Labor Force Participation Rate in Iceland increased to 79.70 percent in November from 79 percent in October of 2020. source: Statistics Iceland

Labor Force Participation Rate in Iceland averaged 81.76 percent from 2003 until 2020, reaching an all time high of 85.40 percent in November of 2016 and a record low of 75.60 percent in April of 2020. This page provides the latest reported value for - Iceland Labor Force Participation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Labor Force Participation Rate - values, historical data and charts - was last updated on January of 2021.

Labor Force Participation Rate in Iceland is expected to be 81.74 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Iceland to stand at 81.75 in 12 months time. In the long-term, the Iceland Labor Force Participation Rate is projected to trend around 81.75 percent in 2021, according to our econometric models.

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Iceland Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
79.70 79.00 85.40 75.60 2003 - 2020 percent Monthly
SA

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.10 6.80 9.10 0.10 percent [+]
Employed Persons 191600.00 198500.00 206700.00 136600.00 [+]
Unemployed Persons 13600.00 9900.00 16700.00 100.00 [+]
Labor Force Participation Rate 79.70 79.00 85.40 75.60 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 10.50 11.40 27.70 2.70 percent [+]
Job Vacancies 154.00 175.00 1912.00 47.00 [+]
Wages 669000.00 653000.00 669000.00 380000.00 ISK/Month [+]
Wage Growth 3.10 3.20 11.60 -9.40 percent [+]
Population 0.36 0.35 0.36 0.17 Million [+]
Retirement Age Women 67.00 67.00 67.00 67.00 [+]
Retirement Age Men 67.00 67.00 67.00 67.00 [+]
Part Time Employment 39.10 39.60 47.50 28.00 Thousand [+]
Employment Rate 75.00 75.50 82.50 71.50 percent [+]
Full Time Employment 152.70 143.40 156.20 97.00 Thousand [+]


Iceland Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.