Economic Outlook No 116 — Dependent employment, total economy in Iceland
Iceland: Economic Outlook No 116 — Dependent employment, total economy was 175,544 in 2026. ▲ Rising
Economic Outlook No 116 — Dependent employment, total economy in Iceland, 1964–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
Iceland recorded 175,544 for economic outlook no 116 — dependent employment, total economy in 2026. That is the highest value across all 63 years on record.
The figure is up 0.8% on the previous year and up 8.6% over ten years.
Over the whole period, economic outlook no 116 — dependent employment, total economy in Iceland peaked at 175,544 in 2026 and was at its lowest, 59,174, in 1964.
That places Iceland 27th out of 27 countries with data for 2026, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 63 years of available data.
Economic Outlook No 116 — Dependent employment, total economy in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1964 | 59,174 | — |
| 1965 | 61,110 | +3.3% |
| 1966 | 61,666 | +0.9% |
| 1967 | 61,347 | -0.5% |
| 1968 | 61,067 | -0.5% |
| 1969 | 61,518 | +0.7% |
| 1970 | 64,492 | +4.8% |
| 1971 | 69,434 | +7.7% |
| 1972 | 71,478 | +2.9% |
| 1973 | 75,052 | +5.0% |
| 1974 | 77,175 | +2.8% |
| 1975 | 79,168 | +2.6% |
| 1976 | 82,634 | +4.4% |
| 1977 | 83,245 | +0.7% |
| 1978 | 86,180 | +3.5% |
| 1979 | 88,851 | +3.1% |
| 1980 | 92,171 | +3.7% |
| 1981 | 97,589 | +5.9% |
| 1982 | 100,085 | +2.6% |
| 1983 | 101,001 | +0.9% |
| 1984 | 102,222 | +1.2% |
| 1985 | 106,245 | +3.9% |
| 1986 | 107,688 | +1.4% |
| 1987 | 110,509 | +2.6% |
| 1988 | 107,456 | -2.8% |
| 1989 | 106,103 | -1.3% |
| 1990 | 106,063 | -0.0% |
| 1991 | 106,063 | +0.0% |
| 1992 | 107,463 | +1.3% |
| 1993 | 108,970 | +1.4% |
| 1994 | 109,245 | +0.3% |
| 1995 | 110,850 | +1.5% |
| 1996 | 113,047 | +2.0% |
| 1997 | 113,689 | +0.6% |
| 1998 | 118,099 | +3.9% |
| 1999 | 122,772 | +4.0% |
| 2000 | 124,802 | +1.7% |
| 2001 | 128,722 | +3.1% |
| 2002 | 127,270 | -1.1% |
| 2003 | 131,402 | +3.2% |
| 2004 | 131,159 | -0.2% |
| 2005 | 135,584 | +3.4% |
| 2006 | 140,208 | +3.4% |
| 2007 | 147,982 | +5.5% |
| 2008 | 151,038 | +2.1% |
| 2009 | 142,652 | -5.6% |
| 2010 | 141,052 | -1.1% |
| 2011 | 141,981 | +0.7% |
| 2012 | 144,139 | +1.5% |
| 2013 | 148,653 | +3.1% |
| 2014 | 151,196 | +1.7% |
| 2015 | 157,409 | +4.1% |
| 2016 | 161,596 | +2.7% |
| 2017 | 163,608 | +1.2% |
| 2018 | 164,996 | +0.8% |
| 2019 | 166,318 | +0.8% |
| 2020 | 167,443 | +0.7% |
| 2021 | 168,669 | +0.7% |
| 2022 | 170,022 | +0.8% |
| 2023 | 171,386 | +0.8% |
| 2024 | 172,762 | +0.8% |
| 2025 | 174,148 | +0.8% |
| 2026 | 175,544 | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 60,980 | 59,174 | 61,666 | 6 |
| 1970s | 77,771 | 64,492 | 88,851 | 10 |
| 1980s | 103,107 | 92,171 | 110,509 | 10 |
| 1990s | 111,626 | 106,063 | 122,772 | 10 |
| 2000s | 136,082 | 124,802 | 151,038 | 10 |
| 2010s | 154,095 | 141,052 | 166,318 | 10 |
| 2020s | 171,425 | 167,443 | 175,544 | 7 |
Countries ranked near Iceland
- 24 Ireland 2.46 million compare
- 25 New Zealand 2.35 million compare
- 26 Luxembourg 503,228 compare
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)
- Final consumption expenditure (constant 2015 US$), per capita 45,300 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 17.4 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 100,546 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 9.3 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 131.34 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 12.91 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.92 % change on previous year (2025)
Frequently asked questions
- What is economic outlook no 116 — dependent employment, total economy in Iceland?
- Economic outlook no 116 — dependent employment, total economy in Iceland was 175,544 in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 116 — dependent employment, total economy recorded in Iceland?
- The highest recorded value was 175,544 in 2026.
- What is the lowest economic outlook no 116 — dependent employment, total economy recorded in Iceland?
- The lowest recorded value was 59,174 in 1964.
- How does Iceland rank for economic outlook no 116 — dependent employment, total economy?
- Iceland ranks 27th out of 27 countries with data for 2026.
- Is economic outlook no 116 — dependent employment, total economy rising or falling in Iceland?
- Over the last ten years it is up 8.6%. 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 116 — Dependent employment, total economy. Statizoid updates them automatically from the source API.
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About this data
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 116 (Edition 2024/2) EO116 Database documentation EO116 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org