Time-related underemployment (current ILO definition - ICLS19) in Iceland

Iceland: Time-related underemployment (current ILO definition - ICLS19) was 8.39 in 2023. ▼ Falling

Latest (2023)
8.39
Change on year
up 17.2%
World rank
56th
of 59 countries
All-time high
9.29
in 2014
All-time low
6.22
in 2019
Years of data
10
2014–2023

Time-related underemployment (current ILO definition - ICLS19) in Iceland, 2014–2023

02468102014201820232014: 9.32015: 92016: 7.62017: 82018: 7.42019: 6.22020: 92021: 7.42022: 7.22023: 8.4

Source: International Labour Organization.

Analysis

Iceland recorded 8.39 for time-related underemployment (current ilo definition - icls19) in 2023.

Compared with earlier readings it is up 17.2% on the previous year and down 9.7% over ten years.

Over the whole period, time-related underemployment (current ilo definition - icls19) in Iceland peaked at 9.29 in 2014 and was at its lowest, 6.22, in 2019.

Iceland ranks 56th of 59 countries on this measure, in the bottom quarter.

Time-related underemployment (current ILO definition - ICLS19) in Iceland, year by year

Annual values for Time-related underemployment (current ILO definition - ICLS19) (15+) in Iceland, 2014 to 2023.
Year Value Change
2014 9.29
2015 9.01 -3.0%
2016 7.63 -15.3%
2017 8.05 +5.5%
2018 7.36 -8.5%
2019 6.22 -15.5%
2020 8.97 +44.3%
2021 7.37 -17.9%
2022 7.17 -2.7%
2023 8.39 +17.2%

Averages by decade

DecadeAverage LowestHighest Years
2010s 7.93 6.22 9.29 6
2020s 7.97 7.17 8.97 4

Countries ranked near Iceland

  1. 53 Bulgaria 10.83 compare
  2. 54 Malta 10.77 compare
  3. 55 Bosnia and Herzegovina 9.38
  4. 57 Barbados 7.86 compare
  5. 58 Jordan 1.69 compare
  6. 59 Mongolia 1.5 compare

See the full ranking of 59 places →

More work & labour data for Iceland

All data for Iceland →

Frequently asked questions

What is time-related underemployment (current ilo definition - icls19) in Iceland?
Time-related underemployment (current ilo definition - icls19) in Iceland was 8.39 in 2023, according to International Labour Organization.
What is the highest time-related underemployment (current ilo definition - icls19) recorded in Iceland?
The highest recorded value was 9.29 in 2014.
What is the lowest time-related underemployment (current ilo definition - icls19) recorded in Iceland?
The lowest recorded value was 6.22 in 2019.
How does Iceland rank for time-related underemployment (current ilo definition - icls19)?
Iceland ranks 56th out of 59 countries with data for 2023.
Is time-related underemployment (current ilo definition - icls19) rising or falling in Iceland?
Over the last ten years it is down 9.7%. 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 Time-related underemployment (current ILO definition - ICLS19) (15+). Statizoid updates them automatically from the source API.

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Time-related underemployment (current ILO definition - ICLS19) in Iceland. Statizoid, drawing on International Labour Organization. Retrieved 01 September 2026, from https://labour.statizoid.com/stat/time-related-underemployment-current-ilo-definition-icls19-15/iceland/

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About this data

Indicator
Time-related underemployment (current ILO definition - ICLS19) (15+)
Source
International Labour Organization
Licence
ILO Terms of Use (attribution required)
Coverage
59 places, 586 data points, 2014–2025
Last refreshed

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. Persons in time-related underemployment comprise all persons in employment, who satisfy the following three criteria during the reference period: a) are willing to work additional hours; b) are available to work additional hours i.e., are ready, within a specified subsequent period, to work additional hours, given opportunities for additional work; and c) worked less than a threshold relating to working time i.e., persons whose hours actually worked in all jobs during the reference period were below a threshold, to be chosen according to national circumstances. For details, refer to the Resolution concerning the measurement of underemployment and inadequate employment situations. For more information, refer to the Work Statistics -- 19th ICLS (WORK) database description.