Public sector wage premium, by education level: Tertiary education in Iceland

Iceland: Public sector wage premium, by education level: Tertiary education was -0.0975 compared to formal wage employees in 2013. ◆ Volatile

Latest (2013)
-0.0975 compared to formal wage employees
Change on year
down 95.7%
World rank
49th
of 54 countries
All-time high
0.035 compared to formal wage employees
in 2011
All-time low
-0.1309 compared to formal wage employees
in 2009
Years of data
10
2004–2013

Public sector wage premium, by education level: Tertiary education in Iceland, 2004–2013

-0.15-0.1-0.05-00.052004200820132004: -0.002 compared to formal wage employees2005: -0.035 compared to formal wage employees2006: -0.037 compared to formal wage employees2007: -0.037 compared to formal wage employees2008: -0.052 compared to formal wage employees2009: -0.131 compared to formal wage employees2010: 0.023 compared to formal wage employees2011: 0.035 compared to formal wage employees2012: -0.05 compared to formal wage employees2013: -0.098 compared to formal wage employees

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

Analysis

In 2013, public sector wage premium, by education level: tertiary education in Iceland stood at -0.0975 compared to formal wage employees.

Compared with earlier readings it is down 95.7% on the previous year and down 4,272.7% over ten years.

Over the whole period, public sector wage premium, by education level: tertiary education in Iceland peaked at 0.035 compared to formal wage employees in 2011 and was at its lowest, -0.1309 compared to formal wage employees, in 2009.

That places Iceland 49th out of 54 countries with data for 2013, putting it in the bottom quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s -0.049 compared to formal wage employees -0.1309 compared to formal wage employees -0.0022 compared to formal wage employees 6
2010s -0.0223 compared to formal wage employees -0.0975 compared to formal wage employees 0.035 compared to formal wage employees 4

Countries ranked near Iceland

  1. 46 United Kingdom of Great Britain and Northern Ireland -0.0374 compared to formal wage employees compare
  2. 47 Finland -0.0521 compared to formal wage employees compare
  3. 48 Belgium -0.0558 compared to formal wage employees compare
  4. 50 France -0.1069 compared to formal wage employees compare
  5. 51 Sri Lanka -0.2292 compared to formal wage employees compare
  6. 52 Armenia -0.2617 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 public sector wage premium, by education level: tertiary education in Iceland?
Public sector wage premium, by education level: tertiary education in Iceland was -0.0975 compared to formal wage employees in 2013, according to the World Bank.
What is the highest public sector wage premium, by education level: tertiary education recorded in Iceland?
The highest recorded value was 0.035 compared to formal wage employees in 2011.
What is the lowest public sector wage premium, by education level: tertiary education recorded in Iceland?
The lowest recorded value was -0.1309 compared to formal wage employees in 2009.
How does Iceland rank for public sector wage premium, by education level: tertiary education?
Iceland ranks 49th out of 54 countries with data for 2013.
Is public sector wage premium, by education level: tertiary education rising or falling in Iceland?
Over the last ten years it is down 4,272.7%. 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 Public sector wage premium, by education level: Tertiary education (compared to formal wage employees). Statizoid updates them automatically from the source API.

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

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About this data

Indicator
Public sector wage premium, by education level: Tertiary education (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, 657 data points, 2000–2021
Last refreshed