Iceland vs South Korea: Average hourly earnings of employees
Iceland
28.04 international-$ in 2021 prices
in 2022
South Korea
27.58 international-$ in 2021 prices
in 2022
Iceland rank
4th
South Korea rank
5th
Average hourly earnings of employees over time
- Iceland
- South Korea
How they compare
Iceland currently reports 28.04 international-$ in 2021 prices against 27.58 international-$ in 2021 prices in South Korea, a difference of 0.46 international-$ in 2021 prices.
The two have swapped places 1 time across 6 shared years of data; in 2014 it was South Korea ahead.
Iceland ranks 4th and South Korea ranks 5th of 64 countries.
Iceland has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 19.95 international-$ in 2021 prices | 19.3 international-$ in 2021 prices | 0.646 international-$ in 2021 prices | Iceland |
| 2020s | 26.79 international-$ in 2021 prices | 25.21 international-$ in 2021 prices | 1.57 international-$ in 2021 prices | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average hourly earnings of employees, Iceland or South Korea?
- Iceland, at 28.04 international-$ in 2021 prices against 27.58 international-$ in 2021 prices in South Korea as of 2022.
- What is the difference in average hourly earnings of employees between Iceland and South Korea?
- 0.46 international-$ in 2021 prices, with Iceland ahead.
- How many years of comparable data are there for Iceland and South Korea?
- 6 years are reported by both, from 2014 to 2022.
- How do Iceland and South Korea rank globally for average hourly earnings of employees?
- Iceland ranks 4th and South Korea ranks 5th of 64 countries.
- Where does this data come from?
- International Labour Organization (2026) β with major processing by Our World in Data, published as Average hourly earnings of employees. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross remuneration for time worked or work done, vacation, and other types of paid leave.