Wages in Iceland increased to 695000 ISK/Month in 2019 from 674000 ISK/Month in 2018. source: Statistics Iceland

Wages in Iceland averaged 519583.33 ISK/Month from 2008 until 2019, reaching an all time high of 695000 ISK/Month in 2019 and a record low of 380000 ISK/Month in 2008. This page provides - Iceland Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Average Monthly Wage - values, historical data and charts - was last updated on August of 2021.

Wages in Iceland is expected to reach 717033.03 ISK/Month by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Average Monthly Wage is projected to trend around 717033.03 ISK/Month in 2022 and 735729.00 ISK/Month in 2023, according to our econometric models.

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Iceland Average Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
695000.00 674000.00 695000.00 380000.00 2008 - 2019 ISK/Month Yearly

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.80 8.60 9.80 0.10 percent [+]
Employed Persons 190300.00 189800.00 198300.00 136600.00 [+]
Unemployed Persons 11900.00 17800.00 18100.00 100.00 [+]
Labor Force Participation Rate 77.90 78.90 83.30 74.00 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 15.90 15.90 28.50 1.80 percent [+]
Job Vacancies 1854.00 4018.00 4018.00 47.00 [+]
Wages 695000.00 674000.00 695000.00 380000.00 ISK/Month [+]
Wage Growth 6.00 6.20 11.60 -9.40 percent [+]
Population 0.36 0.36 0.36 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 43.20 39.10 47.50 28.00 Thousand [+]
Employment Rate 72.20 72.10 80.60 68.20 percent [+]
Full Time Employment 131.80 152.70 156.20 97.00 Thousand [+]