Labor Force Participation Rate for Iceland



Indicator Definition:
Labor force participation rate is the proportion of the population ages 15-64 that is economically active: all people who supply labor for the production of goods and services during a specified period.

The statistic "Labor Force Participation Rate" stands at 86.79 percent as of 12/31/2024, the highest value since 12/31/2020.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.079 percentage points compared to the value the year prior.
The 1 year change in percentage points is 0.079.
The 3 year change in percentage points is 1.92.
The 5 year change in percentage points is -0.303.
The 10 year change in percentage points is -0.376.

The Serie's long term average value is 85.80 percent. It's latest available value, on 12/31/2024, is 0.989 percentage points higher, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/1990, to it's latest available value, on 12/31/2024, is +4.79.
The Serie's change in percentage points from it's maximum value, on 12/31/2016, to it's latest available value, on 12/31/2024, is -2.41.

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