Greece's net secondary income (net current transfers from abroad) (current US$) was US$2.67 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 356.18% from −US$1.04 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$2.67 billion | 2024 |
| Five years earlier | US$506.78 million | 2019 |
| Ten years earlier | −US$1.04 billion | 2014 |
| Highest | US$2.67 billion | 2024 |
| Lowest | −US$1.97 billion | 2011 |
| Average since 2015 | US$145.27 million | 2015–2024 |
| First recorded | US$228.45 million |
What the numbers say
In 2024, Greece's net secondary income (net current transfers from abroad) (current US$) rose US$2.97 billion on 2023 (from −US$296.45 million to US$2.67 billion).
Across the 17 yearly changes before that (2007 to 2023), the average change was −US$30.88 million and a typical year strayed about US$1.25 billion from that (the standard deviation). This year's change was 2.4 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$2.97 billion in 2024 and the biggest yearly fall was US$3.01 billion in 2014. 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 upward, about US$219.47 million a year. A straight line explains 46% 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, Greece had the 7th 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 Greece in the 2024 ranking
- Afghanistan — 4th of 54: US$5.89 billion
- Tunisia — 5th of 54: US$3.24 billion
- Zimbabwe — 6th of 54: US$3.13 billion
- Algeria — 8th of 54: US$2.55 billion
- Botswana — 9th of 54: US$2.06 billion
- Tajikistan — 10th of 54: US$1.72 billion
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 19 values
| Year | Net secondary income (net current transfers from abroad) (current US$) |
|---|---|
| 2024 | 2,671,450,294 |
| 2023 | -296,452,501 |
| 2022 | 377,881,239 |
| 2021 | -112,385,167 |
| 2020 | 304,027,476 |
| 2019 | 506,779,394 |
| 2018 | -510,443,968 |
| 2017 | -199,622,572 |
| 2016 | -615,828,868 |
| 2015 | -672,689,899 |
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$1.49 billion (2025)
- Croatia
More economic policy & debt data for Greece
- Total reserves, including gold (current US$) — US$24.05 billion (2025)
- Total reserves, excluding gold (current US$) — US$7.94 billion (2025)
- General government final consumption expenditure (current US$) — US$51.18 billion (2025)
- General government final consumption expenditure (current LCU) — 45.29 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$41.73 billion (2025)
- General government final consumption expenditure (constant LCU) — 39.07 billion (2025)
- General government final consumption expenditure (% of GDP) — 18.24% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$193.78 billion (2025)
Reading data like this
Questions people ask
- What is Greece's net secondary income (net current transfers from abroad) (current US$)?
- US$2.67 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 1,069% from US$228.45 million in 2006 (14.64% a year on average, compounded). The highest value was US$2.67 billion in 2024 and the lowest −US$1.97 billion in 2011.
- How does Greece rank?
- 7th highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current US$) unusual for Greece?
- In 2024, Greece's net secondary income (net current transfers from abroad) (current US$) rose US$2.97 billion on 2023 (from −US$296.45 million to US$2.67 billion). Across the 17 yearly changes before that (2007 to 2023), the average change was −US$30.88 million and a typical year strayed about US$1.25 billion from that (the standard deviation). This year's change was 2.4 standard deviations above that average, so it was unusually large compared with the rest of the record.
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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