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Welcome to your comprehensive guide to the Iceland job market. Finding the right job or candidate requires solid data. We provide the latest statistics on employment, salaries, and economic indicators, empowering you to make informed decisions about your next career step or recruitment strategy in Iceland.
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) |
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.
Data Sources & Methodology
The statistical data (Population, Employment, Economic Indicators) used in this guide is compiled from the following authoritative sources:
- Employment & Economic Data: World Bank Indicators
- Cost of Living & Salaries: Numbeo Cost of Living Database
- Proprietary Data: Analysis derived from expert interviews and Cityjobs.info internal salary research.
Disclaimer: Data Volatility Note
We strive to update all statistics and figures annually. However, due to the nature of global economics, data like employment rates, exchange values, and average salaries can change rapidly due to political events, economic shifts, or unforeseen crises. Always verify critical figures with local governmental or financial institutions before making major decisions.
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 moderate 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.
