Monthly minimum wage (Local currency), annual growth rate in Iceland
Iceland: Monthly minimum wage (Local currency), annual growth rate was 5.9 % change on previous year in 2024. ▼ Falling
Monthly minimum wage (Local currency), annual growth rate in Iceland, 2020–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 5.9 % change on previous year for monthly minimum wage (local currency), annual growth rate in 2024.
That represents a change of down 36.5% on the previous year and down 49.4% over five years.
That places Iceland 65th out of 168 countries with data for 2024, putting it in the middle of the range.
Monthly minimum wage (Local currency), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2020 | 11.67 % change on previous year | — |
| 2021 | 4.78 % change on previous year | -59.1% |
| 2022 | 4.84 % change on previous year | +1.4% |
| 2023 | 9.3 % change on previous year | +92.1% |
| 2024 | 5.9 % change on previous year | -36.5% |
Countries ranked near Iceland
- 62 Hong Kong 6.67 % change on previous year compare
- 63 Guatemala 6.35 % change on previous year compare
- 64 Vietnam 5.98 % change on previous year compare
- 66 Bolivia 5.84 % change on previous year compare
- 67 Belgium 5.78 % change on previous year compare
- 68 Portugal 5.71 % change on previous year 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 monthly minimum wage (local currency), annual growth rate in Iceland?
- Monthly minimum wage (local currency), annual growth rate in Iceland was 5.9 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in Iceland?
- The highest recorded value was 11.67 % change on previous year in 2020.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Iceland?
- The lowest recorded value was 4.78 % change on previous year in 2021.
- How does Iceland rank for monthly minimum wage (local currency), annual growth rate?
- Iceland ranks 65th out of 168 countries with data for 2024.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Monthly minimum wage International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.