Unemployment rate (IMF) — all countries

Unemployment rate (IMF) — Iceland

Unemployment rate (IMF) in Iceland in 2031 — 4%. Ranked 32 in the world out of 102. Since 1980, the indicator has risen by 3.7 pp.

2031 4% +0 pp vs 2030
World rank 32of 102
Period maximum 8.3%2010
Period minimum 0.3%1980

Trend over time

1980–2031 · % of labor force

Unemployment rate (IMF) — Iceland, 1980–203102.557.51019801986199219982004201020162022202820311980: 0.3%1981: 0.4%1982: 0.7%1983: 1%1984: 1.3%1985: 0.9%1986: 0.7%1987: 0.4%1988: 0.6%1989: 1.7%1990: 2.6%1991: 2.9%1992: 4.7%1993: 5.8%1994: 5.8%1995: 5.3%1996: 4.2%1997: 4.2%1998: 3.3%1999: 2.5%2000: 2.6%2001: 2.8%2002: 3.5%2003: 3.5%2004: 3.4%2005: 2.9%2006: 3.2%2007: 2.5%2008: 3.3%2009: 8%2010: 8.3%2011: 8%2012: 6.9%2013: 6.1%2014: 5.5%2015: 4.6%2016: 3.4%2017: 3.3%2018: 3.1%2019: 3.9%2020: 6.3%2021: 5.8%2022: 3.6%2023: 3.4%2024: 3.4%2025: 4.4%2026: 4.2%2027: 4.3%2028: 4%2029: 4%2030: 4%2031: 4%
Change over the period: +3.7 pp Annual average: 0.07 pp
Unemployment rate (IMF) — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2031 4 +0 pp
2030 4 +0 pp
2029 4 +0 pp
2028 4 −0.3 pp
2027 4.3 +0.1 pp
2026 4.2 −0.2 pp
2025 4.4 +1 pp
2024 3.4 +0 pp
2023 3.4 −0.2 pp
2022 3.6 −2.2 pp
2021 5.8 −0.5 pp
2020 6.3 +2.4 pp
2019 3.9 +0.8 pp
2018 3.1 −0.2 pp
2017 3.3 −0.1 pp
2016 3.4 −1.2 pp
2015 4.6 −0.9 pp
2014 5.5 −0.6 pp
2013 6.1 −0.8 pp
2012 6.9 −1.1 pp
2011 8 −0.3 pp
2010 8.3 +0.3 pp
2009 8 +4.7 pp
2008 3.3 +0.8 pp
2007 2.5 −0.7 pp
2006 3.2 +0.3 pp
2005 2.9 −0.5 pp
2004 3.4 −0.1 pp
2003 3.5 +0 pp
2002 3.5 +0.7 pp
2001 2.8 +0.2 pp
2000 2.6 +0.1 pp
1999 2.5 −0.8 pp
1998 3.3 −0.9 pp
1997 4.2 +0 pp
1996 4.2 −1.1 pp
1995 5.3 −0.5 pp
1994 5.8 +0 pp
1993 5.8 +1.1 pp
1992 4.7 +1.8 pp
1991 2.9 +0.3 pp
1990 2.6 +0.9 pp
1989 1.7 +1.1 pp
1988 0.6 +0.2 pp
1987 0.4 −0.3 pp
1986 0.7 −0.2 pp
1985 0.9 −0.4 pp
1984 1.3 +0.3 pp
1983 1 +0.3 pp
1982 0.7 +0.3 pp
1981 0.4 +0.1 pp
1980 0.3

About the indicator

The unemployment rate as a percent of the labor force, from the IMF World Economic Outlook database. The series is shorter than the ILO one: the IMF publishes it only for countries with comparable labor market statistics, but in exchange it includes a forecast. For full country coverage there is the unemployment rate based on ILO data.

Source: World Economic Outlook (IMF), license IMF open data.