Net annual earnings in Iceland
A single worker on average pay in Iceland took home €54,539 per year in 2023. The value for 2023 is the highest in the series, which starts in 2000.
Iceland, 2023
€54,539
Change from 2022
+2.9%
European Union, 2023
€28,324 per year
Median of OECD (38 countries), 2023
€29,218 per year
Position in 2023
2nd of 33
Net annual earnings in Iceland over time
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Iceland
European Union
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The chart loads when you scroll to it. The table below shows the same data.
The chart shows a calculation from the published values. The table below keeps the published values.
Euro per year. Source: Eurostat. Gaps mean no published value; points are not joined across missing years.
| Period | Iceland | European Union |
|---|---|---|
| 2025 | – | €29,954 per year |
| 2024 | – | €28,777 per yearb (break in time series) |
| 2023 | €54,539 per year | €28,324 per year |
| 2022 | €53,002 per year | €26,654 per year |
| 2021 | €47,375 per year | €25,104 per year |
| 2020 | €44,186 per year | €24,047 per year |
| 2019 | €47,254 per year | €23,850 per year |
| 2018 | €48,794 per year | €23,167 per year |
| 2017 | €50,456 per year | €22,597 per year |
| 2016 | €44,043 per year | €22,240 per year |
| 2015 | €37,027 per year | €21,954 per year |
| 2014 | €32,941 per year | €21,608 per year |
| 2013 | €29,099 per year | €21,324 per year |
| 2012 | €27,159 per year | – |
| 2011 | €24,971 per year | – |
| 2010 | €23,506 per year | – |
| 2009 | €21,684 per year | – |
| 2008 | €27,557 per year | – |
| 2007 | €42,384 per year | – |
| 2006 | €37,806 per year | – |
| 2005 | €38,019 per year | – |
| 2004 | €29,732 per year | – |
| 2003 | €28,077 per year | – |
| 2002 | €26,542 per year | – |
| 2001 | €25,313 per year | – |
Flags: b break in time series . A dash means no value was published.
In short
- That is a change of +2.9% from €53,002 per year in 2022.
- Since 2013, when it was €29,099 per year, the figure has changed by +87.4%.
- Among the 33 countries with data for 2023, Iceland has the 2nd highest value.
- The figure for the European Union in 2023 was €28,324 per year.