Iceland - Wage study reports 60% increase since 2012 - November 30, 2017

In the years between 2012-2016, wages increased 60%, reports the news agency The wage increase has slowed down recently, but it still remains far above the countries that the island does most trade with, where the increase was 6-8% in the same period. Although the current unemployment is very low, according to figures from Iceland Statistics it stood at 3.8% in October, and labour market participation was at 84.9%, making it the highest in the OECD countries, one can wonder who the people are whose paycheques have increased with 60%.

Read on: in English …

For more information, please contact the editor Jan Cremers or Nuria Ramos Martin, Amsterdam Institute for Advanced Labour Studies (AIAS) or the communications officer at the ETUI, Willy De Backer For previous issues of the Collective bargaining newsletter please visit Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at, and on the AIAS at

© ETUI aisbl, Brussels 2016. All rights reserved. We encourage the distribution of this newsletter and of the information it contains, for non-commercial purposes and provided the source is credited. The ETUI is not responsible for the content of external internet sites. The ETUI is financially supported by the European Union. The European Union is not responsible for any use made of the information contained in this publication.
This email is sent from

News Archive