LU4: Composite measure of labour underutilization in Iceland
Iceland: LU4: Composite measure of labour underutilization was 24.16 in 2023. ▲ Rising
LU4: Composite measure of labour underutilization in Iceland, 2000–2023
Source: International Labour Organization.
Analysis
Iceland recorded 24.16 for lu4: composite measure of labour underutilization in 2023.
That represents a change of up 8.6% on the previous year and down 11.0% over ten years.
Over the whole period, lu4: composite measure of labour underutilization in Iceland peaked at 28.76 in 2021 and was at its lowest, 8.95, in 2007.
That places Iceland 75th out of 79 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
LU4: Composite measure of labour underutilization in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 9.36 | — |
| 2001 | 14.39 | +53.8% |
| 2002 | 16.2 | +12.6% |
| 2006 | 9.77 | -39.7% |
| 2007 | 8.95 | -8.4% |
| 2014 | 27.16 | +203.4% |
| 2015 | 25.91 | -4.6% |
| 2016 | 21.84 | -15.7% |
| 2017 | 21.22 | -2.9% |
| 2018 | 18.28 | -13.8% |
| 2019 | 19.4 | +6.1% |
| 2020 | 28.45 | +46.6% |
| 2021 | 28.76 | +1.1% |
| 2022 | 22.24 | -22.7% |
| 2023 | 24.16 | +8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.73 | 8.95 | 16.2 | 5 |
| 2010s | 22.3 | 18.28 | 27.16 | 6 |
| 2020s | 25.9 | 22.24 | 28.76 | 4 |
Countries ranked near Iceland
- 72 Luxembourg 52.78 compare
- 73 Republic of Moldova 41.32 compare
- 74 Brunei Darussalam 24.85 compare
- 76 Malta 23.66 compare
- 77 Belize 20.63 compare
- 78 Barbados 17.08 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 lu4: composite measure of labour underutilization in Iceland?
- Lu4: composite measure of labour underutilization in Iceland was 24.16 in 2023, according to International Labour Organization.
- What is the highest lu4: composite measure of labour underutilization recorded in Iceland?
- The highest recorded value was 28.76 in 2021.
- What is the lowest lu4: composite measure of labour underutilization recorded in Iceland?
- The lowest recorded value was 8.95 in 2007.
- How does Iceland rank for lu4: composite measure of labour underutilization?
- Iceland ranks 75th out of 79 countries with data for 2023.
- Is lu4: composite measure of labour underutilization rising or falling in Iceland?
- Over the last ten years it is down 11.0%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Labour Organization, published as part of LU4: Composite measure of labour underutilization. Statizoid updates them automatically from the source API.
Download this data
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About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. LU4 represents the share of the extended labour force that are in unemployment, time-related underemployment or the potential labour force. For more information, refer to the Labour Force Statistics (LFS and STLFS) database description.