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Iceland Wages: Minimum and Average

Iceland Wages Data

Indicator Data Period
Wages 695000 ISK/Month | 5609.354 USD/Month 2019
Wage Growth  6 % Mar/21


Latest data on Wages (ISK/Month)

Wages
                     Iceland - Historical Data (ISK/Month)

What is average wage in Iceland?

  • Average Wages in Iceland increased to 695000 ISK/Month (5609.354 USD/Month) in 2019. 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
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 increased by 6 % in March 2021 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
6 Mar/21 27.04.2021
3.5 Dec/20 17.02.2021
3.1 Sep/20 17.11.2020
4 Jun/20 22.07.2020
2.8 Mar/20 29.04.2020
1.5 Nov/19 16.01.2020
1.2 Sep/19 05.11.2019
1.1 Jul/19 29.10.2019


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 2021 67 67
Unemployment Rate Mar/21 8.3 % 6.4
Job Vacancies Mar/21 1.583 K 0.343
Labor Force Participation Rate Mar/21 78.1 % 78.2

Wages in other countries

Country Updated Actual Previous
Austria 2019 3462.998 USD/Month 3366.905
Ireland 4Q/20 4111.322 USD/Month 3882.645
Luxembourg 2019 6674.208 USD/Month 6603.659
Spain 4Q/20 2506.933 USD/Month 2261.227
Iceland 2019 5609.354 USD/Month 5439.863
Norway 4Q/20 5841.274 USD/Month 5718.287
Belarus Mar/21 546.265 USD/Month 503.668
Belgium 2016 3849.76 USD/Month 3801.21
Bulgaria Dec/20 912.969 USD/Month 871.923
Croatia Feb/21 1135.934 USD/Month 1126.412
Cyprus 4Q/20 2757.505 USD/Month 2328.127
Czech Republic 4Q/20 1828.35 USD/Month 1680.136
Denmark 2019 6967.287 USD/Month 6827.261
Estonia 4Q/20 1842.797 USD/Month 1752.785
Euro Area 3Q/20 2281.905 USD/Month 2117.696
Finland 4Q/20 4403.25 USD/Month 4385.005
France 2017 3751.277 USD/Month 3677.079
Germany 4Q/20 4905.61 USD/Month 4838.71
Hungary Feb/21 1363.819 USD/Month 1394.69
Italy 2019 3043.351 USD/Month 3004.428
Latvia Dec/20 1112.976 USD/Month 1039.994
Lithuania 4Q/20 1853.744 USD/Month 1769.815
Macedonia Feb/21 815.974 USD/Month 825.756
Malta 4Q/20 157.621 USD/Month 155.695
Moldova 4Q/20 500.653 USD/Month 456.238
Montenegro Mar/21 954.848 USD/Month 960.93
Poland 4Q/20 1457.953 USD/Month 1381.007
Portugal 2019 1445.045 USD/Month 1424.366
Romania Feb/21 1356.751 USD/Month 1369.586
Russia Feb/21 689.268 USD/Month 666.22
Serbia Feb/21 638.321 USD/Month 646.818
Slovakia Feb/21 1381.793 USD/Month 1431.664
Slovenia Feb/21 2367.051 USD/Month 2404.758
Sweden Feb/21 3544.375 USD/Month 3544.375
Switzerland 2019 7001.099 USD/Month 6938.907
Ukraine Mar/21 490.258 USD/Month 451.972
United Kingdom Aug/19 2798.54 USD/Month
Albania 4Q/20 536.15 USD/Month 515.31
Bosnia and Herzegovina Feb/21 918.449 USD/Month 927.079
Kosovo Dec/18 558.79 USD/Month 559.9