P-Value: Public sector wage premium, by education level in Iceland

Iceland: P-Value: Public sector wage premium, by education level was 0.0458 compared to formal wage employees in 2013. β—† Volatile

Latest (2013)
0.0458 compared to formal wage employees
Change on year
down 74.0%
World rank
14th
of 54 countries
All-time high
0.9769 compared to formal wage employees
in 2004
All-time low
0 compared to formal wage employees
in 2009
Years of data
10
2004–2013

P-Value: Public sector wage premium, by education level in Iceland, 2004–2013

00.20.40.60.812004200820132004: 0.977 compared to formal wage employees2005: 0.632 compared to formal wage employees2006: 0.536 compared to formal wage employees2007: 0.454 compared to formal wage employees2008: 0.125 compared to formal wage employees2009: 0 compared to formal wage employees2010: 0.527 compared to formal wage employees2011: 0.378 compared to formal wage employees2012: 0.176 compared to formal wage employees2013: 0.046 compared to formal wage employees

Source: World Bank. Measured in compared to formal wage employees.

Analysis

In 2013, p-value: public sector wage premium, by education level in Iceland stood at 0.0458 compared to formal wage employees.

Compared with earlier readings it is down 74.0% on the previous year and down 95.3% over ten years.

Over the whole period, p-value: public sector wage premium, by education level in Iceland peaked at 0.9769 compared to formal wage employees in 2004 and was at its lowest, 0 compared to formal wage employees, in 2009.

Iceland ranks 14th of 54 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.4539 compared to formal wage employees 0 compared to formal wage employees 0.9769 compared to formal wage employees 6
2010s 0.2817 compared to formal wage employees 0.0458 compared to formal wage employees 0.5274 compared to formal wage employees 4

Countries ranked near Iceland

  1. 11 Australia 0.1182 compared to formal wage employees compare
  2. 12 Serbia 0.0841 compared to formal wage employees
  3. 13 Austria 0.0592 compared to formal wage employees compare
  4. 15 Honduras 0.0451 compared to formal wage employees compare
  5. 16 Belgium 0.0315 compared to formal wage employees compare
  6. 17 Guatemala 0.0256 compared to formal wage employees compare

See the full ranking of 54 places β†’

More reference data data for Iceland

All data for Iceland β†’

Frequently asked questions

What is p-value: public sector wage premium, by education level in Iceland?
P-value: public sector wage premium, by education level in Iceland was 0.0458 compared to formal wage employees in 2013, according to the World Bank.
What is the highest p-value: public sector wage premium, by education level recorded in Iceland?
The highest recorded value was 0.9769 compared to formal wage employees in 2004.
What is the lowest p-value: public sector wage premium, by education level recorded in Iceland?
The lowest recorded value was 0 compared to formal wage employees in 2009.
How does Iceland rank for p-value: public sector wage premium, by education level?
Iceland ranks 14th out of 54 countries with data for 2013.
Is p-value: public sector wage premium, by education level rising or falling in Iceland?
Over the last ten years it is down 95.3%. The long-run trend across the full record is volatile.
Where does this Iceland data come from?
The figures come from the World Bank, published as part of P-Value: Public sector wage premium, by education level (compared to formal wage employees). Statizoid updates them automatically from the source API.

Download this data

CSV Β· JSON β€” 10 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

Share, cite or embed this page

Cite this page

P-Value: Public sector wage premium, by education level in Iceland. Statizoid. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/p-value-public-sector-wage-premium-by-education-level-compared-to-formal-wage-employees/iceland/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://reference.statizoid.com/stat/p-value-public-sector-wage-premium-by-education-level-compared-to-formal-wage-employees/iceland/">P-Value: Public sector wage premium, by education level in Iceland</a> β€” Statizoid

About this data

Indicator
P-Value: Public sector wage premium, by education level (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, 659 data points, 2000–2021
Last refreshed