Makrognosis

Iceland Unemployment Rate

MonthlySeasonally adjustedCode IS.UNEMP.M.SA

Latest5.9%September 2026
Previous5.9%August 2026
Year ago4.8%September 2025

Iceland Unemployment Rate was 5.9% in September 2026, unchanged from August 2026 and up 1.1 percentage points from a year earlier.

Among the 53 economies Makrognosis covers on this measure, it is the 20th highest.

Over the past ten years it has ranged from 3.1% (Aug 2018) to 6.7% (Nov 2020), averaging 4.2%.

Iceland Unemployment Rate (% of labour force), Jan 2003 – Sep 20262%4%6%8%20052010201520202025Robomacro
Iceland Unemployment Rate (% of labour force), Jan 2003 – Sep 2026. Source: Eurostat (Statistical Office of the European Union).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
September 20265.9%
August 20265.9%
July 20265.9%
June 20265.8%
May 20265.8%
April 20265.8%
March 20265.8%
February 20265.7%
January 20265.6%
December 20255.4%
November 20255.2%
October 20255.0%
September 20254.8%
August 20254.6%
July 20254.4%
June 20254.2%
May 20254.1%
April 20254.0%
March 20254.0%
February 20254.0%
January 20253.9%
December 20243.8%
November 20243.7%
October 20243.6%

Last 24 observations. The full history (285 observations) is available through the API.

Get Iceland Unemployment Rate in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/IS.UNEMP.M.SA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/IS.UNEMP.M.SA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationJanuary 2003
Observations285
FrequencyMonthly
Units% of labour force
AdjustmentSeasonally adjusted
10-year high6.7% (Nov 2020)
10-year low3.1% (Aug 2018)
10-year average4.2%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codeIS.UNEMP.M.SA

Unemployment Rate: how Iceland compares

#EconomyPeriodLatest
1South AfricaSep 202633.7%
2FinlandSep 202611.0%
3North MacedoniaSep 202610.7%
4SpainSep 202610.3%
5ChileSep 20269.8%
15AustriaSep 20266.3%
16ItalySep 20266.3%
17RomaniaSep 20266.3%
18LithuaniaSep 20266.2%
19BelgiumSep 20266.0%
20IcelandSep 20265.9%
21SlovakiaSep 20265.7%
22PortugalSep 20265.6%
23PhilippinesSep 20265.4%
24BrazilSep 20265.2%
25ChinaSep 20265.2%
26SwitzerlandJun 20265.1%

Unemployment Rate by country: all 53 economies ranked →

Other Iceland indicators

Iceland GDP (Gross Domestic Product)Iceland Inflation Rate (CPI)Iceland Core Inflation RateIceland GDP implicit deflator, 2010=100, seasonally and calendar adjustedIceland General government interest expenditure, EUR mnIceland General government total revenue, EUR mnIceland Population, 1 JanuaryIceland Youth unemployment rate (under 25), % of labour force, SA

FAQ

What is the current unemployment Rate in Iceland?
The latest reading is 5.9% for September 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code IS.UNEMP.M.SA.

Last updated 2026-11-08. Source: Eurostat (Statistical Office of the European Union). Original title: “Iceland - Unemployment rate, % of labour force, SA”.