Labour Costs in Norway decreased to 127 Index Points in the third quarter of 2019 from 139.90 Index Points in the second quarter of 2019. Labour Costs in Norway averaged 89 Index Points from 1995 until 2019, reaching an all time high of 139.90 Index Points in the second quarter of 2019 and a record low of 53.40 Index Points in the fourth quarter of 1995. source: Eurostat

Labour Costs in Norway is expected to be 126.83 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 131.57 in 12 months time. In the long-term, the Norway Labour Costs is projected to trend around 141.22 points in 2020, according to our econometric models.

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Norway Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
127.00 139.90 139.90 53.40 1995 - 2019 points Quarterly
NSA, 2010=100

Norway Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 3.80 5.10 2.40 percent [+]
Employed Persons 2733.00 2731.00 2745.00 1991.00 Thousand [+]
Unemployed Persons 76678.00 76719.00 188587.00 38220.00 [+]
Labor Force Participation Rate 70.50 71.30 74.10 60.20 percent [+]
Long Term Unemployment Rate 0.80 0.70 2.00 0.30 percent [+]
Youth Unemployment Rate 10.00 10.20 15.70 6.80 percent [+]
Productivity 103.98 105.40 105.40 57.16 points [+]
Labour Costs 127.00 139.90 139.90 53.40 points [+]
Job Vacancies 65800.00 84500.00 84500.00 1395.00 [+]
Wage Growth 3.64 3.10 18.56 1.07 percent [+]
Wages in Manufacturing 105.30 109.90 152.20 78.90 points [+]
Population 5.30 5.26 5.30 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 678.70 672.60 699.00 531.90 Thousand [+]
Wages 45900.00 47180.00 47220.00 20126.00 NOK/Month [+]
Employment Change 0.30 0.40 1.50 -0.90 percent [+]
Employment Rate 67.90 68.60 71.80 63.00 percent [+]
Full Time Employment 1960.60 1932.40 1960.60 1558.80 Thousand [+]