58
Norway
Q4 2021
Total Labor Force (000s)
2,932
Employed Workers (000s) 2,809
Unemployed Workers (000s) 123
Unemployment Rate 4.2%
2,747
2,718
2,694
2,709
2,809
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
3.7%
3.6%
5.2%
5.0%
4.2%
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
78% - First Vaccine Dose
(December 2021)
Covid Update
14%
22%
35%
0%
25%
50%
75%
Employer Tax Profit Tax VAT
Norway Regional Average
Other Cost Considerations - Tax
Indicative Wages (USD)
$5,835
$5,644
$19.50
$0
$5
$10
$15
$20
$0
$2,500
$5,000
$7,500
Average Wage Manufacturing
Wage
Minimum Wage
Norway Regional Average
Year on year wage inflation in September '21 was 3.65%.
In June '21, there were over 101K open job vacancies.
Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
Hiring Demand Trend by Experience Level
TalentNeuron
Monthly Hourly
Although vaccine
mandates have not been
implemented, non-
vaccinated need to do
additional tests if they are
a close contact and non-
vaccinated healthcare
workers are expected to
do two tests a week.
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com/
https://ec.europa.eu/eurostat
https://www.ssb.no/en/
