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 2018 was 2.92%, a 0.18% increase 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.
  • Iceland unemployment rate for 2015 was 3.98%, a 0.92% decline from 2014.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
Greece 19.21%
Spain 15.49%
New Caledonia 13.62%
French Polynesia 12.02%
Bahamas 11.85%
Puerto Rico 11.44%
Italy 10.21%
Barbados 9.57%
Argentina 9.48%
Brunei 9.22%
France 9.18%
Croatia 8.85%
Virgin Islands (U.S.) 8.41%
Cyprus 8.11%
Uruguay 7.96%
Latvia 7.86%
Finland 7.76%
Channel Islands 7.29%
Chile 7.22%
Portugal 6.86%
Slovak Republic 6.76%
Sweden 6.44%
Belgium 6.32%
Lithuania 6.01%
Canada 5.92%
Saudi Arabia 5.92%
Ireland 5.69%
Guam 5.61%
Slovenia 5.51%
Estonia 5.51%
Luxembourg 5.47%
Australia 5.39%
Denmark 4.98%
Switzerland 4.88%
Austria 4.79%
Malta 4.58%
New Zealand 4.52%
United Kingdom 3.95%
Israel 3.95%
United States 3.93%
Panama 3.92%
Norway 3.92%
Netherlands 3.88%
South Korea 3.80%
Singapore 3.77%
Poland 3.67%
Hungary 3.66%
Germany 3.43%
Oman 3.11%
Iceland 2.92%
Trinidad and Tobago 2.83%
Hong Kong 2.78%
UAE 2.58%
Japan 2.45%
Czech Republic 2.40%
Kuwait 2.08%
Macao 2.02%
Bahrain 0.96%
Qatar 0.14%
Iceland Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2018 2.92% 0.18%
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%