Productivity in Norway decreased to 112.59 points in the first quarter of 2021 from 112.90 points in the fourth quarter of 2020. source: Statistics Norway

Productivity in Norway averaged 84.28 points from 1978 until 2021, reaching an all time high of 112.90 points in the fourth quarter of 2020 and a record low of 57.16 points in the third quarter of 1980. This page provides - Norway Productivity - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Productivity - values, historical data and charts - was last updated on June of 2021.

Productivity in Norway is expected to be 119.83 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in Norway to stand at 119.89 in 12 months time. In the long-term, the Norway Productivity is projected to trend around 119.15 points in 2022 and 118.62 points in 2023, according to our econometric models.

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Norway Productivity

Actual Previous Highest Lowest Dates Unit Frequency
112.59 112.90 112.90 57.16 1978 - 2021 points Quarterly
SA, 2016=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 [+]


Norway Productivity
In Norway, Productivity is the real value of output produced by a unit of labor during a certain time.