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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.

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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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