SDG indicator 8.5.1: Average hourly earnings of employees in Iceland
Iceland: SDG indicator 8.5.1: Average hourly earnings of employees was 4,230 in 2022. ▲ Rising
SDG indicator 8.5.1: Average hourly earnings of employees in Iceland, 2014–2022
Source: International Labour Organization.
Analysis
Iceland recorded 4,230 for sdg indicator 8.5.1: average hourly earnings of employees in 2022. That is the highest value across all 6 years on record.
That represents a change of up 6.3% on the previous year and up 53.3% over ten years.
Over the whole period, sdg indicator 8.5.1: average hourly earnings of employees in Iceland peaked at 4,230 in 2022 and was at its lowest, 2,760, in 2014.
That places Iceland 10th out of 68 countries with data for 2022, putting it in the top quarter.
SDG indicator 8.5.1: Average hourly earnings of employees in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2014 | 2,760 | — |
| 2015 | 3,010 | +9.1% |
| 2016 | 3,230 | +7.3% |
| 2017 | 3,430 | +6.2% |
| 2021 | 3,980 | +16.0% |
| 2022 | 4,230 | +6.3% |
Iceland compared with similar countries
- Iceland's 4,230 is above the median for high income countries, which is 32.71, 129.3× the median. (23 countries reporting)
- Iceland's 4,230 is above the median for Europe & Central Asia, which is 21.67, 195.2× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3,108 | 2,760 | 3,430 | 4 |
| 2020s | 4,105 | 3,980 | 4,230 | 2 |
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 sdg indicator 8.5.1: average hourly earnings of employees in Iceland?
- Sdg indicator 8.5.1: average hourly earnings of employees in Iceland was 4,230 in 2022, according to International Labour Organization.
- What is the highest sdg indicator 8.5.1: average hourly earnings of employees recorded in Iceland?
- The highest recorded value was 4,230 in 2022.
- What is the lowest sdg indicator 8.5.1: average hourly earnings of employees recorded in Iceland?
- The lowest recorded value was 2,760 in 2014.
- How does Iceland rank for sdg indicator 8.5.1: average hourly earnings of employees?
- Iceland ranks 10th out of 68 countries with data for 2022.
- Is sdg indicator 8.5.1: average hourly earnings of employees rising or falling in Iceland?
- Over the last ten years it is up 53.3%. 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 SDG indicator 8.5.1: Average hourly earnings of employees (previous ILO definition - ICLS13). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data may differ from nationally reported figures and the Global SDG Indicators Database due to differences in sources and/or reference years. This indicator presents data by sex on employees' average hourly earnings. The concept of earnings, as applied in wage statistics, relates to gross remuneration in cash and in kind paid to employees, as a rule at regular intervals, for time worked or work done together with remuneration for time not worked, such as annual vacation, other type of paid leave or holidays. Earnings exclude employers' contributions in respect of their employees paid to social security and pension schemes and also the benefits received by employees under these schemes. Earnings also exclude severance and termination pay. Data are also disaggregated by occupation. Statistics on average hourly earnings by sex are the basis for the calculation of the gender pay gap. Data disaggregated by occupation are provided according to the latest version of the International Standard Classification of Occupations (ISCO). Data may have been regrouped from the national classifications, which may not be strictly compatible with ISCO. For more information, refer to the Labour Market-related SDG Indicators (ILOSDG) database description.