Iceland Average Monthly Wage  Forecast


Wages in Iceland is expected to be 565964.07 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 Average Monthly Wage
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Iceland Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 1.8 3 2.8 3.2 3.4 4
Employed Persons 191100 191444 191468 191529 191583 191840
Unemployed Persons 3600 4294 4126 4234 4207 4207
Labor Force Participation Rate 81.1 82.42 82.75 82.79 82.78 82.78
Long Term Unemployment Rate 0.5 0.58 0.57 0.63 0.69 0.84
Youth Unemployment Rate 8.4 6.91 6.88 6.91 6.91 6.91
Job Vacancies 304 184 225 243 240 236
Wages 553000 565964 576885 581848 586810 588699
Wage Growth 6 6.57 6.5 6.55 6.54 6.54
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
Employment Rate 79.6 81.5 81.5 80.08 80.08 80.4
Full Time Employment 132 145 136 134 143 137
Part Time Employment 47.4 40.4 45.67 46.87 41.94 44.81