Iceland - Unemployment Rate 2020
5.48%
+1.58pp from 2019
Iceland's unemployment rate was 5.48% in 2020, increased +1.58pp from 3.51% in 2019. This was the 77th highest globally.
Global Ranking - 2020▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Qatar | 0.14% | 40.0% |
| 2nd | Cambodia | 0.17% | 44.5% |
| 3rd | Niger | 0.59% | 11.3% |
| 4th | Solomon Islands | 0.87% | 16.4% |
| 5th | Burundi | 1.03% | -1.2% |
| 6th | Thailand | 1.10% | 9.9% |
| 7th | Moldova | 1.21% | -76.4% |
| 8th | Myanmar | 1.48% | 262.7% |
| 9th | Benin | 1.52% | 25.0% |
| 10th | Chad | 1.70% | 57.4% |
| 11th | Bahrain | 1.77% | -62.4% |
| 12th | Tanzania | 1.79% | 3.3% |
| 13th | Viet Nam | 2.10% | -3.1% |
| 14th | Togo | 2.23% | 9.6% |
| 15th | Cuba | 2.23% | 31.0% |
| 16th | Lao PDR | 2.35% | -7.2% |
| 17th | Philippines | 2.52% | -50.5% |
| 18th | Macao SAR, China | 2.54% | 47.4% |
| 19th | Czechia | 2.55% | 30.2% |
| 20th | Côte d'Ivoire | 2.59% | 7.8% |
| 21st | Tonga | 2.71% | 25.3% |
| 22nd | Timor-Leste | 2.81% | -10.8% |
| 23rd | Japan | 2.81% | 19.1% |
| 24th | Guinea-Bissau | 2.89% | 19.6% |
| 25th | Papua New Guinea | 2.90% | 9.5% |
| 26th | Andorra | 2.93% | 41.0% |
| 27th | Oman | 2.94% | 43.8% |
| 28th | Guatemala | 2.97% | 35.2% |
| 29th | Liechtenstein | 2.99% | 19.8% |
| 30th | Seychelles | 3.00% | 0.0% |
| 31st | Poland | 3.16% | -3.8% |
| 32nd | Ghana | 3.18% | 3.6% |
| 33rd | Madagascar | 3.29% | 32.8% |
| 34th | Senegal | 3.43% | 19.9% |
| 35th | Kuwait | 3.49% | 57.7% |
| 36th | Sierra Leone | 3.51% | 9.5% |
| 37th | Mali | 3.53% | 7.2% |
| 38th | Korea, Democratic People’s Republic of | 3.62% | 5.4% |
| 39th | Uganda | 3.82% | 24.9% |
| 40th | Netherlands | 3.82% | -13.9% |
| 41st | Cameroon | 3.88% | 6.9% |
| 42nd | Germany | 3.88% | 31.6% |
| 43rd | Korea | 3.93% | 3.9% |
| 44th | Vanuatu | 4.05% | -25.7% |
| 45th | Belarus | 4.05% | -3.4% |
| 46th | Singapore | 4.10% | 82.2% |
| 47th | Liberia | 4.10% | 33.6% |
| 48th | Israel | 4.17% | 8.8% |
| 49th | Trinidad and Tobago | 4.21% | -1.1% |
| 50th | Hungary | 4.25% | 28.7% |
| 51st | Indonesia | 4.26% | -19.4% |
| 52nd | United Arab Emirates | 4.29% | 84.2% |
| 53rd | Norway | 4.42% | 18.7% |
| 54th | Mexico | 4.44% | 27.2% |
| 55th | Comoros | 4.47% | 13.8% |
| 56th | United Kingdom | 4.47% | 16.9% |
| 57th | Turkmenistan | 4.49% | 11.3% |
| 58th | Malaysia | 4.54% | 38.6% |
| 59th | Burkina Faso | 4.59% | 2.2% |
| 60th | New Zealand | 4.60% | 11.4% |
| 61st | Switzerland | 4.82% | 108.9% |
| 62nd | Malta | 4.86% | 18.9% |
| 63rd | Kazakhstan | 4.89% | 1.9% |
| 64th | Slovenia | 4.97% | 11.7% |
| 65th | China | 5.00% | -2.9% |
| 66th | El Salvador | 5.01% | -22.8% |
| 67th | Mozambique | 5.02% | 12.5% |
| 68th | Bhutan | 5.03% | 84.9% |
| 69th | Romania | 5.04% | 2.9% |
| 70th | Bulgaria | 5.04% | 17.8% |
| 71st | Fiji | 5.05% | 12.3% |
| 72nd | Austria | 5.20% | 7.8% |
| 73rd | Uzbekistan | 5.29% | -41.0% |
| 74th | Congo, Democratic Republic of | 5.36% | 16.3% |
| 75th | Sri Lanka | 5.36% | 11.8% |
| 76th | Maldives | 5.42% | 18.8% |
| 77th | Iceland | 5.48% | 40.5% |
| 78th | Bangladesh | 5.54% | 23.0% |
| 79th | Belgium | 5.55% | 3.3% |
| 80th | Kenya | 5.61% | 11.9% |
| 81st | Russian Federation | 5.62% | 22.2% |
| 82nd | Ireland | 5.62% | 12.8% |
| 83rd | Denmark | 5.64% | 54.3% |
| 84th | Nigeria | 5.71% | 9.8% |
| 85th | Malawi | 5.72% | 15.2% |
| 86th | Hong Kong SAR, China | 5.81% | 99.7% |
| 87th | Gambia, The | 5.84% | 30.3% |
| 88th | Kyrgyz Republic | 5.95% | 16.8% |
| 89th | Pakistan | 5.99% | -13.1% |
| 90th | Guinea | 6.01% | 19.7% |
| 91st | Zambia | 6.03% | 8.9% |
| 92nd | Ecuador | 6.12% | 59.3% |
| 93rd | Dominican Republic | 6.13% | -0.7% |
| 94th | Nicaragua | 6.18% | 25.4% |
| 95th | Guam | 6.24% | 15.5% |
| 96th | Eritrea | 6.38% | 9.7% |
| 97th | Australia | 6.39% | 23.6% |
| 98th | Mongolia | 6.41% | -35.2% |
| 99th | Jamaica | 6.50% | -15.6% |
| 100th | Central African Republic | 6.52% | 10.2% |
| 101st | Channel Islands | 6.63% | 7.2% |
| 102nd | Slovak Republic | 6.72% | 17.4% |
| 103rd | Luxembourg | 6.77% | 25.1% |
| 104th | Portugal | 6.85% | 3.3% |
| 105th | Estonia | 6.96% | 56.4% |
| 106th | European Union | 7.05% | 5.7% |
| 107th | Peru | 7.18% | 9.1% |
| 108th | Azerbaijan | 7.24% | 44.7% |
| 109th | San Marino | 7.34% | -4.2% |
| 110th | Croatia | 7.39% | -4.8% |
| 111th | Brunei Darussalam | 7.41% | -14.8% |
| 112th | Samoa | 7.47% | -5.0% |
| 113th | Paraguay | 7.55% | 14.9% |
| 114th | Tajikistan | 7.58% | 7.8% |
| 115th | Saudi Arabia | 7.66% | 36.2% |
| 116th | Cyprus | 7.76% | 8.8% |
| 117th | Finland | 7.76% | 15.1% |
| 118th | India | 7.86% | 5.0% |
| 119th | Bolivia, Plurinational State of | 7.90% | 57.7% |
| 120th | Egypt, Arab Republic of | 7.97% | -7.4% |
| 121st | France | 8.01% | -4.9% |
| 122nd | United States | 8.06% | 119.2% |
| 123rd | Latvia | 8.10% | 28.3% |
| 124th | Sweden | 8.29% | 20.0% |
| 125th | Lithuania | 8.49% | 35.7% |
| 126th | Aruba | 8.60% | 65.4% |
| 127th | Zimbabwe | 8.62% | 16.9% |
| 128th | Equatorial Guinea | 8.63% | 8.9% |
| 129th | Mauritius | 8.63% | 28.7% |
| 130th | Puerto Rico (US) | 8.89% | 7.1% |
| 131st | Suriname | 8.97% | 2.0% |
| 132nd | Serbia | 9.01% | -20.0% |
| 133rd | Italy | 9.19% | -7.2% |
| 134th | Ukraine | 9.48% | 11.5% |
| 135th | Canada | 9.66% | 69.9% |
| 136th | São Tomé and Principe | 9.68% | 9.6% |
| 137th | Iran, Islamic Republic of | 9.69% | -9.0% |
| 138th | Uruguay | 10.41% | 16.7% |
| 139th | Barbados | 10.59% | 4.9% |
| 140th | Belize | 10.76% | 19.0% |
| 141st | Chile | 10.93% | 51.4% |
| 142nd | Honduras | 10.98% | 103.9% |
| 143rd | Mauritania | 11.05% | 6.1% |
| 144th | Morocco | 11.19% | 21.6% |
| 145th | Argentina | 11.46% | 16.7% |
| 146th | Albania | 11.64% | 1.5% |
| 147th | Afghanistan | 11.71% | 4.7% |
| 148th | Georgia | 11.73% | -33.3% |
| 149th | Rwanda | 11.83% | 5.3% |
| 150th | Sudan | 12.00% | -45.7% |
| 151st | Bahamas, The | 12.02% | 19.0% |
| 152nd | French Polynesia | 12.96% | 11.8% |
| 153rd | Nepal | 13.04% | 24.4% |
| 154th | Türkiye | 13.15% | -4.0% |
| 155th | Lebanon | 13.25% | 17.3% |
| 156th | New Caledonia | 13.56% | 24.6% |
| 157th | Brazil | 13.70% | 14.4% |
| 158th | Algeria | 14.08% | 23.7% |
| 159th | South Sudan | 14.25% | 12.6% |
| 160th | Virgin Islands (US) | 14.37% | 22.0% |
| 161st | Cabo Verde | 14.65% | 72.4% |
| 162nd | Panama | 14.66% | 107.4% |
| 163rd | Syrian Arab Republic | 15.18% | 13.5% |
| 164th | Guyana | 15.31% | 16.2% |
| 165th | Spain | 15.53% | 10.1% |
| 166th | Haiti | 15.57% | 10.5% |
| 167th | Iraq | 15.77% | 11.8% |
| 168th | Bosnia and Herzegovina | 15.87% | 1.1% |
| 169th | Greece | 15.90% | -8.2% |
| 170th | Colombia | 15.98% | 47.0% |
| 171st | Costa Rica | 16.43% | 32.3% |
| 172nd | North Macedonia | 16.58% | -3.4% |
| 173rd | Angola | 16.70% | 1.2% |
| 174th | Tunisia | 17.65% | 18.6% |
| 175th | Montenegro | 17.88% | 18.2% |
| 176th | Yemen, Republic of | 17.96% | 4.4% |
| 177th | Armenia | 18.18% | -0.7% |
| 178th | Lesotho | 18.39% | 8.9% |
| 179th | Jordan | 19.21% | 0.7% |
| 180th | Somalia, Fed. Rep. | 19.41% | 3.1% |
| 181st | Libya | 19.65% | 3.0% |
| 182nd | St. Vincent and the Grenadines | 20.64% | 7.2% |
| 183rd | Namibia | 21.00% | 5.4% |
| 184th | Botswana | 21.02% | 4.6% |
| 185th | Gabon | 21.28% | 4.5% |
| 186th | Congo, Republic of | 22.29% | 8.7% |
| 187th | St. Lucia | 25.22% | 61.6% |
| 188th | West Bank and Gaza | 25.90% | 2.1% |
| 189th | Djibouti | 27.70% | 5.5% |
| 190th | South Africa | 29.22% | 1.8% |
| 191st | Eswatini | 32.98% | 16.9% |
FAQ
What was Iceland's unemployment rate in 2020?▾
Iceland's unemployment rate in 2020 was 5.48%. This ranked 77th globally.
How did Iceland's unemployment rate change in 2020?▾
Iceland's unemployment rate increased by 40.5% in 2020 compared to 2019.
Which country had the highest unemployment rate in 2020?▾
Eswatini had the highest unemployment rate in 2020 at 32.98%.
What is the unemployment rate of Iceland in 2020?▾
The unemployment rate of Iceland in 2020 was 5.48%. This ranked 77th globally.
How does 2020 compare to 2019 for Iceland's unemployment rate?▾
Iceland's unemployment rate went from 3.51% in 2019 to 5.48% in 2020, a 40.5% increase.
Related
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Full ranking 2020
Youth Unemployment
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Lowest: 1980
Unemployment Rate 1990s
Unemployment Rate 2000s
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