Wage gap by age — Senior to prime-age wage gap in Iceland
Iceland: Wage gap by age — Senior to prime-age wage gap was -7.39 Percentage of prime-age employees wage in 2018. ◆ Volatile
Wage gap by age — Senior to prime-age wage gap in Iceland, 2002–2018
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of prime-age employees wage.
Analysis
Iceland recorded -7.39 Percentage of prime-age employees wage for wage gap by age — senior to prime-age wage gap in 2018. That is the lowest value across all 5 years on record.
Compared with earlier readings it is down 402.0% over ten years.
Over the whole period, wage gap by age — senior to prime-age wage gap in Iceland peaked at 10.14 Percentage of prime-age employees wage in 2002 and was at its lowest, -7.39 Percentage of prime-age employees wage, in 2018.
Iceland ranks 21st of 36 countries on this measure, in the middle of the range.
Wage gap by age — Senior to prime-age wage gap in Iceland, year by year
| Year | Percentage of prime-age employees wage | Change |
|---|---|---|
| 2002 | 10.14 Percentage of prime-age employees wage | — |
| 2006 | 2.45 Percentage of prime-age employees wage | -75.9% |
| 2010 | 1.61 Percentage of prime-age employees wage | -34.2% |
| 2014 | -0.8534 Percentage of prime-age employees wage | -153.0% |
| 2018 | -7.39 Percentage of prime-age employees wage | +765.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.29 Percentage of prime-age employees wage | 2.45 Percentage of prime-age employees wage | 10.14 Percentage of prime-age employees wage | 2 |
| 2010s | -2.21 Percentage of prime-age employees wage | -7.39 Percentage of prime-age employees wage | 1.61 Percentage of prime-age employees wage | 3 |
Countries ranked near Iceland
- 18 Sweden -5.78 Percentage of prime-age employees wage compare
- 19 Argentina -6.02 Percentage of prime-age employees wage
- 20 Ireland -6.99 Percentage of prime-age employees wage compare
- 22 Norway -10.99 Percentage of prime-age employees wage compare
- 23 Israel -11.52 Percentage of prime-age employees wage compare
- 24 Peru -11.68 Percentage of prime-age employees wage 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 wage gap by age — senior to prime-age wage gap in Iceland?
- Wage gap by age — senior to prime-age wage gap in Iceland was -7.39 Percentage of prime-age employees wage in 2018, according to Organisation for Economic Co-operation and Development.
- What is the highest wage gap by age — senior to prime-age wage gap recorded in Iceland?
- The highest recorded value was 10.14 Percentage of prime-age employees wage in 2002.
- What is the lowest wage gap by age — senior to prime-age wage gap recorded in Iceland?
- The lowest recorded value was -7.39 Percentage of prime-age employees wage in 2018.
- How does Iceland rank for wage gap by age — senior to prime-age wage gap?
- Iceland ranks 21st out of 36 countries with data for 2018.
- Is wage gap by age — senior to prime-age wage gap rising or falling in Iceland?
- Over the last ten years it is down 402.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Wage gap by age — Senior to prime-age wage gap. Statizoid updates them automatically from the source API.
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About this data
This dataset contains age wage gaps defined as the difference between mean (median) earnings of 25-54 year-olds and that of 15-24 year-olds (respectively 55-64 year-olds) relative to mean (median) earnings of 25-54 year-olds. Earnings refer to gross earnings of full-time dependent employees unless otherwise indicated.