Labour market slack by NUTS 2 region in Iceland
Iceland: Labour market slack by NUTS 2 region was 23.8 Thousand persons in 2025. ▲ Rising
Labour market slack by NUTS 2 region in Iceland, 2008–2025
Source: Eurostat. Measured in Thousand persons.
Analysis
The most recent figure for labour market slack by nuts 2 region in Iceland is 23.8 Thousand persons, measured in 2025.
Compared with earlier readings it is up 3.5% on the previous year and down 11.2% over ten years.
Over the whole period, labour market slack by nuts 2 region in Iceland peaked at 28.6 Thousand persons in 2020 and was at its lowest, 9.3 Thousand persons, in 2008.
Iceland ranks 47th of 48 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Labour market slack by NUTS 2 region in Iceland, year by year
| Year | Thousand persons | Change |
|---|---|---|
| 2008 | 9.3 Thousand persons | — |
| 2009 | 18.2 Thousand persons | +95.7% |
| 2010 | 19.4 Thousand persons | +6.6% |
| 2011 | 18.8 Thousand persons | -3.1% |
| 2012 | 19.5 Thousand persons | +3.7% |
| 2013 | 18.9 Thousand persons | -3.1% |
| 2014 | 27.4 Thousand persons | +45.0% |
| 2015 | 26.8 Thousand persons | -2.2% |
| 2016 | 22.6 Thousand persons | -15.7% |
| 2017 | 21.4 Thousand persons | -5.3% |
| 2018 | 18.8 Thousand persons | -12.1% |
| 2019 | 19.7 Thousand persons | +4.8% |
| 2020 | 28.6 Thousand persons | +45.2% |
| 2021 | 27.6 Thousand persons | -3.5% |
| 2022 | 21 Thousand persons | -23.9% |
| 2023 | 21.8 Thousand persons | +3.8% |
| 2024 | 23 Thousand persons | +5.5% |
| 2025 | 23.8 Thousand persons | +3.5% |
Iceland compared with similar countries
- Iceland's 23.8 Thousand persons is below the median for Europe & Central Asia, which is 416.15 Thousand persons, 6% of the median. (34 countries reporting)
- Iceland's 23.8 Thousand persons is below the median for high income countries, which is 443.3 Thousand persons, 5% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Labour market slack by NUTS 2 region in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +95.7% | 9.3 Thousand persons | 18.2 Thousand persons |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.75 Thousand persons | 9.3 Thousand persons | 18.2 Thousand persons | 2 |
| 2010s | 21.33 Thousand persons | 18.8 Thousand persons | 27.4 Thousand persons | 10 |
| 2020s | 24.3 Thousand persons | 21 Thousand persons | 28.6 Thousand persons | 6 |
Countries ranked near Iceland
- 44 Luxembourg 52.2 Thousand persons compare
- 45 Cyprus 42 Thousand persons compare
- 46 Martinique 40.9 Thousand persons compare
- 48 Malta 16.8 Thousand persons compare
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 market slack by nuts 2 region in Iceland?
- Labour market slack by nuts 2 region in Iceland was 23.8 Thousand persons in 2025, according to Eurostat.
- What is the highest labour market slack by nuts 2 region recorded in Iceland?
- The highest recorded value was 28.6 Thousand persons in 2020.
- What is the lowest labour market slack by nuts 2 region recorded in Iceland?
- The lowest recorded value was 9.3 Thousand persons in 2008.
- How does Iceland rank for labour market slack by nuts 2 region?
- Iceland ranks 47th out of 48 countries with data for 2025.
- Is labour market slack by nuts 2 region rising or falling in Iceland?
- Over the last ten years it is down 11.2%. 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 market slack by NUTS 2 region. Statizoid updates them automatically from the source API.
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