Unemployment rates: modeled vs. national estimates in Iceland
Iceland: Unemployment rates: modeled vs. national estimates was 4.5% in 2025. ▲ Rising
Unemployment rates: modeled vs. national estimates in Iceland, 1990–2025
Source: Labour Force Statistics, via World Bank (2026) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for unemployment rates: modeled vs. national estimates in Iceland is 4.5%, measured in 2025.
Compared with earlier readings it is up 26.5% on the previous year and up 13.1% over ten years.
Over the whole period, unemployment rates: modeled vs. national estimates in Iceland peaked at 7.6% in 2010 and was at its lowest, 1.8%, in 1990.
That places Iceland 112th out of 185 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.7% | 1.8% | 5.3% | 10 |
| 2000s | 3.3% | 1.9% | 7.2% | 10 |
| 2010s | 4.7% | 2.7% | 7.6% | 10 |
| 2020s | 4.5% | 3.5% | 6.0% | 6 |
Countries ranked near Iceland
More reference data data for Iceland
- Spring temperature anomalies -0.5453 °C (2026)
- Summer temperature anomalies 0.1076 °C (2026)
- Temperature anomalies by month -0.09 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.653 °C (2025)
- Winter temperature anomalies 3.5 °C (2025)
- Consumer price index 179.82 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is unemployment rates: modeled vs. national estimates in Iceland?
- Unemployment rates: modeled vs. national estimates in Iceland was 4.5% in 2025, according to Labour Force Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest unemployment rates: modeled vs. national estimates recorded in Iceland?
- The highest recorded value was 7.6% in 2010.
- What is the lowest unemployment rates: modeled vs. national estimates recorded in Iceland?
- The lowest recorded value was 1.8% in 1990.
- How does Iceland rank for unemployment rates: modeled vs. national estimates?
- Iceland ranks 112th out of 185 countries with data for 2025.
- Is unemployment rates: modeled vs. national estimates rising or falling in Iceland?
- Over the last ten years it is up 13.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Labour Force Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Unemployment rates: modeled vs. national estimates. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Share of the labor force without work, but actively looking for a job and available to start soon. Figures refer to national estimates and may not be fully comparable across countries.