Unemployment, national estimate (% of total labor force) - SDG 8.5.2 in Iceland

Iceland: Unemployment, national estimate (% of total labor force) - SDG 8.5.2 was 3.56 in 2024. ▲ Rising

Latest (2024)
3.56
Change on year
up 1.1%
World rank
53rd
of 69 countries
All-time high
7.56
in 2010
All-time low
1.76
in 1990
Years of data
35
1990–2024

Unemployment, national estimate (% of total labor force) - SDG 8.5.2 in Iceland, 1990–2024

24681990200720241990: 1.81991: 2.51992: 4.31993: 5.31994: 5.31995: 5.21996: 3.61997: 3.71998: 3.11999: 2.22000: 1.92001: 1.92002: 32003: 42004: 42005: 2.52006: 2.82007: 2.32008: 2.92009: 7.22010: 7.62011: 72012: 62013: 5.42014: 4.92015: 42016: 32017: 2.72018: 2.72019: 3.52020: 5.52021: 62022: 3.82023: 3.52024: 3.6

Source: UNICEF.

Analysis

Iceland recorded 3.56 for unemployment, national estimate (% of total labor force) - sdg 8.5.2 in 2024.

The figure is up 1.1% on the previous year and down 27.3% over ten years.

Over the whole period, unemployment, national estimate (% of total labor force) - sdg 8.5.2 in Iceland peaked at 7.56 in 2010 and was at its lowest, 1.76, in 1990.

That places Iceland 53rd out of 69 countries with data for 2024, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 35 years of available data.

Unemployment, national estimate (% of total labor force) - SDG 8.5.2 in Iceland, year by year

Annual values for Unemployment, national estimate (% of total labor force) - SDG 8.5.2 in Iceland, 1990 to 2024.
Year Value Change
1990 1.76
1991 2.55 +45.0%
1992 4.31 +68.9%
1993 5.25 +22.0%
1994 5.33 +1.4%
1995 5.2 -2.5%
1996 3.6 -30.7%
1997 3.72 +3.3%
1998 3.07 -17.5%
1999 2.18 -29.0%
2000 1.94 -11.1%
2001 1.87 -3.2%
2002 2.99 +59.4%
2003 4 +33.8%
2004 4.03 +0.9%
2005 2.55 -36.8%
2006 2.83 +11.1%
2007 2.25 -20.5%
2008 2.95 +30.9%
2009 7.22 +145.1%
2010 7.56 +4.8%
2011 7.03 -7.1%
2012 6 -14.6%
2013 5.38 -10.4%
2014 4.9 -8.9%
2015 3.98 -18.7%
2016 2.98 -25.2%
2017 2.74 -7.9%
2018 2.7 -1.4%
2019 3.51 +29.7%
2020 5.48 +56.2%
2021 6.03 +10.1%
2022 3.79 -37.2%
2023 3.52 -7.2%
2024 3.56 +1.1%

Averages by decade

DecadeAverage LowestHighest Years
1990s 3.7 1.76 5.33 10
2000s 3.26 1.87 7.22 10
2010s 4.68 2.7 7.56 10
2020s 4.47 3.52 6.03 5

Countries ranked near Iceland

  1. 50 Norway 3.98 compare
  2. 51 Slovenia 3.7 compare
  3. 52 Netherlands 3.64 compare
  4. 54 Saudi Arabia 3.52 compare
  5. 55 Kyrgyzstan 3.5 compare
  6. 56 Germany 3.36 compare

See the full ranking of 69 places →

More health data for Iceland

All data for Iceland →

Frequently asked questions

What is unemployment, national estimate (% of total labor force) - sdg 8.5.2 in Iceland?
Unemployment, national estimate (% of total labor force) - sdg 8.5.2 in Iceland was 3.56 in 2024, according to UNICEF.
What is the highest unemployment, national estimate (% of total labor force) - sdg 8.5.2 recorded in Iceland?
The highest recorded value was 7.56 in 2010.
What is the lowest unemployment, national estimate (% of total labor force) - sdg 8.5.2 recorded in Iceland?
The lowest recorded value was 1.76 in 1990.
How does Iceland rank for unemployment, national estimate (% of total labor force) - sdg 8.5.2?
Iceland ranks 53rd out of 69 countries with data for 2024.
Is unemployment, national estimate (% of total labor force) - sdg 8.5.2 rising or falling in Iceland?
Over the last ten years it is down 27.3%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from UNICEF, published as part of Unemployment, national estimate (% of total labor force) - SDG 8.5.2. Statizoid updates them automatically from the source API.

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Unemployment, national estimate (% of total labor force) - SDG 8.5.2 in Iceland. Statizoid, drawing on UNICEF. Retrieved 13 September 2026, from https://health.statizoid.com/stat/unemployment-national-estimate-percent-of-total-labor-force-sdg-8-5-2/iceland/

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About this data

Indicator
Unemployment, national estimate (% of total labor force) - SDG 8.5.2
Source
UNICEF
Licence
UNICEF Terms of Use (attribution required)
Coverage
69 places, 2,350 data points, 1969–2025
Last refreshed