Labour productivity and unit labour costs - annual data in Iceland
Iceland: Labour productivity and unit labour costs - annual data was 84,639 in 2025. ▲ Rising
Latest (2025)
84,639
Change on year
up 9.6%
World rank
3rd
of 35 countries
All-time high
84,639
in 2025
All-time low
21,618
in 1995
Years of data
31
1995–2025
Labour productivity and unit labour costs - annual data in Iceland, 1995–2025
Source: Eurostat.
Analysis
Iceland recorded 84,639 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 9.6% on the previous year and up 82.1% over ten years.
Over the whole period, labour productivity and unit labour costs - annual data in Iceland peaked at 84,639 in 2025 and was at its lowest, 21,618, in 1995.
That places Iceland 3rd out of 35 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 | Value | Change |
|---|---|---|
| 1995 | 21,618 | — |
| 1996 | 23,936 | +10.7% |
| 1997 | 25,684 | +7.3% |
| 1998 | 29,436 | +14.6% |
| 1999 | 33,215 | +12.8% |
| 2000 | 37,919 | +14.2% |
| 2001 | 34,351 | -9.4% |
| 2002 | 37,678 | +9.7% |
| 2003 | 39,299 | +4.3% |
| 2004 | 42,373 | +7.8% |
| 2005 | 48,939 | +15.5% |
| 2006 | 48,304 | -1.3% |
| 2007 | 52,638 | +9.0% |
| 2008 | 33,031 | -37.2% |
| 2009 | 27,577 | -16.5% |
| 2010 | 31,369 | +13.8% |
| 2011 | 34,099 | +8.7% |
| 2012 | 35,824 | +5.1% |
| 2013 | 37,415 | +4.4% |
| 2014 | 40,762 | +8.9% |
| 2015 | 46,479 | +14.0% |
| 2016 | 54,323 | +16.9% |
| 2017 | 63,271 | +16.5% |
| 2018 | 64,246 | +1.5% |
| 2019 | 61,900 | -3.7% |
| 2020 | 56,270 | -9.1% |
| 2021 | 62,653 | +11.3% |
| 2022 | 71,720 | +14.5% |
| 2023 | 73,836 | +3.0% |
| 2024 | 77,254 | +4.6% |
| 2025 | 84,639 | +9.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26,778 | 21,618 | 33,215 | 5 |
| 2000s | 40,211 | 27,577 | 52,638 | 10 |
| 2010s | 46,969 | 31,369 | 64,246 | 10 |
| 2020s | 71,062 | 56,270 | 84,639 | 6 |
Countries ranked near Iceland
- 1 Switzerland 108,598 compare
- 2 Luxembourg 92,757 compare
- 4 Belgium 74,042 compare
- 5 Norway 69,943 compare
- 6 Denmark 68,799 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 84,639 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 84,639 in 2025.
- What is the lowest labour productivity and unit labour costs - annual data recorded in Iceland?
- The lowest recorded value was 21,618 in 1995.
- How does Iceland rank for labour productivity and unit labour costs - annual data?
- Iceland ranks 3rd out of 35 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 82.1%. 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.
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