Statistics Iceland
Statistical Database
Íslenska
Statistical database
The 3 steps are Choose table, Choose variable and Show result. You are currently at Choose variable

Wage indices, quarterly averages from 2015

Choose variables

1/22/2025
Index/percent
2015-
Statistics Iceland
LAU04101
Now you have come to the page, Choose variable. This page give you the oportunity to select which variables and values you want to display in your result of the table. A variable is a property of a statistical unit. The page is divided into several boxes, one for each variable, where you can select values by click to highlight one or more values. It always starts with the statistics variable which is the main value counted in the table.
Mandatory
Field for searching for a specific value in the list box. This is examples of values you can search for.2015Q1 , 2015Q2 , 2015Q3 ,

Selected 1 of total 40

Mandatory

Selected 0 of total 2

Mandatory

Selected 0 of total 3

Number of selected data cells are:
(maximum number allowed is 100,000)

Presentation on screen is limited to 10,000 rows and 100 columns

Number of selected cells exceeds the maximum allowed 100,000
The quarterly averages of the wage indices are the averages of the monthly values
of the wage indices over each quarter. The averages are published 20 to 24 days
after the end of the reference quarter. The monthly total indices of the wage index and the basic wage index are
calculated and published 20 to 24 days after the end of reference month and can
be found in the statistical database under Wage index by month from 1989 and
Wage indices by month from 2015. The wage index and the basic wage index are based on Statistics Iceland's survey
on wages, earnings and labour costs. Included from 2019 are the following economic
activities: Manufacturing (C), Electricity, gas steam and air conditioning
supply (D), Water supply, sewerage, waste management and remediation
activities (E), Construction (F), Wholesale and retail trade; repair of motor
vehicles and motorcycles (G), Transportation and storage (H), Accommodation and
food service activities (I), Information and communication (J only big companies
in economic divisions 58-61), Financial and insurance activities (K), Professional,
scientific and technical activities (M only economic division 71), Public
administration and defence; compulsory social security (O), Education (P), Human
health and social work activities (Q) and Arts, entertainment and recreation (R).
Economic activities O, P, Q and R only include employees in the public sector. All calculations are based on full number of digits. Rounding of numbers can lead
to inconsistency in published data.

Index

Wage index

The wage index is based on hourly regular earning each month. Regular earnings
are the renumeration for regular working hours, that is ordinary working hours
according to collective agreements, both datyime and shift work hours.

Basic wage index

The basic wage index is based on hourly basic earnings each month. Basic earnings are
the remuneration for regular daytime working hours without any supplements. In some
cases employees have fixed-wage contracts and in those instances all earnings are
part of basic earnings as the pay-roll systems do not record overtime hours.
Fixed-wage contracts can be found in all occupational groups, but they are especially
common among managers and specialists.

Unit

Annual change, %

Change over last 4 quarters.