Labor Force Participation Rate in Iceland increased to 79.80 percent in October from 79.50 percent in September of 2022. source: Statistics Iceland

Labor Force Participation Rate in Iceland averaged 79.99 percent from 2003 until 2022, reaching an all time high of 82.80 percent in October of 2006 and a record low of 73.10 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 December of 2022.

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. In the long-term, the Iceland Labor Force Participation Rate is projected to trend around 81.75 percent in 2023, according to our econometric models.

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Iceland Labor Force Participation Rate

Related Last Previous Unit Reference
Unemployment Rate 2.80 3.60 percent Oct 2022
Employed Persons 211700.00 210500.00 Oct 2022
Unemployed Persons 6200.00 7900.00 Oct 2022
Labor Force Participation Rate 79.80 79.50 percent Oct 2022
Youth Unemployment Rate 7.70 5.80 percent Oct 2022
Wages 770000.00 730000.00 ISK/Month Dec 2021
Wage Growth -1.40 -1.10 percent Oct 2022
Employment Rate 77.50 76.60 percent Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
79.80 79.50 82.80 73.10 2003 - 2022 percent Monthly