Iceland vs Switzerland: Average hourly earnings of employees
Iceland
28.04 international-$ in 2021 prices
in 2022
Switzerland
35.86 international-$ in 2021 prices
in 2024
Iceland rank
4th
Switzerland rank
2nd
Average hourly earnings of employees over time
- Iceland
- Switzerland
How they compare
Switzerland currently reports 35.86 international-$ in 2021 prices against 28.04 international-$ in 2021 prices in Iceland, a difference of 7.82 international-$ in 2021 prices.
That makes Switzerland's figure about 1.3 times Iceland's.
Across all 6 years both countries report, Switzerland has been ahead every year.
Iceland ranks 4th and Switzerland ranks 2nd of 64 countries.
Switzerland has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | Switzerland | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 19.95 international-$ in 2021 prices | 24.63 international-$ in 2021 prices | 4.68 international-$ in 2021 prices | Switzerland |
| 2020s | 26.79 international-$ in 2021 prices | 32.31 international-$ in 2021 prices | 5.52 international-$ in 2021 prices | Switzerland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average hourly earnings of employees, Iceland or Switzerland?
- Switzerland, at 35.86 international-$ in 2021 prices against 28.04 international-$ in 2021 prices in Iceland as of 2024.
- What is the difference in average hourly earnings of employees between Iceland and Switzerland?
- 7.82 international-$ in 2021 prices, with Switzerland ahead.
- How many years of comparable data are there for Iceland and Switzerland?
- 6 years are reported by both, from 2014 to 2022.
- How do Iceland and Switzerland rank globally for average hourly earnings of employees?
- Iceland ranks 4th and Switzerland ranks 2nd 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.