Iceland ranks 18th on a list of average hourly wages in 33 European countries in 2010 compiled by Stefán Ólafsson, professor at University of Iceland, and published on eyjan.is.
Photo: Páll Kjartansson/Iceland Review.
The average wage in Iceland is just 82 percent of that in the EU-27. Ireland tops the list, followed by Denmark and Switzerland while Romania and Bulgaria are on the bottom with 37 and 33 percent of the EU-27 average, respectively.
The average hourly wage in Iceland is similar to that in Malta and Slovenia, and far below that of the other Nordic nations, which are all in the top ten.