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Job Market Overview: Employment Statistics in Iceland
Understanding Iceland's job market is crucial for both job seekers and employers. The country's current employment indicators show:
| Key Metric | Current Status |
|---|---|
| Total Population | 343.599 residents |
| Employment Rate | 71% (above OECD average) |
| Unemployment Rate | 3.84% (very competitive market) |
| Workforce Size | 243.955 active workers |
These Iceland employment statistics reveal a tight labor market where skilled professionals are in high demand. The 71% employment rate suggests strong job availability across sectors.
Living & Working in Iceland: Economic Insights
Before relocating or applying for jobs in Iceland, consider these key economic factors:
| Economic Indicator | Value | Comparison to U.S. |
|---|---|---|
| Average Monthly Salary | 6.100,00 USD | 135% of U.S. average (similar) |
| Purchasing Power | 92.3 | strong compared to U.S. (100) |
With 92.3 purchasing power, salaries in Iceland provide comfortable living standards. The average monthly salary of 6.100,00 USD is particularly attractive in the Fishing sector.
Top Industries & Job Opportunities in IS
Iceland's thriving job market spans these key sectors:
| Leading Industry | Fishing (growing at 5% annually) |
| Emerging Sector | Manufacturing (25% of workforce) |
| Service Sector | Tourism, Services (60% of GDP) |
| Major Employers | Landsbankinn, Marel, Icelandair (hiring year-round) |
Job seekers should focus on Fishing for the most opportunities, while Manufacturing offers growth potential. Major companies like Landsbankinn, Marel, Icelandair frequently post openings for skilled professionals.
CityJobs bridges the gap between job seekers and employers in Iceland, creating a more accessible and inclusive job market for all.
1. What's the employment situation in Iceland?
With a population of 343,599 and an employment rate of 71%, Iceland offers a competitive job market. The unemployment rate currently stands at 3.84%.
2. Which are the top companies in Iceland?
The leading employers in Iceland include Landsbankinn, Marel, Icelandair. These companies offer diverse opportunities across multiple sectors.
3. How far does salary go in Iceland?
The purchasing power ratio in Iceland is 92.3, meaning cost of living should be carefully considered when evaluating job offers.
4. How can I find jobs in Iceland?
Search our listings filtered for Iceland. Focus on industries where Landsbankinn, Marel, Icelandair are active, and consider that the 71% employment rate suggests strong competition for positions.
5. What should I know about working in Iceland?
With Landsbankinn, Marel, Icelandair as major employers, the job market tends to favor Manufacturing and Tourism, Services.
