Foreign aid given in Iceland
Iceland: Foreign aid given was 114.19 million constant 2024 US$ in 2025. ◆ Volatile
Foreign aid given in Iceland, 1990–2025
Source: OECD (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.
Analysis
Iceland recorded 114.19 million constant 2024 US$ for foreign aid given in 2025.
That represents a change of up 3.6% on the previous year and up 97.6% over ten years.
Over the whole period, foreign aid given in Iceland peaked at 117.37 million constant 2024 US$ in 2023 and was at its lowest, 3.88 million constant 2024 US$, in 1990.
That places Iceland 40th out of 50 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign aid given in Iceland, year by year
| Year | constant 2024 US$ | 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 | 38.50 million constant 2024 US$ | -18.4% |
| 2012 | 40.96 million constant 2024 US$ | +6.4% |
| 2013 | 52.15 million constant 2024 US$ | +27.3% |
| 2014 | 51.12 million constant 2024 US$ | -2.0% |
| 2015 | 57.79 million constant 2024 US$ | +13.1% |
| 2016 | 75.94 million constant 2024 US$ | +31.4% |
| 2017 | 76.85 million constant 2024 US$ | +1.2% |
| 2018 | 82.12 million constant 2024 US$ | +6.9% |
| 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 | 117.37 million constant 2024 US$ | +13.7% |
| 2024 | 110.19 million constant 2024 US$ | -6.1% |
| 2025 | 114.19 million constant 2024 US$ | +3.6% |
Iceland compared with similar countries
- Iceland's 114.19 million constant 2024 US$ is below the median for high income countries, which is 1.04 billion constant 2024 US$, 11% of the median. (45 countries reporting)
- Iceland's 114.19 million constant 2024 US$ is below the median for Europe & Central Asia, which is 581.97 million constant 2024 US$, 20% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Foreign aid given in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | +297.5% | 3.88 million constant 2024 US$ | 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 | 59.60 million constant 2024 US$ | 38.50 million constant 2024 US$ | 82.12 million constant 2024 US$ | 10 |
| 2020s | 99.57 million constant 2024 US$ | 73.24 million constant 2024 US$ | 117.37 million constant 2024 US$ | 6 |
Countries ranked near Iceland
- 37 Lithuania 177.79 million constant 2024 US$ compare
- 38 Slovenia 157.97 million constant 2024 US$ compare
- 39 Bulgaria 125.12 million constant 2024 US$ compare
- 41 Estonia 82.02 million constant 2024 US$ compare
- 42 Latvia 80.27 million constant 2024 US$ compare
- 43 Thailand 65.76 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 in Iceland?
- Foreign aid given in Iceland was 114.19 million constant 2024 US$ in 2025, according to OECD (2026) – with major processing by Our World in Data.
- What is the highest foreign aid given recorded in Iceland?
- The highest recorded value was 117.37 million constant 2024 US$ in 2023.
- What is the lowest foreign aid given recorded in Iceland?
- The lowest recorded value was 3.88 million constant 2024 US$ in 1990.
- How does Iceland rank for foreign aid given?
- Iceland ranks 40th out of 50 countries with data for 2025.
- Is foreign aid given rising or falling in Iceland?
- Over the last ten years it is up 97.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from OECD (2026) – with major processing by Our World in Data, published as part of Foreign aid given. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Official development assistance (ODA) is defined as government aid designed to promote the economic development and welfare of developing countries. Grants by private voluntary agencies and non-government organizations (NGOs) are defined as transfers for development made by private voluntary agencies and NGOs in cash, goods or services for which no payment is required. Monetary aid is estimated as net disbursements. This data is expressed in US dollars. It is adjusted for inflation.