Labour cost index by NACE Rev. 1.1 activity - country weights in Iceland

Iceland: Labour cost index by NACE Rev. 1.1 activity - country weights was 1 in 2004. ▲ Rising

Latest (2004)
1
Change on year
up 11.1%
World rank
27th
of 29 countries
All-time high
1
in 2000
All-time low
0.7
in 1996
Years of data
9
1996–2004

Labour cost index by NACE Rev. 1.1 activity - country weights in Iceland, 1996–2004

00.20.40.60.811996200020041996: 0.71997: 0.81998: 0.81999: 0.92000: 12001: 0.92002: 0.92003: 0.92004: 1

Source: Eurostat.

Analysis

In 2004, labour cost index by nace rev. 1.1 activity - country weights in Iceland stood at 1. That is the highest value across all 9 years on record.

The figure is up 11.1% on the previous year and up 42.9% over ten years.

Over the whole period, labour cost index by nace rev. 1.1 activity - country weights in Iceland peaked at 1 in 2000 and was at its lowest, 0.7, in 1996.

Iceland ranks 27th of 29 countries on this measure, in the bottom quarter.

Labour cost index by NACE Rev. 1.1 activity - country weights in Iceland, year by year

Annual values for Labour cost index by NACE Rev. 1.1 activity - country weights in Iceland, 1996 to 2004.
Year Value Change
1996 0.7
1997 0.8 +14.3%
1998 0.8 +0.0%
1999 0.9 +12.5%
2000 1 +11.1%
2001 0.9 -10.0%
2002 0.9 +0.0%
2003 0.9 +0.0%
2004 1 +11.1%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.8 0.7 0.9 4
2000s 0.94 0.9 1 5

Countries ranked near Iceland

  1. 24 Bulgaria 1.7 compare
  2. 24 Latvia 1.7 compare
  3. 26 Estonia 1.4 compare
  4. 27 Cyprus 1 compare
  5. 29 Malta 0.4 compare

See the full ranking of 29 places →

More work & labour data for Iceland

All data for Iceland →

Frequently asked questions

What is labour cost index by nace rev. 1.1 activity - country weights in Iceland?
Labour cost index by nace rev. 1.1 activity - country weights in Iceland was 1 in 2004, according to Eurostat.
What is the highest labour cost index by nace rev. 1.1 activity - country weights recorded in Iceland?
The highest recorded value was 1 in 2000.
What is the lowest labour cost index by nace rev. 1.1 activity - country weights recorded in Iceland?
The lowest recorded value was 0.7 in 1996.
How does Iceland rank for labour cost index by nace rev. 1.1 activity - country weights?
Iceland ranks 27th out of 29 countries with data for 2004.
Is labour cost index by nace rev. 1.1 activity - country weights rising or falling in Iceland?
Over the last ten years it is up 42.9%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from Eurostat, published as part of Labour cost index by NACE Rev. 1.1 activity - country weights. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (Eurostat).

Share, cite or embed this page

Cite this page

Labour cost index by NACE Rev. 1.1 activity - country weights in Iceland. Statizoid, drawing on Eurostat. Retrieved 25 August 2026, from https://labour.statizoid.com/stat/labour-cost-index-by-nace-rev-1-1-activity-country-weights/iceland/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (Eurostat); please keep the attribution.

<a href="https://labour.statizoid.com/stat/labour-cost-index-by-nace-rev-1-1-activity-country-weights/iceland/">Labour cost index by NACE Rev. 1.1 activity - country weights in Iceland</a> — Statizoid

About this data

Indicator
Labour cost index by NACE Rev. 1.1 activity - country weights
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
29 places, 343 data points, 1996–2007
Last refreshed