Public sector wage premium, by occupational group: Elementary in Iceland
Iceland: Public sector wage premium, by occupational group: Elementary 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 in Iceland, 2004–2013
Source: World Bank. Measured in compared to formal wage employees.
Analysis
The most recent figure for public sector wage premium, by occupational group: elementary 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 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.
Public sector wage premium, by occupational group: Elementary in Iceland, year by year
| Year | compared to formal wage employees | Change |
|---|---|---|
| 2004 | -0.1066 compared to formal wage employees | — |
| 2005 | -0.2825 compared to formal wage employees | +165.1% |
| 2006 | -0.1158 compared to formal wage employees | -59.0% |
| 2007 | -0.0669 compared to formal wage employees | -42.2% |
| 2008 | -0.1619 compared to formal wage employees | +142.0% |
| 2009 | -0.0899 compared to formal wage employees | -44.5% |
| 2010 | 0.107 compared to formal wage employees | -219.0% |
| 2011 | 0.1301 compared to formal wage employees | +21.6% |
| 2012 | -0.1416 compared to formal wage employees | -208.8% |
| 2013 | -0.3699 compared to formal wage employees | +161.3% |
Iceland compared with similar countries
- Iceland's -0.3699 compared to formal wage employees is below the median for high income countries, which is -0.0357 compared to formal wage employees, 10.4× the median. (31 countries reporting)
- Iceland's -0.3699 compared to formal wage employees is below the median for Europe & Central Asia, which is -0.0826 compared to formal wage employees, 4.5× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
- 48 Switzerland -0.286 compared to formal wage employees compare
- 49 United Kingdom -0.3377 compared to formal wage employees compare
- 50 Hungary -0.3608 compared to formal wage employees compare
- 52 Moldova -0.441 compared to formal wage employees compare
- 53 South Africa -0.4728 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 public sector wage premium, by occupational group: elementary in Iceland?
- Public sector wage premium, by occupational group: elementary 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 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 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?
- Iceland ranks 51st out of 53 countries with data for 2013.
- Is public sector wage premium, by occupational group: elementary 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).