According to seasonally adjusted figures from the Icelandic Labour Force Survey, 11,900 individuals were unemployed in May 2021, or 5.8% of the labour force. The seasonally adjusted activity rate was 77.9% and the seasonally adjusted employment rate 72.2%.
The monthly wage index increased by 0.4% in May 2021 from the previous month. In the last twelve months the monthly wage index has risen by 7.5%.
Register based employment in the tourism industries in Iceland was 14,200 in April 2021, a decrease of 33% compared with April 2020. In the 12-month period from May 2020 to April 2021, an average of 17,700 people worked in the tourism industry, compared with just over 29,000 in the previous 12-month period.
GDP per capita in Iceland was 25% above the EU average in 2020 (EU-27, def. 2020). Actual individual consumption per capita in Iceland was 24% above the EU average. Price level index of food and non-alcoholic beverages in Iceland was 29% above the EU average in 2020. Figures have been updated.