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GOAL 8: Decent Work and Economic Growth in Iceland

Iceland: GOAL 8: Decent Work and Economic Growth was 1 5 year moving average in 2023. ▲ Rising

Latest (2023)
1 5 year moving average
Change on year
unchanged
World rank
1st
of 215 countries
All-time high
1 5 year moving average
in 2021
All-time low
0.3 5 year moving average
in 2008
Years of data
20
2004–2023

GOAL 8: Decent Work and Economic Growth in Iceland, 2004–2023

0.20.40.60.812004201320232004: 0.375 5 year moving average2005: 0.333 5 year moving average2006: 0.333 5 year moving average2007: 0.333 5 year moving average2008: 0.3 5 year moving average2009: 0.4 5 year moving average2010: 0.364 5 year moving average2011: 0.5 5 year moving average2012: 0.583 5 year moving average2013: 0.583 5 year moving average2014: 0.667 5 year moving average2015: 0.667 5 year moving average2016: 0.667 5 year moving average2017: 0.667 5 year moving average2018: 0.667 5 year moving average2019: 0.538 5 year moving average2020: 0.615 5 year moving average2021: 1 5 year moving average2022: 1 5 year moving average2023: 1 5 year moving average

Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators). Measured in 5 year moving average.

Analysis

Iceland recorded 1 5 year moving average for goal 8: decent work and economic growth in 2023. That is the highest value across all 20 years on record.

That represents a change of up 71.5% over ten years.

Over the whole period, goal 8: decent work and economic growth in Iceland peaked at 1 5 year moving average in 2021 and was at its lowest, 0.3 5 year moving average, in 2008.

Iceland ranks 1st of 215 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 20 years of available data.

GOAL 8: Decent Work and Economic Growth in Iceland, year by year

Year 5 year moving average Change
2004 0.375 5 year moving average —
2005 0.333 5 year moving average -11.2%
2006 0.333 5 year moving average +0.0%
2007 0.333 5 year moving average +0.0%
2008 0.3 5 year moving average -9.9%
2009 0.4 5 year moving average +33.3%
2010 0.364 5 year moving average -9.0%
2011 0.5 5 year moving average +37.4%
2012 0.583 5 year moving average +16.6%
2013 0.583 5 year moving average +0.0%
2014 0.667 5 year moving average +14.4%
2015 0.667 5 year moving average +0.0%
2016 0.667 5 year moving average +0.0%
2017 0.667 5 year moving average +0.0%
2018 0.667 5 year moving average +0.0%
2019 0.538 5 year moving average -19.3%
2020 0.615 5 year moving average +14.3%
2021 1 5 year moving average +62.6%
2022 1 5 year moving average +0.0%
2023 1 5 year moving average +0.0%

Iceland compared with similar countries

  • Iceland's 1 5 year moving average is above the median for high income countries, which is 0.75 5 year moving average, 1.3× the median. (85 countries reporting)
  • Iceland's 1 5 year moving average is above the median for Europe & Central Asia, which is 0.875 5 year moving average, 1.1× the median. (56 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.3457 5 year moving average 0.3 5 year moving average 0.4 5 year moving average 6
2010s 0.5903 5 year moving average 0.364 5 year moving average 0.667 5 year moving average 10
2020s 0.9038 5 year moving average 0.615 5 year moving average 1 5 year moving average 4

Countries ranked near Iceland

  1. 1 Australia 1 5 year moving average compare
  2. 1 Austria 1 5 year moving average compare
  3. 1 Belgium 1 5 year moving average compare
  4. 1 Canada 1 5 year moving average compare
  5. 1 Colombia 1 5 year moving average compare
  6. 1 Costa Rica 1 5 year moving average compare
  7. 1 Czechia 1 5 year moving average compare
  8. 1 Denmark 1 5 year moving average compare
  9. 1 Estonia 1 5 year moving average compare
  10. 1 Finland 1 5 year moving average compare
  11. 1 France 1 5 year moving average compare
  12. 1 Germany 1 5 year moving average compare
  13. 1 Greece 1 5 year moving average compare
  14. 1 Hungary 1 5 year moving average compare
  15. 1 Ireland 1 5 year moving average compare
  16. 1 Italy 1 5 year moving average compare
  17. 1 Japan 1 5 year moving average compare
  18. 1 Lithuania 1 5 year moving average compare
  19. 1 Mexico 1 5 year moving average compare
  20. 1 Netherlands 1 5 year moving average compare
  21. 1 New Zealand 1 5 year moving average compare
  22. 1 Norway 1 5 year moving average compare
  23. 1 Poland 1 5 year moving average compare
  24. 1 Portugal 1 5 year moving average compare
  25. 1 Slovakia 1 5 year moving average compare
  26. 1 Slovenia 1 5 year moving average compare
  27. 1 Spain 1 5 year moving average compare
  28. 1 Sweden 1 5 year moving average compare
  29. 1 Switzerland 1 5 year moving average compare
  30. 1 Turkey 1 5 year moving average compare
  31. 1 United Kingdom 1 5 year moving average compare
  32. 1 United States 1 5 year moving average compare

See the full ranking of 215 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is goal 8: decent work and economic growth in Iceland?
Goal 8: decent work and economic growth in Iceland was 1 5 year moving average in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
What is the highest goal 8: decent work and economic growth recorded in Iceland?
The highest recorded value was 1 5 year moving average in 2021.
What is the lowest goal 8: decent work and economic growth recorded in Iceland?
The lowest recorded value was 0.3 5 year moving average in 2008.
How does Iceland rank for goal 8: decent work and economic growth?
Iceland ranks 1st out of 215 countries with data for 2023.
Is goal 8: decent work and economic growth rising or falling in Iceland?
Over the last ten years it is up 71.5%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as part of GOAL 8: Decent Work and Economic Growth (5 year moving average). Statizoid updates them automatically from the source API.

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GOAL 8: Decent Work and Economic Growth in Iceland. Statizoid, drawing on Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators). Retrieved 29 September 2026, from https://reference.statizoid.com/stat/goal-8-decent-work-and-economic-growth-5-year-moving-average/iceland/

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About this data

Indicator
GOAL 8: Decent Work and Economic Growth (5 year moving average)
Unit
5 year moving average
Source
Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
215 places, 4,300 data points, 2004–2023
Last refreshed

SDG Goal 8 data availability. Source: UN Global SDG Indicators Database