Work & Labour in Iceland 896 indicators covering work & labour for Iceland. IndicatorLatest Year10-yr change Rank Strictness of employment protection — Individual and collective 1.56 0-6 scale 2024 unchanged 29th Strictness of employment protection — Individual dismissals 1.56 0-6 scale 2024 unchanged 29th Strictness of employment protection — Temporary contracts 0.625 0-6 scale 2024 unchanged 36th Labour force participation rate 75.62 Percentage of working age population in the same subgroup 2025 down 8.9% 1st Informal employment 3.46 2020 down 15.6% 81st Informal employment rate 1.99 2020 down 33.1% 78th Employment outside the formal sector 4.08 2020 up 7.2% 81st Share of employment outside the formal sector 2.34 2020 down 15.1% 76th Annual non-financial accounts by institutional sector (Revenue) -5,542 National currency 2024 down 217.1% 28th Employment by job tenure intervals - frequency — Dependent employment 7.4 Percentage of population in the same subgroup 2025 up 2.8% 14th Population outside the labour force — Persons outside the labour force 76.65 Persons 2025 up 95.7% 33rd Unemployment rate (previous ILO definition - ICLS13) 4.43 2025 up 11.4% 55th Unemployment (previous ILO definition - ICLS13) 10.54 2025 up 38.5% 74th Employment by job tenure intervals - frequency — Employment tenure 7.01 Percentage of population in the same subgroup 2025 up 2.9% 12th Labour indicators levels - Regions — Employment 229,500 Persons 2024 up 29.2% 45th Labour indicators levels - Regions — Unemployment 8,500 Persons 2024 down 6.6% 46th Labour indicators levels - Regions — Labour force 238,000 Persons 2024 up 27.4% 46th Youth time-related underemployment (previous ILO definition - ICLS13) 4.61 2023 down 0.6% 68th Youth time-related underemployment rate (previous ILO definition) 8.5 2023 down 17.4% 16th Average hourly earnings of employees 4,230 2022 up 53.3% 10th Fatal occupational injuries per 100'000 workers 0.45 2023 down 60.5% 67th Employment rates of adults, by educational attainment, age group and 85.54 Percentage of population in the same subgroup 2023 up 7.6% 5th Labour force participation rates of adults, by educational 88.93 Percentage of population in the same subgroup 2023 up 3.5% 7th Unemployment rates of adults, by educational attainment, age group 3.81 Percentage of labour force in the same subgroup 2023 down 48.9% 32nd Physiotherapists — Health and social employment 1.93 Per 1 000 inhabitants 2025 up 16.3% 6th NEET: Youth not in employment, education or training 2.51 2023 down 5.1% 68th NEET rate: Share of youth not in employment, education or training 5.84 2023 down 9.7% 64th Labour indicators rates - Regions — Employment to population ratio -10.5 Percentage points 2024 down 64.1% 27th Labour statistics - Regions (for 'Developer API') — Employment to -10.5 Percentage points 2024 down 64.1% 27th SDG indicator 8.8.1: Non-fatal occupational injuries per 100'000 1,028 2023 down 1.0% 31st SDG indicator 8.8.1: Fatal occupational injuries per 100'000 workers 1.38 2023 — 59th Labour indicators rates - Regions — Labour force participation rate -11.2 Percentage points 2024 down 62.3% 28th Labour statistics - Regions (for 'Developer API') — Labour force -11.2 Percentage points 2024 down 62.3% 28th Labour indicators rates - Regions — Long-term unemployment rate -0.3 Percentage points 2024 down 50.0% 27th Labour statistics - Regions (for 'Developer API') — Long-term -0.3 Percentage points 2024 down 50.0% 27th Employment by job tenure intervals - average job tenure — Dependent 7.26 Years 2025 down 9.9% 22nd Share of workers in informal employment: men vs. women 1.5% 2020 down 30.6% 71st Share of male workers in informal employment 1.5% 2020 down 30.6% 71st Share of workers in informal employment 2.0% 2020 up 3.1% 70th Share of female workers in informal employment 2.5% 2020 up 56.0% 68th Share of workers in informal employment vs. GDP per capita 2.0% 2020 up 3.1% 70th LU4: Composite rate of labour underutilization (previous ILO) 10.23 2023 down 26.3% 51st Employment by job tenure intervals - average job tenure — Employment 7.89 Years 2025 down 8.2% 22nd Labour indicators by urban-rural territorial typology — Population 207,330 Persons 2025 — 37th Proportion of informal employment, by sector and sex - 13th ICLS 2.0% 2020 up 3.1% 79th Workers in the reference group 216.86 2023 up 26.1% 70th Annual employment by institutional sector, domestic concept — Total 321.3 Hours 2024 up 21.0% 17th Ageing healthcare workforce - Regions — Active physicians 3.89 Per 1 000 inhabitants 2019 up 6.6% 23rd Part-time employment - Regions 50,100 Persons 2024 up 19.3% 31st Annual government non-financial accounts and key indicators (Revenue) 0 National currency 2025 — 3rd Dentists — Health and social employment 1.3 Per 1 000 inhabitants 2025 up 7.4% 7th Decile ratios of gross earnings — Interdecile ratio of gross earnings 1.49 Factor of decile 1 2022 down 3.9% 26th Quarterly non-financial accounts by institutional sector (Revenue) -38,745 National currency 2025 down 371.9% 22nd Hospital employment 21.03 Per 1 000 inhabitants 2020 up 11.0% 7th Gender wage gap 10.7 Percentage of wages of men in the same decile 2022 down 36.3% 14th Pharmacists — Health and social employment 2.09 Per 1 000 inhabitants 2025 up 18.8% 3rd Annual working hours per person employed 1,883 Hours 2016 down 3.8% 10th SDG indicator 8.5.1: Average hourly earnings of employees 4,230 2022 up 53.3% 10th SDG indicator 8.5.2: Unemployment rate (current ILO definition) 4.43 2025 up 11.4% 46th Unemployment rate (current ILO definition - ICLS19) 4.43 2025 up 11.4% 46th ← Previous Page 7 of 15 Next →