Monthly minimum wage (Local currency), per capita in Iceland
Iceland: Monthly minimum wage (Local currency), per capita was 1.1 units per person in 2024. ▲ Rising
Monthly minimum wage (Local currency), per capita in Iceland, 2019–2024
Source: Statizoid (derived). Measured in units per person.
Analysis
Iceland recorded 1.1 units per person for monthly minimum wage (local currency), per capita in 2024. That is the highest value across all 6 years on record.
The figure is up 5.7% on the previous year and up 32.5% over ten years.
That places Iceland 2nd out of 170 countries with data for 2024, putting it in the top 10%.
Monthly minimum wage (Local currency), per capita in Iceland, year by year
| Year | units per person | Change |
|---|---|---|
| 2019 | 0.832 units per person | — |
| 2020 | 0.9141 units per person | +9.9% |
| 2021 | 0.9422 units per person | +3.1% |
| 2022 | 0.9633 units per person | +2.2% |
| 2023 | 1.04 units per person | +8.3% |
| 2024 | 1.1 units per person | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.832 units per person | 0.832 units per person | 0.832 units per person | 1 |
| 2020s | 0.993 units per person | 0.9141 units per person | 1.1 units per person | 5 |
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 monthly minimum wage (local currency), per capita in Iceland?
- Monthly minimum wage (local currency), per capita in Iceland was 1.1 units per person in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), per capita recorded in Iceland?
- The highest recorded value was 1.1 units per person in 2024.
- What is the lowest monthly minimum wage (local currency), per capita recorded in Iceland?
- The lowest recorded value was 0.832 units per person in 2019.
- How does Iceland rank for monthly minimum wage (local currency), per capita?
- Iceland ranks 2nd out of 170 countries with data for 2024.
- Is monthly minimum wage (local currency), per capita rising or falling in Iceland?
- Over the last ten years it is up 32.5%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Monthly minimum wage (Local currency) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Monthly minimum wage (Local currency) ÷ Population, total
Computed from
- Monthly minimum wage International Labour Organization
- Population, total World Population Prospects, United Nations (UN)
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
Monthly minimum wage (Local currency) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.