Iceland Unemployment Rate - Forecast

Unemployment Rate in Iceland is expected to be 2.80 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 3.00 in 12 months time. In the long-term, the Iceland Unemployment Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.


Iceland Unemployment Rate
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Iceland Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.3 2.8 2.9 2.8 3 3.4
Employed Persons 198000 197639 197423 197288 197165 195737
Unemployed Persons 6800 6174 6054 5980 5914 5344
Labor Force Participation Rate 83 82.42 82.22 82.14 82.09 81.96
Long Term Unemployment Rate 0.5 0.51 0.51 0.51 0.52 0.53
Youth Unemployment Rate 11 9.53 9.46 9.55 9.61 9.82
Job Vacancies 122 187 275 331 365 415
Wages 553000 544121 555043 565964 576885 568172
Wage Growth 5.3 4.69 4.28 3.93 3.62 1.89
Population 0.34 0.34 0.34 0.34 0.34 0.36
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Part Time Employment 39 45.07 38.74 39.15 44.31 41.36
Full Time Employment 145 132 146 143 130 131
Employment Rate 80.3 80 80.2 80.1 80 79.2