Home > Salary > Iceland > Economic Analyst
An economic analyst is a professional who studies and interprets economic data to provide insights and recommendations for businesses, organizations, or government agencies. They analyze various economic factors such as market trends, consumer behavior, and financial indicators to assess the performance of industries, markets, or specific companies. Economic analysts use statistical models and forecasting techniques to predict economic trends, evaluate risks, and identify opportunities for growth or improvement. They compile reports and presentations to communicate their findings and recommendations to clients or stakeholders. Additionally, economic analysts may also conduct research and contribute to economic policy development.
Estimated Yearly Salary: 12,127,264 ISK
Estimated Monthly Salary: 1,010,605 ISK
Estimated Weekly Salary: 233,217 ISK per week
Estimated Hourly Salary: 5,830 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 974,736 ISK
Estimated Weekly Salary: 224,939 ISK per week
Estimated Hourly Salary: 5,623 ISK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 84,416 USD
Estimated Monthly Salary: 7,035 USD
Estimated Weekly Salary: 1,623 USD per week
Estimated Hourly Salary: 41 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 12,127,264 ISK
Estimated Monthly Salary: 1,010,605 ISK
Estimated Weekly Salary: 233,217 ISK per week
Estimated Hourly Salary: 5,830 ISK per hour
By working as Economic Analyst a person can save up to 4,306 USD per month or 51,670 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Estimated Yearly Salary for Economic Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Economic Analyst salary in Iceland
Average Yearly Salary of Economic Analyst in Iceland is approximately 12,127,264 ISK (84,416 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Economic Analyst do?
An economic analyst is a professional who studies and interprets economic data to provide insights and recommendations for businesses, organizations, or government agencies. They analyze various economic factors such as market trends, consumer behavior, and financial indicators to assess the performance of industries, markets, or specific companies. Economic analysts use statistical models and forecasting techniques to predict economic trends, evaluate risks, and identify opportunities for growth or improvement. They compile reports and presentations to communicate their findings and recommendations to clients or stakeholders. Additionally, economic analysts may also conduct research and contribute to economic policy development.
Skills: Economic analyst, Data analysis, Market trends, Forecasting, Risk assessment, Economic policy
Job industry: Finance
Job industry: Finance
How much does Economic Analyst make?
Salary details
How much does Economic Analyst make?Estimated Yearly Salary: 12,127,264 ISK
Estimated Monthly Salary: 1,010,605 ISK
Estimated Weekly Salary: 233,217 ISK per week
Estimated Hourly Salary: 5,830 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,696,828 ISKEstimated Monthly Salary: 974,736 ISK
Estimated Weekly Salary: 224,939 ISK per week
Estimated Hourly Salary: 5,623 ISK per hour
Last revision of data: 2024-01-03Economic Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 84,416 USD
Estimated Monthly Salary: 7,035 USD
Estimated Weekly Salary: 1,623 USD per week
Estimated Hourly Salary: 41 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Economic Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as Economic Analyst in Iceland earns on average:
1.36 times the average salary (or 136% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Economic Analyst job salary compared to average salary in Iceland.
Comparison shows that a person working as Economic Analyst in Iceland earns on average:
1.36 times the average salary (or 136% of average salary).
Is Economic Analyst a well paid job?
Yes, our data shows that Economic Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Economic Analyst?
High salary for Economic Analyst would be somewhere between 13,339,990 ISK and 17,584,533 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Economic Analyst in Iceland?
Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 12,127,264 ISK
Estimated Monthly Salary: 1,010,605 ISK
Estimated Weekly Salary: 233,217 ISK per week
Estimated Hourly Salary: 5,830 ISK per hour
By working as Economic Analyst a person can save up to 4,306 USD per month or 51,670 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Norway, Faroe Islands, United Kingdom. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Economic Analyst
Norway is 118,726 USD
United Kingdom is 55,636 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Hr training coordinator (8,591,764 ISK per year, pre-tax.)
Ultrasound diagnostic (11,986,587 ISK per year, pre-tax.)
Diener (6,592,729 ISK per year, pre-tax.)
Dairy herdsman (5,188,070 ISK per year, pre-tax.)
Recorder (7,285,109 ISK per year, pre-tax.)
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Please note:This website aggregates salary data for reference purposes only.
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optisalary.com displays salary data exclusively for informational purposes. While we endeavor for correctness, we do not guarantee the validity of all figures. Users must verify salary details with reliable organizations before making career-related plans. Salary amounts may fluctuate based on multiple factors, such as geographic location, experience, and job role. We accept no responsibility for misinterpretations in the pay figures provided. By accessing optisalary.com, you accept that salary data is not absolute.