From 2013 to 2018, people born outside of Iceland earned averagely less than people born in Iceland. Furthermore, people born in and outside of the EU earned roughly the same. The average annual wages for all three groups have grown over the last years. In 2018, Iceland-born citizens earned 5.5 million Icelandic Krona annually, EU-born citizens 4.8 million, and non-EU born 4.9 million.
Average annual income of foreigners in Iceland from 2013 to 2018, by broad group of country of birth
(in1,000 Icelandic Krona)
The total disposable income of a household is calculated by adding together the personal income received by all of household members plus income received at household level. Missing income information is imputed.
Disposable household income includes:
- all income from work (employee wages and self-employment earnings)
- private income from investment and property
- transfers between households
- all social transfers received in cash including old-age pensions
To take into account the impact of differences in household size and composition, the total disposable household income is "equivalised".
A 'private household' means "a person living alone or a group of people who live together in the same private dwelling and share expenditures, including the joint provision of the essentials of living".
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Eurostat. (October 27, 2021). Average annual income of foreigners in Iceland from 2013 to 2018, by broad group of country of birth (in1,000 Icelandic Krona) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1272854/average-annual-income-iceland-country-birth/
Eurostat. "Average annual income of foreigners in Iceland from 2013 to 2018, by broad group of country of birth (in1,000 Icelandic Krona)." Chart. October 27, 2021. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1272854/average-annual-income-iceland-country-birth/
Eurostat. (2021). Average annual income of foreigners in Iceland from 2013 to 2018, by broad group of country of birth (in1,000 Icelandic Krona). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1272854/average-annual-income-iceland-country-birth/
Eurostat. "Average Annual Income of Foreigners in Iceland from 2013 to 2018, by Broad Group of Country of Birth (In1,000 Icelandic Krona)." Statista, Statista Inc., 27 Oct 2021, https://www.statista.com/statistics/1272854/average-annual-income-iceland-country-birth/
Eurostat, Average annual income of foreigners in Iceland from 2013 to 2018, by broad group of country of birth (in1,000 Icelandic Krona) Statista, https://www.statista.com/statistics/1272854/average-annual-income-iceland-country-birth/ (last visited December 30, 2024)
Average annual income of foreigners in Iceland from 2013 to 2018, by broad group of country of birth (in1,000 Icelandic Krona) [Graph], Eurostat, October 27, 2021. [Online]. Available: https://www.statista.com/statistics/1272854/average-annual-income-iceland-country-birth/
