LU4: Composite rate of labour underutilization (current ILO) in Iceland
Iceland: LU4: Composite rate of labour underutilization (current ILO) was 10.66 in 2025. ▼ Falling
LU4: Composite rate of labour underutilization (current ILO) in Iceland, 2014–2025
Source: International Labour Organization.
Analysis
In 2025, lu4: composite rate of labour underutilization (current ilo) in Iceland stood at 10.66.
That represents a change of up 4.3% on the previous year and down 17.5% over ten years.
Over the whole period, lu4: composite rate of labour underutilization (current ilo) in Iceland peaked at 13.89 in 2014 and was at its lowest, 8.73, in 2018.
That places Iceland 35th out of 56 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 12 years of available data.
LU4: Composite rate of labour underutilization (current ILO) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2014 | 13.89 | — |
| 2015 | 12.92 | -7.0% |
| 2016 | 10.67 | -17.4% |
| 2017 | 10.25 | -4.0% |
| 2018 | 8.73 | -14.8% |
| 2019 | 9.06 | +3.7% |
| 2020 | 13.29 | +46.8% |
| 2021 | 13.17 | -0.9% |
| 2022 | 9.86 | -25.1% |
| 2023 | 10.23 | +3.8% |
| 2024 | 10.23 | -0.0% |
| 2025 | 10.66 | +4.3% |
Iceland compared with similar countries
- Iceland's 10.66 is below the median for high income countries, which is 12.04, 89% of the median. (43 countries reporting)
- Iceland's 10.66 is below the median for Europe & Central Asia, which is 12.04, 89% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.92 | 8.73 | 13.89 | 6 |
| 2020s | 11.24 | 9.86 | 13.29 | 6 |
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 lu4: composite rate of labour underutilization (current ilo) in Iceland?
- Lu4: composite rate of labour underutilization (current ilo) in Iceland was 10.66 in 2025, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization (current ilo) recorded in Iceland?
- The highest recorded value was 13.89 in 2014.
- What is the lowest lu4: composite rate of labour underutilization (current ilo) recorded in Iceland?
- The lowest recorded value was 8.73 in 2018.
- How does Iceland rank for lu4: composite rate of labour underutilization (current ilo)?
- Iceland ranks 35th out of 56 countries with data for 2025.
- Is lu4: composite rate of labour underutilization (current ilo) rising or falling in Iceland?
- Over the last ten years it is down 17.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Labour Organization, published as part of LU4: Composite rate of labour underutilization (current ILO definition - ICLS19) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under ILO Terms of Use (attribution required).
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 includes only countries for which the 19th ICLS definitions are applied. 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 Work Statistics -- 19th ICLS (WORK) database description.