Wages in Norway increased 2.74 percent in March of 2021 over the same month in the previous year. source: Statistics Norway

Wage Growth in Norway averaged 10.81 percent from 2003 until 2021, reaching an all time high of 18.56 percent in the third quarter of 2009 and a record low of 1.07 percent in the second quarter of 2017. This page provides - Norway Wages in Manufacturing YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Wages in Manufacturing YoY - values, historical data and charts - was last updated on June of 2021.

Wage Growth in Norway is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Norway to stand at 2.80 in 12 months time. In the long-term, the Norway Wages in Manufacturing YoY is projected to trend around 3.00 percent in 2022 and 3.30 percent in 2023, according to our econometric models.

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Norway Wages in Manufacturing YoY

Actual Previous Highest Lowest Dates Unit Frequency
2.74 1.21 18.56 1.07 2003 - 2021 percent Quarterly
NSA

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 [+]