Iceland - Unemployment Rate 2018
2.70%
−0.60pp from 2017
Iceland's unemployment rate was 2.70% in 2018, decreased +0.60pp from 2.74% in 2017. This was the 29th highest globally.
Global Ranking - 2018▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Qatar | 0.11% | -21.4% |
| 2nd | Cambodia | 0.13% | -8.5% |
| 3rd | Niger | 0.54% | -3.6% |
| 4th | Solomon Islands | 0.72% | -0.7% |
| 5th | Thailand | 0.77% | -36.3% |
| 6th | Myanmar | 0.77% | -43.4% |
| 7th | Chad | 1.14% | 0.3% |
| 8th | Burundi | 1.15% | -8.2% |
| 9th | Viet Nam | 1.16% | -48.2% |
| 10th | Bahrain | 1.19% | -71.0% |
| 11th | Moldova | 1.24% | -70.0% |
| 12th | Benin | 1.43% | -15.7% |
| 13th | Mali | 1.62% | 8.1% |
| 14th | Cuba | 1.70% | 0.0% |
| 15th | Andorra | 1.78% | -24.5% |
| 16th | Tanzania | 1.79% | -3.3% |
| 17th | Oman | 1.80% | -28.7% |
| 18th | Macao SAR, China | 1.80% | -8.7% |
| 19th | Kuwait | 2.20% | -1.3% |
| 20th | United Arab Emirates | 2.24% | -9.2% |
| 21st | Czechia | 2.25% | -22.3% |
| 22nd | Tonga | 2.25% | 5.2% |
| 23rd | Guatemala | 2.28% | -7.3% |
| 24th | Madagascar | 2.30% | 8.5% |
| 25th | Philippines | 2.34% | -59.2% |
| 26th | Japan | 2.47% | -12.4% |
| 27th | Liechtenstein | 2.62% | 9.5% |
| 28th | Papua New Guinea | 2.65% | 2.7% |
| 29th | Iceland | 2.70% | -18.1% |
| 30th | Hong Kong SAR, China | 2.81% | -11.0% |
| 31st | Côte d'Ivoire | 2.85% | -12.8% |
| 32nd | Lao PDR | 2.90% | -11.4% |
| 33rd | Togo | 2.90% | -22.5% |
| 34th | Seychelles | 3.00% | 0.0% |
| 35th | Liberia | 3.06% | -0.3% |
| 36th | Guinea-Bissau | 3.13% | 1.2% |
| 37th | Sierra Leone | 3.19% | -12.7% |
| 38th | Ghana | 3.20% | -4.9% |
| 39th | Uganda | 3.25% | -5.2% |
| 40th | Mexico | 3.28% | -4.3% |
| 41st | Malaysia | 3.30% | -3.6% |
| 42nd | Bhutan | 3.35% | 6.8% |
| 43rd | Germany | 3.38% | -4.0% |
| 44th | Korea, Democratic People’s Republic of | 3.41% | -2.5% |
| 45th | Senegal | 3.45% | -15.3% |
| 46th | Peru | 3.49% | -49.3% |
| 47th | Trinidad and Tobago | 3.50% | -27.6% |
| 48th | Bolivia, Plurinational State of | 3.52% | -30.8% |
| 49th | Ecuador | 3.53% | -23.6% |
| 50th | Cameroon | 3.61% | 1.0% |
| 51st | Singapore | 3.61% | 66.1% |
| 52nd | Hungary | 3.67% | -9.5% |
| 53rd | Timor-Leste | 3.77% | -11.5% |
| 54th | Norway | 3.80% | -9.8% |
| 55th | Korea | 3.82% | 3.8% |
| 56th | Netherlands | 3.83% | -34.8% |
| 57th | Poland | 3.84% | -21.5% |
| 58th | United States | 3.90% | -10.6% |
| 59th | Israel | 3.92% | -7.3% |
| 60th | Malta | 3.96% | -1.3% |
| 61st | Comoros | 3.98% | -1.8% |
| 62nd | El Salvador | 4.01% | -44.3% |
| 63rd | Turkmenistan | 4.04% | 0.0% |
| 64th | Gambia, The | 4.06% | -20.4% |
| 65th | Pakistan | 4.08% | -30.0% |
| 66th | United Kingdom | 4.15% | -6.3% |
| 67th | Romania | 4.19% | -31.3% |
| 68th | Mozambique | 4.21% | 7.0% |
| 69th | Kenya | 4.28% | 20.9% |
| 70th | China | 4.31% | -13.8% |
| 71st | Sri Lanka | 4.32% | 2.8% |
| 72nd | New Zealand | 4.34% | -8.7% |
| 73rd | Indonesia | 4.39% | -20.2% |
| 74th | Bangladesh | 4.44% | 1.5% |
| 75th | Fiji | 4.52% | 0.5% |
| 76th | Kyrgyz Republic | 4.56% | -33.8% |
| 77th | Congo, Democratic Republic of | 4.63% | 0.4% |
| 78th | Burkina Faso | 4.70% | 0.7% |
| 79th | Switzerland | 4.71% | 52.6% |
| 80th | Belarus | 4.76% | -16.2% |
| 81st | Guinea | 4.84% | -0.5% |
| 82nd | Kazakhstan | 4.85% | -1.0% |
| 83rd | Russian Federation | 4.87% | -6.3% |
| 84th | Azerbaijan | 4.90% | -1.2% |
| 85th | Austria | 4.93% | -17.0% |
| 86th | Maldives | 4.96% | -7.7% |
| 87th | Malawi | 5.02% | -0.5% |
| 88th | Zambia | 5.03% | 11.1% |
| 89th | Nigeria | 5.07% | -71.0% |
| 90th | Slovenia | 5.11% | -22.3% |
| 91st | Denmark | 5.13% | 22.2% |
| 92nd | Panama | 5.16% | -15.8% |
| 93rd | Nicaragua | 5.20% | 59.0% |
| 94th | Bulgaria | 5.21% | -16.4% |
| 95th | Australia | 5.35% | -4.6% |
| 96th | Vanuatu | 5.35% | 2.0% |
| 97th | Mongolia | 5.38% | -38.9% |
| 98th | Uzbekistan | 5.39% | -7.5% |
| 99th | Estonia | 5.41% | -6.1% |
| 100th | Guam | 5.45% | 0.6% |
| 101st | Jamaica | 5.47% | -53.0% |
| 102nd | Luxembourg | 5.59% | -4.3% |
| 103rd | Honduras | 5.65% | 2.2% |
| 104th | Ireland | 5.74% | -15.0% |
| 105th | Eritrea | 5.76% | -0.8% |
| 106th | Central African Republic | 5.83% | -0.2% |
| 107th | Canada | 5.84% | -9.0% |
| 108th | Dominican Republic | 5.86% | 6.4% |
| 109th | Belgium | 5.94% | -16.3% |
| 110th | Saudi Arabia | 6.03% | 2.2% |
| 111th | Lithuania | 6.15% | -13.1% |
| 112th | Paraguay | 6.22% | 1.3% |
| 113th | Channel Islands | 6.34% | -7.8% |
| 114th | Sweden | 6.37% | -6.2% |
| 115th | Mauritius | 6.43% | -9.5% |
| 116th | Slovak Republic | 6.54% | -19.0% |
| 117th | Zimbabwe | 6.79% | 6.9% |
| 118th | Portugal | 6.97% | -24.6% |
| 119th | Tajikistan | 7.03% | -0.1% |
| 120th | European Union | 7.24% | -10.9% |
| 121st | Aruba | 7.30% | -18.0% |
| 122nd | Finland | 7.36% | -16.6% |
| 123rd | Latvia | 7.41% | -15.0% |
| 124th | Chile | 7.62% | 9.4% |
| 125th | India | 7.65% | 0.3% |
| 126th | Suriname | 7.82% | 11.7% |
| 127th | Equatorial Guinea | 7.82% | -0.3% |
| 128th | San Marino | 8.01% | -1.1% |
| 129th | Barbados | 8.32% | -16.4% |
| 130th | Croatia | 8.32% | -33.1% |
| 131st | Uruguay | 8.34% | 5.2% |
| 132nd | Cyprus | 8.50% | -23.0% |
| 133rd | Samoa | 8.65% | -8.0% |
| 134th | Brunei Darussalam | 8.70% | 3.8% |
| 135th | São Tomé and Principe | 8.71% | -35.3% |
| 136th | Ukraine | 8.80% | -8.8% |
| 137th | Costa Rica | 9.01% | -3.0% |
| 138th | France | 9.02% | -4.1% |
| 139th | Puerto Rico (US) | 9.20% | -15.6% |
| 140th | Argentina | 9.22% | 10.4% |
| 141st | Morocco | 9.27% | -9.1% |
| 142nd | Belize | 9.35% | 0.2% |
| 143rd | Colombia | 9.36% | -3.1% |
| 144th | Egypt, Arab Republic of | 9.86% | -19.5% |
| 145th | Bahamas, The | 10.00% | -1.0% |
| 146th | Mauritania | 10.41% | 0.7% |
| 147th | Italy | 10.54% | -6.7% |
| 148th | Nepal | 10.59% | -0.6% |
| 149th | Lebanon | 10.76% | 4.9% |
| 150th | Rwanda | 10.76% | -9.4% |
| 151st | Türkiye | 10.96% | 0.5% |
| 152nd | Afghanistan | 11.19% | 0.1% |
| 153rd | French Polynesia | 11.60% | 0.0% |
| 154th | New Caledonia | 11.70% | 0.2% |
| 155th | Virgin Islands (US) | 11.70% | 2.3% |
| 156th | Algeria | 12.11% | 3.4% |
| 157th | Cabo Verde | 12.17% | -0.2% |
| 158th | Iran, Islamic Republic of | 12.20% | 1.0% |
| 159th | Albania | 12.30% | -10.2% |
| 160th | Brazil | 12.33% | -4.1% |
| 161st | Sudan | 12.35% | -37.0% |
| 162nd | Georgia | 12.67% | -41.4% |
| 163rd | Serbia | 12.73% | -12.2% |
| 164th | South Sudan | 12.85% | -1.0% |
| 165th | Iraq | 13.46% | 3.4% |
| 166th | Syrian Arab Republic | 13.51% | -0.7% |
| 167th | Guyana | 13.63% | 1.2% |
| 168th | Haiti | 13.93% | 0.0% |
| 169th | Montenegro | 15.19% | -5.5% |
| 170th | Spain | 15.26% | -11.4% |
| 171st | Tunisia | 15.46% | -0.3% |
| 172nd | Angola | 16.60% | -0.1% |
| 173rd | Lesotho | 16.61% | 1.4% |
| 174th | Yemen, Republic of | 17.59% | -5.5% |
| 175th | Jordan | 18.26% | -0.2% |
| 176th | Bosnia and Herzegovina | 18.40% | -10.2% |
| 177th | Somalia, Fed. Rep. | 18.70% | 1.3% |
| 178th | Libya | 18.87% | -1.0% |
| 179th | Armenia | 18.97% | 6.6% |
| 180th | St. Vincent and the Grenadines | 19.01% | -0.1% |
| 181st | Greece | 19.18% | -10.6% |
| 182nd | St. Lucia | 19.33% | 1.0% |
| 183rd | Botswana | 19.67% | 0.0% |
| 184th | Namibia | 19.88% | -8.6% |
| 185th | Gabon | 20.46% | 0.7% |
| 186th | Congo, Republic of | 20.84% | 0.5% |
| 187th | North Macedonia | 21.21% | -4.8% |
| 188th | Djibouti | 26.18% | 0.4% |
| 189th | West Bank and Gaza | 26.26% | 3.2% |
| 190th | Eswatini | 26.47% | 7.9% |
| 191st | South Africa | 26.91% | -2.0% |
FAQ
What was Iceland's unemployment rate in 2018?▾
Iceland's unemployment rate in 2018 was 2.70%. This ranked 29th globally.
How did Iceland's unemployment rate change in 2018?▾
Iceland's unemployment rate decreased by 18.1% in 2018 compared to 2017.
Which country had the highest unemployment rate in 2018?▾
South Africa had the highest unemployment rate in 2018 at 26.91%.
What is the unemployment rate of Iceland in 2018?▾
The unemployment rate of Iceland in 2018 was 2.70%. This ranked 29th globally.
How does 2018 compare to 2017 for Iceland's unemployment rate?▾
Iceland's unemployment rate went from 2.74% in 2017 to 2.70% in 2018, a 18.1% decrease.
Related
2017
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Full ranking 2018
Youth Unemployment
Labor Force Participation
Female Labor Participation
Agriculture Employment
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Peak: 2010
Lowest: 1980
Unemployment Rate 1990s
Unemployment Rate 2000s
Unemployment Rate 2010s
Unemployment Rate 2020s
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