Iceland: Unemployment rate
* indicates monthly or quarterly data series
The most recent value is 2.4 percent as of June 2024, a decline compared to the previous value of 4 percent. Historically, the average for Iceland from January 1991 to June 2024 is 4.1 percent. The minimum of 0.9 percent was recorded in September 1991, while the maximum of 13.1 percent was reached in May 2010.
Click on the following link to see the values of: Unemployment rate around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Statistics Iceland
| Recent values | Iceland: Unemployment rate, percent |
|---|---|
| 2024 Jun | 2.4 |
| 2024 May | 4 |
| 2024 Apr | 4.3 |
| 2024 Mar | 4.5 |
| 2024 Feb | 3.6 |
| 2024 Jan | 4.4 |
| 2023 Dec | 3.8 |
| 2023 Nov | 2.8 |
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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 | Reference | Measure |
|---|---|---|---|
| Labor force | 0.23 | 2023 | million people |
| Unemployment rate | 3.56 | 2023 | percent |
| Female unemployment | 2.38 | 2023 | percent |
| Male unemployment | 3.62 | 2023 | percent |
| Youth unemployment | 6.55 | 2023 | percent |
| Labor force participation | 74.39 | 2023 | percent |
| Labor force: percent female | 45.95 | 2023 | percent |
| Female labor force participation | 70.07 | 2023 | percent |
| Male labor force participation | 78.51 | 2023 | percent |
| Self-employment | 13.67 | 2022 | percent |
| Employment | 0.23 | Q2/2024 | million employed people |
| Unemployment rate | 2.40 | 6/2024 | percent |
| Labor cost | 144.40 | Q1/2022 | index points |