Youth Unemployment Rate in Iceland increased to 15.90 percent in January from 11.10 percent in December of 2020. source: Statistics Iceland

Youth Unemployment Rate in Iceland averaged 10.77 percent from 2003 until 2021, reaching an all time high of 28.50 percent in May of 2010 and a record low of 1.80 percent in May of 2016. This page provides the latest reported value for - Iceland Youth Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Youth Unemployment Rate - values, historical data and charts - was last updated on March of 2021.

Youth Unemployment Rate in Iceland is expected to be 7.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Iceland to stand at 7.39 in 12 months time. In the long-term, the Iceland Youth Unemployment Rate is projected to trend around 7.39 percent in 2022, according to our econometric models.

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Iceland Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
15.90 11.10 28.50 1.80 2003 - 2021 percent Monthly
SA

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.20 7.40 9.80 0.10 percent [+]
Employed Persons 187700.00 186400.00 198300.00 136600.00 [+]
Unemployed Persons 16600.00 15100.00 18100.00 100.00 [+]
Labor Force Participation Rate 76.70 78.10 83.30 74.00 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 15.90 11.10 28.50 1.80 percent [+]
Job Vacancies 314.00 118.00 1912.00 47.00 [+]
Wages 669000.00 653000.00 669000.00 380000.00 ISK/Month [+]
Wage Growth 3.50 3.70 11.60 -9.40 percent [+]
Population 0.36 0.35 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 39.10 39.60 47.50 28.00 Thousand [+]
Employment Rate 71.50 71.10 80.60 68.20 percent [+]
Full Time Employment 152.70 143.40 156.20 97.00 Thousand [+]