Labor share of gdp in Iceland
Iceland: Labor share of gdp was 66.3 in 2020. ▼ Falling
Latest (2020)
66.3
Change on year
up 6.2%
World rank
3rd
of 187 countries
All-time high
71.2
in 2007
All-time low
54.8
in 2009
Years of data
17
2004–2020
Labor share of gdp in Iceland, 2004–2020
Source: Our World in Data.
Analysis
Iceland recorded 66.3 for labor share of gdp in 2020.
The figure is up 6.2% on the previous year and up 16.3% over ten years.
Over the whole period, labor share of gdp in Iceland peaked at 71.2 in 2007 and was at its lowest, 54.8, in 2009.
That places Iceland 3rd out of 187 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently falling across the 17 years of available data.
Labor share of gdp in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 65.2 | — |
| 2005 | 69.4 | +6.4% |
| 2006 | 70.9 | +2.2% |
| 2007 | 71.2 | +0.4% |
| 2008 | 63.2 | -11.2% |
| 2009 | 54.8 | -13.3% |
| 2010 | 57 | +4.0% |
| 2011 | 60.3 | +5.8% |
| 2012 | 62.3 | +3.3% |
| 2013 | 63.2 | +1.4% |
| 2014 | 63.4 | +0.3% |
| 2015 | 61.3 | -3.3% |
| 2016 | 60.5 | -1.3% |
| 2017 | 61.5 | +1.7% |
| 2018 | 62 | +0.8% |
| 2019 | 62.4 | +0.6% |
| 2020 | 66.3 | +6.2% |
Iceland compared with similar countries
- Iceland's 66.3 is above the median for high income countries, which is 54.5, 1.2× the median. (62 countries reporting)
- Iceland's 66.3 is above the median for Europe & Central Asia, which is 54.2, 1.2× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 65.78 | 54.8 | 71.2 | 6 |
| 2010s | 61.39 | 57 | 63.4 | 10 |
| 2020s | 66.3 | 66.3 | 66.3 | 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 labor share of gdp in Iceland?
- Labor share of gdp in Iceland was 66.3 in 2020, according to Our World in Data.
- What is the highest labor share of gdp recorded in Iceland?
- The highest recorded value was 71.2 in 2007.
- What is the lowest labor share of gdp recorded in Iceland?
- The lowest recorded value was 54.8 in 2009.
- How does Iceland rank for labor share of gdp?
- Iceland ranks 3rd out of 187 countries with data for 2020.
- Is labor share of gdp rising or falling in Iceland?
- Over the last ten years it is up 16.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Labor share of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).