Labor Force Participation Rate in Iceland increased to 81.10 percent in May from 80 percent in April of 2026. Labor Force Participation Rate in Iceland averaged 80.21 percent from 2003 until 2026, reaching an all time high of 84.50 percent in August of 2024 and a record low of 74.00 percent in April of 2020. source: Statistics Iceland



Related Last Previous Unit Reference
Employed Persons 222300.00 220500.00 May 2026
Employment Rate 76.50 75.50 percent May 2026
Labor Force Participation Rate 81.10 80.00 percent May 2026
Unemployed Persons 13100.00 13100.00 May 2026
Unemployment Rate 5.60 5.60 percent May 2026
Real Wage Growth 0.80 1.20 percent May 2026
Wages 982000.00 912000.00 ISK/Month Dec 2025
Youth Unemployment Rate 13.00 12.90 percent May 2026


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
81.10 80.00 84.50 74.00 2003 - 2026 percent Monthly
SA