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

Iceland: P-Value: Public sector wage premium, by occupation was 0.1236 compared to formal wage employees in 2013. β—† Volatile

Latest (2013)
0.1236 compared to formal wage employees
Change on year
down 7.2%
World rank
19th
of 53 countries
All-time high
0.5864 compared to formal wage employees
in 2007
All-time low
0.0242 compared to formal wage employees
in 2005
Years of data
10
2004–2013

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

00.20.40.62004200820132004: 0.563 compared to formal wage employees2005: 0.024 compared to formal wage employees2006: 0.401 compared to formal wage employees2007: 0.586 compared to formal wage employees2008: 0.028 compared to formal wage employees2009: 0.299 compared to formal wage employees2010: 0.291 compared to formal wage employees2011: 0.119 compared to formal wage employees2012: 0.133 compared to formal wage employees2013: 0.124 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 occupation in Iceland stood at 0.1236 compared to formal wage employees.

That represents a change of down 7.2% on the previous year and down 78.0% over ten years.

Over the whole period, p-value: public sector wage premium, by occupation in Iceland peaked at 0.5864 compared to formal wage employees in 2007 and was at its lowest, 0.0242 compared to formal wage employees, in 2005.

That places Iceland 19th out of 53 countries with data for 2013, putting it in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.317 compared to formal wage employees 0.0242 compared to formal wage employees 0.5864 compared to formal wage employees 6
2010s 0.1666 compared to formal wage employees 0.1186 compared to formal wage employees 0.2911 compared to formal wage employees 4

Countries ranked near Iceland

  1. 16 Serbia, Republic of 0.1993 compared to formal wage employees
  2. 17 Romania 0.1952 compared to formal wage employees compare
  3. 18 Switzerland 0.1518 compared to formal wage employees compare
  4. 20 Poland, Republic of 0.1026 compared to formal wage employees compare
  5. 21 France 0.0785 compared to formal wage employees compare
  6. 22 Ecuador 0.0613 compared to formal wage employees compare

See the full ranking of 53 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 occupation in Iceland?
P-value: public sector wage premium, by occupation in Iceland was 0.1236 compared to formal wage employees in 2013, according to the World Bank.
What is the highest p-value: public sector wage premium, by occupation recorded in Iceland?
The highest recorded value was 0.5864 compared to formal wage employees in 2007.
What is the lowest p-value: public sector wage premium, by occupation recorded in Iceland?
The lowest recorded value was 0.0242 compared to formal wage employees in 2005.
How does Iceland rank for p-value: public sector wage premium, by occupation?
Iceland ranks 19th out of 53 countries with data for 2013.
Is p-value: public sector wage premium, by occupation rising or falling in Iceland?
Over the last ten years it is down 78.0%. 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 occupation (compared to formal wage employees). Statizoid updates them automatically from the source API.

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P-Value: Public sector wage premium, by occupation in Iceland. Statizoid. Retrieved 18 August 2026, from https://reference.statizoid.com/stat/p-value-public-sector-wage-premium-by-occupation-compared-to-formal-wage-employees/iceland/

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About this data

Indicator
P-Value: Public sector wage premium, by occupation (compared to formal wage employees)
Unit
compared to formal wage employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
53 places, 617 data points, 2000–2021
Last refreshed