Iceland Unemployment Rate 1991-2021

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Iceland unemployment rate for 2020 was 5.01%, a 1.5% 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.
  • Iceland unemployment rate for 2017 was 2.74%, a 0.24% decline from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
Greece 16.85%
New Caledonia 16.52%
Spain 15.67%
Bahamas 14.41%
French Polynesia 13.81%
Barbados 12.79%
Uruguay 12.67%
Virgin Islands (U.S.) 11.84%
Argentina 11.67%
Chile 11.51%
Puerto Rico 11.17%
Panama 10.23%
Canada 9.48%
Italy 9.31%
France 8.62%
Sweden 8.45%
Lithuania 8.43%
Brunei 8.37%
United States 8.31%
Saudi Arabia 8.22%
Latvia 8.19%
Channel Islands 8.16%
Finland 7.83%
Guam 7.51%
Cyprus 7.21%
Croatia 7.20%
Portugal 7.20%
Luxembourg 6.96%
Kuwait 6.79%
Slovak Republic 6.79%
Trinidad and Tobago 6.74%
Australia 6.61%
Estonia 6.46%
Belgium 6.01%
Ireland 5.92%
Hong Kong 5.80%
Austria 5.77%
Denmark 5.66%
Singapore 5.19%
Slovenia 5.17%
Iceland 5.01%
UAE 5.00%
Oman 4.97%
Switzerland 4.94%
Norway 4.62%
Israel 4.61%
New Zealand 4.55%
Hungary 4.35%
United Kingdom 4.34%
Germany 4.31%
Netherlands 4.09%
Malta 4.09%
Bahrain 4.09%
South Korea 4.07%
Poland 3.55%
Qatar 3.45%
Japan 2.97%
Czech Republic 2.94%
Macao 2.50%
Iceland Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2020 5.01% 1.50%
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%