Wages in Iceland increased to 868000 ISK/Month in 2023 from 809000 ISK/Month in 2022. Wages in Iceland averaged 588125.00 ISK/Month from 2008 until 2023, reaching an all time high of 868000.00 ISK/Month in 2023 and a record low of 380000.00 ISK/Month in 2008. source: Statistics Iceland

Wages in Iceland is expected to reach 887096.00 ISK/Month by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Average Monthly Wage is projected to trend around 901290.00 ISK/Month in 2026 and 915710.00 ISK/Month in 2027, according to our econometric models.




Related Last Previous Unit Reference
Employed Persons 231600.00 230400.00 Oct 2024
Employment Rate 79.40 79.10 percent Oct 2024
Labor Force Participation Rate 82.10 83.10 percent Oct 2024
Unemployed Persons 7900.00 11600.00 Oct 2024
Unemployment Rate 3.30 5.20 percent Oct 2024
Real Wage Growth 0.30 0.30 percent Nov 2024
Wages 868000.00 809000.00 ISK/Month Dec 2023
Youth Unemployment Rate 3.30 12.20 percent Nov 2024

Iceland Average Monthly Wage
Actual Previous Highest Lowest Dates Unit Frequency
868000.00 809000.00 868000.00 380000.00 2008 - 2023 ISK/Month Yearly