The purchasing power of wages has grown much faster in Iceland than in most European Union countries over the past decade. Average annual growth in purchasing power in Iceland has been 3.8%, compared with 0.4% on average across the EU.
Purchasing power has increased
The purchasing power of wages has grown much faster in Iceland than in most European Union countries over the past decade. Average annual growth in purchasing power in Iceland has been 3.8%, compared with 0.4% on average across the EU.