Wages in Iceland increased to 669000 ISK/Month in 2018 from 653000 ISK/Month in 2017. Wages in Iceland averaged 503181.82 ISK/Month from 2008 until 2018, reaching an all time high of 669000 ISK/Month in 2018 and a record low of 380000 ISK/Month in 2008.

Wages in Iceland is expected to be 690542.00 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 735729.00 ISK/Month in 2020, according to our econometric models.


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Iceland Average Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
669000.00 653000.00 669000.00 380000.00 2008 - 2018 ISK/Month Yearly

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 3.60 9.10 0.10 percent [+]
Employed Persons 197900.00 201800.00 203600.00 136600.00 [+]
Unemployed Persons 8200.00 7400.00 16700.00 100.00 [+]
Labor Force Participation Rate 79.40 82.00 84.90 77.70 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 15.40 12.40 21.60 2.60 percent [+]
Job Vacancies 68.00 65.00 1912.00 47.00 [+]
Wages 669000.00 653000.00 669000.00 380000.00 ISK/Month [+]
Wage Growth 1.50 1.30 11.60 -9.40 percent [+]
Population 0.35 0.34 0.35 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 38.70 37.00 47.50 28.00 Thousand [+]
Full Time Employment 152.70 156.20 156.20 97.00 Thousand [+]
Employment Rate 77.20 77.60 82.90 73.20 percent [+]