Economy & Growth in Iceland 984 indicators covering economy & growth for Iceland. IndicatorLatest Year10-yr change Rank ILOSTAT - Labour force survey β Labour force participation rate by 78.1 % 2024 down 1.0% 5th ILOSTAT - Labour force survey β Employment-to-population ratio by 76.23 % 2024 up 0.1% 5th Net secondary income (Net current transfers from abroad) -31.13 billion constant LCU 2013 down 123.9% 118th ILOSTAT - Labour force survey β Labour force participation rate by 25.86 % 2024 down 44.6% 30th ILOSTAT - Labour force survey β Employment-to-population ratio by 25.7 % 2024 down 44.6% 30th ILOSTAT - Labour force survey β Labour force participation rate by 32.96 % 2024 down 42.8% 32nd ILOSTAT - Labour force survey β Employment-to-population ratio by 32.66 % 2024 down 42.7% 32nd ILOSTAT - Labour force survey β Employment by age, 65+, rural areas 1.12 1000 No 2024 up 60.0% 72nd Meat of chickens, fresh or chilled β Producer Price 545,726 LCU 2024 up 17.6% 19th Meat of chickens, fresh or chilled β Producer Price 545,726 SLC 2024 up 17.6% 17th Income share top 1 before tax wid extrapolations 8.55 2016 down 19.0% 107th Share top 1 before tax vs gdp per capita 8.55 2016 down 19.0% 107th Threshold income for each decile before tax wid 14,168 2016 up 29.1% 6th ILOSTAT - Labour force survey β Labour force participation rate by 18.09 % 2024 down 46.2% 21st ILOSTAT - Labour force survey β Employment-to-population ratio by 18.09 % 2024 down 46.2% 21st Meat of chickens, fresh or chilled β Producer Price 3,956 USD 2024 down 0.5% 17th Social expenditure as percentage of gdp 0.96 2021 up 63.3% 9th ILOSTAT - Labour force survey β Employment by status of employment 43.83 1000 No 2024 up 46.7% 71st ILOSTAT - Labour force survey β Employment by status of employment 24.15 1000 No 2024 up 43.3% 71st ILOSTAT - Labour force survey β Employment by status of employment 19.68 1000 No 2024 up 51.0% 71st ILOSTAT - Labour force survey β Employment by status of employment 34.65 1000 No 2024 up 41.8% 70th ILOSTAT - Labour force survey β Employment by status of employment 17.39 1000 No 2024 up 33.2% 70th ILOSTAT - Labour force survey β Share of employment by status of 100 % 2024 unchanged 1st ILOSTAT - Labour force survey β Share of employment by status of 79.1 % 2024 down 3.3% 30th ILOSTAT - Labour force survey β Employment by status of employment 17.26 1000 No 2024 up 51.7% 68th ILOSTAT - Labour force survey β Employment by status of employment 9.15 1000 No 2024 up 67.9% 70th ILOSTAT - Labour force survey β Share of employment by status of 20.9 % 2024 up 14.8% 43rd ILOSTAT - Labour force survey β Employment by status of employment 6.76 1000 No 2024 up 77.9% 70th ILOSTAT - Labour force survey β Employment by status of employment 2.38 1000 No 2024 up 44.2% 69th Other meat of mammals, fresh or chilled β Producer Price Index 130.92 2025 up 35.8% 10th Research and development expenditure as a proportion of GDP 2.6% 2023 up 56.0% 12th 15.4.2 Mountain area: Montane β Value 1,026 km2 2021 unchanged 76th Revenue from corporate income taxes gdp 2.73 2017 up 15.5% 75th Other berries and fruits of the genus vaccinium n.e.c. β Producer 118.2 2025 up 22.6% 14th Asset-backed pensions - main database β Investment 13.07 Percentage change 2024 up 54.4% 31st Meat of pig with the bone, fresh or chilled β Producer Price 605,842 LCU 2024 up 39.1% 12th Meat of pig with the bone, fresh or chilled β Producer Price 605,842 SLC 2024 up 39.1% 10th Effective tax rates - Corporate tax statistics β Effective average 24.29 Percentage of taxable income 2025 up 20.5% 47th Effective tax rates - Corporate tax statistics β Effective marginal 144.03 Percentage of taxable income 2025 up 460.2% 4th Meat of pig with the bone, fresh or chilled β Producer Price 4,392 USD 2024 up 17.8% 13th Shorn wool, greasy, including fleece-washed shorn wool β Producer 268,867 LCU 2024 down 53.1% 7th Employment by main economic activity - Regions 202,900 Persons 2019 up 20.8% 42nd Meat of sheep, fresh or chilled β Producer Price 931,600 LCU 2024 up 64.0% 14th Meat of sheep, fresh or chilled β Producer Price 931,600 SLC 2024 up 64.0% 12th Meat of sheep, fresh or chilled β Producer Price 6,753 USD 2024 up 38.8% 26th Share of people who used the internet in the previous three months 99.69 % 2021 up 4.1% 5th Share of people who used the internet in the previous three months 99.68 % 2021 up 6.2% 6th Gender gap in the share of people who used the internet in the 0.01 % 2021 down 99.5% 48th Shorn wool, greasy, including fleece-washed shorn wool β Producer 1,949 USD 2024 down 60.3% 7th Shorn wool, greasy, including fleece-washed shorn wool β Producer 268,867 SLC 2024 down 53.1% 6th Tourism gdp proportion of total gdp 6.1 2022 up 46.4% 23rd Mean income or consumption per day 2017 vs 2021 international 68.33 2019 up 12.3% 12th Personal income tax (PIT) and social security contributions (SSC) 31.51 Percentage of labour costs 2025 down 8.1% 20th Personal income tax (PIT) and social security contributions (SSC) 31.51 Percentage of labour costs 2025 down 8.1% 20th Personal income tax (PIT) and social security contributions (SSC) 40.26 Percentage of labour costs 2025 down 5.2% 20th Personal income tax (PIT) - top statutory and marginal tax rate β Top 1.33 Factor of average annual wage 2025 down 2.3% 24th Mushrooms and truffles β Producer Price 1.08 million LCU 2024 up 60.9% 2nd R&D Environmental Protection (general government expenditure) β Value 356.66 million SLC 2024 up 355.3% 20th R&D Environmental Protection (general government expenditure) β Value 2.59 million USD 2024 up 286.6% 38th R&D Environmental Protection (general government expenditure) β Value 1.81 million USD 2024 up 187.3% 39th β Previous Page 13 of 17 Next β