Youth Unemployment Rate in Iceland is expected to be 8.07 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 8.20 in 12 months time. In the long-term, the Iceland Youth Unemployment Rate is projected to trend around 8.20 percent in 2020, according to our econometric models.


Forecast Data Chart
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Iceland Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 1.7 3.5 3.2 3.2 2.3 3.4
Employed Persons 201300 201154 201511 202004 202511 205746
Unemployed Persons 3600 4227 4843 4557 4664 4636
Labor Force Participation Rate 81.6 81.67 81.7 81.71 81.72 81.71
Long Term Unemployment Rate 0.3 0.57 0.63 0.69 0.69 0.74
Youth Unemployment Rate 6 8.07 8.21 8.2 8.2 8.2
Job Vacancies 133 136 142 146 146 145
Wages 615000 700000 750000 702504 714907 800000
Wage Growth 3.3 3.45 3.43 3.43 3.43 3.43
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 36.6 43.99 42.97 36.96 37.98 42.55
Full Time Employment 150 140 142 150 149 142
Employment Rate 80.2 79.6 79.6 79.5 79.5 79