Labor force participation rate in Iceland 2022

In 2022, the labor participation rate among the total population aged between 15 and 64 in Iceland increased by 1.7 percentage points (+2 percent) compared to 2021. In total, the labor participation rate amounted to 86.53 percent in 2022. This increase was preceded by a declining labor participation rate.
The labor force participation rate refers to the share of the population aged 15 years and over who are economically active. Unemployed people actively searching for work are included, whereas the long-term unemployed (economically inactive) are not. It is calculated by dividing the total number of workers aged 15 and over by the total population aged 15 and over.

Find more statistics on other topics about Iceland with key insights such as youth unemployment rate.