Yemen Iceland

Updated 2026-02-25

Yemen

Minimum Wage

﷼21,000 /mo

$88.07 USD

Avg. Gross Salary

﷼85,000 /mo

Iceland

No statutory minimum wage

Avg. Gross Salary

kr800,000 /mo

Avg. salary: -94% Yemen vs Iceland

Unlike Iceland, which has no statutory minimum wage, Yemen mandates a wage floor of $88/mo. Average gross salaries diverge further: $356/mo in Yemen versus $6,479/mo in Iceland, a 18.2:1 ratio. Iceland has the tighter labor market, with unemployment at 3.6% compared to 17.3%.

Yemen's unemployment rate is 17.3% compared to Iceland's 3.6%.

Detailed Comparison

Detailed wage comparison between Yemen and Iceland
Metric	Yemen	Iceland	Diff
Minimum wage /mo	﷼21,000 $88.07	None	—
Avg. gross salary /mo	﷼85,000 /mo $356.45	kr800,000 /mo $6,478.78	-94.5%
Avg. net salary /mo	﷼75,000 /mo $314.52	kr560,000 /mo $4,535.15	-93.1%
Median individual income /yr	N/A/yr	kr7,800,000 /yr $63,168.12	—

Percentage differences are based on USD equivalent values. Positive means Yemen is higher.

Work Week

Yemen: 48 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Labour Law sets 48 hours/week. Thursday–Friday is the traditional weekend. Normal labour law enforcement has effectively ceased. Informal employment — petty trade, agriculture, and subsistence activities — dominates the economy.
Iceland: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.8x pay

Standard working week is 40 hours (set by collective agreements). The Act on Working Environment and Health sets maximum average of 48 hours/week per EU Working Time Directive. Overtime premiums are set by collective agreements, typically 80% premium (1.8x) for daytime overtime, higher for evenings/weekends. A landmark 2021 agreement reduced standard hours from 40 to 36 for many public sector workers, with the private sector gradually following.

What This Means for Workers

Standard work weeks differ: Yemen mandates 48 hours while Iceland mandates 40 hours.

See this comparison from Iceland's perspective: Iceland vs Yemen

Compare Yemen with...

Yemen vs United States $ 7.25 /hr

Yemen vs China ¥ 25 /hr

Yemen vs Germany € 13.9 /hr

Yemen vs United Kingdom £ 12.71 /hr

Yemen vs India ₹ 4,576 /mo

Yemen vs Japan ¥ 1,121 /hr

Yemen vs France € 12.02 /hr

Yemen vs South Korea ₩ 10,320 /hr

Yemen vs Canada C$ 18.1 /hr

Yemen vs Australia A$ 24.95 /hr

Yemen vs Brazil R$ 7.37 /hr

Yemen vs Russia ₽ 156.31 /hr

Yemen vs Mexico MX$ 9,583.52 /mo

Yemen vs Indonesia Rp 33,058 /hr

Yemen vs Netherlands € 14.71 /hr

Yemen vs Saudi Arabia ﷼ 23.08 /hr

Yemen vs Turkey ₺ 164.94 /hr

Yemen vs Taiwan NT$ 190 /hr

Yemen vs Switzerland

Yemen vs Poland zł 31.4 /hr

Yemen vs Thailand ฿ 10,400 /mo

Yemen vs Sweden

Yemen vs Argentina ARS 1,762 /hr

Yemen vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Yemen or Iceland?

In Yemen, the minimum wage is ﷼21,000/mo ($88.07 USD). In Iceland, it is no statutory minimum wage.

How much less does the average worker earn in Yemen compared to Iceland?

The average gross salary in Yemen is ﷼85,000/mo ($356.45 USD), compared to kr800,000/mo ($6,478.78 USD) in Iceland. In USD terms, workers in Yemen earn approximately 1718% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Yemen and Iceland is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Iceland earn more in nominal terms, though how far that income stretches depends on local prices in Yemen.

How do work hours compare between Yemen and Iceland?

Yemen has a longer standard work week at 48 hours, compared to 40 hours in Iceland. Workers in Yemen work 48 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Iceland working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.