Wages in Iceland increased 1.50 percent in January of 2022 over the same month in the previous year. source: Statistics Iceland

Wage Growth in Iceland averaged 2.04 percent from 1990 until 2022, reaching an all time high of 11.60 percent in March of 2016 and a record low of -9.40 percent in January of 2009. This page provides the latest reported value for - Iceland Real Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Real Wage Growth - values, historical data and charts - was last updated on August of 2022.

Wage Growth in Iceland is expected to be 3.22 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Real Wage Growth is projected to trend around 3.22 percent in 2023, according to our econometric models.

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Iceland Real Wage Growth

Related Last Previous Unit Reference
Unemployment Rate 4.00 3.50 percent Jun 2022
Employed Persons 209200.00 209700.00 Jun 2022
Unemployed Persons 8700.00 7500.00 Jun 2022
Labor Force Participation Rate 79.80 80.70 percent Jun 2022
Youth Unemployment Rate 10.20 8.50 percent Jun 2022
Wages 731000.00 695000.00 ISK/Month Dec 2020
Wage Growth 1.50 2.00 percent Jan 2022
Employment Rate 76.60 78.00 percent Jun 2022

Iceland Real Wage Growth
In Iceland, real wage growth refers to the change in the wage index deflated by the CPI.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 2.00 11.60 -9.40 1990 - 2022 percent Monthly
2000=100, NSA