Labour productivity and unit labour costs by industry in Iceland
Iceland: Labour productivity and unit labour costs by industry was 73.4 Euro in 2025. ▲ Rising
Latest (2025)
73.4 Euro
Change on year
up 12.9%
World rank
1st
of 40 countries
All-time high
73.4 Euro
in 2025
All-time low
16.5 Euro
in 1995
Years of data
31
1995–2025
Labour productivity and unit labour costs by industry in Iceland, 1995–2025
Source: Eurostat. Measured in Euro.
Analysis
In 2025, labour productivity and unit labour costs by industry in Iceland stood at 73.4 Euro. That is the highest value across all 31 years on record.
That represents a change of up 12.9% on the previous year and up 79.0% over ten years.
Over the whole period, labour productivity and unit labour costs by industry in Iceland peaked at 73.4 Euro in 2025 and was at its lowest, 16.5 Euro, in 1995.
Iceland ranks 1st of 40 countries on this measure, 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 by industry in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 1995 | 16.5 Euro | — |
| 1996 | 18.5 Euro | +12.1% |
| 1997 | 19.7 Euro | +6.5% |
| 1998 | 22.6 Euro | +14.7% |
| 1999 | 24.3 Euro | +7.5% |
| 2000 | 26 Euro | +7.0% |
| 2001 | 24.4 Euro | -6.2% |
| 2002 | 33.3 Euro | +36.5% |
| 2003 | 31.9 Euro | -4.2% |
| 2004 | 32.6 Euro | +2.2% |
| 2005 | 35.6 Euro | +9.2% |
| 2006 | 34.4 Euro | -3.4% |
| 2007 | 37.9 Euro | +10.2% |
| 2008 | 26.2 Euro | -30.9% |
| 2009 | 24.2 Euro | -7.6% |
| 2010 | 29.4 Euro | +21.5% |
| 2011 | 32.4 Euro | +10.2% |
| 2012 | 34.1 Euro | +5.2% |
| 2013 | 34.3 Euro | +0.6% |
| 2014 | 35.8 Euro | +4.4% |
| 2015 | 41 Euro | +14.5% |
| 2016 | 45.1 Euro | +10.0% |
| 2017 | 50.8 Euro | +12.6% |
| 2018 | 51.1 Euro | +0.6% |
| 2019 | 52.7 Euro | +3.1% |
| 2020 | 47.7 Euro | -9.5% |
| 2021 | 51.7 Euro | +8.4% |
| 2022 | 64.4 Euro | +24.6% |
| 2023 | 66.2 Euro | +2.8% |
| 2024 | 65 Euro | -1.8% |
| 2025 | 73.4 Euro | +12.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.32 Euro | 16.5 Euro | 24.3 Euro | 5 |
| 2000s | 30.65 Euro | 24.2 Euro | 37.9 Euro | 10 |
| 2010s | 40.67 Euro | 29.4 Euro | 52.7 Euro | 10 |
| 2020s | 61.4 Euro | 47.7 Euro | 73.4 Euro | 6 |
Countries ranked near Iceland
- 2 Norway 46 Euro compare
- 3 Denmark 34.7 Euro compare
- 4 Netherlands 32.6 Euro compare
- 4 Netherlands 32.6 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 by industry in Iceland?
- Labour productivity and unit labour costs by industry in Iceland was 73.4 Euro in 2025, according to Eurostat.
- What is the highest labour productivity and unit labour costs by industry recorded in Iceland?
- The highest recorded value was 73.4 Euro in 2025.
- What is the lowest labour productivity and unit labour costs by industry recorded in Iceland?
- The lowest recorded value was 16.5 Euro in 1995.
- How does Iceland rank for labour productivity and unit labour costs by industry?
- Iceland ranks 1st out of 40 countries with data for 2025.
- Is labour productivity and unit labour costs by industry rising or falling in Iceland?
- Over the last ten years it is up 79.0%. 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 productivity and unit labour costs by industry (NACE Rev.2). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Eurostat).