Iceland Unemployment Rate 1991-2020

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Iceland unemployment rate for 2019 was 2.84%, a 0.14% increase from 2018.
  • Iceland unemployment rate for 2018 was 2.70%, a 0.04% decline from 2017.
  • Iceland unemployment rate for 2017 was 2.74%, a 0.24% decline from 2016.
  • Iceland unemployment rate for 2016 was 2.98%, a 1% decline from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
Greece 17.24%
Spain 13.96%
New Caledonia 12.80%
French Polynesia 12.10%
Bahamas 10.36%
Barbados 10.33%
Italy 9.89%
Argentina 9.79%
Brunei 9.12%
Uruguay 8.73%
Virgin Islands (U.S.) 8.66%
France 8.43%
Puerto Rico 8.19%
Channel Islands 7.49%
Cyprus 7.27%
Chile 7.09%
Croatia 6.94%
Finland 6.60%
Latvia 6.52%
Sweden 6.48%
Lithuania 6.35%
Portugal 6.33%
Saudi Arabia 5.93%
Belgium 5.59%
Canada 5.56%
Slovak Republic 5.56%
Luxembourg 5.36%
Guam 5.31%
Australia 5.27%
Estonia 5.12%
Ireland 4.93%
Denmark 4.91%
Austria 4.67%
Switzerland 4.58%
Slovenia 4.20%
South Korea 4.15%
Singapore 4.11%
New Zealand 4.07%
Panama 3.90%
Israel 3.86%
United Kingdom 3.85%
United States 3.68%
Hong Kong 3.63%
Poland 3.47%
Malta 3.47%
Hungary 3.40%
Norway 3.35%
Netherlands 3.20%
Germany 3.04%
Iceland 2.84%
Trinidad and Tobago 2.69%
Oman 2.67%
UAE 2.35%
Japan 2.29%
Macao 2.24%
Kuwait 2.18%
Czech Republic 1.93%
Bahrain 0.71%
Qatar 0.09%
Iceland Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2019 2.84% 0.14%
2018 2.70% -0.04%
2017 2.74% -0.24%
2016 2.98% -1.00%
2015 3.98% -0.92%
2014 4.90% -0.48%
2013 5.38% -0.62%
2012 6.00% -1.03%
2011 7.03% -0.54%
2010 7.56% 0.34%
2009 7.22% 4.27%
2008 2.95% 0.70%
2007 2.25% -0.58%
2006 2.83% 0.28%
2005 2.55% -1.48%
2004 4.03% 0.03%
2003 4.00% 1.01%
2002 2.99% 1.11%
2001 1.87% -0.06%
2000 1.94% -0.24%
1999 2.18% -0.89%
1998 3.07% -0.65%
1997 3.72% 0.12%
1996 3.60% -1.60%
1995 5.20% -0.13%
1994 5.33% 0.07%
1993 5.26% 0.95%
1992 4.31% 1.76%
1991 2.55% 1.76%