Unemployment in Norway

Norway Unemployment | Economic News & Forecasts

Norway - Unemployment

Quarter-on-quarter economic growth appears to have decelerated in the first quarter of this year. New GDP estimates show both the total economy and mainland economy—which excludes hydrocarbon extraction activity and related transport—shrank in February from the previous month. This comes after modest growth for both economic groupings in January. Weighing on the economy was a wobbly industrial sector: Industrial output declined month-on-month in February for the fourth consecutive month. In addition, customs data reveals the merchandise trade deficit widened in Q1 over the previous quarter. More positively, the unemployment rate remained low in January, meaning household incomes likely continued to benefit from a tight labor market in Q1.

Norway - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate3.8  3.6  4.5  4.7  4.2  

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Norway Unemployment Chart


Norway Unemployment
Note: Unemployment in % of active population.
Source: Statistics Norway.

Norway Facts

ValueChangeDate
Bond Yield1.65-0.65 %May 13
Exchange Rate8.77-0.38 %May 13
Stock Market861-0.08 %May 13

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