Labour Costs in Norway decreased to 125.10 points in the first quarter of 2020 from 127.70 points in the fourth quarter of 2019.

Labour Costs in Norway averaged 89.44 points from 1995 until 2020, reaching an all time high of 140.40 points in the second quarter of 2019 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 July of 2020. source: Eurostat

Labour Costs in Norway is expected to be 129.57 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 127.60 in 12 months time. In the long-term, the Norway Labour Costs is projected to trend around 132.60 points in 2021 and 135.65 points in 2022, according to our econometric models.

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Norway Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
125.10 127.70 140.40 53.30 1995 - 2020 points Quarterly
NSA, 2010=100

Norway Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.20 3.60 5.10 2.40 percent [+]
Employed Persons 2715.00 2732.00 2747.00 1991.00 Thousand [+]
Unemployed Persons 75150.00 75670.00 188587.00 38220.00 [+]
Labor Force Participation Rate 70.20 70.50 74.10 60.20 percent [+]
Long Term Unemployment Rate 0.80 0.90 2.00 0.30 percent [+]
Youth Unemployment Rate 10.40 10.00 15.70 6.80 percent [+]
Labour Costs 125.10 127.70 140.40 53.30 points [+]
Productivity 104.96 106.48 106.48 57.16 points [+]
Job Vacancies 63900.00 65800.00 84500.00 1395.00 [+]
Wage Growth 2.78 3.46 18.56 1.07 percent [+]
Wages in Manufacturing 111.00 107.50 152.20 78.90 points [+]
Population 5.33 5.30 5.33 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 670.90 671.20 699.00 531.90 Thousand [+]
Full Time Employment 1942.50 1940.50 1960.60 1558.80 Thousand [+]
Employment Change 0.00 0.10 1.50 -0.90 percent [+]
Employment Rate 67.90 68.60 71.80 63.00 percent [+]
Wages 48730.00 46940.00 48730.00 20126.00 NOK/Month [+]