SDG indicator 8.5.2: Unemployment rate in Iceland
Iceland: SDG indicator 8.5.2: Unemployment rate was 2.56 in 2016. ◆ Volatile
SDG indicator 8.5.2: Unemployment rate in Iceland, 2004–2016
Source: International Labour Organization.
Analysis
The most recent figure for sdg indicator 8.5.2: unemployment rate in Iceland is 2.56, measured in 2016.
That represents a change of down 33.7% on the previous year and up 70.0% over ten years.
Over the whole period, sdg indicator 8.5.2: unemployment rate in Iceland peaked at 7.79 in 2011 and was at its lowest, 0.836, in 2008.
Iceland ranks 52nd of 57 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
SDG indicator 8.5.2: Unemployment rate in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 2.15 | — |
| 2005 | 2.19 | +2.0% |
| 2006 | 1.5 | -31.5% |
| 2007 | 1.05 | -29.9% |
| 2008 | 0.836 | -20.6% |
| 2009 | 6.9 | +725.6% |
| 2010 | 7.63 | +10.5% |
| 2011 | 7.79 | +2.2% |
| 2012 | 6.85 | -12.2% |
| 2013 | 5.59 | -18.3% |
| 2014 | 4.71 | -15.8% |
| 2015 | 3.86 | -18.1% |
| 2016 | 2.56 | -33.7% |
Iceland compared with similar countries
- Iceland's 2.56 is below the median for high income countries, which is 6.26, 41% of the median. (36 countries reporting)
- Iceland's 2.56 is below the median for Europe & Central Asia, which is 6.65, 38% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where SDG indicator 8.5.2: Unemployment rate in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +725.6% | 0.836 | 6.9 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.44 | 0.836 | 6.9 | 6 |
| 2010s | 5.57 | 2.56 | 7.79 | 7 |
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 8.5.2: unemployment rate in Iceland?
- Sdg indicator 8.5.2: unemployment rate in Iceland was 2.56 in 2016, according to International Labour Organization.
- What is the highest sdg indicator 8.5.2: unemployment rate recorded in Iceland?
- The highest recorded value was 7.79 in 2011.
- What is the lowest sdg indicator 8.5.2: unemployment rate recorded in Iceland?
- The lowest recorded value was 0.836 in 2008.
- How does Iceland rank for sdg indicator 8.5.2: unemployment rate?
- Iceland ranks 52nd out of 57 countries with data for 2016.
- Is sdg indicator 8.5.2: unemployment rate rising or falling in Iceland?
- Over the last ten years it is up 70.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Labour Organization, published as part of SDG indicator 8.5.2: Unemployment rate (previous ILO definition - ICLS13). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 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. The unemployment rate conveys the number of persons who are unemployed as a percent of the labour force (i.e., the employed plus the unemployed). The unemployed comprise all persons of working age who were: a) without work during the reference period, i.e. were not in paid employment or self-employment; b) currently available for work, i.e. were available for paid employment or self-employment during the reference period; and c) seeking work, i.e. had taken specific steps in a specified recent period to seek paid employment or self-employment. The term disability, as defined in the International Classification of Functioning, Disability and Health (ICF), is used as an umbrella term, covering impairments, activity limitations, and participation restrictions. For measurement purposes, a person with disability is defined as a person who is limited in the kind or amount of activities that he or she can do because of ongoing difficulties due to a long-term physical condition, mental condition or health problem. For more information, refer to the Labour Market-related SDG Indicators (ILOSDG) database description.