Labour cost index by NACE Rev. 2 activity - nominal value, annual data in Iceland
Iceland: Labour cost index by NACE Rev. 2 activity - nominal value, annual data was 144.3 Index, 2020=100 in 2025. ▲ Rising
Latest (2025)
144.3 Index, 2020=100
Change on year
up 9.0%
World rank
15th
of 40 countries
All-time high
144.3 Index, 2020=100
in 2025
All-time low
48.9 Index, 2020=100
in 2008
Years of data
18
2008–2025
Labour cost index by NACE Rev. 2 activity - nominal value, annual data in Iceland, 2008–2025
Source: Eurostat. Measured in Index, 2020=100.
Analysis
The most recent figure for labour cost index by nace rev. 2 activity - nominal value, annual data in Iceland is 144.3 Index, 2020=100, measured in 2025. That is the highest value across all 18 years on record.
The figure is up 9.0% on the previous year and up 94.0% over ten years.
Over the whole period, labour cost index by nace rev. 2 activity - nominal value, annual data in Iceland peaked at 144.3 Index, 2020=100 in 2025 and was at its lowest, 48.9 Index, 2020=100, in 2008.
That places Iceland 15th out of 40 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Labour cost index by NACE Rev. 2 activity - nominal value, annual data in Iceland, year by year
| Year | Index, 2020=100 | Change |
|---|---|---|
| 2008 | 48.9 Index, 2020=100 | — |
| 2009 | 51.7 Index, 2020=100 | +5.7% |
| 2010 | 54.5 Index, 2020=100 | +5.4% |
| 2011 | 57.5 Index, 2020=100 | +5.5% |
| 2012 | 61.4 Index, 2020=100 | +6.8% |
| 2013 | 64.7 Index, 2020=100 | +5.4% |
| 2014 | 69 Index, 2020=100 | +6.6% |
| 2015 | 74.4 Index, 2020=100 | +7.8% |
| 2016 | 80.1 Index, 2020=100 | +7.7% |
| 2017 | 86.1 Index, 2020=100 | +7.5% |
| 2018 | 91.3 Index, 2020=100 | +6.0% |
| 2019 | 96.2 Index, 2020=100 | +5.4% |
| 2020 | 100 Index, 2020=100 | +4.0% |
| 2021 | 108 Index, 2020=100 | +8.0% |
| 2022 | 116.6 Index, 2020=100 | +8.0% |
| 2023 | 126.3 Index, 2020=100 | +8.3% |
| 2024 | 132.4 Index, 2020=100 | +4.8% |
| 2025 | 144.3 Index, 2020=100 | +9.0% |
Iceland compared with similar countries
- Iceland's 144.3 Index, 2020=100 is above the median for Europe & Central Asia, which is 127.7 Index, 2020=100, 1.1× the median. (29 countries reporting)
- Iceland's 144.3 Index, 2020=100 is above the median for high income countries, which is 127.5 Index, 2020=100, 1.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 50.3 Index, 2020=100 | 48.9 Index, 2020=100 | 51.7 Index, 2020=100 | 2 |
| 2010s | 73.52 Index, 2020=100 | 54.5 Index, 2020=100 | 96.2 Index, 2020=100 | 10 |
| 2020s | 121.27 Index, 2020=100 | 100 Index, 2020=100 | 144.3 Index, 2020=100 | 6 |
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 labour cost index by nace rev. 2 activity - nominal value, annual data in Iceland?
- Labour cost index by nace rev. 2 activity - nominal value, annual data in Iceland was 144.3 Index, 2020=100 in 2025, according to Eurostat.
- What is the highest labour cost index by nace rev. 2 activity - nominal value, annual data recorded in Iceland?
- The highest recorded value was 144.3 Index, 2020=100 in 2025.
- What is the lowest labour cost index by nace rev. 2 activity - nominal value, annual data recorded in Iceland?
- The lowest recorded value was 48.9 Index, 2020=100 in 2008.
- How does Iceland rank for labour cost index by nace rev. 2 activity - nominal value, annual data?
- Iceland ranks 15th out of 40 countries with data for 2025.
- Is labour cost index by nace rev. 2 activity - nominal value, annual data rising or falling in Iceland?
- Over the last ten years it is up 94.0%. 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. 2 activity - nominal value, annual data. Statizoid updates them automatically from the source API.
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