Iceland Unemployment Rate  1970-2017 | Data | Chart | Calendar | Forecast

The seasonally adjusted unemployment rate in Iceland rose to 3.6 percent in October 2017 from an upwardly revised 3.3 percent in the previous month. It was the second-highest jobless rate in 2017, as the number of unemployed increased by 800 to 7,300. In the meantime, the number of employed went up by 4,100 to 195,900, bringing the employment rate to 79.8 percent from 78.4 percent in September. The activity rate increased to 82.8 percent from 81.1 percent in the previous month. Unemployment Rate in Iceland averaged 2.44 percent from 1970 until 2017, reaching an all time high of 8.80 percent in April of 2011 and a record low of 0.10 percent in August of 1972.

Iceland Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-09-28 09:00 AM Unemployment Rate 2.7% 2.1% 2.2%
2017-10-26 09:00 AM Unemployment Rate 3% 2.6% 2.5%
2017-11-23 09:00 AM Unemployment Rate 3.6% 3.3% 2.1%
2017-12-21 09:00 AM Unemployment Rate 3.6% 2.3%
2018-01-26 09:00 AM Unemployment Rate
2018-02-23 09:00 AM Unemployment Rate


Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.30 8.80 0.10 percent [+]
Employed Persons 195900.00 191800.00 198600.00 136600.00 [+]
Unemployed Persons 7300.00 6500.00 16000.00 100.00 [+]
Labor Force Participation Rate 82.80 81.10 85.00 78.80 percent [+]
Long Term Unemployment Rate 0.50 0.60 1.70 0.10 percent [+]
Youth Unemployment Rate 6.10 9.90 21.40 2.60 percent [+]
Job Vacancies 150.00 208.00 1912.00 73.00 [+]
Wages 553000.00 511000.00 553000.00 380000.00 ISK/Month [+]
Wage Growth 6.00 5.30 11.60 -9.40 percent [+]
Population 0.34 0.33 0.34 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 37.70 47.40 47.50 28.00 Thousand [+]
Full Time Employment 148.30 132.50 148.30 97.00 Thousand [+]
Employment Rate 79.80 78.40 83.60 73.40 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.30 8.80 0.10 1970 - 2017 percent Monthly
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unemployment rate by Country
Country Last
Spain 16.38 Sep/17
Brazil 12.20 Oct/17
Italy 11.10 Oct/17
Turkey 10.60 Aug/17
France 9.70 Sep/17
Euro Area 8.80 Oct/17
Canada 5.90 Nov/17
Indonesia 5.50 Sep/17
Australia 5.40 Oct/17
Russia 5.10 Oct/17
Netherlands 4.50 Oct/17
United Kingdom 4.30 Sep/17
United States 4.10 Nov/17
China 3.95 Sep/17
Germany 3.60 Oct/17
South Korea 3.60 Oct/17
Mexico 3.50 Oct/17
India 3.46 Dec/16
Switzerland 3.10 Nov/17
Japan 2.80 Oct/17