Gini index of monthly earnings of employees in Iceland
Iceland: Gini index of monthly earnings of employees was 0.312 in 2020. ▼ Falling
Gini index of monthly earnings of employees in Iceland, 2004–2020
Source: International Labour Organization.
Analysis
The most recent figure for gini index of monthly earnings of employees in Iceland is 0.312, measured in 2020.
That represents a change of up 0.3% on the previous year and down 1.9% over ten years.
Over the whole period, gini index of monthly earnings of employees in Iceland peaked at 0.36 in 2004 and was at its lowest, 0.301, in 2018.
Iceland ranks 62nd of 93 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Gini index of monthly earnings of employees in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 0.36 | — |
| 2005 | 0.356 | -1.1% |
| 2006 | 0.336 | -5.6% |
| 2007 | 0.342 | +1.8% |
| 2008 | 0.337 | -1.5% |
| 2009 | 0.324 | -3.9% |
| 2010 | 0.318 | -1.9% |
| 2011 | 0.329 | +3.5% |
| 2012 | 0.336 | +2.1% |
| 2013 | 0.334 | -0.6% |
| 2014 | 0.311 | -6.9% |
| 2015 | 0.309 | -0.6% |
| 2016 | 0.308 | -0.3% |
| 2017 | 0.304 | -1.3% |
| 2018 | 0.301 | -1.0% |
| 2019 | 0.311 | +3.3% |
| 2020 | 0.312 | +0.3% |
Iceland compared with similar countries
- Iceland's 0.312 is below the median for high income countries, which is 0.334, 93% of the median. (39 countries reporting)
- Iceland's 0.312 is below the median for Europe & Central Asia, which is 0.313, 100% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3425 | 0.324 | 0.36 | 6 |
| 2010s | 0.3161 | 0.301 | 0.336 | 10 |
| 2020s | 0.312 | 0.312 | 0.312 | 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 gini index of monthly earnings of employees in Iceland?
- Gini index of monthly earnings of employees in Iceland was 0.312 in 2020, according to International Labour Organization.
- What is the highest gini index of monthly earnings of employees recorded in Iceland?
- The highest recorded value was 0.36 in 2004.
- What is the lowest gini index of monthly earnings of employees recorded in Iceland?
- The lowest recorded value was 0.301 in 2018.
- How does Iceland rank for gini index of monthly earnings of employees?
- Iceland ranks 62nd out of 93 countries with data for 2020.
- Is gini index of monthly earnings of employees rising or falling in Iceland?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Labour Organization, published as part of Gini index of monthly earnings of employees (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under ILO Terms of Use (attribution required).
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 Gini index measures the degree of inequality in the distribution of earnings among employees. It ranges from 0 to 1, where 0 indicates perfect equality (all employees have the same earnings) and higher values indicate greater inequality. The index is calculated from the distribution of employees earnings. For more information, refer to the Wages and Working Time Statistics (COND) database description.