Business and economics information

Monthly regular salaries were 436 thousand ISK in the year 2013

In the year 2013 employees’ mean monthly regular salaries for full-time employees were 436 thousand ISK. The most common salaries were between 250-300 thousand ISK and about 17% of the employees received regular salaries in that range. About 75% of the employees had monthly regular salaries less than 500 thousand ISK. Mean monthly regular salaries for men were 475 thousand ISK and 393 thousand for women.


Total number of overnight stays increased by 15% in 2013

The total number of overnight stays was 4.3 million in the year 2013, which is 15% increase compared with the year 2012. Nights spent by foreign tourists accounted for 79% of the total number of overnight stays in 2013 and increased by 17% compared with previous year. At the same time overnight stays of Icelanders increased by 8%. From 2012 to 2013 the number of overnight stays increased in all types of accommodation establishments.


The surplus of the balance of trade in goods was ISK 11,200 million in the first two months of 2014

Balance of trade
The value of exported goods from Iceland amounted to ISK 89,300 million fob and the value of imported goods amounted to ISK 78,200 million fob (ISK 84,400 million cif) January-February 2014. Thus there was a trade surplus, calculated on fob value, of ISK 11,200 million as compared with a trade surplus of ISK 17,300 million in January-February 2013, at current rates of exchange.


Wages in the private sector increase by 5.7%

According to the wage index, wages in the private sector increased by 5.7% on average between the years 2012 and 2013. During the same period, wages in the private sector increased by 6.1% and wages in the public sector by 4.9%. The wage increase was 5.1% the central government employees and 4.7% for the local government employees.

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