Annual working hours vs. productivity in Iceland
Iceland: Annual working hours vs. productivity was 1,452 hours per worker in 2023. ▼ Falling
Annual working hours vs. productivity in Iceland, 1964–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in hours per worker.
Analysis
Iceland recorded 1,452 hours per worker for annual working hours vs. productivity in 2023. That is the lowest value across all 60 years on record.
Compared with earlier readings it is down 0.5% on the previous year and down 4.7% over ten years.
Over the whole period, annual working hours vs. productivity in Iceland peaked at 2,139 hours per worker in 1964 and was at its lowest, 1,452 hours per worker, in 2023.
Iceland ranks 122nd of 129 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 60 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2,073 hours per worker | 1,992 hours per worker | 2,139 hours per worker | 6 |
| 1970s | 1,842 hours per worker | 1,716 hours per worker | 1,975 hours per worker | 10 |
| 1980s | 1,698 hours per worker | 1,690 hours per worker | 1,706 hours per worker | 10 |
| 1990s | 1,682 hours per worker | 1,660 hours per worker | 1,703 hours per worker | 10 |
| 2000s | 1,654 hours per worker | 1,536 hours per worker | 1,725 hours per worker | 10 |
| 2010s | 1,514 hours per worker | 1,480 hours per worker | 1,538 hours per worker | 10 |
| 2020s | 1,459 hours per worker | 1,452 hours per worker | 1,464 hours per worker | 4 |
Countries ranked near Iceland
More economy & growth data for Iceland
- External balance on goods and services as a percent of GDP -2.3% (2025)
- Inflation of consumer prices 4.1% (2025)
- GDP per capita 58,910 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.5% (2025)
- Gross domestic product (GDP) 23.12 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 58,910 constant 2015 US$ (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
Frequently asked questions
- What is annual working hours vs. productivity in Iceland?
- Annual working hours vs. productivity in Iceland was 1,452 hours per worker in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest annual working hours vs. productivity recorded in Iceland?
- The highest recorded value was 2,139 hours per worker in 1964.
- What is the lowest annual working hours vs. productivity recorded in Iceland?
- The lowest recorded value was 1,452 hours per worker in 2023.
- How does Iceland rank for annual working hours vs. productivity?
- Iceland ranks 122nd out of 129 countries with data for 2023.
- Is annual working hours vs. productivity rising or falling in Iceland?
- Over the last ten years it is down 4.7%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Annual working hours vs. productivity. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This is the average sum of hours worked by employees and self-employed people during each year in a country.