Norway has a rather high labor force participation rate and a very low unemployment rate. Part of the reason for this fortunate situation is the so-called “tripartism”: a broad agreement among unions, employers, and government to maintain a high level of coordination in wage bargaining.
What is the current unemployment rate in Norway?
This statistic shows the unemployment rate in Norway from 1999 to 2020. In 2020, the unemployment rate in Norway was at approximately 4.62 percent….Norway: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2020 | 4.62% |
| 2019 | 3.69% |
| 2018 | 3.8% |
| 2017 | 4.16% |
What is the unemployment rate in Norway 2021?
As of February 2021, however, the rate increased to 13.6 percent….Unemployment rate after the coronavirus outbreak in Norway in 2021, by industry (as of February 2)
| Characteristic | Before COVID-19 | After COVID-19 |
|---|---|---|
| Retail and sales | 2.9% | 6.8% |
| Office work | 3.2% | 5.8% |
| Service and related industries | 2.7% | 5.8% |
| Executives | 2.4% | 5.5% |
What is the employment rate in Norway?
Looking forward, we estimate Employment Rate in Norway to stand at 67.58 in 12 months time. In the long-term, the Norway Employment Rate is projected to trend around 67.83 percent in 2022 and 68.01 percent in 2023, according to our econometric models.
How much is Norway in debt?
In 2020, the national debt of Norway amounted to around 171 billion U.S. dollars….Norway: National debt from 2016 to 2026 (in billion U.S. dollars)
| Characteristic | National debt in billion U.S. dollars |
|---|---|
| – | – |
