Iceland Average Monthly Wage - Forecast

Wages in Iceland is expected to be 700000.00 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 800000.00 ISK/Month in 2020, according to our econometric models.


Iceland Average Monthly Wage
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Iceland Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2.3 2.8 3 3 3.2 3.4
Employed Persons 200200 201008 201665 202298 202888 206660
Unemployed Persons 4700 5632 5289 5425 5398 5399
Labor Force Participation Rate 81.6 82.21 82.16 82.13 82.11 82.1
Long Term Unemployment Rate 0.3 0.58 0.57 0.63 0.69 0.74
Youth Unemployment Rate 7.2 6.17 6.15 6.16 6.16 6.16
Job Vacancies 143 131 143 149 148 147
Wages 615000 700000 700000 750000 702504 800000
Wage Growth 4.8 4.83 4.83 4.83 4.83 4.83
Population 0.35 0.35 0.35 0.35 0.35 0.36
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Part Time Employment 44.1 38.88 44.68 44.66 39.09 43.55
Full Time Employment 139 148 140 141 150 141
Employment Rate 79.7 79.7 79.6 79.6 79.5 79