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Gender Pay Gap Over 16 Percent

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Gender Pay Gap Over 16 Percent

Icelandic money

Photo: Geir Ólafsson.

A new report from Statistics Iceland calculated the unadjusted gender pay gap (GPG) at 16.1 percent for the year 2016. The GPG was 17 percent in the previous year.

Men were about twice as likely as women to earn over ISK 1 million (USD 9,500/EUR 8,100) per month. Approximately 15 percent of men versus 6 percent of women earned above that amount in 2016.

Every fifth woman had a total monthly income below ISK 400,000 (USD 3,800/EUR 3,200), while the same was true for only every fourteenth man.

On average, total monthly earnings for women were 22 percent lower than total monthly earnings for men in 2016: ISK 582,000 (USD 5,500/EUR 4,700) versus ISK 742,000 (USD 7,000/EUR 6,000) respectively.

The full report can be read in English here.

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