Norway Productivity - Forecast

Productivity in Norway is expected to be 122.24 Index 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 122.47 in 12 months time. In the long-term, the Norway Productivity is projected to trend around 122.63 Index Points in 2020, according to our econometric models.


Norway Productivity
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Norway Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.7 4 3.9 3.8 3.5 3.7
Employed Persons 2682 2696 2704 2712 2718 2760
Unemployed Persons 79977 80280 79420 79250 72205 78250
Labor Force Participation Rate 69.5 69.86 71.6 69.6 70.2 72.1
Long Term Unemployment Rate 1 1.02 0.99 0.98 0.96 0.87
Youth Unemployment Rate 8.9 8.95 8.97 8.96 8.96 8.96
Productivity 123 122 122 123 122 123
Labour Costs 121 120 123 123 129 127
Job Vacancies 68400 64889 63949 70788 74025 68165
Wage Growth 4.68 7.5 6.08 5.04 5.92 5.88
Wages in Manufacturing 159 158 154 156 162 160
Population 5.3 5.3 5.3 5.36 5.36 5.41
Retirement Age Women 62 62 62 62 62 62
Retirement Age Men 62 62 62 62 62 62
Part Time Employment 663 644 651 661 656 653
Wages 44310 45200 45200 46000 45842 46600
Employment Change 0.5 0.42 0.41 0.38 0.37 0.33
Employment Rate 66.8 67.43 67.1 67.2 67.75 67.71
Full Time Employment 1889 1930 1909 1900 1921 1919