P-Value: Public sector wage premium in Iceland
Iceland: P-Value: Public sector wage premium was 0.0005 compared to formal wage employees in 2013. ◆ Volatile
Latest (2013)
0.0005 compared to formal wage employees
Change on year
up 3,841.8%
World rank
20th
of 54 countries
All-time high
0.3844 compared to formal wage employees
in 2010
All-time low
0 compared to formal wage employees
in 2009
Years of data
10
2004–2013
P-Value: Public sector wage premium in Iceland, 2004–2013
Source: World Bank. Measured in compared to formal wage employees.
Analysis
Iceland recorded 0.0005 compared to formal wage employees for p-value: public sector wage premium in 2013.
Compared with earlier readings it is up 3,841.8% on the previous year and down 98.7% over ten years.
Over the whole period, p-value: public sector wage premium in Iceland peaked at 0.3844 compared to formal wage employees in 2010 and was at its lowest, 0 compared to formal wage employees, in 2009.
Iceland ranks 20th of 54 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
P-Value: Public sector wage premium in Iceland, year by year
| Year | compared to formal wage employees | Change |
|---|---|---|
| 2004 | 0.0411 compared to formal wage employees | — |
| 2005 | 0.0226 compared to formal wage employees | -45.1% |
| 2006 | 0.001 compared to formal wage employees | -95.6% |
| 2007 | 0.0005 compared to formal wage employees | -50.8% |
| 2008 | 0.0023 compared to formal wage employees | +378.5% |
| 2009 | 0 compared to formal wage employees | -100.0% |
| 2010 | 0.3844 compared to formal wage employees | +3197818644.5% |
| 2011 | 0.2821 compared to formal wage employees | -26.6% |
| 2012 | 0 compared to formal wage employees | -100.0% |
| 2013 | 0.0005 compared to formal wage employees | +3841.8% |
Iceland compared with similar countries
- Iceland's 0.0005 compared to formal wage employees is below the median for high income countries, which is 0.0005 compared to formal wage employees, 97% of the median. (31 countries reporting)
- Iceland's 0.0005 compared to formal wage employees is below the median for Europe & Central Asia, which is 0.0012 compared to formal wage employees, 44% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0113 compared to formal wage employees | 0 compared to formal wage employees | 0.0411 compared to formal wage employees | 6 |
| 2010s | 0.1667 compared to formal wage employees | 0 compared to formal wage employees | 0.3844 compared to formal wage employees | 4 |
Countries ranked near Iceland
- 17 Finland 0.0013 compared to formal wage employees compare
- 18 Ireland 0.0012 compared to formal wage employees compare
- 19 Lithuania 0.0005 compared to formal wage employees compare
- 21 Romania 0 compared to formal wage employees compare
- 22 Estonia 0 compared to formal wage employees compare
- 23 Russia 0 compared to formal wage employees compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is p-value: public sector wage premium in Iceland?
- P-value: public sector wage premium in Iceland was 0.0005 compared to formal wage employees in 2013, according to the World Bank.
- What is the highest p-value: public sector wage premium recorded in Iceland?
- The highest recorded value was 0.3844 compared to formal wage employees in 2010.
- What is the lowest p-value: public sector wage premium 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?
- Iceland ranks 20th out of 54 countries with data for 2013.
- Is p-value: public sector wage premium rising or falling in Iceland?
- Over the last ten years it is down 98.7%. 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 (compared to formal wage employees). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 10 observations, free to reuse under CC BY 4.0 (World Bank Open Data).