Labour productivity and unit labour costs - quarterly data in Iceland
Iceland: Labour productivity and unit labour costs - quarterly data was 99.9 Index, 2020=100 in 2026. ▲ Rising
Latest (2026)
99.9 Index, 2020=100
Change on year
down 4.5%
World rank
41st
of 46 countries
All-time high
110.76 Index, 2020=100
in 2022
All-time low
74.94 Index, 2020=100
in 1995
Years of data
32
1995–2026
Labour productivity and unit labour costs - quarterly data in Iceland, 1995–2026
Source: Eurostat. Measured in Index, 2020=100.
Analysis
In 2026, labour productivity and unit labour costs - quarterly data in Iceland stood at 99.9 Index, 2020=100.
That represents a change of down 4.5% on the previous year and down 2.6% over ten years.
Over the whole period, labour productivity and unit labour costs - quarterly data in Iceland peaked at 110.76 Index, 2020=100 in 2022 and was at its lowest, 74.94 Index, 2020=100, in 1995.
That places Iceland 41st out of 46 countries with data for 2026, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Labour productivity and unit labour costs - quarterly data in Iceland, year by year
| Year | Index, 2020=100 | Change |
|---|---|---|
| 1995 | 74.94 Index, 2020=100 | — |
| 1996 | 77.55 Index, 2020=100 | +3.5% |
| 1997 | 78.65 Index, 2020=100 | +1.4% |
| 1998 | 84.52 Index, 2020=100 | +7.5% |
| 1999 | 83.53 Index, 2020=100 | -1.2% |
| 2000 | 84.36 Index, 2020=100 | +1.0% |
| 2001 | 89.78 Index, 2020=100 | +6.4% |
| 2002 | 89.88 Index, 2020=100 | +0.1% |
| 2003 | 88.66 Index, 2020=100 | -1.4% |
| 2004 | 97.14 Index, 2020=100 | +9.6% |
| 2005 | 94.94 Index, 2020=100 | -2.3% |
| 2006 | 94.1 Index, 2020=100 | -0.9% |
| 2007 | 101.97 Index, 2020=100 | +8.4% |
| 2008 | 103.51 Index, 2020=100 | +1.5% |
| 2009 | 99.92 Index, 2020=100 | -3.5% |
| 2010 | 101.42 Index, 2020=100 | +1.5% |
| 2011 | 100.9 Index, 2020=100 | -0.5% |
| 2012 | 98.88 Index, 2020=100 | -2.0% |
| 2013 | 99.25 Index, 2020=100 | +0.4% |
| 2014 | 99.8 Index, 2020=100 | +0.6% |
| 2015 | 98.29 Index, 2020=100 | -1.5% |
| 2016 | 102.53 Index, 2020=100 | +4.3% |
| 2017 | 100.59 Index, 2020=100 | -1.9% |
| 2018 | 102.17 Index, 2020=100 | +1.6% |
| 2019 | 106.99 Index, 2020=100 | +4.7% |
| 2020 | 108.95 Index, 2020=100 | +1.8% |
| 2021 | 107.56 Index, 2020=100 | -1.3% |
| 2022 | 110.76 Index, 2020=100 | +3.0% |
| 2023 | 106.92 Index, 2020=100 | -3.5% |
| 2024 | 106.09 Index, 2020=100 | -0.8% |
| 2025 | 104.61 Index, 2020=100 | -1.4% |
| 2026 | 99.9 Index, 2020=100 | -4.5% |
Iceland compared with similar countries
- Iceland's 99.9 Index, 2020=100 is below the median for Europe & Central Asia, which is 106.71 Index, 2020=100, 94% of the median. (32 countries reporting)
- Iceland's 99.9 Index, 2020=100 is below the median for high income countries, which is 106.71 Index, 2020=100, 94% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 79.84 Index, 2020=100 | 74.94 Index, 2020=100 | 84.52 Index, 2020=100 | 5 |
| 2000s | 94.43 Index, 2020=100 | 84.36 Index, 2020=100 | 103.51 Index, 2020=100 | 10 |
| 2010s | 101.08 Index, 2020=100 | 98.29 Index, 2020=100 | 106.99 Index, 2020=100 | 10 |
| 2020s | 106.4 Index, 2020=100 | 99.9 Index, 2020=100 | 110.76 Index, 2020=100 | 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 productivity and unit labour costs - quarterly data in Iceland?
- Labour productivity and unit labour costs - quarterly data in Iceland was 99.9 Index, 2020=100 in 2026, according to Eurostat.
- What is the highest labour productivity and unit labour costs - quarterly data recorded in Iceland?
- The highest recorded value was 110.76 Index, 2020=100 in 2022.
- What is the lowest labour productivity and unit labour costs - quarterly data recorded in Iceland?
- The lowest recorded value was 74.94 Index, 2020=100 in 1995.
- How does Iceland rank for labour productivity and unit labour costs - quarterly data?
- Iceland ranks 41st out of 46 countries with data for 2026.
- Is labour productivity and unit labour costs - quarterly data rising or falling in Iceland?
- Over the last ten years it is down 2.6%. 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 - quarterly data. Statizoid updates them automatically from the source API.
Download this data
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