Time-related underemployment in Iceland

Iceland: Time-related underemployment was 0.8 in 2020. ▲ Rising

Latest (2020)
0.8
Change on year
down 13.7%
World rank
48th
of 48 countries
All-time high
1.71
in 2011
All-time low
0.306
in 2006
Years of data
17
2004–2020

Time-related underemployment in Iceland, 2004–2020

0.511.52004201220202004: 12005: 0.6822006: 0.3062007: 0.4632008: 0.3372009: 1.52010: 1.52011: 1.72012: 1.32013: 0.9492014: 0.9982015: 1.12016: 0.6792017: 0.912018: 0.8982019: 0.9272020: 0.8

Source: International Labour Organization.

Analysis

The most recent figure for time-related underemployment in Iceland is 0.8, measured in 2020.

That represents a change of down 13.7% on the previous year and down 48.3% over ten years.

Over the whole period, time-related underemployment in Iceland peaked at 1.71 in 2011 and was at its lowest, 0.306, in 2006.

That places Iceland 48th out of 48 countries with data for 2020, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 17 years of available data.

Time-related underemployment in Iceland, year by year

Annual values for Time-related underemployment (previous ILO definition - ICLS13) in Iceland, 2004 to 2020.
Year Value Change
2004 1
2005 0.682 -32.1%
2006 0.306 -55.1%
2007 0.463 +51.3%
2008 0.337 -27.2%
2009 1.48 +337.7%
2010 1.55 +4.9%
2011 1.71 +10.3%
2012 1.33 -22.0%
2013 0.949 -28.8%
2014 0.998 +5.2%
2015 1.07 +7.5%
2016 0.679 -36.7%
2017 0.91 +34.0%
2018 0.898 -1.3%
2019 0.927 +3.2%
2020 0.8 -13.7%

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.7112 0.306 1.48 6
2010s 1.1 0.679 1.71 10
2020s 0.8 0.8 0.8 1

Countries ranked near Iceland

  1. 45 Luxembourg 2.33 compare
  2. 46 Mongolia 1.5 compare
  3. 47 Seychelles 1.01

See the full ranking of 48 places →

More work & labour data for Iceland

All data for Iceland →

Frequently asked questions

What is time-related underemployment in Iceland?
Time-related underemployment in Iceland was 0.8 in 2020, according to International Labour Organization.
What is the highest time-related underemployment recorded in Iceland?
The highest recorded value was 1.71 in 2011.
What is the lowest time-related underemployment recorded in Iceland?
The lowest recorded value was 0.306 in 2006.
How does Iceland rank for time-related underemployment?
Iceland ranks 48th out of 48 countries with data for 2020.
Is time-related underemployment rising or falling in Iceland?
Over the last ten years it is down 48.3%. 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 Time-related underemployment (previous ILO definition - ICLS13). Statizoid updates them automatically from the source API.

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Time-related underemployment in Iceland. Statizoid, drawing on International Labour Organization. Retrieved 02 September 2026, from https://labour.statizoid.com/stat/time-related-underemployment-previous-ilo-definition-icls13/iceland/

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About this data

Indicator
Time-related underemployment (previous ILO definition - ICLS13)
Source
International Labour Organization
Licence
ILO Terms of Use (attribution required)
Coverage
48 places, 673 data points, 1996–2025
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 is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. 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. 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 Disability Labour Market Indicators (DLMI) database description.