Iceland Unemployment Rate  1970-2018 | Data | Chart | Calendar | Forecast

The seasonally adjusted unemployment rate in Iceland increased to 3.7 percent in July 2018 from an upwardly revised 3.5 percent in June. The number of unemployed went up by 600 to 7,700 and employment increased by 4,300 to 198,700. The number of people in the labour force went up by 4,900 to 206,400, bringing the activity rate to 81.9 percent (vs 80.9 percent in June). Youth unemployment rate, measuring job-seekers between 16 and 24 years old, rose to 13.6 percent in July from 10.1 percent in June. Unemployment Rate in Iceland averaged 2.45 percent from 1970 until 2018, reaching an all time high of 8.90 percent in November of 2010 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
2018-06-28 09:00 AM Unemployment Rate 2.3% 3.5% 3%
2018-08-09 09:00 AM Unemployment Rate 3.4% 1.6% 2.7%
2018-08-23 09:00 AM Unemployment Rate 3.7% 3.5% 2.8%
2018-09-27 09:00 AM Unemployment Rate 3.7% 3.6%
2018-10-25 09:00 AM Unemployment Rate 3.8%
2018-11-22 09:00 AM Unemployment Rate 3.7%


Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.50 8.90 0.10 percent [+]
Employed Persons 198700.00 194400.00 201100.00 136600.00 [+]
Unemployed Persons 7700.00 7100.00 16200.00 100.00 [+]
Labor Force Participation Rate 81.90 80.90 85.60 77.50 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 13.60 10.10 21.20 3.10 percent [+]
Job Vacancies 146.00 151.00 1912.00 71.00 [+]
Wages 615000.00 555000.00 615000.00 380000.00 ISK/Month [+]
Wage Growth 3.50 3.30 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 44.10 45.10 47.50 28.00 Thousand [+]
Full Time Employment 139.40 138.10 148.30 97.00 Thousand [+]
Employment Rate 78.80 78.10 84.20 73.00 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.50 8.90 0.10 1970 - 2018 percent Monthly
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unemployment rate by Country
Country Last
South Africa 27.20 Jun/18
Spain 15.30 Jun/18
Brazil 12.30 Jul/18
Italy 10.40 Jul/18
Turkey 10.20 Jun/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.20 Jul/18
Saudi Arabia 6.10 Mar/18
Canada 6.00 Aug/18
Australia 5.30 Aug/18
Indonesia 5.13 Mar/18
Russia 4.60 Aug/18
South Korea 4.20 Aug/18
United Kingdom 4.00 Jul/18
Netherlands 3.90 Aug/18
United States 3.90 Aug/18
China 3.83 Jun/18
India 3.52 Dec/17
Mexico 3.50 Jul/18
Germany 3.40 Jul/18
Japan 2.50 Jul/18
Switzerland 2.40 Aug/18
Singapore 2.10 Jun/18


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