Labor Force Participation Rate in Iceland increased to 81 percent in January from 80.70 percent in December of 2019.

Labor Force Participation Rate in Iceland averaged 81.88 percent from 2003 until 2020, reaching an all time high of 84.90 percent in November of 2016 and a record low of 77.70 percent in November of 2011. 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 April of 2020.

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
81.00 80.70 84.90 77.70 2003 - 2020 percent Monthly
SA

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.00 3.40 9.10 0.10 percent [+]
Employed Persons 202700.00 202200.00 203600.00 136600.00 [+]
Unemployed Persons 7000.00 7300.00 16700.00 100.00 [+]
Labor Force Participation Rate 81.00 80.70 84.90 77.70 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 7.60 14.80 21.60 2.60 percent [+]
Job Vacancies 132.00 120.00 1912.00 47.00 [+]
Wages 669000.00 653000.00 669000.00 380000.00 ISK/Month [+]
Wage Growth 1.50 1.30 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 38.70 37.00 47.50 28.00 Thousand [+]
Employment Rate 78.00 77.60 82.90 73.20 percent [+]
Full Time Employment 152.70 156.20 156.20 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.