Average hourly labour cost per employee - Discontinued in Iceland
Iceland: Average hourly labour cost per employee - Discontinued was 8,573 in 2025. ▲ Rising
Average hourly labour cost per employee - Discontinued in Iceland, 2008–2025
Source: International Labour Organization.
Analysis
The most recent figure for average hourly labour cost per employee - discontinued in Iceland is 8,573, measured in 2025. That is the highest value across all 15 years on record.
That represents a change of up 7.9% on the previous year and up 125.6% over ten years.
Over the whole period, average hourly labour cost per employee - discontinued in Iceland peaked at 8,573 in 2025 and was at its lowest, 2,570, in 2008.
Iceland ranks 4th of 50 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Average hourly labour cost per employee - Discontinued in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 2,570 | — |
| 2009 | 2,650 | +3.1% |
| 2010 | 2,770 | +4.5% |
| 2011 | 2,950 | +6.5% |
| 2012 | 3,725 | +26.3% |
| 2013 | 3,370 | -9.5% |
| 2014 | 3,520 | +4.5% |
| 2015 | 3,800 | +8.0% |
| 2016 | 4,838 | +27.3% |
| 2020 | 5,847 | +20.9% |
| 2021 | 6,394 | +9.4% |
| 2022 | 6,852 | +7.2% |
| 2023 | 7,406 | +8.1% |
| 2024 | 7,943 | +7.3% |
| 2025 | 8,573 | +7.9% |
Iceland compared with similar countries
- Iceland's 8,573 is above the median for Europe & Central Asia, which is 45.65, 187.8× the median. (38 countries reporting)
- Iceland's 8,573 is above the median for high income countries, which is 44.84, 191.2× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,610 | 2,570 | 2,650 | 2 |
| 2010s | 3,567 | 2,770 | 4,838 | 7 |
| 2020s | 7,169 | 5,847 | 8,573 | 6 |
Countries ranked near Iceland
More work & labour data for Iceland
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.4964 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.4501 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.5492 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.37 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.2312 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 373.77 1000 No (2050)
- Population - Est. & Proj. — Rural population 16.3 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 169.5 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 193.08 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 362.58 1000 No (2100)
Frequently asked questions
- What is average hourly labour cost per employee - discontinued in Iceland?
- Average hourly labour cost per employee - discontinued in Iceland was 8,573 in 2025, according to International Labour Organization.
- What is the highest average hourly labour cost per employee - discontinued recorded in Iceland?
- The highest recorded value was 8,573 in 2025.
- What is the lowest average hourly labour cost per employee - discontinued recorded in Iceland?
- The lowest recorded value was 2,570 in 2008.
- How does Iceland rank for average hourly labour cost per employee - discontinued?
- Iceland ranks 4th out of 50 countries with data for 2025.
- Is average hourly labour cost per employee - discontinued rising or falling in Iceland?
- Over the last ten years it is up 125.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Labour Organization, published as part of Average hourly labour cost per employee - Discontinued. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data on labour cost is presented, whenever possible, in nominal terms and on the basis of the mean hourly labour cost per employee. Labour cost is the cost incurred by the employer in the employment of labour in a specified reference period. It comprises remuneration for work performed, payments in respect of time paid for but not worked, bonuses and gratuities, the cost of food, drink and other payments in kind, cost of workers' housing borne by employers, employers' social security expenditures, cost to the employer for vocational training, welfare services and miscellaneous items, such as transport of workers, work clothes and recruitment, together with taxes regarded as labour cost. For more information, refer to the Prices, Costs, and Currency Conversions (PRICES) database description.