As the COVID-19 pandemic hit Iceland in the spring of 2020, some industries were hit hard by the restrictions aimed at minimizing the spread of the virus. This was particularly the case in the tourism industry, where the number of employees dropped from around 26,000 in the first quarter of 2020 to less than 15,000 at its lowest in the first quarter of 2021. By the third quarter of 2023, 34,000 people were employed in the tourism industry in Iceland. Accommodation and food services as well as the transportation and storage industry were also hit hard by the pandemic.
Number of employed people in Iceland in selected industries from 1st quarter 2020 to 3rd quarter 2023
Characteristic
Manufacturing and Mining and quarrying
Construction
Wholesale and retail trade; repair of motor vehicles and motorcycles
Transportation and storage
Accommodation and food service activities
Tourism industries
Q3 2023
24,475
18,658
28,040
14,880
19,416
34,431
Q2 2023
23,617
18,297
28,173
14,104
18,529
32,085
Q1 2023
22,451
17,001
27,311
12,690
16,472
27,800
Q4 2022
23,066
17,468
27,990
12,811
17,586
29,078
Q3 2022
23,013
17,203
27,424
13,570
18,912
31,752
Q2 2022
22,838
16,578
27,399
12,768
17,123
28,365
Q1 2022
21,850
15,070
26,469
11,114
14,113
23,017
Q4 2021
22,296
15,422
27,185
11,059
15,269
24,254
Q3 2021
22,492
15,439
26,798
11,266
15,491
24,877
Q2 2021
21,961
14,926
26,288
9,726
11,505
18,034
Q1 2021
20,633
13,591
25,212
8,975
9,153
14,424
Q4 2020
21,171
14,167
25,683
9,370
9,466
15,292
Q3 2020
21,828
14,499
25,477
11,106
12,400
20,995
Q2 2020
21,571
14,073
25,152
11,777
11,697
21,405
Q1 2020
21,238
13,883
25,545
12,560
14,896
26,222
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Statistics Iceland. (November 6, 2023). Number of employed people in Iceland in selected industries from 1st quarter 2020 to 3rd quarter 2023 [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/1260914/number-of-employed-people-in-iceland-after-covid-by-industry/
Statistics Iceland. "Number of employed people in Iceland in selected industries from 1st quarter 2020 to 3rd quarter 2023." Chart. November 6, 2023. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/1260914/number-of-employed-people-in-iceland-after-covid-by-industry/
Statistics Iceland. (2023). Number of employed people in Iceland in selected industries from 1st quarter 2020 to 3rd quarter 2023. Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/1260914/number-of-employed-people-in-iceland-after-covid-by-industry/
Statistics Iceland. "Number of Employed People in Iceland in Selected Industries from 1st Quarter 2020 to 3rd Quarter 2023." Statista, Statista Inc., 6 Nov 2023, https://www.statista.com/statistics/1260914/number-of-employed-people-in-iceland-after-covid-by-industry/
Statistics Iceland, Number of employed people in Iceland in selected industries from 1st quarter 2020 to 3rd quarter 2023 Statista, https://www.statista.com/statistics/1260914/number-of-employed-people-in-iceland-after-covid-by-industry/ (last visited December 24, 2024)
Number of employed people in Iceland in selected industries from 1st quarter 2020 to 3rd quarter 2023 [Graph], Statistics Iceland, November 6, 2023. [Online]. Available: https://www.statista.com/statistics/1260914/number-of-employed-people-in-iceland-after-covid-by-industry/
