Market Intelligence Reports

Quarterly Global Market Report Q1 2021

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58 February, 2021 Norway Total Workforce (000s) Q4 '20 2,852 Unemployed Workers (000s) 143 Unemployment Rate 5.0% Youth Unemployment Rate 11.5% 1,142 2,531 896 115 683 54 19 years or Under Prime Working Age (20 -64 years) 65 years+ Local Born Foreign Born Population In Thousands 1,457 1,441 1,440 1,424 1,428 3.8% 4.2% 3.7% 4.6% 5.4% 1,289 1,281 1,279 1,268 1,272 3.7% 3.2% 3.4% 4.2% 4.6% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Employed Male Unemployed (%) Female Employed Female Unemployed (%) 67.1% 66.5% 65.7% 65.5% 65.5% 62.6% 61.7% 61.9% 61.7% 62.6% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Participation Rate Female Participation Rate 15.7% of the population is foreign born. 191K Norwegians have emigrated. The unemployment gap between foreign born and native born populations was 4.5 percentage points in 2019. 82% of the population live in urban areas. More than 600 Covid-19 deaths. Borders are generally closed to non-residents of Norway. Schools and non-essential shops are closed. A stay at home order is in place. Impact of Covid-19 on Labor Force Over Time Labor Force Participation Rates by Gender Migration Migration Migrant Stock by Working Age (June 2020) Latest Labor Force Statistics Workforce Labor Force Employed and Unemployed by Gender Covid-19 – Daily Confirmed Cases (7 Day Average) Covid-19 Restriction Update (End of February 2021) Covid-19 Update and Restrictions Employed W orkers in Thousands Key Sources: https://www.ilo.org/ https://data.worldbank.org/ https://migrationdataportal.org/ https://www.un.org/development/desa/pd/ https://vivoclinic.com/ https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html https://www.ssb.no/en/nasjonalregnskap-og-konjunkturer/nokkeltall/economic-and-financial-data-for-norway

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