Long Term Unemployment Rate in Iceland decreased to 0.30 percent in 2017 from 0.50 percent in 2015.

Long Term Unemployment Rate in Iceland averaged 0.61 percent from 2003 until 2017, reaching an all time high of 1.70 percent in 2011 and a record low of 0.10 percent in 2008. This page provides the latest reported value for - Iceland Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Long Term Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Long Term Unemployment Rate in Iceland is expected to reach 0.30 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Long Term Unemployment Rate is projected to trend around 0.20 percent in 2021 and -0.80 percent in 2022, according to our econometric models.

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Iceland Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.50 1.70 0.10 2003 - 2017 percent Yearly

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.00 6.40 9.10 0.10 percent [+]
Employed Persons 196000.00 194800.00 203600.00 136600.00 [+]
Unemployed Persons 12400.00 12600.00 16700.00 100.00 [+]
Labor Force Participation Rate 80.80 79.90 84.90 75.40 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 9.80 12.50 21.60 2.60 percent [+]
Job Vacancies 206.00 177.00 1912.00 47.00 [+]
Wages 669000.00 653000.00 669000.00 380000.00 ISK/Month [+]
Wage Growth 4.00 3.80 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 39.60 46.20 47.50 28.00 Thousand [+]
Employment Rate 76.30 75.70 82.90 70.20 percent [+]
Full Time Employment 143.40 142.30 156.20 97.00 Thousand [+]


Iceland Long Term Unemployment Rate
In Iceland, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.