Wages in Iceland increased to 909000 ISK/Month in 2024 from 867000 ISK/Month in 2023. Wages in Iceland averaged 606941.18 ISK/Month from 2008 until 2024, reaching an all time high of 909000.00 ISK/Month in 2024 and a record low of 380000.00 ISK/Month in 2008. source: Statistics Iceland

Wages in Iceland is expected to reach 934452.00 ISK/Month by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Average Monthly Wage is projected to trend around 957813.00 ISK/Month in 2027 and 980801.00 ISK/Month in 2028, according to our econometric models.



Related Last Previous Unit Reference
Employed Persons 222500.00 222100.00 Jan 2026
Employment Rate 75.70 76.80 percent Jan 2026
Labor Force Participation Rate 81.60 80.50 percent Jan 2026
Unemployed Persons 17400.00 10500.00 Jan 2026
Unemployment Rate 7.30 4.50 percent Jan 2026
Real Wage Growth 2.50 2.40 percent Jan 2026
Wages 909000.00 867000.00 ISK/Month Dec 2024
Youth Unemployment Rate 16.60 11.20 percent Jan 2026


Iceland Average Monthly Wage
Actual Previous Highest Lowest Dates Unit Frequency
909000.00 867000.00 909000.00 380000.00 2008 - 2024 ISK/Month Yearly

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