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

-0.2-0.15-0.1-0.05-02004200820132004: 0.01 compared to formal wage employees2005: -0.145 compared to formal wage employees2006: -0.097 compared to formal wage employees2007: -0.142 compared to formal wage employees2008: -0.083 compared to formal wage employees2009: -0.153 compared to formal wage employees2010: -0.062 compared to formal wage employees2011: -0.127 compared to formal wage employees2012: -0.159 compared to formal wage employees2013: -0.199 compared to formal wage employees

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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 47 Slovakia -0.1524 compared to formal wage employees compare
  2. 48 Finland -0.1636 compared to formal wage employees compare
  3. 49 Czechia -0.1655 compared to formal wage employees compare
  4. 51 Panama -0.2277 compared to formal wage employees compare
  5. 52 Moldova -0.3353 compared to formal wage employees compare

See the full ranking of 52 places →

More reference data data for Iceland

All data for Iceland →

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).

About this data

Indicator
Public sector wage premium, by occupational group: Professionals (compared to formal wage employees)
Unit
compared to formal wage employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
52 places, 604 data points, 2000–2021
Last refreshed