Sr. Economic Analyst salary in Iceland

Average Yearly Salary of Sr. Economic Analyst in Iceland is approximately 16,452,807 ISK (114,721 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 Sr. Economic Analyst do?

A Senior Economic Analyst is a professional who analyzes economic data and trends to provide insights and recommendations for decision-making. They collect and interpret economic indicators, such as GDP, inflation rates, employment levels, and consumer spending, to assess the state of the economy and its impact on businesses and industries. Senior Economic Analysts often work in government agencies, financial institutions, consulting firms, or research organizations. Their responsibilities include conducting economic research, developing economic models, forecasting economic outcomes, and preparing reports and presentations for stakeholders. They may also provide guidance on policy development, investment strategies, and market trends. Strong analytical skills, knowledge of economic principles, and proficiency in statistical software are essential for this role. Effective communication and presentation skills are also crucial for conveying complex economic concepts to non-experts.

Skills: Senior Economic Analyst, Economic Research, Data Analysis, Economic Forecasting, Policy Development, Market Trends
Job industry: Finance

How much does Sr. Economic 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 Sr. Economic Analyst a well paid job?

Yes, our data shows that Sr. 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 Sr. Economic Analyst?

High salary for Sr. Economic Analyst would be somewhere between 18,098,088 ISK and 23,856,570 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Sr. 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: 16,452,807 ISK
Estimated Monthly Salary: 1,371,067 ISK
Estimated Weekly Salary: 316,400 ISK per week
Estimated Hourly Salary: 7,910 ISK per hour
By working as Sr. Economic Analyst a person can save up to 6,831 USD per month or 81,975 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 Sr. Economic 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.

Top 10 highest salaries in Iceland

Data as of 2025

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