Unemployment rate,Percent in Iceland

Iceland: Unemployment rate,Percent was 4.5% in 2025. β–¬ Flat

Latest (2025)
4.5%
Change on year
up 30.8%
World rank
46th
of 71 countries
All-time high
8.4%
in 2010
All-time low
2.5%
in 2007
Years of data
23
2003–2025

Unemployment rate,Percent in Iceland, 2003–2025

24682003201420252003: 3.52004: 3.42005: 2.92006: 3.22007: 2.52008: 3.42009: 8.12010: 8.42011: 7.92012: 6.82013: 6.12014: 5.52015: 4.62016: 3.42017: 3.22018: 3.12019: 3.92020: 6.32021: 5.72022: 3.62023: 3.42024: 3.42025: 4.5

Source: World Bank.

Analysis

The most recent figure for unemployment rate,percent in Iceland is 4.5%, measured in 2025.

The figure is up 30.8% on the previous year and down 2.1% over ten years.

Over the whole period, unemployment rate,percent in Iceland peaked at 8.4% in 2010 and was at its lowest, 2.5%, in 2007.

That places Iceland 46th out of 71 countries with data for 2025, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2000s 3.9% 2.5% 8.1% 7
2010s 5.3% 3.1% 8.4% 10
2020s 4.5% 3.4% 6.3% 6

Countries ranked near Iceland

  1. 43 Ireland 4.6% compare
  2. 44 Norway 4.5% compare
  3. 45 Croatia 4.5% compare
  4. 47 Hungary 4.4% compare
  5. 48 Cyprus 4.4% compare
  6. 49 United States 4.3% compare

See the full ranking of 80 places β†’

More reference data data for Iceland

All data for Iceland β†’

Frequently asked questions

What is unemployment rate,percent in Iceland?
Unemployment rate,percent in Iceland was 4.5% in 2025, according to the World Bank.
What is the highest unemployment rate,percent recorded in Iceland?
The highest recorded value was 8.4% in 2010.
What is the lowest unemployment rate,percent recorded in Iceland?
The lowest recorded value was 2.5% in 2007.
How does Iceland rank for unemployment rate,percent?
Iceland ranks 46th out of 71 countries with data for 2025.
Is unemployment rate,percent rising or falling in Iceland?
Over the last ten years it is down 2.1%. The long-run trend across the full record is flat.
Where does this Iceland data come from?
The figures come from the World Bank, published as part of Unemployment rate,Percent,,,. Statizoid updates them automatically from the source API.

Download this data

CSV Β· JSON β€” 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Unemployment rate,Percent,,,
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
80 places, 2,196 data points, 1990–2026
Last refreshed