Real wages during each prime minister's tenure
Every prime minister since 1991, ranked by how real wages changed from their first day in office. Politare shows what happened during a tenure; it does not claim the office-holder caused it.
| # | Prime minister | In office | Total | Per year | Chart |
|---|---|---|---|---|---|
| 1 |  Davíð Oddsson | 30 Apr 1991 – 15 Sep 2004 | +30.5% Mar 1991 → Aug 2004 | +2.0%/yr | |
| 2 |  Sigmundur Davíð Gunnlaugsson | 23 May 2013 – 7 Apr 2016 | +18.5% Apr 2013 → Mar 2016 | +6.0%/yr | |
| 3 |  Katrín Jakobsdóttir | 30 Nov 2017 – 9 Apr 2024 | +13.7% Oct 2017 → Mar 2024 | +2.0%/yr | |
| 4 |  Jóhanna Sigurðardóttir | 1 Feb 2009 – 23 May 2013 | +4.4% Jan 2009 → Apr 2013 | +1.0%/yr | |
| 5 | Halldór Ásgrímsson | 15 Sep 2004 – 15 Jun 2006 | +3.6% Aug 2004 → May 2006 | +2.1%/yr | |
| 6 | Kristrún Frostadóttir | 21 Dec 2024 – now | +3.0% Nov 2024 → Sep 2026 | +1.6%/yr | |
| 7 | Geir Haarde | 15 Jun 2006 – 1 Feb 2009 | −4.3% May 2006 → Jan 2009 | −1.6%/yr |
Sorted by total, highest first. Every row is indexed to the last month complete before the first day in office ("from" marks a start that had to move because that period had no data, or because the period cut it); Levels are per cent changes, rates are differences in %; "per year" compounds levels and divides rates. Tenures with under 12 months, or under three observations, are left out. index, 2025 = 100 · Statistics Iceland, wage index at constant prices (LAU04800: the wage index over the consumer price index, as Statistics Iceland computes it), monthly from 1989, rebased by Politare to its 2025 average · Iceland data · as of Oct 2026.