July 1942 Icelandic parliamentary election

← 1937 5 July 1942 October 1942 →
All 33 seats in the Lower House and 16 seats in the Upper House of Althing
Turnout	80.26%
Party Leader Vote % Seats +/– Upper House Independence Ólafur Thors 39.52 6 0 Progressive Jónas frá Hriflu 27.58 6 −1 Socialist Einar Olgeirsson 16.21 2 New Social Democratic Stefán Jóhann Stefánsson 15.45 2 0 Lower House Independence Ólafur Thors 39.52 11 0 Progressive Jónas frá Hriflu 27.58 14 +2 Socialist Einar Olgeirsson 16.21 4 New Social Democratic Stefán Jóhann Stefánsson 15.45 4 −2 This lists parties that won seats. See the complete results below. Prime Minister before Prime Minister after Ólafur Thors Independence Ólafur Thors Independence

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Parliamentary elections were held in Iceland on 5 July 1942.^[1] Although the Independence Party won a plurality of votes, the Progressive Party remained as the largest party in the Lower House of the Althing, winning 14 of the 33 seats.

Following the election, changes were made to the electoral system that reduced the over-representation of the Progressive Party.^[2] Early elections were held in October.