News and announcements

22 Feb
22 Feb 2024

The number of old pension beneficiaries increased by 4% in 2022

The number of old age pension beneficiaries was 55,295 in December 2022, having increased by 4.0% from the previous year. Disability pension beneficiaries were 20,273 and increased by 2.1%. In 2022 disability pension beneficiaries were 7.6% of the total population in the age group 18-66 years, a similar proportion as in the previous year. Figures have been updated.

22 Feb
22 Feb 2024

The wage index increased by 0.5% in January

The monthly wage index in January 2024 increased by 0.5% from the previous month and the monthly basic wage index increased by 0.4%. In the last twelve months the wage index has risen by 7.0% and the basic wage index has risen by 6.4%. Figures have been updated.

21 Feb
21 Feb 2024

Significantly slower growth in tourism towards the end of 2023

Turnover increased significantly in most industries in 2023 compared with the previous year. The tourism industry briefly became the largest industry in Iceland, growing by over 20% alongside real estate and construction. However, growth in the industry slowed down significantly during the last two months of the year.

21 Feb
21 Feb 2024

Unemployment 4.2% in January

A total of 9,600 individuals were unemployed in January 2024 according to seasonally adjusted results from the Icelandic Labour Force Survey. The seasonally adjusted unemployment rate was 4.2% in January, the employment rate was 77.7% and the activity rate was 81.1%. The unemployment rate increased by 0.3 percentage points between months while the employment rate increased by 1.2 points and the activity rate by 1.5 points. Figures have been updated.

Key figures

-

Consumer price index in and inflation index in Fetching consumer price index and inflation index...

-

Wage index in Fetching wage index...

-

Building cost index (reference month, December 2021=100) in Fetching building cost index...

-

Producer price index in Fetching producer price index...

-

Population 1 January Fetching population...

- %

Economic growth Fetching economic growth...

- %

Unemployment in Fetching unemployment...

- %

Inflation in , 12 month change CPI Fetching inflation, 12 month change CPI...

Graphs

Release calendar

  • 23 February 2024 Building cost index in February 2024
  • 23 February 2024 Producer price index in January 2024
  • 23 February 2024 Trade in goods and services - 4th quarter 2023 - Preliminary figures
  • 26 February 2024 Harmonised indices of consumer prices in January 2024
  • 28 February 2024 Consumer price index in February 2024
  • 29 February 2024 Value of catch in 2023 - Preliminary figures
  • 29 February 2024 Trade in goods in January 2024
  • 29 February 2024 Overnight stays in January 2024
  • 29 February 2024 National accounts 2023 - Provisional estimates