Labour income share as a percent of GDP in Iceland
Iceland: Labour income share as a percent of GDP was 63.52 in 2026. ▼ Falling
Labour income share as a percent of GDP in Iceland, 2004–2026
Source: International Labour Organization.
Analysis
Iceland recorded 63.52 for labour income share as a percent of gdp in 2026.
Compared with earlier readings it is down 0.2% on the previous year and up 1.1% over ten years.
Over the whole period, labour income share as a percent of gdp in Iceland peaked at 73.46 in 2007 and was at its lowest, 57.66, in 2009.
Iceland ranks 4th of 188 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 23 years of available data.
Labour income share as a percent of GDP in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 67.97 | — |
| 2005 | 71.44 | +5.1% |
| 2006 | 72.65 | +1.7% |
| 2007 | 73.46 | +1.1% |
| 2008 | 66.5 | -9.5% |
| 2009 | 57.66 | -13.3% |
| 2010 | 59.1 | +2.5% |
| 2011 | 62.62 | +6.0% |
| 2012 | 65.44 | +4.5% |
| 2013 | 65.8 | +0.5% |
| 2014 | 66.17 | +0.6% |
| 2015 | 63.49 | -4.1% |
| 2016 | 62.85 | -1.0% |
| 2017 | 67.79 | +7.9% |
| 2018 | 67.79 | -0.0% |
| 2019 | 68.82 | +1.5% |
| 2020 | 67.3 | -2.2% |
| 2021 | 66.6 | -1.0% |
| 2022 | 64.44 | -3.2% |
| 2023 | 64.31 | -0.2% |
| 2024 | 64.15 | -0.2% |
| 2025 | 63.63 | -0.8% |
| 2026 | 63.52 | -0.2% |
Iceland compared with similar countries
- Iceland's 63.52 is above the median for high income countries, which is 53.63, 1.2× the median. (62 countries reporting)
- Iceland's 63.52 is above the median for Europe & Central Asia, which is 53.4, 1.2× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 68.28 | 57.66 | 73.46 | 6 |
| 2010s | 64.99 | 59.1 | 68.82 | 10 |
| 2020s | 64.85 | 63.52 | 67.3 | 7 |
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 income share as a percent of gdp in Iceland?
- Labour income share as a percent of gdp in Iceland was 63.52 in 2026, according to International Labour Organization.
- What is the highest labour income share as a percent of gdp recorded in Iceland?
- The highest recorded value was 73.46 in 2007.
- What is the lowest labour income share as a percent of gdp recorded in Iceland?
- The lowest recorded value was 57.66 in 2009.
- How does Iceland rank for labour income share as a percent of gdp?
- Iceland ranks 4th out of 188 countries with data for 2026.
- Is labour income share as a percent of gdp rising or falling in Iceland?
- Over the last ten years it is up 1.1%. 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 Labour income share as a percent of GDP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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CSV · JSON — 23 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. The labour income share in GDP is the ratio, in percentage, between total labour income and gross domestic product (a measure of total output), both provided in nominal terms. Labour income includes the compensation of employees and part of the income of the self-employed. Self-employed workers earn from both their work and capital ownership. Total compensation of employees refers to the remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. The labour income of self-employed is imputed on the basis of a statistical analysis of employees of similar characteristics. The labour income share after accounting for the labour income of the self-employed is often referred to as the adjusted labour income share in GDP. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.