Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Employment in Iceland - Statistics & Facts
The annual employment rate in Iceland dropped from 84 percent in 2019 to 80 percent in 2020, and remained short of 80 percent in 2021, before increasing again in 2022. However, even though the Icelandic economy was hit by the COVID-19 pandemic, especially the tourism industry, the country still has one of the highest employment rates among OECD-countries. Moreover, the employment rate is higher among men than among women, and it was lowest among young adults. The saga island was hit hard by the financial crisis in 2008 and 2009, which is underlined by the fact that the number of unemployed people in the country more than .
