Iceland: Unemployment rate

* indicates monthly or quarterly data series
 Iceland

Unemployment rate, percent

 Latest value 3.8
 Reference December 2023
 Measure percent
 Data availability January 1991 - December 2023
 Average 4.11
 Min - Max 0.9 - 13.1
 Source Statistics Iceland
For that indicator, we provide data for Iceland from January 1991 to December 2023. The average value for Iceland during that period was 4.11 percent with a minimum of 0.9 percent in September 1991 and a maximum of 13.1 percent in May 2010. Click on the following link to see the values of Unemployment rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
Iceland - Unemployment rate  - recent values

Historical chart
Iceland - Unemployment rate  - historical chart - 1991-2023
Measure: percent
Source: Statistics Iceland


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Definition: The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.

 Related indicators Latest value Reference Measure
 Labor force 0.23 2022 million people
 Unemployment rate 3.79 2022 percent
 Female unemployment 3.26 2022 percent
 Male unemployment 4.28 2022 percent
 Youth unemployment 6.55 2023 percent
 Labor force participation 74.39 2023 percent
 Labor force: percent female 46.09 2022 percent
 Female labor force participation 70.07 2023 percent
 Male labor force participation 78.51 2023 percent
 Self-employment 13.67 2022 percent
 Employment 0.22 Q3/2023 million employed people
 Unemployment rate 3.40 9/2023 percent
 Labor cost 134.80 Q3/2021 index points
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