Iceland - Labor force, total

The value for Labor force, total in Iceland was 196,880 as of 2021. As the graph below shows, over the past 31 years this indicator reached a maximum value of 215,408 in 2019 and a minimum value of 142,048 in 1990.

Definition: Labor force comprises people ages 15 and older who supply labor for the production of goods and services during a specified period. It includes people who are currently employed and people who are unemployed but seeking work as well as first-time job-seekers. Not everyone who works is included, however. Unpaid workers, family workers, and students are often omitted, and some countries do not count members of the armed forces. Labor force size tends to vary during the year as seasonal workers enter and leave.

Source: Derived using data from International Labour Organization, ILOSTAT database and World Bank population estimates. Labor data retrieved in September 2019.

See also:

Year Value
1990 142,048
1991 144,011
1992 147,816
1993 147,890
1994 149,440
1995 155,109
1996 153,707
1997 153,671
1998 158,872
1999 164,024
2000 169,243
2001 171,628
2002 171,169
2003 171,715
2004 172,657
2005 174,967
2006 181,720
2007 187,329
2008 189,969
2009 187,696
2010 188,670
2011 187,884
2012 189,218
2013 193,193
2014 198,705
2015 203,037
2016 208,267
2017 210,572
2018 212,896
2019 215,408
2020 213,434
2021 196,880

Statistical Concept and Methodology: The labor force is the supply of labor available for producing goods and services in an economy. It includes people who are currently employed and people who are unemployed but seeking work as well as first-time job-seekers. Not everyone who works is included, however. Unpaid workers, family workers, and students are often omitted, and some countries do not count members of the armed forces. Labor force size tends to vary during the year as seasonal workers enter and leave. Data are generated with World Bank population estimates and ILO estimates on labor force participation rate. The ILO estimates are harmonized to ensure comparability across countries and over time by accounting for differences in data source, scope of coverage, methodology, and other country-specific factors. The estimates are based mainly on nationally representative labor force surveys, with other sources (population censuses and nationally reported estimates) used only when no survey data are available.

Aggregation method: Sum

Periodicity: Annual

General Comments: Data up to 2016 are estimates while data from 2017 are projections.

Classification

Topic: Labor & Social Protection Indicators

Sub-Topic: Labor force structure