Public sector wage premium, by occupational group: Professionals in Iceland
Iceland: Public sector wage premium, by occupational group: Professionals was -0.1993 compared to formal wage employees in 2013. ▼ Falling
Latest (2013)
-0.1993 compared to formal wage employees
Change on year
down 25.1%
World rank
50th
of 52 countries
All-time high
0.0099 compared to formal wage employees
in 2004
All-time low
-0.1993 compared to formal wage employees
in 2013
Years of data
10
2004–2013
Public sector wage premium, by occupational group: Professionals in Iceland, 2004–2013
Source: World Bank. Measured in compared to formal wage employees.
Analysis
Iceland recorded -0.1993 compared to formal wage employees for public sector wage premium, by occupational group: professionals in 2013. That is the lowest value across all 10 years on record.
The figure is down 25.1% on the previous year and down 2,115.2% over ten years.
Over the whole period, public sector wage premium, by occupational group: professionals in Iceland peaked at 0.0099 compared to formal wage employees in 2004 and was at its lowest, -0.1993 compared to formal wage employees, in 2013.
Iceland ranks 50th of 52 countries on this measure, in the bottom quarter.
Public sector wage premium, by occupational group: Professionals in Iceland, year by year
| Year | compared to formal wage employees | Change |
|---|---|---|
| 2004 | 0.0099 compared to formal wage employees | — |
| 2005 | -0.1449 compared to formal wage employees | -1564.7% |
| 2006 | -0.0966 compared to formal wage employees | -33.3% |
| 2007 | -0.1418 compared to formal wage employees | +46.9% |
| 2008 | -0.0835 compared to formal wage employees | -41.1% |
| 2009 | -0.1532 compared to formal wage employees | +83.6% |
| 2010 | -0.0619 compared to formal wage employees | -59.6% |
| 2011 | -0.1267 compared to formal wage employees | +104.5% |
| 2012 | -0.1593 compared to formal wage employees | +25.7% |
| 2013 | -0.1993 compared to formal wage employees | +25.1% |
Iceland compared with similar countries
- Iceland's -0.1993 compared to formal wage employees is below the median for high income countries, which is -0.0647 compared to formal wage employees, 3.1× the median. (31 countries reporting)
- Iceland's -0.1993 compared to formal wage employees is below the median for Europe & Central Asia, which is -0.0734 compared to formal wage employees, 2.7× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.1017 compared to formal wage employees | -0.1532 compared to formal wage employees | 0.0099 compared to formal wage employees | 6 |
| 2010s | -0.1368 compared to formal wage employees | -0.1993 compared to formal wage employees | -0.0619 compared to formal wage employees | 4 |
Countries ranked near Iceland
- 47 Slovakia -0.1524 compared to formal wage employees compare
- 48 Finland -0.1636 compared to formal wage employees compare
- 49 Czechia -0.1655 compared to formal wage employees compare
- 51 Panama -0.2277 compared to formal wage employees compare
- 52 Moldova -0.3353 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: professionals in Iceland?
- Public sector wage premium, by occupational group: professionals in Iceland was -0.1993 compared to formal wage employees in 2013, according to the World Bank.
- What is the highest public sector wage premium, by occupational group: professionals recorded in Iceland?
- The highest recorded value was 0.0099 compared to formal wage employees in 2004.
- What is the lowest public sector wage premium, by occupational group: professionals recorded in Iceland?
- The lowest recorded value was -0.1993 compared to formal wage employees in 2013.
- How does Iceland rank for public sector wage premium, by occupational group: professionals?
- Iceland ranks 50th out of 52 countries with data for 2013.
- Is public sector wage premium, by occupational group: professionals rising or falling in Iceland?
- Over the last ten years it is down 2,115.2%. The long-run trend across the full record is falling.
- 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: Professionals (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).