Informal employment rate in Iceland
Iceland: Informal employment rate was 1.99 in 2020. ▼ Falling
Informal employment rate in Iceland, 2007–2020
Source: International Labour Organization.
Analysis
Iceland recorded 1.99 for informal employment rate in 2020.
The figure is down 12.1% on the previous year and down 33.1% over ten years.
Over the whole period, informal employment rate in Iceland peaked at 4.55 in 2007 and was at its lowest, 1.06, in 2018.
Iceland ranks 78th of 81 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 10 years of available data.
Informal employment rate in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 4.55 | — |
| 2008 | 4 | -12.0% |
| 2009 | 3.34 | -16.6% |
| 2010 | 2.97 | -11.1% |
| 2011 | 2.66 | -10.2% |
| 2012 | 3.17 | +19.2% |
| 2017 | 1.31 | -58.6% |
| 2018 | 1.06 | -19.2% |
| 2019 | 2.26 | +112.5% |
| 2020 | 1.99 | -12.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.96 | 3.34 | 4.55 | 3 |
| 2010s | 2.24 | 1.06 | 3.17 | 6 |
| 2020s | 1.99 | 1.99 | 1.99 | 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 informal employment rate in Iceland?
- Informal employment rate in Iceland was 1.99 in 2020, according to International Labour Organization.
- What is the highest informal employment rate recorded in Iceland?
- The highest recorded value was 4.55 in 2007.
- What is the lowest informal employment rate recorded in Iceland?
- The lowest recorded value was 1.06 in 2018.
- How does Iceland rank for informal employment rate?
- Iceland ranks 78th out of 81 countries with data for 2020.
- Is informal employment rate rising or falling in Iceland?
- Over the last ten years it is down 33.1%. 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 Informal employment rate (previous ILO definition - ICLS13). 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. This series is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. This harmonized series for informal employment is derived using the same set of criteria across countries to improve comparability. The criteria used are based on employment status, institutional sector, destination of production, bookkeeping, registration, social security contribution, places of work and size. Data disaggregated by economic activity are provided according to the latest version of the International Standard Industrial Classification of All Economic Activities (ISIC) available for that year. Data may have been regrouped from national classifications, which may not be strictly compatible with ISIC. For more information, refer to the Labour Force Statistics (LFS and STLFS) database description.