Youth Unemployment Rate in Iceland increased to 10.90 percent in February from 6.80 percent in January of 2020.

Youth Unemployment Rate in Iceland averaged 9.73 percent from 2003 until 2020, reaching an all time high of 21.60 percent in May of 2010 and a record low of 2.60 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 May of 2020.

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 2021, according to our econometric models.

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Iceland Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.90 6.80 21.60 2.60 2003 - 2020 percent Monthly
SA

Iceland Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 5.00 9.10 0.10 percent [+]
Employed Persons 202200.00 199600.00 203600.00 136600.00 [+]
Unemployed Persons 5900.00 10300.00 16700.00 100.00 [+]
Labor Force Participation Rate 79.00 80.40 84.90 77.70 percent [+]
Long Term Unemployment Rate 0.30 0.50 1.70 0.10 percent [+]
Youth Unemployment Rate 10.90 6.80 21.60 2.60 percent [+]
Job Vacancies 132.00 120.00 1912.00 47.00 [+]
Wages 669000.00 653000.00 669000.00 380000.00 ISK/Month [+]
Wage Growth 2.80 2.30 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 43.20 38.70 47.50 28.00 Thousand [+]
Employment Rate 76.90 77.50 82.90 73.20 percent [+]
Full Time Employment 146.10 152.70 156.20 97.00 Thousand [+]