Iceland

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:

LABOUR MARKET

 

 

Labour market indicators

Unemployment rate in 2001: 2.3% (ILO data)


Working population:

Year

Total Population

Working population

Activity rate

2004  

290 000  
165 770  
57%  
Source : Worldbank


Employment by sector:

Year

Agriculture

Industry

Services

2002  

7.2%  
22.9%  
69%  
Sources: ILO, Eurostat, last available data

 

Employment contracts


Salaries

National monthly minimum wage as of 01/01/2003: No minimum wage is mandated by law, but the minimum wages negotiated in various collective bargaining agreements applied automatically to all employees in those occupations

Average wage for a employee in the manufacturing industry in 2004: 1234 kronur by  hour (ILO data)

 

Number of hours

Legal definition of full time work (per week): 40 hours


Useful links

For further informations on the labour market, check out the following web sites:

- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets

- NATLEX : ILO database on national labour laws

- Ministry of Social Affairs

- Confederation of Icelandic Employers (CIE)


Last modified in January 2006
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