Time-related underemployment (ILO modelled estimates) in Iceland

Iceland: Time-related underemployment (ILO modelled estimates) was 9.78 in 2027. ▲ Rising

Latest (2027)
9.78
Change on year
up 1.0%
World rank
165th
of 188 countries
All-time high
9.85
in 2014
All-time low
1.55
in 2009
Years of data
23
2005–2027

Time-related underemployment (ILO modelled estimates) in Iceland, 2005–2027

2468102005201620272005: 2.12006: 2.12007: 22008: 2.52009: 1.62010: 3.22011: 52012: 6.72013: 8.22014: 9.82015: 9.52016: 8.12017: 8.62018: 7.82019: 6.62020: 9.62021: 7.82022: 7.62023: 8.72024: 9.42025: 9.62026: 9.72027: 9.8

Source: International Labour Organization.

Analysis

In 2027, time-related underemployment (ilo modelled estimates) in Iceland stood at 9.78.

That represents a change of up 1.0% on the previous year and up 14.0% over ten years.

Over the whole period, time-related underemployment (ilo modelled estimates) in Iceland peaked at 9.85 in 2014 and was at its lowest, 1.55, in 2009.

That places Iceland 165th out of 188 countries with data for 2027, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 23 years of available data.

Time-related underemployment (ILO modelled estimates) in Iceland, year by year

Annual values for Time-related underemployment (ILO modelled estimates) (15+) in Iceland, 2005 to 2027.
Year Value Change
2005 2.14
2006 2.1 -2.0%
2007 2 -4.4%
2008 2.51 +25.2%
2009 1.55 -38.1%
2010 3.17 +104.3%
2011 4.97 +56.7%
2012 6.65 +33.9%
2013 8.24 +23.9%
2014 9.85 +19.5%
2015 9.54 -3.1%
2016 8.09 -15.2%
2017 8.58 +6.1%
2018 7.82 -8.8%
2019 6.61 -15.5%
2020 9.55 +44.5%
2021 7.82 -18.1%
2022 7.58 -3.1%
2023 8.73 +15.2%
2024 9.43 +8.0%
2025 9.56 +1.4%
2026 9.68 +1.3%
2027 9.78 +1.0%

Averages by decade

DecadeAverage LowestHighest Years
2000s 2.06 1.55 2.51 5
2010s 7.35 3.17 9.85 10
2020s 9.02 7.58 9.78 8

Countries ranked near Iceland

  1. 162 Estonia 10.51 compare
  2. 163 Fiji 10.11 compare
  3. 164 New Caledonia 9.89 compare
  4. 166 Malta 9.07 compare
  5. 167 Comoros 8.64 compare
  6. 168 Bulgaria 8.15 compare

See the full ranking of 276 places →

More work & labour data for Iceland

All data for Iceland →

Frequently asked questions

What is time-related underemployment (ilo modelled estimates) in Iceland?
Time-related underemployment (ilo modelled estimates) in Iceland was 9.78 in 2027, according to International Labour Organization.
What is the highest time-related underemployment (ilo modelled estimates) recorded in Iceland?
The highest recorded value was 9.85 in 2014.
What is the lowest time-related underemployment (ilo modelled estimates) recorded in Iceland?
The lowest recorded value was 1.55 in 2009.
How does Iceland rank for time-related underemployment (ilo modelled estimates)?
Iceland ranks 165th out of 188 countries with data for 2027.
Is time-related underemployment (ilo modelled estimates) rising or falling in Iceland?
Over the last ten years it is up 14.0%. 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 Time-related underemployment (ILO modelled estimates) (15+). Statizoid updates them automatically from the source API.

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Time-related underemployment (ILO modelled estimates) in Iceland. Statizoid, drawing on International Labour Organization. Retrieved 25 August 2026, from https://labour.statizoid.com/stat/time-related-underemployment-ilo-modelled-estimates-15/iceland/

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About this data

Indicator
Time-related underemployment (ILO modelled estimates) (15+)
Source
International Labour Organization
Licence
ILO Terms of Use (attribution required)
Coverage
276 places, 6,324 data points, 2005–2027
Last refreshed

Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. 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 ILO Modelled Estimates (ILOEST) database description.