Iceland -Average wage increase 0.8% in 4th quarter -March 8, 2013

Statistics Iceland has reported on wages in the private sector by economic activity and occupational group in the fourth quarter of 2012. Wages increased by 0.8% on average from the previous quarter according to the quarterly wage index in 4th quarter 2012, with wages increasing by 1.3% in the economic activity of financial intermediation. During the same period wages in construction increased by 0.8%. Wages increased by 4.8% on average from previous year, 5.1% in the private sector and 4.0% in the public sector. The annual change of wage index ranged from 4.1% in wholesale to 9.0% in the economic activity of financial intermediation.



For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) or the communications officer at the ETUI, Mariya Nikolova For previous issues of the Collective bargaining newsletter please visit You may find further information on the ETUI at, and on the AIAS at

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