Norway Unemployment Rate Tradingeconomics.com Norway Unemployment Rate Forecast

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Norway Unemployment Rate Tradingeconomics.com Norway Unemployment Rate Forecast - was last updated on Wednesday, October 17, 2018.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 0.40 0.7 0.4 0.4 0.4 0.8 percent
Unemployment Rate 4.00 3.8 3.8 3.7 3.7 3.7 percent
Inflation Rate 3.40 2.3 1.9 2 1.8 1.5 percent
Interest Rate 0.75 0.75 1 1 1 1.75 percent
Balance of Trade 21119.00 19800 25400 6300 22859 14900 NOK Million
Government Debt to GDP 36.20 34 32 32 32 30 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 8.16
8.25 8.3 8.36 8.42 8.66
Stock Market 1029.03
points
1062 1052 1041 1031 990
Government Bond 10Y 2.03
percent
1.97 2.01 2.05 2.08 2.25
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 0.40
percent
0.7 0.4 0.4 0.4 0.8
GDP Annual Growth Rate 3.30
percent
2.3 2.1 2.3 2.2 2.6
GDP 398.83
USD Billion
425 450 450 450 470
GDP Constant Prices 805405.00
NOK Million
818909 819208 823929 823124 855325
Gross National Product 881187.00
NOK Million
888740 870770 901454 900573 928261
Gross Fixed Capital Formation 204223.00
NOK Million
211577 197750 208920 208716 220985
GDP per capita 91218.62
USD
91500 92200 92200 92200 93000
GDP per capita PPP 64800.06
USD
65000 65800 65800 65800 66300
GDP From Agriculture 5445.00
NOK Million
5515 5553 5570 5565 5760
GDP From Construction 49785.00
NOK Million
49444 50090 50930 50880 51642
GDP From Manufacturing 51335.00
NOK Million
52884 52240 52516 52464 55236
GDP From Mining 1208.00
NOK Million
1222 1243 1236 1235 1277
GDP From Public Administration 48528.00
NOK Million
49221 49269 49644 49596 51409
GDP From Utilities 4981.00
NOK Million
4973 5038 5096 5091 5194
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.00
percent
3.8 3.8 3.7 3.7 3.7
Employed Persons 2693.00
Thousand
2708 2715 2723 2729 2766
Unemployed Persons 81039.00
78420 77250 76200 75900 74250
Labor Force Participation Rate 70.40
percent
69.6 69.7 70.6 69.9 70.9
Long Term Unemployment Rate 1.00
percent
0.99 0.98 0.96 0.95 0.87
Youth Unemployment Rate 10.20
percent
9.92 9.93 9.93 9.93 9.93
Productivity 120.11
Index Points
121 121 120 120 119
Labour Costs 134.20
Index Points
124 125 135 124 132
Job Vacancies 68400.00
63949 70788 74025 67824 68165
Wages in Manufacturing 106.60
Index Points
154 156 107 107 160
Wage Growth 2.70
percent
2.5 2.6 2.6 2.8 3.4
Population 5.30
Million
5.3 5.36 5.36 5.36 5.41
Retirement Age Women 62.00
62 62 62 62 62
Retirement Age Men 62.00
62 62 62 62 62
Part Time Employment 663.10
Thousand
651 661 656 648 653
Wages 45570.00
NOK/Month
45200 46000 46000 46000 46600
Employment Change 0.30
percent
0.39 0.34 0.34 0.35 0.32
Employment Rate 67.60
percent
67.22 67.33 68 67.96 68.01
Full Time Employment 1889.30
Thousand
1909 1900 1921 1933 1919
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 3.40
percent
2.3 1.9 2 1.8 1.5
Harmonised Consumer Prices 110.30
Index Points
109 110 111 112 112
Consumer Price Index CPI 109.50
Index Points
109 109 111 111 112
Core Consumer Prices 106.90
Index Points
107 107 108 109 111
Core Inflation Rate 1.90
percent
1.7 1.6 1.6 1.7 1.9
GDP Deflator 109.29
Index Points
111 112 112 112 112
Producer Prices 268.80
Index Points
272 262 272 280 290
Producer Prices Change 21.10
percent
12.5 7.5 4.5 4 3.2
Export Prices 154.90
Index Points
153 154 153 153 154
Import Prices 142.90
Index Points
146 146 146 146 146
Food Inflation 3.40
percent
2.4 2.6 2.5 2.8 3.4
Inflation Rate Mom 0.60
percent
0.5 0.2 0.2 0.2 0.4
CPI Housing Utilities 114.50
Index Points
112 114 115 117 115
CPI Transportation 109.20
Index Points
108 109 112 111 112
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 0.75
percent
0.75 1 1 1 1.75
Interbank Rate 1.09
percent
1.06 1.31 1.31 1.31 2.06
Money Supply M0 81641.00
NOK Million
89499 87870 87459 87361 87366
Money Supply M1 2088213.00
NOK Million
2086841 2086685 2086660 2086659 2086659
Money Supply M2 2242304.00
NOK Million
2289246 2314578 2338119 2361536 2567768
Foreign Exchange Reserves 530664.00
NOK Million
532402 533918 533136 533260 533275
Loans to Private Sector 1775225.00
NOK Million
1796378 1810617 1823526 1835226 1901739
Deposit Interest Rate -0.25
percent
-0.25 0 0 0 0.75
Lending Rate 1.75
percent
1.75 2 2 2 2.75
Loan Growth 5.80
percent
5.5 5.34 5.22 5.12 4.73
Private Debt to GDP 284.60
percent
278 272 272 272 266
Central Bank Balance Sheet 9319711.00
NOK Millions
9519421 9704325 9868737 10035681 11465937
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 21119.00
NOK Million
19800 25400 6300 22859 14900
Exports 81012.08
NOK Million
79200 80100 75400 82156 85100
Imports 59893.47
NOK Million
59400 54700 69100 59297 70200
Current Account 80938.00
NOK Million
45800 55100 60200 29800 34200
Current Account to GDP 5.70
percent
7.7 8 8 8 8.5
External Debt 5222383.00
NOK Million
5220385 5221431 5220365 5221207 5220826
Terms of Trade 108.40
Index Points
105 106 105 105 105
Capital Flows 139446.00
NOK Million
56970 58521 74171 71172 67970
Crude Oil Production 1517.00
BBL/D/1K
1503 1502 1502 1502 1502
Terrorism Index 0.00
0 0 0 0 0
Weapons Sales 134.00
USD Million
178 166 154 142 183
Foreign Direct Investment -33665.00
NOK Million
-12205 -22263 -29800 -27315 -23926
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 36.20
percent
34 32 32 32 30
Government Budget 4.40
percent of GDP
4.7 4.9 4.9 4.9 5.1
Government Budget Value 3111.00
NOK Million
-7403 -15271 -1490 -103 -25862
Government Spending 198133.00
NOK Million
201969 201510 202690 202492 210950
Government Spending to GDP 50.30
percent
50 49.7 49.7 50.3 49.4
Government Revenues 341375.00
NOK Million
322592 337676 342236 315058 335149
Government Debt 629080.00
NOK Million
663053 707373 652834 690713 613234
Fiscal Expenditure 338264.00
NOK Million
327821 352947 343726 315161 361011
Military Expenditure 6329.60
USD Million
6380 6395 6410 6425 6617
Asylum Applications 280.00
persons
873 923 927 926 926
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 9.20
Index Points
9.5 8 8.6 9.1 5.1
Manufacturing PMI 55.70
54.5 54 54 53.2 52.5
Industrial Production 2.30
percent
4 4.1 3.8 0.38 2.5
Industrial Production Mom 1.80
percent
0.2 0.6 0.4 0.05 0.4
Manufacturing Production 5.10
percent
4.5 4.2 4 3.19 3
Capacity Utilization 78.90
percent
80.2 80.33 80.39 80.43 80.44
Changes in Inventories 35634.00
NOK Million
27726 27131 27607 28140 28371
Bankruptcies 386.00
Companies and Individuals
395 398 397 397 397
Car Registrations 14044.00
14680 14695 14707 14705 14705
Internet Speed 23539.08
KBps
29776 30644 31522 32277 38804
IP Addresses 2663340.00
IP
2715078 2718238 2718019 2719409 2719570
Leading Economic Index 0.60
percent
0.68 0.76 0.68 0.77 0.72
Mining Production -4.00
percent
0.38 1.15 1.43 1.55 1.63
Steel Production 55.02
Thousand Tonnes
45.37 46.64 47.04 46.99 47
Competitiveness Index 5.40
Points
5.4 5.4 5.4 5.4 5.4
Competitiveness Rank 11.00
11 11 11 11 11
Ease of Doing Business 8.00
8 8 9 9 7
Electricity Production 10544.00
Gigawatt-hour
14357 12542 10736 12229 12575
Corruption Index 85.00
Points
85 85 85 85 85
Corruption Rank 3.00
3 3 3 3 3
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Confidence 16.40
Index Points
17 14 14 12.52 17
Retail Sales MoM 0.60
percent
0.2 1.1 -2 0.5 0.6
Retail Sales YoY 1.10
percent
2.5 2.2 2.4 2.5 2
Consumer Spending 369614.00
NOK Million
373924 373386 378115 377746 390552
Disposable Personal Income 300593.00
NOK Million
292547 277844 298137 279952 293381
Personal Savings 6.60
percent
6.9 7 7.2 7.1 8.7
Consumer Credit 3393367.00
NOK Million
3458009 3505994 3553844 3601569 4025512
Gasoline Prices 1.90
USD/Liter
1.83 1.73 1.63 1.52 1.29
Household Spending 2.80
percent
0.9 -0.7 0.4 0.5 0.5
Households Debt To Gdp 101.60
percent of GDP
102 102 102 102 102
Households Debt To Income 197.54
percent
199 200 200 201 205
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 116.40
Index Points
119 118 118 118 118
Housing Starts 2851.00
units
2614 2623 2624 2624 2624
New Home Sales 26320.00
26234 26189 26159 26136 26077
Building Permits 3004.00
2659 2666 2676 2675 2674
Home Ownership Rate 82.60
percent
83.31 83.48 83.65 83.82 84.12
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 24.00
percent
24 24 24 24 24
Personal Income Tax Rate 38.52
percent
38.52 38.52 38.52 38.52 38.52
Sales Tax Rate 25.00
percent
25 25 25 25 25
Social Security Rate 22.30
percent
22.3 22.3 22.3 22.3 22.3
Social Security Rate For Companies 14.10
percent
14.1 14.1 14.1 14.1 14.1
Social Security Rate For Employees 8.20
percent
8.2 8.2 8.2 8.2 8.2
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature -2.91
celsius
-3.9 -7.82 3.82 2.37 0.12
Precipitation 163.15
mm
100 78.35 90.37 90.37 85.12