In 2022, the labor participation rate among the total population aged between 15 and 64 in Iceland increased by 1.7 percentage points (+2 percent) since 2021. In total, the labor participation rate amounted to 86.53 percent in 2022. This increase was preceded by a declining labor participation rate. The labor force participation rate is the share of people aged 15 and over who are economically active (i.e. employed or actively searching for work). It is calculated by dividing the economically active population aged 15 and over by the total population aged 15 and over.
Find more statistics on other topics about Iceland with key insights such as youth unemployment rate.
Iceland: Labor force participation rate from 2012 to 2022
The labor force participation rate is the proportion of the population ages 15-64 that is economically active: all people who supply labor for the production of goods and services during a specified period.
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World Bank. (June 28, 2024). Iceland: Labor force participation rate from 2012 to 2022 [Graph]. In Statista. Retrieved September 19, 2024, from https://www.statista.com/statistics/993626/labor-force-participation-rate-in-iceland/
World Bank. "Iceland: Labor force participation rate from 2012 to 2022." Chart. June 28, 2024. Statista. Accessed September 19, 2024. https://www.statista.com/statistics/993626/labor-force-participation-rate-in-iceland/
World Bank. (2024). Iceland: Labor force participation rate from 2012 to 2022. Statista. Statista Inc.. Accessed: September 19, 2024. https://www.statista.com/statistics/993626/labor-force-participation-rate-in-iceland/
World Bank. "Iceland: Labor Force Participation Rate from 2012 to 2022." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/statistics/993626/labor-force-participation-rate-in-iceland/
World Bank, Iceland: Labor force participation rate from 2012 to 2022 Statista, https://www.statista.com/statistics/993626/labor-force-participation-rate-in-iceland/ (last visited September 19, 2024)
Iceland: Labor force participation rate from 2012 to 2022 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/993626/labor-force-participation-rate-in-iceland/
