Labour Costs in Norway increased to 129.20 points in the first quarter of 2021 from 127.10 points in the fourth quarter of 2020. source: EUROSTAT

Labour Costs in Norway averaged 91.08 points from 1995 until 2021, reaching an all time high of 145.30 points in the second quarter of 2020 and a record low of 53.30 points in the fourth quarter of 1995. This page provides - Norway Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Labour Costs - values, historical data and charts - was last updated on June of 2021.

Labour Costs in Norway is expected to be 148.93 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Norway to stand at 130.66 in 12 months time. In the long-term, the Norway Labour Costs is projected to trend around 134.32 points in 2022 and 138.75 points in 2023, according to our econometric models.

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Norway Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
129.20 127.10 145.30 53.30 1995 - 2021 points Quarterly
NSA, 2010=100

Norway Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.00 4.80 6.40 1.40 percent [+]
Employed Persons 2699.00 2706.00 2755.00 1885.00 Thousand [+]
Unemployed Persons 115165.00 127411.00 295761.00 38220.00 [+]
Labor Force Participation Rate 70.60 70.30 74.10 60.20 percent [+]
Long Term Unemployment Rate 0.90 0.80 2.00 0.30 percent [+]
Youth Unemployment Rate 12.80 10.60 14.80 5.60 percent [+]
Labour Costs 129.20 127.10 145.30 53.30 points [+]
Productivity 112.59 112.90 112.90 57.16 points [+]
Job Vacancies 63900.00 65800.00 84500.00 1395.00 [+]
Wage Growth 2.74 1.21 18.56 1.07 percent [+]
Wages in Manufacturing 112.50 108.80 152.20 78.90 points [+]
Population 5.37 5.33 5.37 3.57 Million [+]
Retirement Age Women 62.00 62.00 62.00 62.00 [+]
Retirement Age Men 62.00 62.00 62.00 62.00 [+]
Part Time Employment 658.70 639.60 699.00 531.90 Thousand [+]
Full Time Employment 1937.30 1957.80 1960.60 1558.80 Thousand [+]
Employment Change 0.70 0.00 1.40 -2.70 percent [+]
Employment Rate 67.20 67.00 71.80 63.00 percent [+]
Wages 47970.00 46960.00 49430.00 20126.00 NOK/Month [+]