Workers' remittances paid rose 25.0% to USD 563 mil in Iceland in 2024, according to the National Statistical Office.
Historically, workers' remittances paid in Iceland reached an all time high of USD 563 mil in 2024 and an all time low of USD 0.300 mil in 1976. When compared to Iceland's main peers, workers' remittances paid in Denmark amounted to USD 4,767 mil, USD 4,636 mil in Norway, USD 4,034 mil in Sweden and USD 12,272 mil in United Kingdom in 2024.
Iceland has been ranked 57th within the group of 98 countries we follow in terms of workers' remittances paid, 60 places above the position seen 10 years ago.
| Workers' Remittances, Paid (USD) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Belgium | USD mil | 5,611 | 5,349 | 6,067 | 7,063 | 7,878 | ||||||||||||||||
| Denmark | USD mil | 3,393 | 3,363 | 3,402 | 3,723 | 3,860 | ||||||||||||||||
| Finland | USD mil | 1,451 | 1,413 | 1,388 | 1,493 | 1,479 | ||||||||||||||||
| France | USD mil | 15,955 | 15,316 | 14,526 | 18,953 | 18,032 | ||||||||||||||||
| Germany | USD mil | 19,534 | 19,385 | 19,379 | 21,305 | 22,242 | ||||||||||||||||
| Iceland | USD mil | 356 | 377 | 281 | 323 | 353 | ||||||||||||||||
| Ireland | USD mil | 2,289 | 757 | 2,135 | 2,113 | 2,401 | ... | |||||||||||||||
| Netherlands | USD mil | 14,003 | 14,112 | 13,909 | 15,321 | 15,291 | ||||||||||||||||
| Norway | USD mil | 4,411 | 4,619 | 3,871 | 3,990 | 4,506 | ||||||||||||||||
| Russia | USD mil | 22,308 | 22,217 | 16,872 | 16,820 | 5,787 | ||||||||||||||||
| Sweden | USD mil | 3,689 | 3,368 | 3,152 | 3,845 | 3,939 | ||||||||||||||||
| United Kingdom | USD mil | 10,410 | 10,360 | 9,382 | 10,274 | 10,918 |
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