Iceland vs United States: Average hourly earnings of employees
Iceland
28.04 international-$ in 2021 prices
in 2022
United States
43.49 international-$ in 2021 prices
in 2025
Iceland rank
4th
United States rank
1st
Average hourly earnings of employees over time
- Iceland
- United States
How they compare
United States currently reports 43.49 international-$ in 2021 prices against 28.04 international-$ in 2021 prices in Iceland, a difference of 15.45 international-$ in 2021 prices.
That makes United States's figure about 1.6 times Iceland's.
Across all 6 years both countries report, United States has been ahead every year.
Iceland ranks 4th and United States ranks 1st of 64 countries.
United States has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | United States | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 19.95 international-$ in 2021 prices | 25.78 international-$ in 2021 prices | 5.84 international-$ in 2021 prices | United States |
| 2020s | 26.79 international-$ in 2021 prices | 33.56 international-$ in 2021 prices | 6.78 international-$ in 2021 prices | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average hourly earnings of employees, Iceland or United States?
- United States, at 43.49 international-$ in 2021 prices against 28.04 international-$ in 2021 prices in Iceland as of 2025.
- What is the difference in average hourly earnings of employees between Iceland and United States?
- 15.45 international-$ in 2021 prices, with United States ahead.
- How many years of comparable data are there for Iceland and United States?
- 6 years are reported by both, from 2014 to 2022.
- How do Iceland and United States rank globally for average hourly earnings of employees?
- Iceland ranks 4th and United States ranks 1st 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.
Individual pages
About this data
Gross remuneration for time worked or work done, vacation, and other types of paid leave.