{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"is-unit-labour-costs","url":"https://apiardata.com/statistics/is-unit-labour-costs","html_url":"https://apiardata.com/statistics/is-unit-labour-costs/","title":"Iceland Nominal Unit Labour Costs (2025)","description":"Iceland's Nominal Unit Labour Costs: 229.5 Index (2010=100) in 2025, +6.0% YoY. Eurostat (NAMA_10_LP_ULC), 2000–2025.","domain":"macro","category":"Economy & Macro","keywords":["Macroeconomics","Eurostat","Iceland","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Iceland","temporal_coverage":"2000/2025","unit":"Index (2010=100)","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"Iceland Nominal Unit Labour Costs","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/NAMA_10_LP_ULC/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":"229.5","unit":"Index (2010=100)","trend":{"direction":"up","value":"+6.0% YoY"}},{"label":"YoY Change","value":"+6.0%","unit":"Index (2010=100)"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"26","unit":"years of data"}],"series":[{"key":"value","label":"Iceland Nominal Unit Labour Costs"}],"observation_count":26,"observations":[{"period":"2000","value":63.404},{"period":"2001","value":67.444},{"period":"2002","value":71.704},{"period":"2003","value":74.096},{"period":"2004","value":75.109},{"period":"2005","value":78.576},{"period":"2006","value":86.809},{"period":"2007","value":91.003},{"period":"2008","value":92.949},{"period":"2009","value":92.948},{"period":"2010","value":100},{"period":"2011","value":108.101},{"period":"2012","value":114.001},{"period":"2013","value":118.987},{"period":"2014","value":124.296},{"period":"2015","value":132.875},{"period":"2016","value":139.686},{"period":"2017","value":148.095},{"period":"2018","value":156.972},{"period":"2019","value":160.173},{"period":"2020","value":167.025},{"period":"2021","value":174.491},{"period":"2022","value":186.286},{"period":"2023","value":199.953},{"period":"2024","value":216.395},{"period":"2025","value":229.469}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"Index (2010=100)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"229.5","yoyChange":"+6.0%"},{"year":"2024","value":"216.4","yoyChange":"+8.2%"},{"year":"2023","value":"200.0","yoyChange":"+7.3%"},{"year":"2022","value":"186.3","yoyChange":"+6.8%"},{"year":"2021","value":"174.5","yoyChange":"+4.5%"},{"year":"2020","value":"167.0","yoyChange":"+4.3%"},{"year":"2019","value":"160.2","yoyChange":"+2.0%"},{"year":"2018","value":"157.0","yoyChange":"+6.0%"},{"year":"2017","value":"148.1","yoyChange":"+6.0%"},{"year":"2016","value":"139.7","yoyChange":"+5.1%"},{"year":"2015","value":"132.9","yoyChange":"+6.9%"},{"year":"2014","value":"124.3","yoyChange":"+4.5%"},{"year":"2013","value":"119.0","yoyChange":"+4.4%"},{"year":"2012","value":"114.0","yoyChange":"+5.5%"},{"year":"2011","value":"108.1","yoyChange":"+8.1%"},{"year":"2010","value":"100.0","yoyChange":"+7.6%"},{"year":"2009","value":"92.9","yoyChange":"unchanged"},{"year":"2008","value":"92.9","yoyChange":"+2.1%"},{"year":"2007","value":"91.0","yoyChange":"+4.8%"},{"year":"2006","value":"86.8","yoyChange":"+10.5%"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks nominal unit labour costs per hour worked in Iceland from 2000 to present (index 2010=100). Show cumulative cost increases and recent YoY changes. 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 229.5 Index (2010=100) in 2025 and reached its lowest recorded value of 63.4 in 2000. The latest reading of 229.5 in 2025 represents a change of +13.1."}]}