Public sector wage premium, by occupational group: Elementary occupati in Iceland

Iceland: Public sector wage premium, by occupational group: Elementary occupati was -0.3699 compared to formal wage employees in 2013. ◆ Volatile

Latest (2013)
-0.3699 compared to formal wage employees
Change on year
down 161.3%
World rank
51st
of 53 countries
All-time high
0.1301 compared to formal wage employees
in 2011
All-time low
-0.3699 compared to formal wage employees
in 2013
Years of data
10
2004–2013

Public sector wage premium, by occupational group: Elementary occupati in Iceland, 2004–2013

-0.4-0.200.22004200820132004: -0.107 compared to formal wage employees2005: -0.282 compared to formal wage employees2006: -0.116 compared to formal wage employees2007: -0.067 compared to formal wage employees2008: -0.162 compared to formal wage employees2009: -0.09 compared to formal wage employees2010: 0.107 compared to formal wage employees2011: 0.13 compared to formal wage employees2012: -0.142 compared to formal wage employees2013: -0.37 compared to formal wage employees

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

Analysis

The most recent figure for public sector wage premium, by occupational group: elementary occupati in Iceland is -0.3699 compared to formal wage employees, measured in 2013. That is the lowest value across all 10 years on record.

That represents a change of down 161.3% on the previous year and down 247.1% over ten years.

Over the whole period, public sector wage premium, by occupational group: elementary occupati in Iceland peaked at 0.1301 compared to formal wage employees in 2011 and was at its lowest, -0.3699 compared to formal wage employees, in 2013.

That places Iceland 51st out of 53 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 -0.1373 compared to formal wage employees -0.2825 compared to formal wage employees -0.0669 compared to formal wage employees 6
2010s -0.0686 compared to formal wage employees -0.3699 compared to formal wage employees 0.1301 compared to formal wage employees 4

Countries ranked near Iceland

  1. 48 Switzerland -0.286 compared to formal wage employees compare
  2. 49 United Kingdom -0.3377 compared to formal wage employees compare
  3. 50 Hungary -0.3608 compared to formal wage employees compare
  4. 52 Moldova -0.441 compared to formal wage employees compare
  5. 53 South Africa -0.4728 compared to formal wage employees compare

See the full ranking of 53 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is public sector wage premium, by occupational group: elementary occupati in Iceland?
Public sector wage premium, by occupational group: elementary occupati in Iceland was -0.3699 compared to formal wage employees in 2013, according to the World Bank.
What is the highest public sector wage premium, by occupational group: elementary occupati recorded in Iceland?
The highest recorded value was 0.1301 compared to formal wage employees in 2011.
What is the lowest public sector wage premium, by occupational group: elementary occupati recorded in Iceland?
The lowest recorded value was -0.3699 compared to formal wage employees in 2013.
How does Iceland rank for public sector wage premium, by occupational group: elementary occupati?
Iceland ranks 51st out of 53 countries with data for 2013.
Is public sector wage premium, by occupational group: elementary occupati rising or falling in Iceland?
Over the last ten years it is down 247.1%. 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 occupational group: Elementary occupation (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
Public sector wage premium, by occupational group: Elementary 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, 610 data points, 2000–2021
Last refreshed