Unemployment rates of adults, by educational attainment, age group in Iceland

Iceland: Unemployment rates of adults, by educational attainment, age group was 3.81 Percentage of labour force in the same subgroup in 2023. ▲ Rising

Latest (2023)
3.81 Percentage of labour force in the same subgroup
Change on year
down 16.7%
World rank
32nd
of 37 countries
All-time high
11.3 Percentage of labour force in the same subgroup
in 2010
All-time low
1.55 Percentage of labour force in the same subgroup
in 2007
Years of data
21
2003–2023

Unemployment rates of adults, by educational attainment, age group in Iceland, 2003–2023

246810122003201320232003: 4.4 Percentage of labour force in the same subgroup2004: 2.7 Percentage of labour force in the same subgroup2005: 2.2 Percentage of labour force in the same subgroup2006: 2.7 Percentage of labour force in the same subgroup2007: 1.6 Percentage of labour force in the same subgroup2008: 2.7 Percentage of labour force in the same subgroup2009: 9.7 Percentage of labour force in the same subgroup2010: 11.3 Percentage of labour force in the same subgroup2011: 9.5 Percentage of labour force in the same subgroup2012: 7.6 Percentage of labour force in the same subgroup2013: 7.5 Percentage of labour force in the same subgroup2014: 7.1 Percentage of labour force in the same subgroup2015: 4.9 Percentage of labour force in the same subgroup2016: 4.3 Percentage of labour force in the same subgroup2017: 3.6 Percentage of labour force in the same subgroup2018: 3.5 Percentage of labour force in the same subgroup2019: 5 Percentage of labour force in the same subgroup2020: 8.1 Percentage of labour force in the same subgroup2021: 7.2 Percentage of labour force in the same subgroup2022: 4.6 Percentage of labour force in the same subgroup2023: 3.8 Percentage of labour force in the same subgroup

Source: Organisation for Economic Co-operation and Development. Measured in Percentage of labour force in the same subgroup.

Analysis

The most recent figure for unemployment rates of adults, by educational attainment, age group in Iceland is 3.81 Percentage of labour force in the same subgroup, measured in 2023.

That represents a change of down 16.7% on the previous year and down 48.9% over ten years.

Over the whole period, unemployment rates of adults, by educational attainment, age group in Iceland peaked at 11.3 Percentage of labour force in the same subgroup in 2010 and was at its lowest, 1.55 Percentage of labour force in the same subgroup, in 2007.

That places Iceland 32nd out of 37 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 21 years of available data.

Unemployment rates of adults, by educational attainment, age group in Iceland, year by year

Annual values for Unemployment rates of adults, by educational attainment, age group and gender in Iceland, 2003 to 2023.
Year Percentage of labour force in the same subgroup Change
2003 4.42 Percentage of labour force in the same subgroup
2004 2.65 Percentage of labour force in the same subgroup -40.0%
2005 2.25 Percentage of labour force in the same subgroup -15.3%
2006 2.74 Percentage of labour force in the same subgroup +22.1%
2007 1.55 Percentage of labour force in the same subgroup -43.4%
2008 2.73 Percentage of labour force in the same subgroup +75.6%
2009 9.67 Percentage of labour force in the same subgroup +254.3%
2010 11.3 Percentage of labour force in the same subgroup +16.8%
2011 9.5 Percentage of labour force in the same subgroup -15.9%
2012 7.57 Percentage of labour force in the same subgroup -20.3%
2013 7.45 Percentage of labour force in the same subgroup -1.6%
2014 7.13 Percentage of labour force in the same subgroup -4.3%
2015 4.94 Percentage of labour force in the same subgroup -30.7%
2016 4.31 Percentage of labour force in the same subgroup -12.8%
2017 3.61 Percentage of labour force in the same subgroup -16.4%
2018 3.51 Percentage of labour force in the same subgroup -2.6%
2019 5.01 Percentage of labour force in the same subgroup +42.9%
2020 8.11 Percentage of labour force in the same subgroup +61.6%
2021 7.21 Percentage of labour force in the same subgroup -11.1%
2022 4.57 Percentage of labour force in the same subgroup -36.6%
2023 3.81 Percentage of labour force in the same subgroup -16.7%

Averages by decade

DecadeAverage LowestHighest Years
2000s 3.72 Percentage of labour force in the same subgroup 1.55 Percentage of labour force in the same subgroup 9.67 Percentage of labour force in the same subgroup 7
2010s 6.43 Percentage of labour force in the same subgroup 3.51 Percentage of labour force in the same subgroup 11.3 Percentage of labour force in the same subgroup 10
2020s 5.92 Percentage of labour force in the same subgroup 3.81 Percentage of labour force in the same subgroup 8.11 Percentage of labour force in the same subgroup 4

Countries ranked near Iceland

  1. 29 Israel 3.91 Percentage of labour force in the same subgroup compare
  2. 30 Bulgaria 3.86 Percentage of labour force in the same subgroup compare
  3. 31 Norway 3.83 Percentage of labour force in the same subgroup compare
  4. 33 Indonesia 3.57 Percentage of labour force in the same subgroup compare
  5. 34 Mexico 3.41 Percentage of labour force in the same subgroup compare
  6. 35 Japan 3.24 Percentage of labour force in the same subgroup compare

See the full ranking of 48 places →

More work & labour data for Iceland

All data for Iceland →

Frequently asked questions

What is unemployment rates of adults, by educational attainment, age group in Iceland?
Unemployment rates of adults, by educational attainment, age group in Iceland was 3.81 Percentage of labour force in the same subgroup in 2023, according to Organisation for Economic Co-operation and Development.
What is the highest unemployment rates of adults, by educational attainment, age group recorded in Iceland?
The highest recorded value was 11.3 Percentage of labour force in the same subgroup in 2010.
What is the lowest unemployment rates of adults, by educational attainment, age group recorded in Iceland?
The lowest recorded value was 1.55 Percentage of labour force in the same subgroup in 2007.
How does Iceland rank for unemployment rates of adults, by educational attainment, age group?
Iceland ranks 32nd out of 37 countries with data for 2023.
Is unemployment rates of adults, by educational attainment, age group rising or falling in Iceland?
Over the last ten years it is down 48.9%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of Unemployment rates of adults, by educational attainment, age group and gender. Statizoid updates them automatically from the source API.

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Unemployment rates of adults, by educational attainment, age group in Iceland. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 10 September 2026, from https://labour.statizoid.com/stat/unemployment-rates-of-adults-by-educational-attainment-age-group-and-gender/iceland/

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About this data

Indicator
Unemployment rates of adults, by educational attainment, age group and gender
Unit
Percentage of labour force in the same subgroup
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
48 places, 1,245 data points, 1981–2025
Last refreshed

This dataset contains data on unemployment rates by educational attainment level, age group and gender. The default table displays 2025 data (or the latest available year) on the unemployment rates of 25-64 year-olds with below upper secondary, upper secondary or post-secondary non-tertiary, or tertiary attainment. The selection can be changed to display data by more detailed educational attainment level, by programme orientation, by gender and by age group. Filter the time period to display historical data. Data for the latest available year are preliminary. Final data will be released on September 29, 2026. For more information, please consult the Education at a Glance web page and the OECD Handbook for Internationally Comparative Education Statistics: Concepts, Standards, Definitions and Classifications.