Production Analyst salary in Iceland

Average Yearly Salary of Production Analyst in Iceland is approximately 11,446,930 ISK (79,856 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 Production Analyst do?

A production analyst is responsible for monitoring and analyzing the production process within a company. They gather data on production levels, efficiency, and quality, and analyze it to identify areas for improvement. This involves studying production reports, conducting time studies, and collaborating with various departments to ensure optimal productivity. The production analyst also identifies bottlenecks in the production line and suggests solutions to streamline operations. They may be involved in implementing new processes or technologies to increase efficiency and reduce costs. Additionally, they track key performance indicators (KPIs) to evaluate the success of production strategies and make recommendations for improvement. Strong analytical skills, attention to detail, and the ability to work collaboratively are essential for this role.

Skills: production analysis, data analysis, process improvement, efficiency optimization, KPI tracking, production management
Job industry: Manufacturing

How much does Production Analyst make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Production Analyst a well paid job?

Yes, our data shows that Production 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 Production Analyst?

High salary for Production Analyst would be somewhere between 12,591,623 ISK and 16,598,049 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Production 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: 11,446,930 ISK
Estimated Monthly Salary: 953,911 ISK
Estimated Weekly Salary: 220,133 ISK per week
Estimated Hourly Salary: 5,503 ISK per hour
By working as Production Analyst a person can save up to 3,926 USD per month or 47,110 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 Production Analyst

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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