Foreign aid spent in recipient countries in Iceland
Iceland: Foreign aid spent in recipient countries was 85.25 million constant 2024 US$ in 2024. ▲ Rising
Foreign aid spent in recipient countries in Iceland, 2011–2024
Source: OECD (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
In 2024, foreign aid spent in recipient countries in Iceland stood at 85.25 million constant 2024 US$.
That represents a change of down 8.5% on the previous year and up 94.5% over ten years.
Over the whole period, foreign aid spent in recipient countries in Iceland peaked at 93.20 million constant 2024 US$ in 2023 and was at its lowest, 35.23 million constant 2024 US$, in 2011.
Iceland ranks 37th of 43 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Foreign aid spent in recipient countries in Iceland, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 2011 | 35.23 million constant 2024 US$ | — |
| 2012 | 37.67 million constant 2024 US$ | +6.9% |
| 2013 | 48.01 million constant 2024 US$ | +27.5% |
| 2014 | 43.83 million constant 2024 US$ | -8.7% |
| 2015 | 47.08 million constant 2024 US$ | +7.4% |
| 2016 | 51.36 million constant 2024 US$ | +9.1% |
| 2017 | 48.02 million constant 2024 US$ | -6.5% |
| 2018 | 57.85 million constant 2024 US$ | +20.5% |
| 2019 | 50.49 million constant 2024 US$ | -12.7% |
| 2020 | 54.72 million constant 2024 US$ | +8.4% |
| 2021 | 62.73 million constant 2024 US$ | +14.6% |
| 2022 | 82.94 million constant 2024 US$ | +32.2% |
| 2023 | 93.20 million constant 2024 US$ | +12.4% |
| 2024 | 85.25 million constant 2024 US$ | -8.5% |
Iceland compared with similar countries
- Iceland's 85.25 million constant 2024 US$ is below the median for high income countries, which is 1.30 billion constant 2024 US$, 7% of the median. (40 countries reporting)
- Iceland's 85.25 million constant 2024 US$ is below the median for Europe & Central Asia, which is 554.34 million constant 2024 US$, 15% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 46.62 million constant 2024 US$ | 35.23 million constant 2024 US$ | 57.85 million constant 2024 US$ | 9 |
| 2020s | 75.77 million constant 2024 US$ | 54.72 million constant 2024 US$ | 93.20 million constant 2024 US$ | 5 |
Countries ranked near Iceland
- 34 Bulgaria 141.02 million constant 2024 US$ compare
- 35 Slovenia 135.93 million constant 2024 US$ compare
- 36 Hungary 105.01 million constant 2024 US$ compare
- 38 Estonia 73.59 million constant 2024 US$ compare
- 39 Latvia 71.81 million constant 2024 US$ compare
- 40 Azerbaijan 59.58 million constant 2024 US$ compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is foreign aid spent in recipient countries in Iceland?
- Foreign aid spent in recipient countries in Iceland was 85.25 million constant 2024 US$ in 2024, according to OECD (2026) – with minor processing by Our World in Data.
- What is the highest foreign aid spent in recipient countries recorded in Iceland?
- The highest recorded value was 93.20 million constant 2024 US$ in 2023.
- What is the lowest foreign aid spent in recipient countries recorded in Iceland?
- The lowest recorded value was 35.23 million constant 2024 US$ in 2011.
- How does Iceland rank for foreign aid spent in recipient countries?
- Iceland ranks 37th out of 43 countries with data for 2024.
- Is foreign aid spent in recipient countries rising or falling in Iceland?
- Over the last ten years it is up 94.5%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from OECD (2026) – with minor processing by Our World in Data, published as part of Foreign aid spent in recipient countries. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Official development assistance component that represents overseas aid. Monetary aid is estimated as net disbursements. This data is expressed in US dollars. It is adjusted for inflation.