Unemployment Rate in Iceland increased to 4.40 percent in October from 3.90 percent in September 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.

Graph and download economic data for Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Iceland (LRUN74TTISQ156S) from Q1 2003 to Q2 2025 about 15 to 74 years, Iceland, unemployment, and rate.

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.

Iceland Unemployment Rate: 16 to 74 Years data was reported at 3.648 % in Mar 2025. This records a decrease from the previous number of 6.046 % for Feb 2025. Iceland Unemployment Rate: 16 to 74 Years data is updated monthly, averaging 4.343 % from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 12.459 % in May 2011 and a record low of 1.151 % in Jul 2017. Iceland Unemployment Rate: 16 to 74 Years 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.

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.

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.

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

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

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.

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.

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.

Graph and download economic data for Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Iceland (LMUNRRTTISA156N) from 1988 to 2011 about Iceland, unemployment, and rate.

Iceland Unemployment Rate: Quarterly: Female: Outside Capital Region data was reported at 1.396 % in Sep 2018. This records a decrease from the previous number of 3.321 % for Jun 2018. Iceland Unemployment Rate: Quarterly: Female: 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 5.900 % in Dec 2010 and a record low of 0.832 % in Sep 2017. Iceland Unemployment Rate: Quarterly: Female: 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.

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.

Unemployment rates in Iceland were highest within the age group 16-24, standing at 8.4 percent in 2022. It was lowest among people aged between 55 and 74 years at only two percent. The unemployment rate is the share of unemployed people in the total workforce.

Youth Unemployment Rate in Iceland decreased to 6.90 percent in October from 9.70 percent in September 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.

Graph and download economic data for Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Iceland (LRUN74TTISA156S) from 2003 to 2024 about 15 to 74 years, Iceland, unemployment, and rate.

Dataset of the Iceland Annual Unemployment Rate, including historical data, latest releases, and long-term trends from 1991-12-31 to 2024-12-31. Available for free download in CSV format.

Historical dataset showing Iceland youth 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.