Foreign aid given as grants and concessional loans in Iceland

Iceland: Foreign aid given as grants and concessional loans was 110.22 million in 2024. ◆ Volatile

Latest (2024)
110.22 million
Change on year
down 6.1%
World rank
40th
of 49 countries
All-time high
117.38 million
in 2023
All-time low
3.88 million
in 1990
Years of data
33
1990–2024

Foreign aid given as grants and concessional loans in Iceland, 1990–2024

025.0M50.0M75.0M100.0M125.0M1990200720241990: 3.9M1991: 15.4M1992: 8.9M1993: 14.0M1994: 12.7M1997: 15.4M1998: 13.5M1999: 14.1M2000: 16.7M2001: 21.6M2002: 24.8M2003: 28.9M2004: 31.0M2005: 34.6M2006: 53.9M2007: 55.1M2008: 69.9M2009: 60.7M2010: 47.2M2011: 38.5M2012: 41.0M2013: 52.2M2014: 49.8M2015: 56.5M2016: 74.8M2017: 75.7M2018: 82.1M2019: 73.4M2020: 73.2M2021: 79.2M2022: 103.3M2023: 117.4M2024: 110.2M

Source: Our World in Data.

Analysis

In 2024, foreign aid given as grants and concessional loans in Iceland stood at 110.22 million.

The figure is down 6.1% on the previous year and up 121.3% over ten years.

Over the whole period, foreign aid given as grants and concessional loans in Iceland peaked at 117.38 million in 2023 and was at its lowest, 3.88 million, in 1990.

Iceland ranks 40th of 49 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Foreign aid given as grants and concessional loans in Iceland, year by year

Annual values for Foreign aid given as grants and concessional loans in Iceland, 1990 to 2024.
Year Value Change
1990 3.88 million —
1991 15.41 million +297.5%
1992 8.93 million -42.0%
1993 14.02 million +57.0%
1994 12.67 million -9.7%
1997 15.42 million +21.7%
1998 13.50 million -12.4%
1999 14.06 million +4.1%
2000 16.75 million +19.1%
2001 21.57 million +28.8%
2002 24.84 million +15.2%
2003 28.90 million +16.3%
2004 31.02 million +7.3%
2005 34.61 million +11.6%
2006 53.90 million +55.7%
2007 55.07 million +2.2%
2008 69.91 million +26.9%
2009 60.72 million -13.1%
2010 47.17 million -22.3%
2011 38.52 million -18.3%
2012 40.98 million +6.4%
2013 52.15 million +27.3%
2014 49.81 million -4.5%
2015 56.55 million +13.5%
2016 74.80 million +32.3%
2017 75.74 million +1.2%
2018 82.11 million +8.4%
2019 73.43 million -10.6%
2020 73.24 million -0.3%
2021 79.16 million +8.1%
2022 103.26 million +30.4%
2023 117.38 million +13.7%
2024 110.22 million -6.1%

Iceland compared with similar countries

  • Iceland's 110.22 million is below the median for high income countries, which is 1.21 billion, 9% of the median. (44 countries reporting)
  • Iceland's 110.22 million is below the median for Europe & Central Asia, which is 656.60 million, 17% of the median. (35 countries reporting)

Biggest year-on-year movements

Years where Foreign aid given as grants and concessional loans in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1991 +297.5% 3.88 million 15.41 million

Averages by decade

DecadeAverage LowestHighest Years
1990s 12.24 million 3.88 million 15.42 million 8
2000s 39.73 million 16.75 million 69.91 million 10
2010s 59.13 million 38.52 million 82.11 million 10
2020s 96.65 million 73.24 million 117.38 million 5

Countries ranked near Iceland

  1. 37 Slovenia 164.92 million compare
  2. 38 Hungary 163.59 million compare
  3. 39 Bulgaria 144.23 million compare
  4. 41 Latvia 88.24 million compare
  5. 42 Estonia 83.73 million compare
  6. 43 Kuwait 79.59 million compare

See the full ranking of 49 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is foreign aid given as grants and concessional loans in Iceland?
Foreign aid given as grants and concessional loans in Iceland was 110.22 million in 2024, according to Our World in Data.
What is the highest foreign aid given as grants and concessional loans recorded in Iceland?
The highest recorded value was 117.38 million in 2023.
What is the lowest foreign aid given as grants and concessional loans recorded in Iceland?
The lowest recorded value was 3.88 million in 1990.
How does Iceland rank for foreign aid given as grants and concessional loans?
Iceland ranks 40th out of 49 countries with data for 2024.
Is foreign aid given as grants and concessional loans rising or falling in Iceland?
Over the last ten years it is up 121.3%. The long-run trend across the full record is volatile.
Where does this Iceland data come from?
The figures come from Our World in Data, published as part of Foreign aid given as grants and concessional loans. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 33 observations, free to reuse under CC BY 4.0 (Our World in Data).

Share, cite or embed this page

Cite this page

Foreign aid given as grants and concessional loans in Iceland. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/foreign-aid-given-as-grants-and-concessional-loans/iceland/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (Our World in Data); please keep the attribution.

<a href="https://reference.statizoid.com/stat/foreign-aid-given-as-grants-and-concessional-loans/iceland/">Foreign aid given as grants and concessional loans in Iceland</a> — Statizoid

About this data

Indicator
Foreign aid given as grants and concessional loans
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
49 places, 2,011 data points, 1960–2024
Last refreshed