Wages in Iceland increased 2.50 percent in January of 2026 over the same month in the previous year. Wage Growth in Iceland averaged 1.97 percent from 1990 until 2026, reaching an all time high of 11.60 percent in March of 2016 and a record low of -9.30 percent in January of 2009. source: Statistics Iceland
Wage Growth in Iceland is expected to be 2.70 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 2.50 percent in 2027 and 2.40 percent in 2028, according to our econometric models.