Unemployment rate young vs older adults in Iceland
Iceland: Unemployment rate young vs older adults was 8.78 in 2024. ▲ Rising
Latest (2024)
8.78
Change on year
up 3.4%
World rank
132nd
of 188 countries
All-time high
15.86
in 2010
All-time low
4.19
in 1999
Years of data
34
1991–2024
Unemployment rate young vs older adults in Iceland, 1991–2024
Source: Our World in Data.
Analysis
In 2024, unemployment rate young vs older adults in Iceland stood at 8.78.
Compared with earlier readings it is up 3.4% on the previous year and down 8.2% over ten years.
Over the whole period, unemployment rate young vs older adults in Iceland peaked at 15.86 in 2010 and was at its lowest, 4.19, in 1999.
Iceland ranks 132nd of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Unemployment rate young vs older adults in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 4.85 | — |
| 1992 | 9.78 | +101.7% |
| 1993 | 9.89 | +1.2% |
| 1994 | 11.46 | +15.8% |
| 1995 | 11.7 | +2.1% |
| 1996 | 8.32 | -28.8% |
| 1997 | 7.83 | -5.9% |
| 1998 | 6.78 | -13.5% |
| 1999 | 4.19 | -38.3% |
| 2000 | 4.25 | +1.4% |
| 2001 | 4.86 | +14.5% |
| 2002 | 6.16 | +26.7% |
| 2003 | 11.81 | +91.9% |
| 2004 | 11.49 | -2.8% |
| 2005 | 7.05 | -38.6% |
| 2006 | 7.92 | +12.3% |
| 2007 | 6.68 | -15.6% |
| 2008 | 7.87 | +17.7% |
| 2009 | 15.46 | +96.4% |
| 2010 | 15.86 | +2.6% |
| 2011 | 14.15 | -10.8% |
| 2012 | 13.2 | -6.7% |
| 2013 | 10.41 | -21.1% |
| 2014 | 9.57 | -8.2% |
| 2015 | 8.58 | -10.3% |
| 2016 | 6.32 | -26.4% |
| 2017 | 7.54 | +19.4% |
| 2018 | 5.9 | -21.8% |
| 2019 | 8.45 | +43.2% |
| 2020 | 9.87 | +16.8% |
| 2021 | 11.83 | +19.8% |
| 2022 | 8.42 | -28.8% |
| 2023 | 8.49 | +0.8% |
| 2024 | 8.78 | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.31 | 4.19 | 11.7 | 9 |
| 2000s | 8.35 | 4.25 | 15.46 | 10 |
| 2010s | 10 | 5.9 | 15.86 | 10 |
| 2020s | 9.48 | 8.42 | 11.83 | 5 |
Countries ranked near Iceland
- 129 Bangladesh 9.1 compare
- 130 United States of America 8.92 compare
- 131 Comoros 8.81 compare
- 133 Netherlands 8.78 compare
- 134 Ecuador 8.57 compare
- 135 Sao Tome and Principe 8.56 compare
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 unemployment rate young vs older adults in Iceland?
- Unemployment rate young vs older adults in Iceland was 8.78 in 2024, according to Our World in Data.
- What is the highest unemployment rate young vs older adults recorded in Iceland?
- The highest recorded value was 15.86 in 2010.
- What is the lowest unemployment rate young vs older adults recorded in Iceland?
- The lowest recorded value was 4.19 in 1999.
- How does Iceland rank for unemployment rate young vs older adults?
- Iceland ranks 132nd out of 188 countries with data for 2024.
- Is unemployment rate young vs older adults rising or falling in Iceland?
- Over the last ten years it is down 8.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Unemployment rate young vs older adults. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (Our World in Data).