Economic Outlook No 115 — Potential employment of total economy in Iceland
Iceland: Economic Outlook No 115 — Potential employment of total economy was 223,165 in 2025. ▲ Rising
Economic Outlook No 115 — Potential employment of total economy in Iceland, 1985–2025
Source: Organisation for Economic Co-operation and Development.
Analysis
The most recent figure for economic outlook no 115 — potential employment of total economy in Iceland is 223,165, measured in 2025. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 1.9% on the previous year and up 23.3% over ten years.
Over the whole period, economic outlook no 115 — potential employment of total economy in Iceland peaked at 223,165 in 2025 and was at its lowest, 125,331, in 1985.
Iceland ranks 29th of 29 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Economic Outlook No 115 — Potential employment of total economy in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1985 | 125,331 | — |
| 1986 | 127,196 | +1.5% |
| 1987 | 129,286 | +1.6% |
| 1988 | 131,519 | +1.7% |
| 1989 | 133,510 | +1.5% |
| 1990 | 135,160 | +1.2% |
| 1991 | 136,693 | +1.1% |
| 1992 | 138,102 | +1.0% |
| 1993 | 139,259 | +0.8% |
| 1994 | 140,274 | +0.7% |
| 1995 | 141,298 | +0.7% |
| 1996 | 142,482 | +0.8% |
| 1997 | 143,951 | +1.0% |
| 1998 | 145,795 | +1.3% |
| 1999 | 147,895 | +1.4% |
| 2000 | 150,024 | +1.4% |
| 2001 | 151,902 | +1.3% |
| 2002 | 153,435 | +1.0% |
| 2003 | 154,988 | +1.0% |
| 2004 | 157,183 | +1.4% |
| 2005 | 160,413 | +2.1% |
| 2006 | 164,855 | +2.8% |
| 2007 | 169,439 | +2.8% |
| 2008 | 172,921 | +2.1% |
| 2009 | 174,250 | +0.8% |
| 2010 | 174,285 | +0.0% |
| 2011 | 174,369 | +0.0% |
| 2012 | 175,072 | +0.4% |
| 2013 | 176,457 | +0.8% |
| 2014 | 178,432 | +1.1% |
| 2015 | 181,020 | +1.5% |
| 2016 | 184,564 | +2.0% |
| 2017 | 189,145 | +2.5% |
| 2018 | 194,210 | +2.7% |
| 2019 | 198,880 | +2.4% |
| 2020 | 202,831 | +2.0% |
| 2021 | 206,508 | +1.8% |
| 2022 | 210,581 | +2.0% |
| 2023 | 214,841 | +2.0% |
| 2024 | 219,089 | +2.0% |
| 2025 | 223,165 | +1.9% |
Iceland compared with similar countries
- Iceland's 223,165 is below the median for high income countries, which is 5.23 million, 4% of the median. (28 countries reporting)
- Iceland's 223,165 is below the median for Europe & Central Asia, which is 5.08 million, 4% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 129,368 | 125,331 | 133,510 | 5 |
| 1990s | 141,091 | 135,160 | 147,895 | 10 |
| 2000s | 160,941 | 150,024 | 174,250 | 10 |
| 2010s | 182,643 | 174,285 | 198,880 | 10 |
| 2020s | 212,836 | 202,831 | 223,165 | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is economic outlook no 115 — potential employment of total economy in Iceland?
- Economic outlook no 115 — potential employment of total economy in Iceland was 223,165 in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 115 — potential employment of total economy recorded in Iceland?
- The highest recorded value was 223,165 in 2025.
- What is the lowest economic outlook no 115 — potential employment of total economy recorded in Iceland?
- The lowest recorded value was 125,331 in 1985.
- How does Iceland rank for economic outlook no 115 — potential employment of total economy?
- Iceland ranks 29th out of 29 countries with data for 2025.
- Is economic outlook no 115 — potential employment of total economy rising or falling in Iceland?
- Over the last ten years it is up 23.3%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 115 — Potential employment of total economy. Statizoid updates them automatically from the source API.
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About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP