Iceland vs Spain: Average hourly earnings of employees

Iceland
28.04 international-$ in 2021 prices
in 2022
Spain
25.97 international-$ in 2021 prices
in 2021
Iceland rank
4th
Spain rank
7th

Average hourly earnings of employees over time

  • Iceland
  • Spain
0102030200220122022

How they compare

Iceland currently reports 28.04 international-$ in 2021 prices against 25.97 international-$ in 2021 prices in Spain, a difference of 2.07 international-$ in 2021 prices.

That makes Iceland's figure about 1.1 times Spain's.

The two have swapped places 2 times across 5 shared years of data; in 2014 it was Spain ahead.

Iceland ranks 4th and Spain ranks 7th of 64 countries.

Spain has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade Iceland Spain Difference Ahead
2010s 19.95 international-$ in 2021 prices 20.62 international-$ in 2021 prices 0.6682 international-$ in 2021 prices Spain
2020s 25.54 international-$ in 2021 prices 25.97 international-$ in 2021 prices 0.434 international-$ in 2021 prices Spain

Averages of every year both report within each decade.

Frequently asked questions

Which has higher average hourly earnings of employees, Iceland or Spain?
Iceland, at 28.04 international-$ in 2021 prices against 25.97 international-$ in 2021 prices in Spain as of 2022.
What is the difference in average hourly earnings of employees between Iceland and Spain?
2.07 international-$ in 2021 prices, with Iceland ahead.
How many years of comparable data are there for Iceland and Spain?
5 years are reported by both, from 2014 to 2021.
How do Iceland and Spain rank globally for average hourly earnings of employees?
Iceland ranks 4th and Spain ranks 7th of 64 countries.
Where does this data come from?
International Labour Organization (2026) – 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.

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Iceland vs Spain: Average hourly earnings of employees. Statizoid, drawing on International Labour Organization (2026) – with major processing by Our World in Data. Retrieved 24 September 2026, from https://reference.statizoid.com/compare/average-hourly-earnings/iceland/spain/

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About this data

Indicator
Average hourly earnings of employees
Unit
international-$ in 2021 prices
Source
International Labour Organization (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
64 places, 923 data points, 1990–2025
Last refreshed

Gross remuneration for time worked or work done, vacation, and other types of paid leave.