63
November, 2020
Norway
Global:
11
Availability:
12
Cost:
51
Regulation:
5
Productivity:
23
2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40)
Region:
6
Availability:
9
Cost:
28
Regulation:
4
Productivity:
7
Remote
Readiness
10
Remote
Readiness
16
$17 billion USD has been spent in response to Covid-19 in Norway. The main economic policies include:
• Wage subsidies for workers temporarily laid off
• Enhanced unemployment benefits
• Increased sickness and childcare benefits
• Compensation for fixed costs for businesses
• Reduced taxes and social insurance contributions
• Investment in start-ups
https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19
Norway categorises countries based on risk.
Any traveller coming from a high risk country
needs to provide a negative test result on
arrival and quarantine for 10 days.
Masks are mandatory in public place.
Schools are generally open.
5.4%
4.7%
0%
20%
Norway Regional Ave.
%
of
GDP
Norway
Q4 2019* Q4 2020*
% Change
YOY
Total Workforce
2.85M 2.84M -0.4%
Unemployment Rate (%) 3.7% 5.2% +41%
Unemployed Workers 106K 148K +40%
Manpower 2020 Total Workforce Index
Workforce Statistics
Covid-19 Situation
Covid-19 Government Spend as % of GDP Border Closures and Restrictions
Additional Government Spending and Foregone Revenue to September 2020
Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis)
*Reported figures at Q4 each year
https://covid19.who.int/
https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in-
Response-to-COVID-19
Other Sources:
https://data.worldbank.org/
https://ilostat.ilo.org/
https://home.kpmg/xx/en/home/insights/
https://www.gov.uk/foreign-travel-advice
United States Embassy
https://tradingeconomics.com/
Eurostat