74468.85 1.21 ISK Million [+]
Exports 47140.81 55924.62 76557.87 0.78 ISK Million [+]
External Debt 2307.99 2350.80 15748.53 280.59 ISK Billion [+]
Capital Flows 51.90 103.00 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Remittances 1652.00 1848.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.03 0.06 1.22 0.00 [+]
Tourist Arrivals 79873.00 133001.00 291344.00 10592.00 [+]
Foreign Direct Investment 28.60 8.70 199.98 -553.03 ISK Billion [+]


Iceland Remittances
In Iceland, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances).