Iceland - Regular monthly earnings - May 31, 2023

According to Statistics Iceland, average regular monthly earnings were 668,000 ISK (€ 4,463) in 2022. For full time employees, regular monthly earnings were 745,000 ISK (€ 4,977) and the median 669,000 ISK (€ 4,469). 63% of employees received regular monthly earnings below the amount of average earnings, mainly because collective agreements set minimum wage rates but no maximum wages. Mean total monthly earnings for full-time employees were 871,000 ISK (€ 5,819) in 2022 and one fourth received total earnings below 636,000 ISK (€ 4,249). Half of all males had total monthly earnings over 826,000 ISK (€ 5,518) but one-third of females only. Full-time male employees worked on average 180.2 hours per month and full-time female employees 173 hours.

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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.