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)
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 (%)
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 |
