Work & Labour in Iceland 896 indicators covering work & labour for Iceland. IndicatorLatest Year10-yr change Rank Female labor force participation rate: 1980 vs. 2024 72.0% 2025 down 9.6% 17th Labor force participation rate for ages 15-24, female (%) 84.0% 2025 up 2.5% 1st Labor force participation rate for ages 15-24, male (%) 81.5% 2025 up 3.9% 2nd Ratio of female to male labor force participation rate (%) 91.0% 2025 down 1.4% 23rd Labor force participation rate for ages 15-24, total (%) 82.7% 2025 up 3.1% 2nd NEET: Youth not in employment, education or training (ILO modelled) 1.61 % change on previous year 2027 up 136.1% 95th Total weekly hours worked of employed persons (ILO modelled) 0.8092 % change on previous year 2027 down 45.7% 113th Time-related underemployment (ILO modelled estimates) (15+), annual 0.9603 % change on previous year 2027 down 84.1% 106th SDG indicator 8.5.2: Unemployment rate (previous ILO definition) 4.43 2025 up 11.4% 107th Urban population vs. female labor force participation rate 94.2% 2025 up 0.5% 30th Monthly minimum wage 425,985 2024 up 42.0% 13th Monthly minimum wage 425,985 2024 up 42.0% 13th Unemployment, youth female (% of female labor force ages 15-24) 10.2% 2025 up 51.6% 111th Unemployment, youth male (% of male labor force ages 15-24) 8.8% 2025 down 19.5% 109th Unemployment, youth total (% of total labor force ages 15-24) 9.5% 2025 up 7.6% 113th Labour income distribution (ILO modelled estimates) 2.63 2025 down 0.9% 13th Labour income distribution (ILO modelled estimates) (Decile 1), per 0 units per US$ of GDP 2025 down 54.5% 37th SDG indicator 8.6.1: Proportion of youth aged 15 to 24 years not in 4 2025 down 15.8% 121st Labor force participation rate for women ages 15-24, 1980 vs. 2023 84.0% 2025 up 2.5% 1st Female employment rate 68.8% 2025 down 10.0% 15th Female employment rate, 1980 vs. 2024 68.8% 2025 down 10.0% 15th Labour income distribution (ILO modelled estimates) (Decile 1) 0.1904 % change on previous year 2025 down 97.4% 126th Share of youth not in education, employment or training, female (% of) 3.6% 2025 up 14.3% 184th Share of youth not in education, employment or training, male (% of) 4.4% 2025 down 30.0% 181st Share of youth not in education, employment or training, total (% of) 4.0% 2025 down 15.6% 183rd NEET: Youth not in employment, education or training (ILO modelled) 0 units per person 2025 down 21.9% 180th Time-related underemployment (ILO modelled estimates) (15+), per 0 units per person 2025 down 15.5% 68th Total weekly hours worked of employed persons (ILO modelled) 0.0196 units per person 2025 down 4.2% 29th SDG indicator 9.2.2: Manufacturing employment as a proportion of 9.01 2025 down 12.0% 91st Total weekly hours worked of employed persons (ILO modelled) 0 units per US$ of GDP 2025 down 47.9% 180th NEET: Youth not in employment, education or training (ILO modelled) 0 units per US$ of GDP 2025 down 57.5% 184th Time-related underemployment (ILO modelled estimates) (15+), per unit 0 units per US$ of GDP 2025 down 54.0% 157th Monthly minimum wage (Local currency), annual growth rate 5.9 % change on previous year 2024 — 65th Monthly minimum wage, annual growth rate 5.9 % change on previous year 2024 — 65th Monthly minimum wage, per capita 1.1 units per person 2024 up 32.5% 2nd Monthly minimum wage (Local currency), per capita 1.1 units per person 2024 up 32.5% 2nd Are There Criminal Penalties or Civil Remedies For Sexual Harassment 1 2023 unchanged 1st Does the Law Prohibit Discrimination in Employment Based on Gender? 1 2023 unchanged 1st Is There Legislation on Sexual Harassment in Employment? 1 2023 unchanged 1st Female labor force participation rate vs. GDP per capita 70.0% 2025 down 3.8% 19th Female labor force participation rate 70.0% 2025 down 3.8% 19th Female labor force participation rates by family benefits public spending 70.0% 2025 down 3.8% 19th Female share of the labor force 45.6% 2025 down 3.8% 93rd Labor force participation rate 74.9% 2025 down 2.3% 17th Male labor force participation rate 79.6% 2025 down 1.2% 28th Labor force participation rate 74.9% 2025 down 2.3% 17th Productivity: output per hour worked 75.65 international-$ in 2021 prices per hour 2023 up 22.9% 14th Productivity vs. GDP per capita 75.65 international-$ in 2021 prices per hour 2023 up 22.9% 14th SDG indicator 8.3.1: Proportion of informal employment in total 1.99 2020 down 33.1% 80th Employment to population ratio, ages 15-24, female (%) 76.6% 2025 up 0.1% 1st Employment to population ratio, ages 15-24, male (%) 73.5% 2025 up 4.7% 3rd Employment to population ratio, ages 15-24, total (%) 75.0% 2025 up 2.4% 2nd Employment to population ratio, 15+, female (%) 67.7% 2025 down 3.1% 16th Employment to population ratio, 15+, male (%) 76.5% 2025 down 1.1% 27th Employment to population ratio, 15+, total (%) 72.2% 2025 down 1.9% 17th Vulnerable employment, female (% of female employment) 6.2% 2025 down 17.6% 164th Vulnerable employment, male (% of male employment) 10.3% 2025 down 35.4% 156th Vulnerable employment, total (% of total employment) 8.4% 2025 down 29.5% 159th Female employment rate 67.7% 2025 down 3.1% 16th Unemployment rate 3.6% 2025 down 8.9% 125th ← Previous Page 3 of 15 Next →