Wages in Iceland increased 2.80 percent in March of 2020 over the same month in the previous year.

Wage Growth in Iceland averaged 1.95 percent from 1990 until 2020, reaching an all time high of 11.60 percent in March of 2016 and a record low of -9.40 percent in January of 2009. This page provides the latest reported value for - Iceland Real Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Real Wage Growth - values, historical data and charts - was last updated on July of 2020.

Wage Growth in Iceland is expected to be 3.22 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Iceland to stand at 3.22 in 12 months time. In the long-term, the Iceland Real Wage Growth is projected to trend around 3.22 percent in 2021, according to our econometric models.

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Iceland Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.30 11.60 -9.40 1990 - 2020 percent Monthly
2000=100, NSA

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.90 5.30 9.10 0.10 percent [+]
Employed Persons 190500.00 183200.00 203600.00 136600.00 [+]
Unemployed Persons 14300.00 11300.00 16700.00 100.00 [+]
Labor Force Participation Rate 79.50 75.40 84.90 75.40 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 11.00 14.20 21.60 2.60 percent [+]
Job Vacancies 266.00 145.00 1912.00 47.00 [+]
Wages 669000.00 653000.00 669000.00 380000.00 ISK/Month [+]
Wage Growth 2.80 2.30 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 43.20 38.70 47.50 28.00 Thousand [+]
Employment Rate 72.80 70.20 82.90 70.20 percent [+]
Full Time Employment 146.10 152.70 156.20 97.00 Thousand [+]


Iceland Real Wage Growth
In Iceland, real wage growth refers to the change in the wage index deflated by the CPI.