Labor Force Participation Rate in Iceland increased to 79.50 percent in August from 78.70 percent in July of 2021. source: Statistics Iceland

Labor Force Participation Rate in Iceland averaged 80 percent from 2003 until 2021, reaching an all time high of 83.50 percent in August of 2016 and a record low of 73.70 percent in April of 2020. This page provides the latest reported value for - Iceland Labor Force Participation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Labor Force Participation Rate - values, historical data and charts - was last updated on October of 2021.

Labor Force Participation Rate in Iceland is expected to be 81.74 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Labor Force Participation Rate is projected to trend around 81.75 percent in 2022, according to our econometric models.

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Iceland Labor Force Participation Rate

Iceland Last Unit Reference Previous Highest Lowest
Unemployment Rate 5.10 percent Aug/21 5.10 9.90 0.10
Employed Persons 198700.00 Aug/21 197500.00 198700.00 136600.00
Unemployed Persons 10700.00 Aug/21 10700.00 18300.00 100.00
Labor Force Participation Rate 79.50 percent Aug/21 78.70 83.50 73.70
Youth Unemployment Rate 10.40 percent Jul/21 10.70 28.50 1.80
Wages 731000.00 ISK/Month Dec/20 695000.00 731000.00 380000.00
Wage Growth 3.40 percent Jul/21 3.40 11.60 -9.40
Employment Rate 75.00 percent Aug/21 74.80 80.60 68.40

Iceland Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.