Unemployment in Norway
Norway - UnemploymentThe economy likely recovered in Q3, following the sharp contraction recorded in Q2. GDP grew mildly in August, slowing from July’s level as household spending lost steam—evidenced by a slowdown in retail sales during the month—and coming amid decelerating industrial production growth. More positively, merchandise exports in September shrank at the softest rate since February as oil production picked up from April’s nadir. Additionally, merchandise imports expanded for the fourth consecutive month, signaling improving domestic demand. Meanwhile, the government announced its draft budget for 2021, totaling NOK 315 billion—around USD 35 billion and nearly 10% of Mainland GDP—and continuing the expansionary stance of the previous year’s plan. Details include a growth-promoting cut to working capital and measures to continue mitigating the pandemic’s impact on the labor market.
Norway - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Norway Unemployment Chart
Source: Statistics Norway.
|Bond Yield||1.58||-0.65 %||Jan 01|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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June 10, 2021
Consumer prices decreased a seasonally-adjusted 0.09% over the previous month in May, contrasting the 0.35% increase logged in April.
June 9, 2021
Economic output increased 0.3% over the prior month in seasonally-adjusted terms in April, which contrasted the 0.3% decline recorded in March.
June 7, 2021
Industrial production slid 0.1% month-on-month in seasonally-adjusted terms in April (March: +0.9% mom).
May 12, 2021
The economy fell back into contraction in the first quarter, with GDP dropping 0.6% on a seasonally-adjusted quarter-on-quarter basis.
May 10, 2021
Consumer prices increased a seasonally-adjusted 0.35% over the previous month in April, contrasting March’s 0.26% fall.