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

00.10.20.30.42004200820132004: 0.041 compared to formal wage employees2005: 0.023 compared to formal wage employees2006: 0.001 compared to formal wage employees2007: 0 compared to formal wage employees2008: 0.002 compared to formal wage employees2009: 0 compared to formal wage employees2010: 0.384 compared to formal wage employees2011: 0.282 compared to formal wage employees2012: 0 compared to formal wage employees2013: 0.001 compared to formal wage employees

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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 17 Finland 0.0013 compared to formal wage employees compare
  2. 18 Ireland 0.0012 compared to formal wage employees compare
  3. 19 Lithuania 0.0005 compared to formal wage employees compare
  4. 21 Romania 0 compared to formal wage employees compare
  5. 22 Estonia 0 compared to formal wage employees compare
  6. 23 Russia 0 compared to formal wage employees compare

See the full ranking of 54 places →

More reference data data for Iceland

All data for Iceland →

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).

About this data

Indicator
P-Value: Public sector wage premium (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, 658 data points, 2000–2021
Last refreshed