Senior Economist salary in Iceland

Average Yearly Salary of Senior Economist in Iceland is approximately 23,378,297 ISK (163,051 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 Senior Economist do?

A senior economist is a highly skilled professional who analyzes economic data, conducts research, and provides expert advice on economic issues. They are responsible for studying market trends, forecasting economic conditions, and assessing the impact of policies and regulations on various sectors. Senior economists often work in government agencies, research institutions, or consulting firms, where they play a crucial role in shaping economic policies and strategies. Their job involves collecting and interpreting economic data, developing economic models and theories, and presenting findings to stakeholders and decision-makers. They may also be involved in conducting cost-benefit analyses, evaluating the effectiveness of economic policies, and providing recommendations for improvement. Strong analytical skills, proficiency in statistical analysis software, and a deep understanding of economic theories and principles are essential for this role.

Skills: Senior Economist, Economic Analysis, Research, Economic Policy, Forecasting, Economic Modeling
Job industry: Finance and economics

How much does Senior Economist make?

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


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Salary comparison to National average

Is Senior Economist a well paid job?

Yes, our data show that Senior Economist is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Senior Economist?

High salary for Senior Economist would be somewhere between 25,716,127 ISK and 33,898,531 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Economist 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: 23,378,297 ISK
Estimated Monthly Salary: 1,948,191 ISK
Estimated Weekly Salary: 449,583 ISK per week
Estimated Hourly Salary: 11,240 ISK per hour
By working as Senior Economist a person can save up to 10,859 USD per month or 130,305 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 Senior Economist

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.

Top 10 highest salaries in Iceland

Data as of 2025

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