Remittances in Iceland decreased to 1182 ISK Million in the second quarter of 2020 from 1403 ISK Million in the first quarter of 2020.

Remittances in Iceland averaged 381.39 ISK Million from 1995 until 2020, 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 October 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 Inward Remittances

Actual Previous Highest Lowest Dates Unit Frequency
1182.00 1403.00 2448.00 18.00 1995 - 2020 ISK Million Quarterly
Current Prices, NSA

Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -3762.38 -11247.03 24063.60 -28988.51 ISK Million [+]
Current Account 6954.00 16735.00 99975.00 -137239.00 ISK Million [+]
Current Account to GDP 5.80 3.10 7.60 -23.00 percent [+]
Imports 65375.90 55303.61 74676.84 1.21 ISK Million [+]
Exports 61613.52 44056.58 76557.01 0.78 ISK Million [+]
External Debt 2647551.00 2585660.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 21609.00 34140.00 414266.00 -418160.00 ISK Million [+]
Gold Reserves 2.00 2.00 2.00 1.84 Tonnes [+]
Remittances 1182.00 1403.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.03 0.06 1.22 0.00 [+]
Tourist Arrivals 45614.00 5943.00 291344.00 924.00 [+]
Foreign Direct Investment -6243.00 -38139.00 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).