{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"is-compensation-of-employees-gdp","url":"https://apiardata.com/statistics/is-compensation-of-employees-gdp","html_url":"https://apiardata.com/statistics/is-compensation-of-employees-gdp/","title":"Iceland Compensation of Employees (% of GDP) (2025)","description":"Iceland's Compensation of Employees (% of GDP): 52.9 % of GDP (current prices) in 2025, -0.5pp YoY. Eurostat (NAMA_10_GDP), 2000–2025.","domain":"macro","category":"Economy & Macro","keywords":["Macroeconomics","Eurostat","Iceland","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Iceland","temporal_coverage":"2000/2025","unit":"% of GDP (current prices)","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"Iceland Compensation of Employees (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/NAMA_10_GDP/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2025"},{"label":"Observations","value":"26"},{"label":"Geography","value":"Iceland"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"Iceland (2025)","value":"52.9","unit":"% of GDP (current prices)","trend":{"direction":"down","value":"-0.5pp YoY"}},{"label":"YoY Change","value":"-0.5pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"26","unit":"years of data"}],"series":[{"key":"value","label":"Iceland Compensation of Employees (% of GDP)"}],"observation_count":26,"observations":[{"period":"2000","value":52.2},{"period":"2001","value":51.2},{"period":"2002","value":51.5},{"period":"2003","value":53.1},{"period":"2004","value":52.6},{"period":"2005","value":53.6},{"period":"2006","value":54.7},{"period":"2007","value":55.1},{"period":"2008","value":50.1},{"period":"2009","value":45},{"period":"2010","value":45.5},{"period":"2011","value":47.5},{"period":"2012","value":48.3},{"period":"2013","value":49.3},{"period":"2014","value":49.4},{"period":"2015","value":49.6},{"period":"2016","value":50.9},{"period":"2017","value":53.2},{"period":"2018","value":54.8},{"period":"2019","value":53.3},{"period":"2020","value":53.3},{"period":"2021","value":52.4},{"period":"2022","value":51.5},{"period":"2023","value":52.4},{"period":"2024","value":53.4},{"period":"2025","value":52.9}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP (current prices)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"52.9","yoyChange":"-0.5pp"},{"year":"2024","value":"53.4","yoyChange":"+1.0pp"},{"year":"2023","value":"52.4","yoyChange":"+0.9pp"},{"year":"2022","value":"51.5","yoyChange":"-0.9pp"},{"year":"2021","value":"52.4","yoyChange":"-0.9pp"},{"year":"2020","value":"53.3","yoyChange":"unchanged"},{"year":"2019","value":"53.3","yoyChange":"-1.5pp"},{"year":"2018","value":"54.8","yoyChange":"+1.6pp"},{"year":"2017","value":"53.2","yoyChange":"+2.3pp"},{"year":"2016","value":"50.9","yoyChange":"+1.3pp"},{"year":"2015","value":"49.6","yoyChange":"+0.2pp"},{"year":"2014","value":"49.4","yoyChange":"+0.1pp"},{"year":"2013","value":"49.3","yoyChange":"+1.0pp"},{"year":"2012","value":"48.3","yoyChange":"+0.8pp"},{"year":"2011","value":"47.5","yoyChange":"+2.0pp"},{"year":"2010","value":"45.5","yoyChange":"+0.5pp"},{"year":"2009","value":"45.0","yoyChange":"-5.1pp"},{"year":"2008","value":"50.1","yoyChange":"-5.0pp"},{"year":"2007","value":"55.1","yoyChange":"+0.4pp"},{"year":"2006","value":"54.7","yoyChange":"+1.1pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks compensation of employees (wages, salaries, and social contributions) as a share of GDP in Iceland from 2000 to present. It is published by Eurostat and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2000–2025 (26 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 55.1 % of GDP (current prices) in 2007 and reached its lowest recorded value of 45 in 2009. The latest reading of 52.9 in 2025 represents a change of -0.5pp."}]}