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
010203040199920112024

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.

Individual pages

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.