Iceland Average Monthly Wage  Forecast


Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows clients to download millions of rows of historical data, to query our real-time economic calendar and to subscribe to updates.

Interested? Click here to contact us


Wages in Iceland is expected to be 576885.44 ISK/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Average Monthly Wage is projected to trend around 588698.54 ISK/Month in 2020, according to our econometric models.


Iceland Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3 2.8 3.2 3.4 2.9 4
Employed Persons 191600 191258 191107 190979 190855 189753
Unemployed Persons 6000 5506 5421 5378 5342 5092
Labor Force Participation Rate 81.4 81.56 81.66 81.72 81.77 81.9
Long Term Unemployment Rate 0.5 0.51 0.51 0.51 0.51 0.53
Youth Unemployment Rate 9.9 9.64 9.38 9.43 9.49 9.74
Job Vacancies 150 261 322 367 394 433
Wages 553000 576885 581848 586810 591773 588699
Wage Growth 6 5.64 5.12 4.67 4.28 2.34
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 47.4 44.26 45.68 41.64 40.04 41.68
Full Time Employment 132 134 133 139 140 133
Employment Rate 78.9 81.5 79 78.94 78.88 80.4