Iceland Unemployment Rate 1991-2022

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Iceland unemployment rate for 2021 was 5.40%, a 0.08% decline from 2020.
  • Iceland unemployment rate for 2020 was 5.48%, a 1.97% increase from 2019.
  • Iceland unemployment rate for 2019 was 3.51%, a 0.81% increase from 2018.
  • Iceland unemployment rate for 2018 was 2.70%, a 0.04% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
New Caledonia 16.57%
Greece 14.80%
Spain 14.73%
French Polynesia 14.39%
Virgin Islands (U.S.) 13.27%
Bahamas 13.24%
Panama 12.09%
Argentina 10.90%
Uruguay 10.45%
Barbados 10.41%
Italy 9.83%
Chile 9.13%
Croatia 8.68%
Sweden 8.66%
Puerto Rico 8.27%
France 8.06%
Lithuania 7.90%
Brunei 7.65%
Latvia 7.60%
Finland 7.53%
Canada 7.51%
Channel Islands 7.37%
Saudi Arabia 7.36%
Guam 6.98%
Slovak Republic 6.74%
Portugal 6.65%
Ireland 6.63%
Belgium 6.42%
Estonia 6.33%
Austria 6.30%
Cyprus 6.13%
United States 5.46%
Iceland 5.40%
Switzerland 5.32%
Hong Kong 5.32%
Luxembourg 5.23%
Australia 5.11%
Israel 5.05%
Norway 4.99%
Trinidad and Tobago 4.81%
Denmark 4.80%
United Kingdom 4.53%
Slovenia 4.42%
New Zealand 4.12%
Hungary 4.12%
Netherlands 4.01%
Kuwait 3.71%
Singapore 3.62%
Germany 3.54%
South Korea 3.53%
Malta 3.50%
Poland 3.37%
UAE 3.36%
Oman 3.12%
Macao 3.01%
Czech Republic 2.89%
Japan 2.80%
Bahrain 1.87%
Qatar 0.26%
Iceland Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2021 5.40% -0.08%
2020 5.48% 1.97%
2019 3.51% 0.81%
2018 2.70% -0.04%
2017 2.74% -0.24%
2016 2.98% -1.00%
2015 3.98% -0.92%
2014 4.90% -0.48%
2013 5.38% -0.62%
2012 6.00% -1.03%
2011 7.03% -0.53%
2010 7.56% 0.34%
2009 7.22% 4.27%
2008 2.95% 0.70%
2007 2.25% -0.58%
2006 2.83% 0.28%
2005 2.55% -1.48%
2004 4.03% 0.03%
2003 4.00% 1.01%
2002 2.99% 1.12%
2001 1.87% -0.07%
2000 1.94% -0.24%
1999 2.18% -0.89%
1998 3.07% -0.65%
1997 3.72% 0.12%
1996 3.60% -1.60%
1995 5.20% -0.13%
1994 5.33% 0.07%
1993 5.26% 0.95%
1992 4.31% 1.76%
1991 2.55% 1.76%