Labor Force Participation Rate in Iceland decreased to 78.10 percent in March from 78.20 percent in February of 2021. source: Statistics Iceland

Labor Force Participation Rate in Iceland averaged 80.03 percent from 2003 until 2021, reaching an all time high of 83.30 percent in January of 2007 and a record low of 74 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 May 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 2022, according to our econometric models.

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Iceland Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
78.10 78.20 83.30 74.00 2003 - 2021 percent Monthly
SA

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.30 6.40 9.80 0.10 percent [+]
Employed Persons 188900.00 189600.00 198300.00 136600.00 [+]
Unemployed Persons 17000.00 13100.00 18100.00 100.00 [+]
Labor Force Participation Rate 78.10 78.20 83.30 74.00 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 15.90 15.90 28.50 1.80 percent [+]
Job Vacancies 1583.00 343.00 1912.00 47.00 [+]
Wages 695000.00 674000.00 695000.00 380000.00 ISK/Month [+]
Wage Growth 6.00 6.20 11.60 -9.40 percent [+]
Population 0.36 0.36 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 39.10 47.50 28.00 Thousand [+]
Employment Rate 71.80 72.10 80.60 68.20 percent [+]
Full Time Employment 131.80 152.70 156.20 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.