Labour productivity and unit labour costs - annual data in Iceland
Iceland: Labour productivity and unit labour costs - annual data was 85,093 Euro in 2025. ▲ Rising
Labour productivity and unit labour costs - annual data in Iceland, 1995–2025
Source: Eurostat. Measured in Euro.
Analysis
Iceland recorded 85,093 Euro for labour productivity and unit labour costs - annual data in 2025. That is the highest value across all 31 years on record.
That represents a change of up 10.2% on the previous year and up 83.1% over ten years.
Over the whole period, labour productivity and unit labour costs - annual data in Iceland peaked at 85,093 Euro in 2025 and was at its lowest, 21,828 Euro, in 1995.
That places Iceland 3rd out of 47 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 31 years of available data.
Labour productivity and unit labour costs - annual data in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 1995 | 21,828 Euro | — |
| 1996 | 24,160 Euro | +10.7% |
| 1997 | 25,674 Euro | +6.3% |
| 1998 | 29,432 Euro | +14.6% |
| 1999 | 33,210 Euro | +12.8% |
| 2000 | 37,914 Euro | +14.2% |
| 2001 | 34,346 Euro | -9.4% |
| 2002 | 37,673 Euro | +9.7% |
| 2003 | 39,293 Euro | +4.3% |
| 2004 | 42,367 Euro | +7.8% |
| 2005 | 48,932 Euro | +15.5% |
| 2006 | 48,293 Euro | -1.3% |
| 2007 | 52,632 Euro | +9.0% |
| 2008 | 33,031 Euro | -37.2% |
| 2009 | 27,577 Euro | -16.5% |
| 2010 | 31,369 Euro | +13.7% |
| 2011 | 34,098 Euro | +8.7% |
| 2012 | 35,824 Euro | +5.1% |
| 2013 | 37,414 Euro | +4.4% |
| 2014 | 40,761 Euro | +8.9% |
| 2015 | 46,479 Euro | +14.0% |
| 2016 | 54,322 Euro | +16.9% |
| 2017 | 63,270 Euro | +16.5% |
| 2018 | 64,236 Euro | +1.5% |
| 2019 | 61,887 Euro | -3.7% |
| 2020 | 56,270 Euro | -9.1% |
| 2021 | 62,652 Euro | +11.3% |
| 2022 | 71,713 Euro | +14.5% |
| 2023 | 73,834 Euro | +3.0% |
| 2024 | 77,220 Euro | +4.6% |
| 2025 | 85,093 Euro | +10.2% |
Iceland compared with similar countries
- Iceland's 85,093 Euro is above the median for Europe & Central Asia, which is 39,023 Euro, 2.2× the median. (34 countries reporting)
- Iceland's 85,093 Euro is above the median for high income countries, which is 42,493 Euro, 2.0× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Labour productivity and unit labour costs - annual data 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 |
|---|---|---|---|
| 2008 | -37.2% | 52,632 Euro | 33,031 Euro |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26,861 Euro | 21,828 Euro | 33,210 Euro | 5 |
| 2000s | 40,206 Euro | 27,577 Euro | 52,632 Euro | 10 |
| 2010s | 46,966 Euro | 31,369 Euro | 64,236 Euro | 10 |
| 2020s | 71,130 Euro | 56,270 Euro | 85,093 Euro | 6 |
Countries ranked near Iceland
- 1 Switzerland 108,597 Euro compare
- 2 Luxembourg 91,440 Euro compare
- 4 Belgium 74,089 Euro compare
- 5 Norway 69,943 Euro compare
- 6 Denmark 68,799 Euro 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 productivity and unit labour costs - annual data in Iceland?
- Labour productivity and unit labour costs - annual data in Iceland was 85,093 Euro in 2025, according to Eurostat.
- What is the highest labour productivity and unit labour costs - annual data recorded in Iceland?
- The highest recorded value was 85,093 Euro in 2025.
- What is the lowest labour productivity and unit labour costs - annual data recorded in Iceland?
- The lowest recorded value was 21,828 Euro in 1995.
- How does Iceland rank for labour productivity and unit labour costs - annual data?
- Iceland ranks 3rd out of 47 countries with data for 2025.
- Is labour productivity and unit labour costs - annual data rising or falling in Iceland?
- Over the last ten years it is up 83.1%. 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 productivity and unit labour costs - annual data. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Eurostat).