Remittances in Iceland increased to 1744 ISK Million in the second quarter of 2021 from 1388 ISK Million in the first quarter of 2021. source: Central Bank of Iceland

Remittances in Iceland averaged 423.47 ISK Million from 1995 until 2021, 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 Inward Remittances - values, historical data and charts - was last updated on September of 2021.

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. In the long-term, the Iceland Inward Remittances is projected to trend around 1049.30 ISK Million in 2022 and 1049.24 ISK Million in 2023, according to our econometric models.

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Iceland Inward Remittances

Actual Previous Highest Lowest Dates Unit Frequency
1744.00 1388.00 2448.00 18.00 1995 - 2021 ISK Million Quarterly
Current Prices, NSA

Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -36242.60 -16916.00 21093.00 -47658.60 ISK Million [+]
Current Account -31084.00 -22759.00 104939.00 -133503.00 ISK Million [+]
Current Account to GDP 1.00 6.40 8.10 -22.70 percent of GDP [+]
Imports 92112.10 84748.10 106393.00 1.21 ISK Million [+]
Exports 55869.50 67832.10 76594.10 0.78 ISK Million [+]
External Debt 2496679.00 2450013.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 15566.00 13908.00 414266.00 -418160.00 ISK Million [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Remittances 1744.00 1388.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.00 0.03 1.22 0.00 [+]
Tourist Arrivals 109335.00 42589.00 291344.00 924.00 [+]
Foreign Direct Investment -12700.00 -74123.00 199978.00 -553027.00 ISK Million [+]


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