ICELAND

Iceland

THE OFFICIAL SALARY IN ICELAND IN 2022:

Average salary – 731,000 Icelandic krónas per month ($5,625)

Minimum wage – 351,000 Icelandic krónas per month ($2,700)

Source: Trade unions and the Icelandic statistical office – statice. is

Read more about wages in Iceland here

Iceland is located in the North Atlantic Ocean and in the West of Northern Europe near Greenland and the United Kingdom.

INFORMATION ABOUT ICELAND (2022) 
Population 345 thousand
Average life expectancy  83 years
Unemployment rate 4.6%
Inflation  5.7%
Square 103,000 km²
Form of government Parliamentary republic
Income tax 31.45%–46.25%
Capital Reykjavík
Currency Icelandic króna
Official Language Icelandic
Doing Business rank 26
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