Statistics Iceland
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Wage index, annual averages from 1989

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1/22/2026
Index/percent
1989-
Statistics Iceland
LAU04200
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The annual averages of the wage indices are the averages of the monthly wage
indices over each calendar year. The averages are published about 20 days after the
end of the reference year. 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. The wage index is 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.