Czechia's net secondary income (net current transfers from abroad) (current US$) was −US$3.45 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 119.78% from −US$1.57 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$3.45 billion | 2024 |
| Five years earlier | −US$1.77 billion | 2019 |
| Ten years earlier | −US$1.57 billion | 2014 |
| Highest | US$287.38 million | 1995 |
| Lowest | −US$3.83 billion | 2023 |
| Average since 2015 | −US$2.52 billion | 2015–2024 |
| First recorded | −US$329.86 million |
What the numbers say
In 2024, Czechia's net secondary income (net current transfers from abroad) (current US$) rose US$385.2 million on 2023 (from −US$3.83 billion to −US$3.45 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$131.99 million and a typical year strayed about US$399.52 million from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$701.72 million in 2022 and the biggest yearly fall was US$1.02 billion in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about US$300.48 million a year. A straight line explains 84% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Czechia had the 44th highest value of the 54 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Czechia in the 2024 ranking
- New Zealand — 40th of 54: −US$754.1 million
- Hungary — 41st of 54: −US$1.44 billion
- Austria — 42nd of 54: −US$3.4 billion
- Macao SAR, China — 44th of 54: −US$3.65 billion
- Ireland — 45th of 54: −US$4.66 billion
- Oman — 46th of 54: −US$9.29 billion
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 33 values
| Year | Net secondary income (net current transfers from abroad) (current US$) |
|---|---|
| 2024 | -3,446,981,716 |
| 2023 | -3,832,177,703 |
| 2022 | -3,068,245,066 |
| 2021 | -3,769,968,248 |
| 2020 | -2,793,722,601 |
| 2019 | -1,769,473,122 |
| 2018 | -2,057,808,168 |
| 2017 | -1,738,638,794 |
| 2016 | -1,748,778,467 |
| 2015 | -981,838,508 |
Net secondary income (net current transfers from abroad) (current US$) in nearby economies
- Albania — US$1.53 billion (2025)
- Armenia — US$347.93 million (2025)
- Austria — −US$3.4 billion (2024)
- Azerbaijan — US$742.14 million (2025)
- Belarus — US$1.08 billion (2025)
- Belgium — −US$10.98 billion (2024)
- Bosnia and Herzegovina — US$3.23 billion (2025)
- Bulgaria — US$1.49 billion (2025)
- Croatia
More economic policy & debt data for Czechia
- Adjusted savings, education expenditure (% of GNI) — 4.3% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Adjusted savings, energy depletion (current US$) — US$128.95 million (2021)
- Net financial flows, IBRD (NFL, current US$) — US$0 (2016)
- General government final consumption expenditure (current US$) — US$78.27 billion (2025)
- General government final consumption expenditure (current LCU) — 1.71 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$45.69 billion (2025)
- General government final consumption expenditure (constant LCU) — 1.38 trillion (2025)
Reading data like this
Questions people ask
- What is Czechia's net secondary income (net current transfers from abroad) (current US$)?
- −US$3.45 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is down 945% from −US$329.86 million in 1992. The highest value was US$287.38 million in 1995 and the lowest −US$3.83 billion in 2023.
- How does Czechia rank?
- 44th highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current US$) unusual for Czechia?
- In 2024, Czechia's net secondary income (net current transfers from abroad) (current US$) rose US$385.2 million on 2023 (from −US$3.83 billion to −US$3.45 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$131.99 million and a typical year strayed about US$399.52 million from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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