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 in 2025. ▲ Rising
Labour cost index by NACE Rev. 2 activity - nominal value, annual data in Iceland, 2008–2025
Source: Eurostat.
Analysis
The most recent figure for labour cost index by nace rev. 2 activity - nominal value, annual data in Iceland is 144.3, 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 in 2025 and was at its lowest, 48.9, in 2008.
That places Iceland 16th out of 41 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 | Value | Change |
|---|---|---|
| 2008 | 48.9 | — |
| 2009 | 51.7 | +5.7% |
| 2010 | 54.5 | +5.4% |
| 2011 | 57.5 | +5.5% |
| 2012 | 61.4 | +6.8% |
| 2013 | 64.7 | +5.4% |
| 2014 | 69 | +6.6% |
| 2015 | 74.4 | +7.8% |
| 2016 | 80.1 | +7.7% |
| 2017 | 86.1 | +7.5% |
| 2018 | 91.3 | +6.0% |
| 2019 | 96.2 | +5.4% |
| 2020 | 100 | +4.0% |
| 2021 | 108 | +8.0% |
| 2022 | 116.6 | +8.0% |
| 2023 | 126.3 | +8.3% |
| 2024 | 132.4 | +4.8% |
| 2025 | 144.3 | +9.0% |
Iceland compared with similar countries
- Iceland's 144.3 is above the median for Europe & Central Asia, which is 127.7, 1.1× the median. (29 countries reporting)
- Iceland's 144.3 is above the median for high income countries, which is 127.5, 1.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 50.3 | 48.9 | 51.7 | 2 |
| 2010s | 73.52 | 54.5 | 96.2 | 10 |
| 2020s | 121.27 | 100 | 144.3 | 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 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 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 in 2008.
- How does Iceland rank for labour cost index by nace rev. 2 activity - nominal value, annual data?
- Iceland ranks 16th out of 41 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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