Unemployment rates in Iceland were highest within the age group 16-24, standing at 8.4 percent in 2022. It was lowest among people aged between 55 and 74 years at only two percent. The unemployment rate is the share of unemployed people in the total workforce.
Unemployment rate in Iceland from 2020 to 2022, by age group
Characteristic
2020
2021
2022
55-74
3.5%
3.6%
2%
25-54
6.2%
5.5%
3.2%
16-24
11.9%
11.9%
8.4%
0%2.5%5%7.5%10%12.5%15%
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Statistics Iceland. (March 2, 2023). Unemployment rate in Iceland from 2020 to 2022, by age group [Graph]. In Statista. Retrieved May 07, 2025, from https://www.statista.com/statistics/1260068/unemployment-rate-by-age-group-in-iceland/
Statistics Iceland. "Unemployment rate in Iceland from 2020 to 2022, by age group." Chart. March 2, 2023. Statista. Accessed May 07, 2025. https://www.statista.com/statistics/1260068/unemployment-rate-by-age-group-in-iceland/
Statistics Iceland. (2023). Unemployment rate in Iceland from 2020 to 2022, by age group. Statista. Statista Inc.. Accessed: May 07, 2025. https://www.statista.com/statistics/1260068/unemployment-rate-by-age-group-in-iceland/
Statistics Iceland. "Unemployment Rate in Iceland from 2020 to 2022, by Age Group." Statista, Statista Inc., 2 Mar 2023, https://www.statista.com/statistics/1260068/unemployment-rate-by-age-group-in-iceland/
Statistics Iceland, Unemployment rate in Iceland from 2020 to 2022, by age group Statista, https://www.statista.com/statistics/1260068/unemployment-rate-by-age-group-in-iceland/ (last visited May 07, 2025)
Unemployment rate in Iceland from 2020 to 2022, by age group [Graph], Statistics Iceland, March 2, 2023. [Online]. Available: https://www.statista.com/statistics/1260068/unemployment-rate-by-age-group-in-iceland/
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