Armenia vs Iceland: Public sector wage premium

Armenia
-0.1755 compared to formal wage employees
in 2021
Iceland
-0.121 compared to formal wage employees
in 2013
Armenia rank
52nd
Iceland rank
50th

Public sector wage premium over time

  • Armenia
  • Iceland
-0.25-0.2-0.15-0.1-0.05-0200420122021

How they compare

Iceland currently reports -0.121 compared to formal wage employees against -0.1755 compared to formal wage employees in Armenia, a difference of 0.0545 compared to formal wage employees.

The two have swapped places 2 times across 6 shared years of data; in 2004 it was Iceland ahead.

Armenia ranks 52nd and Iceland ranks 50th of 54 countries.

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

Head to head by decade

Decade Armenia Iceland Difference Ahead
2000s -0.1415 compared to formal wage employees -0.0966 compared to formal wage employees 0.0449 compared to formal wage employees Iceland
2010s -0.1413 compared to formal wage employees -0.0749 compared to formal wage employees 0.0664 compared to formal wage employees Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher public sector wage premium, Armenia or Iceland?
Iceland, at -0.121 compared to formal wage employees against -0.1755 compared to formal wage employees in Armenia as of 2013.
What is the difference in public sector wage premium between Armenia and Iceland?
0.0545 compared to formal wage employees, with Iceland ahead.
How many years of comparable data are there for Armenia and Iceland?
6 years are reported by both, from 2004 to 2013.
How do Armenia and Iceland rank globally for public sector wage premium?
Armenia ranks 52nd and Iceland ranks 50th of 54 countries.
Where does this data come from?
The World Bank, published as Public sector wage premium (compared to formal wage employees). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia vs Iceland: Public sector wage premium. Statizoid. Retrieved 21 August 2026, from https://reference.statizoid.com/compare/public-sector-wage-premium-compared-to-formal-wage-employees/armenia/iceland/

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About this data

Indicator
Public sector wage premium (compared to formal wage employees)
Unit
compared to formal wage employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
54 places, 658 data points, 2000–2021
Last refreshed