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Iceland Wages: Minimum and Average

Iceland Wages Data

Indicator Data Period
Wages 770000 ISK/Month | 5420.359 USD/Month 2021
Wage Growth  -1.4 % Oct/22


Latest data on Wages (ISK/Month)

Wages
                     Iceland - Historical Data (ISK/Month)

What is average wage in Iceland?

  • Average Wages in Iceland increased to 770000 ISK/Month (5420.359 USD/Month) in 2021. The maximum rate of average wage for employees was 695000 ISK/Month and minimum was 380000 ISK/Month.
  • Data published Yearly by Statistics.

Historical Data (ISK/Month) by years

Data
Period
Date
770000 2021 25.08.2022
731000 2020 10.08.2021
695000 2019 15.03.2021
669000 2018 18.11.2019
652000 2017 25.02.2019
615000 2016 21.06.2018


Historical Chart by presidents (ISK/Month)

Wages in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Gudni Thorlacius Johannesson 01.08.2016 - 615000.0000 615000.0000 615000.0000 615000.0000 0.00%


Latest data on Wage Growth  (%)

Wage Growth 
                     Iceland - Historical Data (%)

What is the growth rate of wages in Iceland?

  • Wage Growth in Iceland decreased by 1.4 % in October 2022 over the same month in the previous year. The maximum growth was 11.6 % and minimum was -9.4 %
  • Data published Monthly by Statistics.

Historical Data (%) by years

Data
Period
Date
-1.4 Oct/22 29.11.2022
-1.1 Sep/22 28.10.2022
-0.7 Jun/22 25.08.2022
1.5 Jan/22 09.03.2022
3.3 Sep/21 18.01.2022
3.4 Jul/21 26.08.2021
6 Mar/21 27.04.2021
3.5 Dec/20 17.02.2021


Historical Chart by YoY presidents (%)

Wage Growth  in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other labor indicators in Iceland

Index Updated Actual Previous
Retirement Age Men 2022 67 67
Unemployment Rate Oct/22 2.8 % 3.6
Job Vacancies Apr/22 0.76 K 0.678
Labor Force Participation Rate Oct/22 79.8 % 79.5

Wages in other countries

Country Updated Actual Previous
Austria 2021 2638.547 USD/Month 3059.291
Ireland 3Q/22 3622.642 USD/Month 3656.184
Luxembourg 2021 6154.088 USD/Month 5729.56
Spain 2Q/22 2257.862 USD/Month 2103.774
Iceland 2021 5420.359 USD/Month 5138.782
Norway 2Q/22 5236.129 USD/Month 5200.252
Belarus Oct/22 675.921 USD/Month 676.334
Belgium 2016 3849.76 USD/Month 3801.21
Bulgaria Sep/22 956.295 USD/Month 905.992
Croatia Sep/22 1056.198 USD/Month 1063.957
Cyprus 2Q/22 2519.916 USD/Month 2059.748
Czech Republic 2Q/22 1725.823 USD/Month 1632.958
Denmark 2020 6132.449 USD/Month 5993.833
Estonia 3Q/22 1759.958 USD/Month 1774.633
Euro Area 2Q/22 2128.931 USD/Month 2096.436
Finland 2Q/22 3933.555 USD/Month 3896.92
France 2020 3459.119 USD/Month 3336.478
Germany 4Q/21 4291.23 USD/Month 4159.386
Hungary Sep/22 1242.388 USD/Month 1226.944
Italy 2021 2594.34 USD/Month 2452.83
Latvia Sep/22 1048.38 USD/Month 1075.584
Lithuania 3Q/22 1885.744 USD/Month 1865.828
Macedonia Sep/22 829.588 USD/Month 542.421
Malta 2Q/22 150.876 USD/Month 148.783
Moldova 3Q/22 541.828 USD/Month 527.987
Montenegro Oct/22 933.962 USD/Month 929.769
Poland 3Q/22 1444.347 USD/Month 1371.918
Portugal 2019 1243.328 USD/Month 1225.536
Romania Sep/22 1375.562 USD/Month 1352.342
Russia Sep/22 976.883 USD/Month 945.751
Serbia Sep/22 670.292 USD/Month 672.983
Slovakia Sep/22 1420.229 USD/Month 1413.949
Slovenia Sep/22 2079.605 USD/Month 2101.584
Sweden Sep/22 2824.444 USD/Month 2793.744
Switzerland 2021 7062.321 USD/Month 7076.123
Ukraine Jan/22 398.627 USD/Month 477.275
United Kingdom Aug/19 2798.54 USD/Month
Albania 2Q/22 547.381 USD/Month 534.532
Bosnia and Herzegovina Sep/22 952.714 USD/Month 944.116
Kosovo Dec/18 558.79 USD/Month 559.9