Youth unemployment rate in Iceland in 2023

In 2023, the youth unemployment rate in Iceland increased by 0.7 percentage points (+8.26 percent) compared to 2022. In total, the youth unemployment rate amounted to 9.16 percent in 2023.
The youth unemployment rate refers to the share of the economically active population aged 15 to 24 currently without work but in search of employment. The youth unemployment rate does not include economically inactive persons such as the long-term unemployed or full-time students.

Find more statistics on other topics about Iceland with key insights such as labor participation rate among the total population aged between 15 and 64.