Minimum Wage 2014: Iceland

The International Labour Organisation - Monthly gross statutory minimum wage rates:

Full-time adult employees, aged 23+ [1]

Country: Iceland [2]
Minimum wage rate204,000 kronur
Currency code: HUF
Date effective01.02.2013

[1] Where official rates are expressed by the hour or week, they have been converted to monthly rates on the basis of a 40-hour week and 52-week year. Minimum wage figures are gross (pre-tax) rates and exclude any 13th or 14th month payments that may be due under national legislation, collective agreements, custom or practice.

[2] Iceland: The minimum pay level is established through a national collective agreement.

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