Compensation of Employees (Local Currency) rose 6.13% to ISK 263 bil in Iceland in 2020, according to World Bank.
Historically, Compensation of Employees (Local Currency) in Iceland reached an all time high of ISK 263 bil in 2020 and an all time low of ISK 0.045 bil in 1972. When compared to Iceland's main peers, Compensation of Employees (Local Currency) in Denmark amounted to DKK 98.2 bil, NOK 223 bil in Norway, SEK 157 bil in Sweden and GBP 136 bil in United Kingdom in 2020.
Iceland has been ranked 40th within the group of 111 countries we follow in terms of Compensation of Employees (Local Currency), 5 places above the position seen 10 years ago.
| Compensation of Employees (Local Currency) | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Belgium | EUR bil | 11.5 | 11.1 | 11.1 | 11.3 | 11.4 | ||||||||||||||||
| Denmark | DKK bil | 88.0 | 89.2 | 89.4 | 89.9 | 93.5 | ||||||||||||||||
| Finland | EUR bil | 6.77 | 6.73 | 6.52 | 6.38 | 6.78 | ||||||||||||||||
| France | EUR bil | 191 | 192 | 195 | 199 | 202 | ||||||||||||||||
| Germany | EUR bil | 47.7 | 49.1 | 50.6 | 52.8 | 54.7 | ||||||||||||||||
| Iceland | ISK bil | 159 | 176 | 193 | 214 | 230 | ||||||||||||||||
| Ireland | EUR bil | 17.5 | 17.7 | 18.2 | 19.4 | 20.3 | ||||||||||||||||
| Netherlands | EUR bil | 20.6 | 20.8 | 21.5 | 22.0 | 23.1 | ||||||||||||||||
| Norway | NOK bil | 177 | 185 | 190 | 198 | 207 | ||||||||||||||||
| Russia | RUB bil | 3,459 | 3,498 | 3,482 | 3,634 | 3,953 | ||||||||||||||||
| Sweden | SEK bil | 122 | 126 | 131 | 137 | 142 | ||||||||||||||||
| United Kingdom | GBP bil | 96.3 | 96.6 | 99.7 | 117 | 127 |
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