The seasonally adjusted unemployment rate in Iceland rose to 3.3 percent in February 2019 from an upwardly revised 2.8 percent in the previous month, as the number of unemployed people increased by 900 to 6,700, while employment fell by 2,500 to 199,800. The activity rate dropped to 80.8 percent from 82.7 percent in January and the employment rate decreased to 78.1 percent from 80.4 percent. Unemployment Rate in Iceland averaged 2.45 percent from 1970 until 2019, reaching an all time high of 8.80 percent in November of 2010 and a record low of 0.10 percent in August of 1972.

Unemployment Rate in Iceland is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Iceland to stand at 2.60 in 12 months time. In the long-term, the Iceland Unemployment Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Iceland Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-04 09:00 AM Unemployment Rate 3.6% 3.1% 2.20%
2019-01-24 09:00 AM Unemployment Rate 1.7% 3.5% 3.50%
2019-02-21 09:00 AM Unemployment Rate 2.7% 1.7% 3.20%
2019-03-28 09:00 AM Unemployment Rate 3.3% 2.8% 2.4%
2019-04-26 09:00 AM Unemployment Rate 3.3% 3%
2019-05-23 09:00 AM Unemployment Rate 3.4%
2019-06-27 09:00 AM Unemployment Rate 2.2%


Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 2.80 8.80 0.10 percent [+]
Employed Persons 199800.00 202300.00 202300.00 136600.00 [+]
Unemployed Persons 6700.00 5800.00 16100.00 100.00 [+]
Labor Force Participation Rate 80.80 82.70 84.90 77.70 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 7.70 8.70 21.30 3.10 percent [+]
Job Vacancies 185.00 149.00 1912.00 47.00 [+]
Wages 652000.00 613000.00 652000.00 380000.00 ISK/Month [+]
Wage Growth 2.30 2.20 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 44.60 36.30 47.50 28.00 Thousand [+]
Full Time Employment 144.40 155.20 155.20 97.00 Thousand [+]
Employment Rate 78.10 80.40 83.20 73.30 percent [+]


Iceland Unemployment Rate

In Iceland, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Iceland Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 2.80 8.80 0.10 1970 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.70 Mar/19
Turkey 14.70 Jan/19
Brazil 12.40 Feb/19
Italy 10.70 Feb/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Feb/19
Saudi Arabia 6.00 Dec/18
Canada 5.80 Mar/19
Indonesia 5.34 Sep/18
Australia 5.00 Mar/19
Russia 4.70 Mar/19
United Kingdom 3.90 Feb/19
China 3.80 Dec/18
South Korea 3.80 Mar/19
United States 3.80 Mar/19
India 3.53 Dec/18
Netherlands 3.30 Mar/19
Mexico 3.20 Mar/19
Germany 3.10 Feb/19
Japan 2.50 Mar/19
Switzerland 2.50 Mar/19
Singapore 2.20 Mar/19


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