Wage bill as a percentage of GDP in Iceland
Iceland: Wage bill as a percentage of GDP was 14.9% in 2022. β¬ Flat
Latest (2022)
14.9%
Change on year
down 5.3%
World rank
13th
of 190 countries
All-time high
16.0%
in 2020
All-time low
13.2%
in 2011
Years of data
23
2000β2022
Wage bill as a percentage of GDP in Iceland, 2000β2022
Source: World Bank.
Analysis
Iceland recorded 14.9% for wage bill as a percentage of gdp in 2022.
The figure is down 5.3% on the previous year and up 11.4% over ten years.
Over the whole period, wage bill as a percentage of gdp in Iceland peaked at 16.0% in 2020 and was at its lowest, 13.2%, in 2011.
That places Iceland 13th out of 190 countries with data for 2022, putting it in the top 10%.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.2% | 13.3% | 15.4% | 10 |
| 2010s | 13.6% | 13.2% | 14.2% | 10 |
| 2020s | 15.5% | 14.9% | 16.0% | 3 |
Countries ranked near Iceland
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 wage bill as a percentage of gdp in Iceland?
- Wage bill as a percentage of gdp in Iceland was 14.9% in 2022, according to the World Bank.
- What is the highest wage bill as a percentage of gdp recorded in Iceland?
- The highest recorded value was 16.0% in 2020.
- What is the lowest wage bill as a percentage of gdp recorded in Iceland?
- The lowest recorded value was 13.2% in 2011.
- How does Iceland rank for wage bill as a percentage of gdp?
- Iceland ranks 13th out of 190 countries with data for 2022.
- Is wage bill as a percentage of gdp rising or falling in Iceland?
- Over the last ten years it is up 11.4%. 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 Wage bill as a percentage of GDP. 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).