Average monthly earnings of employees in Iceland
Iceland: Average monthly earnings of employees was 5,558 in 2020. ▲ Rising
Average monthly earnings of employees in Iceland, 2004–2020
Source: International Labour Organization.
Analysis
Iceland recorded 5,558 for average monthly earnings of employees in 2020.
The figure is down 2.8% on the previous year and up 118.7% over ten years.
Over the whole period, average monthly earnings of employees in Iceland peaked at 6,035 in 2018 and was at its lowest, 2,542, in 2010.
Iceland ranks 57th of 99 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Average monthly earnings of employees in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 2,673 | — |
| 2005 | 2,849 | +6.6% |
| 2006 | 3,739 | +31.2% |
| 2007 | 4,220 | +12.9% |
| 2008 | 4,611 | +9.3% |
| 2009 | 3,104 | -32.7% |
| 2010 | 2,542 | -18.1% |
| 2011 | 2,731 | +7.4% |
| 2012 | 2,921 | +7.0% |
| 2013 | 2,747 | -6.0% |
| 2014 | 3,361 | +22.4% |
| 2015 | 3,345 | -0.5% |
| 2016 | 4,130 | +23.4% |
| 2017 | 5,181 | +25.5% |
| 2018 | 6,035 | +16.5% |
| 2019 | 5,716 | -5.3% |
| 2020 | 5,558 | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3,533 | 2,673 | 4,611 | 6 |
| 2010s | 3,871 | 2,542 | 6,035 | 10 |
| 2020s | 5,558 | 5,558 | 5,558 | 1 |
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 monthly earnings of employees in Iceland?
- Average monthly earnings of employees in Iceland was 5,558 in 2020, according to International Labour Organization.
- What is the highest average monthly earnings of employees recorded in Iceland?
- The highest recorded value was 6,035 in 2018.
- What is the lowest average monthly earnings of employees recorded in Iceland?
- The lowest recorded value was 2,542 in 2010.
- How does Iceland rank for average monthly earnings of employees?
- Iceland ranks 57th out of 99 countries with data for 2020.
- Is average monthly earnings of employees rising or falling in Iceland?
- Over the last ten years it is up 118.7%. 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 monthly earnings of employees (15+). Statizoid updates them automatically from the source API.
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About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. The earnings of employees relate to the gross remuneration in cash and in kind paid to employees, as a rule at regular intervals, for time worked or work done together with remuneration for time not worked, such as annual vacation, other type of paid leave or holidays. Earnings exclude employers' contributions in respect of their employees paid to social security and pension schemes and also the benefits received by employees under these schemes. Earnings also exclude severance and termination pay. For more information, refer to the Wages and Working Time Statistics (COND) database description.