ILOSTAT - Labour force survey — Labour force participation rate by in Iceland
Iceland: ILOSTAT - Labour force survey — Labour force participation rate by was 25.86 % in 2024. ▼ Falling
ILOSTAT - Labour force survey — Labour force participation rate by in Iceland, 1995–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, ilostat - labour force survey — labour force participation rate by in Iceland stood at 25.86 %.
That represents a change of down 1.6% on the previous year and down 44.6% over ten years.
Over the whole period, ilostat - labour force survey — labour force participation rate by in Iceland peaked at 46.72 % in 2014 and was at its lowest, 23.16 %, in 2022.
That places Iceland 30th out of 78 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
ILOSTAT - Labour force survey — Labour force participation rate by in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 45.79 % | — |
| 1996 | 40.87 % | -10.7% |
| 1997 | 43.3 % | +5.9% |
| 1998 | 45.12 % | +4.2% |
| 1999 | 44.65 % | -1.0% |
| 2000 | 35.21 % | -21.1% |
| 2001 | 32.82 % | -6.8% |
| 2002 | 38.85 % | +18.4% |
| 2010 | 31.01 % | -20.2% |
| 2011 | 31.6 % | +1.9% |
| 2012 | 30.55 % | -3.3% |
| 2013 | 42.39 % | +38.8% |
| 2014 | 46.72 % | +10.2% |
| 2015 | 44.56 % | -4.6% |
| 2016 | 45.29 % | +1.6% |
| 2017 | 40.19 % | -11.3% |
| 2018 | 39.3 % | -2.2% |
| 2019 | 34.85 % | -11.3% |
| 2020 | 35.43 % | +1.7% |
| 2021 | 24 % | -32.3% |
| 2022 | 23.16 % | -3.5% |
| 2023 | 26.27 % | +13.4% |
| 2024 | 25.86 % | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 43.95 % | 40.87 % | 45.79 % | 5 |
| 2000s | 35.63 % | 32.82 % | 38.85 % | 3 |
| 2010s | 38.65 % | 30.55 % | 46.72 % | 10 |
| 2020s | 26.94 % | 23.16 % | 35.43 % | 5 |
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)
- Gross capital formation (current US$), annual growth rate 17.72 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2657 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 26,128 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 9.6 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 34.13 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 3.36 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 5.88 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1585 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is ilostat - labour force survey — labour force participation rate by in Iceland?
- Ilostat - labour force survey — labour force participation rate by in Iceland was 25.86 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest ilostat - labour force survey — labour force participation rate by recorded in Iceland?
- The highest recorded value was 46.72 % in 2014.
- What is the lowest ilostat - labour force survey — labour force participation rate by recorded in Iceland?
- The lowest recorded value was 23.16 % in 2022.
- How does Iceland rank for ilostat - labour force survey — labour force participation rate by?
- Iceland ranks 30th out of 78 countries with data for 2024.
- Is ilostat - labour force survey — labour force participation rate by rising or falling in Iceland?
- Over the last ten years it is down 44.6%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of ILOSTAT - Labour force survey — Labour force participation rate by age, 65+, rural areas — Value. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Employment indicators domain focuses on indicators related to employment in agrifood systems and rural areas. The update is performed yearly, using data from the International Labour Organization (ILO) database that contains a rich set of indicators from a wide range of topics related to labour statistics. The indicators published in FAOSTAT are derived from the labour force statistics (LFS) and rural and urban labour markets (RURURB) databases of the ILOSTAT database.