Foreign aid given as grants and concessional loans in Iceland
Iceland: Foreign aid given as grants and concessional loans was 110.22 million constant 2024 US$ in 2024. ◆ Volatile
Foreign aid given as grants and concessional loans in Iceland, 1990–2024
Source: OECD (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
In 2024, foreign aid given as grants and concessional loans in Iceland stood at 110.22 million constant 2024 US$.
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 constant 2024 US$ in 2023 and was at its lowest, 3.88 million constant 2024 US$, in 1990.
Iceland ranks 40th of 49 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign aid given as grants and concessional loans in Iceland, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1990 | 3.88 million constant 2024 US$ | — |
| 1991 | 15.41 million constant 2024 US$ | +297.5% |
| 1992 | 8.93 million constant 2024 US$ | -42.0% |
| 1993 | 14.02 million constant 2024 US$ | +57.0% |
| 1994 | 12.67 million constant 2024 US$ | -9.7% |
| 1997 | 15.42 million constant 2024 US$ | +21.7% |
| 1998 | 13.50 million constant 2024 US$ | -12.4% |
| 1999 | 14.06 million constant 2024 US$ | +4.1% |
| 2000 | 16.75 million constant 2024 US$ | +19.1% |
| 2001 | 21.57 million constant 2024 US$ | +28.8% |
| 2002 | 24.84 million constant 2024 US$ | +15.2% |
| 2003 | 28.90 million constant 2024 US$ | +16.3% |
| 2004 | 31.02 million constant 2024 US$ | +7.3% |
| 2005 | 34.61 million constant 2024 US$ | +11.6% |
| 2006 | 53.90 million constant 2024 US$ | +55.7% |
| 2007 | 55.07 million constant 2024 US$ | +2.2% |
| 2008 | 69.91 million constant 2024 US$ | +26.9% |
| 2009 | 60.72 million constant 2024 US$ | -13.1% |
| 2010 | 47.17 million constant 2024 US$ | -22.3% |
| 2011 | 38.52 million constant 2024 US$ | -18.3% |
| 2012 | 40.98 million constant 2024 US$ | +6.4% |
| 2013 | 52.15 million constant 2024 US$ | +27.3% |
| 2014 | 49.81 million constant 2024 US$ | -4.5% |
| 2015 | 56.55 million constant 2024 US$ | +13.5% |
| 2016 | 74.80 million constant 2024 US$ | +32.3% |
| 2017 | 75.74 million constant 2024 US$ | +1.2% |
| 2018 | 82.11 million constant 2024 US$ | +8.4% |
| 2019 | 73.43 million constant 2024 US$ | -10.6% |
| 2020 | 73.24 million constant 2024 US$ | -0.3% |
| 2021 | 79.16 million constant 2024 US$ | +8.1% |
| 2022 | 103.26 million constant 2024 US$ | +30.4% |
| 2023 | 117.38 million constant 2024 US$ | +13.7% |
| 2024 | 110.22 million constant 2024 US$ | -6.1% |
Iceland compared with similar countries
- Iceland's 110.22 million constant 2024 US$ is below the median for high income countries, which is 1.21 billion constant 2024 US$, 9% of the median. (44 countries reporting)
- Iceland's 110.22 million constant 2024 US$ is below the median for Europe & Central Asia, which is 656.60 million constant 2024 US$, 17% of the median. (35 countries reporting)
Biggest year-on-year movements
Years where Foreign aid given as grants and concessional loans in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | +297.5% | 3.88 million constant 2024 US$ | 15.41 million constant 2024 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.24 million constant 2024 US$ | 3.88 million constant 2024 US$ | 15.42 million constant 2024 US$ | 8 |
| 2000s | 39.73 million constant 2024 US$ | 16.75 million constant 2024 US$ | 69.91 million constant 2024 US$ | 10 |
| 2010s | 59.13 million constant 2024 US$ | 38.52 million constant 2024 US$ | 82.11 million constant 2024 US$ | 10 |
| 2020s | 96.65 million constant 2024 US$ | 73.24 million constant 2024 US$ | 117.38 million constant 2024 US$ | 5 |
Countries ranked near Iceland
- 37 Slovenia 164.92 million constant 2024 US$ compare
- 38 Hungary 163.59 million constant 2024 US$ compare
- 39 Bulgaria 144.23 million constant 2024 US$ compare
- 41 Latvia 88.24 million constant 2024 US$ compare
- 42 Estonia 83.73 million constant 2024 US$ compare
- 43 Kuwait 79.59 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 given as grants and concessional loans in Iceland?
- Foreign aid given as grants and concessional loans in Iceland was 110.22 million constant 2024 US$ in 2024, according to OECD (2026) – with minor processing by 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 constant 2024 US$ 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 constant 2024 US$ 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 OECD (2026) – with minor processing by 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).
About this data
Official development assistance component that represents grants. Monetary aid is estimated as net disbursements. This data is expressed in US dollars. It is adjusted for inflation.