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Iceland Wages: Minimum and Average

Iceland Wages Data

Indicator Data Period
Wages 731000 ISK/Month | 5688.495 USD/Month 2020
Wage Growth  1.5 % Jan/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 731000 ISK/Month (5688.495 USD/Month) in 2020. 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
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 increased by 1.5 % in January 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
1.5 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
3.1 Sep/20 17.11.2020
4 Jun/20 22.07.2020
2.8 Mar/20 29.04.2020


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 Apr/22 2.5 % 4.5
Job Vacancies Apr/22 0.76 K 0.678
Labor Force Participation Rate Apr/22 78.3 % 80

Wages in other countries

Country Updated Actual Previous
Austria 2020 3141.322 USD/Month 3059.645
Ireland 4Q/21 3712.685 USD/Month 3592.506
Luxembourg 2020 5865.688 USD/Month 5892.516
Spain 4Q/21 2327.781 USD/Month 2097.797
Iceland 2020 5688.495 USD/Month 5408.35
Norway 1Q/22 5515.506 USD/Month 5324.187
Belarus Mar/22 630.308 USD/Month 614.58
Belgium 2016 3849.76 USD/Month 3801.21
Bulgaria Mar/22 915.382 USD/Month 847.881
Croatia Mar/22 1082.805 USD/Month 1060.742
Cyprus 4Q/21 2513.016 USD/Month 2090.065
Czech Republic 4Q/21 1744.495 USD/Month 1629.919
Denmark 2020 6288.784 USD/Month 6146.635
Estonia 4Q/21 1744.442 USD/Month 1667.15
Euro Area 3Q/21 2107.263 USD/Month 2039.633
Finland 3Q/21 3963.33 USD/Month 3947.227
France 2019 3416.959 USD/Month 3367.578
Germany 4Q/21 4474.359 USD/Month 4433.566
Hungary Feb/22 1434.793 USD/Month 1238.576
Italy 2020 2504.482 USD/Month 2685.904
Latvia Dec/21 1127.166 USD/Month 1020.89
Lithuania 4Q/21 1802.392 USD/Month 1715.439
Macedonia Mar/22 808.553 USD/Month 775.483
Malta 4Q/21 136.96 USD/Month 146.263
Moldova 4Q/21 512.476 USD/Month 481.417
Montenegro Mar/22 931.79 USD/Month 939.305
Poland 1Q/22 1463.694 USD/Month 1407.353
Portugal 2019 1275.321 USD/Month 1257.072
Romania Mar/22 1390.165 USD/Month 1315.889
Russia Feb/22 908.816 USD/Month 883.03
Serbia Feb/22 645.41 USD/Month 648.29
Slovakia Mar/22 1440.625 USD/Month 1303.218
Slovenia Feb/22 2068.618 USD/Month 2065.397
Sweden Feb/22 3019.2 USD/Month 3019.2
Switzerland 2020 6635.962 USD/Month 6583.743
Ukraine Jan/22 498.274 USD/Month 596.582
United Kingdom Aug/19 2798.54 USD/Month
Albania 4Q/21 529.206 USD/Month 501.397
Bosnia and Herzegovina Mar/22 916.959 USD/Month 884.093
Kosovo Dec/18 558.79 USD/Month 559.9