Wages in Iceland increased 3.30 percent in September of 2021 over the same month in the previous year. source: Statistics Iceland

Wage Growth in Iceland averaged 2.04 percent from 1990 until 2021, reaching an all time high of 11.60 percent in March of 2016 and a record low of -9.40 percent in January of 2009. This page provides the latest reported value for - Iceland Real Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Real Wage Growth - values, historical data and charts - was last updated on November of 2021.

Wage Growth in Iceland is expected to be 3.22 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Real Wage Growth is projected to trend around 3.22 percent in 2022, according to our econometric models.

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Iceland Real Wage Growth

Related Last Previous Unit Reference
Unemployment Rate 5.80 3.50 percent Oct/21
Employed Persons 200900.00 201100.00 Oct/21
Unemployed Persons 12200.00 7300.00 Oct/21
Labor Force Participation Rate 79.20 79.30 percent Oct/21
Youth Unemployment Rate 7.00 3.70 percent Sep/21
Wages 731000.00 695000.00 ISK/Month Dec/20
Wage Growth 3.30 3.40 percent Sep/21
Employment Rate 75.50 75.70 percent Oct/21
Iceland Real Wage Growth
In Iceland, real wage growth refers to the change in the wage index deflated by the CPI.