Economic Outlook No 115 — Trend labour efficiency in Iceland
Iceland: Economic Outlook No 115 — Trend labour efficiency was 8.11 million in 2025. ▲ Rising
Economic Outlook No 115 — Trend labour efficiency in Iceland, 1985–2025
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2025, economic outlook no 115 — trend labour efficiency in Iceland stood at 8.11 million. That is the highest value across all 41 years on record.
The figure is up 0.9% on the previous year and up 10.5% over ten years.
Over the whole period, economic outlook no 115 — trend labour efficiency in Iceland peaked at 8.11 million in 2025 and was at its lowest, 4.44 million, in 1985.
That places Iceland 2nd out of 30 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.53 million | 4.44 million | 4.63 million | 5 |
| 1990s | 5.03 million | 4.68 million | 5.47 million | 10 |
| 2000s | 6.19 million | 5.60 million | 6.75 million | 10 |
| 2010s | 7.28 million | 6.85 million | 7.66 million | 10 |
| 2020s | 7.92 million | 7.74 million | 8.11 million | 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)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate -1.47 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 12.93 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 1.27 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0058 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 171.46 (2025)
Frequently asked questions
- What is economic outlook no 115 — trend labour efficiency in Iceland?
- Economic outlook no 115 — trend labour efficiency in Iceland was 8.11 million in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 115 — trend labour efficiency recorded in Iceland?
- The highest recorded value was 8.11 million in 2025.
- What is the lowest economic outlook no 115 — trend labour efficiency recorded in Iceland?
- The lowest recorded value was 4.44 million in 1985.
- How does Iceland rank for economic outlook no 115 — trend labour efficiency?
- Iceland ranks 2nd out of 30 countries with data for 2025.
- Is economic outlook no 115 — trend labour efficiency rising or falling in Iceland?
- Over the last ten years it is up 10.5%. 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 — Trend labour efficiency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under OECD Terms and Conditions (attribution required).
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