Wages in Iceland increased 1.50 percent in November of 2019 over the same month in the previous year. Wage Growth in Iceland averaged 1.94 percent from 1990 until 2019, 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.


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Iceland Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.30 11.60 -9.40 1990 - 2019 percent Monthly
2000=100, NSA


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

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 3.60 9.10 0.10 percent [+]
Employed Persons 197900.00 201800.00 203600.00 136600.00 [+]
Unemployed Persons 8200.00 7400.00 16700.00 100.00 [+]
Labor Force Participation Rate 79.40 82.00 84.90 77.70 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 15.40 12.40 21.60 2.60 percent [+]
Job Vacancies 68.00 65.00 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 0.35 0.34 0.35 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 [+]
Full Time Employment 152.70 156.20 156.20 97.00 Thousand [+]
Employment Rate 77.20 77.60 82.90 73.20 percent [+]