Unemployment Rate in Iceland increased to 5.70 percent in August from 4.10 percent in July of 2025. This dataset provides the latest reported value for - Iceland Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The unemployment rate in Iceland stood at about 3.37 percent in 2024. From 1980 to 2024, the rate rose by approximately 3.06 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the rate will rise by around 0.63 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the unemployment rate, which can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The latter defines it as the number of unemployed people divided by the total labor force.

Graph and download economic data for Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Iceland (LRUN55MAISQ156S) from Q1 2003 to Q1 2025 about 55 to 64 years, Iceland, males, unemployment, and rate.

Iceland Unemployment Rate: 16 to 74 Years: sa: Male data was reported at 3.596 % in Mar 2025. This records a decrease from the previous number of 3.761 % for Feb 2025. Iceland Unemployment Rate: 16 to 74 Years: sa: Male data is updated monthly, averaging 4.167 % from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 10.248 % in Jan 2011 and a record low of 3.202 % in Sep 2018. Iceland Unemployment Rate: 16 to 74 Years: sa: Male data remains active status in CEIC and is reported by Statistics Iceland. The data is categorized under Global Database’s Iceland – Table IS.G016: Unemployment Rate: 16 to 74 Years.

View monthly updates and historical trends for Iceland Unemployment Rate. Source: Eurostat. Track economic data with YCharts analytics.

The youth unemployment rate in Iceland was 7.65 percent in 2024. Between 1991 and 2024, the youth unemployment rate rose by 2.8 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

Historical dataset showing Iceland unemployment rate by year from 1991 to 2024.

In Iceland, the monthly unemployment rate increased steadily through 2020, peaking at *** percent in November and December that year, before it started decreasing in 2021. In December 2022, the monthly unemployment rate in Iceland stood at only *** percent.

Iceland Unemployment Rate: Quarterly: Outside Capital Region data was reported at 1.518 % in Sep 2018. This records a decrease from the previous number of 2.982 % for Jun 2018. Iceland Unemployment Rate: Quarterly: Outside Capital Region data is updated quarterly, averaging 3.100 % from Mar 2003 (Median) to Sep 2018, with 63 observations. The data reached an all-time high of 7.300 % in Jun 2009 and a record low of 1.493 % in Sep 2017. Iceland Unemployment Rate: Quarterly: Outside Capital Region data remains active status in CEIC and is reported by Statistics Iceland . The data is categorized under Global Database’s Iceland – Table IS.G015: Unemployment Rate: 16 to 74 Years.

Employment Rate in Iceland decreased to 77.30 percent in August from 77.80 percent in July of 2025. This dataset provides - Iceland Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iceland: Unemployment rate: The latest value from 2024 is 3.11 percent, a decline from 3.52 percent in 2023. In comparison, the world average is 6.80 percent, based on data from 176 countries. Historically, the average for Iceland from 1991 to 2024 is 4.02 percent. The minimum value, 1.87 percent, was reached in 2001 while the maximum of 7.56 percent was recorded in 2010.

Youth Unemployment Rate in Iceland increased to 14 percent in August from 5.90 percent in July of 2025. This dataset provides the latest reported value for - Iceland Youth Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Iceland Unemployment Rate: Quarterly: Capital Region data was reported at 2.507 % in Sep 2018. This records a decrease from the previous number of 3.879 % for Jun 2018. Iceland Unemployment Rate: Quarterly: Capital Region data is updated quarterly, averaging 3.914 % from Mar 2003 (Median) to Sep 2018, with 63 observations. The data reached an all-time high of 10.100 % in Jun 2011 and a record low of 1.700 % in Dec 2007. Iceland Unemployment Rate: Quarterly: Capital Region data remains active status in CEIC and is reported by Statistics Iceland . The data is categorized under Global Database’s Iceland – Table IS.G015: Unemployment Rate: 16 to 74 Years.

Long Term Unemployment Rate in Iceland remained unchanged at 0.60 percent in 2024 from 0.60 percent in 2024. This dataset provides the latest reported value for - Iceland Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In Iceland, the quarterly unemployment rate for both men and women rose sharply through the two latter quarters of 2020. This can be explained by the outbreak of COVID-19. The rates fell sharply in the third quarter of 2021, reaching pre-pandemic levels for the first time since the outbreak. In the third quarter of 2023, the unemployment rate in Iceland was *** percent among men and *** percent among women.

Iceland: Unemployment rate for males: The latest value from 2024 is 3.23 percent, a decline from 3.87 percent in 2023. In comparison, the world average is 6.29 percent, based on data from 176 countries. Historically, the average for Iceland from 1991 to 2024 is 4.11 percent. The minimum value, 1.32 percent, was reached in 2000 while the maximum of 8.56 percent was recorded in 2009.

Graph and download economic data for Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: From 15 to 24 Years for Iceland (LRHU24TTISQ156S) from Q1 2003 to Q2 2025 about Iceland, 15 to 24 years, harmonized, unemployment, and rate.

Key information about Iceland Unemployment Rate

• Iceland Unemployment Rate increased to 3.35% in Dec 2024, from the previously reported figure of 3.34% in Nov 2024.
• Iceland Unemployment Rate is updated monthly, available from Jan 2003 to Dec 2024, with an average rate of 3.68%.
• The data reached an all-time high of 8.55% in Mar 2010 and a record low of 2.70% in Nov 2007.
• The data is reported by reported by Statistics Iceland.
• In the latest reports, Iceland Population reached 0.38 million people in Dec 2023.

Iceland: Unemployment rate for females: The latest value from 2024 is 2.96 percent, a decline from 3.1 percent in 2023. In comparison, the world average is 8.08 percent, based on data from 176 countries. Historically, the average for Iceland from 1991 to 2024 is 3.91 percent. The minimum value, 2.24 percent, was reached in 2001 while the maximum of 6.73 percent was recorded in 2010.

Iceland Unemployment Rate: Quarterly data was reported at 2.161 % in Sep 2018. This records a decrease from the previous number of 3.564 % for Jun 2018. Iceland Unemployment Rate: Quarterly data is updated quarterly, averaging 3.600 % from Mar 2003 (Median) to Sep 2018, with 63 observations. The data reached an all-time high of 9.000 % in Jun 2009 and a record low of 1.800 % in Sep 2005. Iceland Unemployment Rate: Quarterly data remains active status in CEIC and is reported by Statistics Iceland . The data is categorized under Global Database’s Iceland – Table IS.G015: Unemployment Rate: 16 to 74 Years.