Norway Labour Productivity Growth

1996 - 2023 | Quarterly | % | CEIC Data

Key information about Norway Labour Productivity Growth

  • Norway Labour Productivity improved by 0.17 % YoY in Dec 2023, compared with a drop of 2.87 % in the previous quarter
  • Norway Labour Productivity Growth data is updated quarterly, available from Mar 1996 to Dec 2023, averaging at 0.63 %
  • The data reached an all-time high of 6.05 % in Mar 2000 and a record low of -4.81 % in Mar 2008

CEIC calculates Labour Productivity Growth from quarterly Real GDP and quarterly Employment. Statistics Norway provides Real GDP in local currency, at chain linked 2021 prices, and Employment.


Further information about Norway Labour Productivity Growth

  • In the latest reports, Norway Population reached 5.37 Person mn in Dec 2019
  • Its Unemployment Rate remained the same at 3.70 % in Nov 2023
  • Monthly Earnings of Norway stood at 5,336.48 USD in Dec 2023
  • The country's Labour Force Participation Rate increased to 65.29 % in Dec 2022

View Norway's Labour Productivity Growth from Mar 1996 to Dec 2023 in the chart:

Norway Labour Productivity Growth

What was Norway's Labour Productivity Growth in Dec 2023?

Norway Labour Productivity improved by 0.17 % YoY in Dec 2023, compared with a drop of 2.87 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-0.17 Dec 2023 -2.87 Sep 2023 -4.81 Mar 2008 6.05 Mar 2000 % quarterly Mar 1996 - Dec 2023

Labour Productivity Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 0.65 Jun 2023 quarterly Mar 2010 - Jun 2023
Algeria (%) -4.67 2022 yearly 1992 - 2022
Argentina (%) -4.51 2023 yearly 1992 - 2023
Armenia (%) 5.60 Sep 2023 quarterly Mar 2009 - Sep 2023
Australia (%) -1.63 Dec 2023 quarterly Jun 1979 - Dec 2023
Austria (%) -2.26 Jun 2023 quarterly Mar 2005 - Jun 2023
Azerbaijan (%) -0.20 Dec 2023 quarterly Mar 2009 - Dec 2023
Bahrain (%) -3.66 Jun 2023 quarterly Mar 2009 - Jun 2023
Bangladesh (%) 5.11 2022 yearly 1992 - 2022
Belarus (%) 5.19 Dec 2023 quarterly Mar 2006 - Dec 2023
Belgium (%) 0.10 Dec 2023 quarterly Mar 2000 - Dec 2023
Bolivia (%) -0.64 2022 yearly 2000 - 2022
Bosnia and Herzegovina (%) -1.22 2023 yearly 2007 - 2023
Botswana (%) 7.30 Dec 2022 quarterly Sep 2008 - Dec 2022
Brazil (%) 1.52 2023 yearly 1992 - 2023
Brunei (%) -0.76 2022 yearly 1992 - 2022
Bulgaria (%) 0.68 Dec 2023 quarterly Mar 2001 - Dec 2023
Cambodia (%) 1.17 2021 yearly 2008 - 2021
Canada (%) -1.21 Dec 2023 quarterly Mar 1977 - Dec 2023
Chile (%) -2.14 Dec 2023 quarterly Mar 1987 - Dec 2023
China (%) 4.22 2023 yearly 1953 - 2023
Colombia (%) -2.02 Dec 2023 quarterly Mar 2002 - Dec 2023
Croatia (%) 10.94 Dec 2023 quarterly Mar 2008 - Dec 2023
Cyprus (%) 0.57 Dec 2023 quarterly Jun 2005 - Dec 2023
Czech Republic (%) 2.26 Dec 2023 quarterly Mar 1997 - Dec 2023
Denmark (%) 2.54 Dec 2023 quarterly Mar 1991 - Dec 2023
Ecuador (%) 0.87 2022 yearly 1992 - 2022
Egypt (%) -0.48 Dec 2023 quarterly Mar 2004 - Dec 2023
Estonia (%) -4.78 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) -1.05 Sep 2023 quarterly Mar 2006 - Sep 2023
Finland (%) -1.24 Dec 2023 quarterly Mar 1991 - Dec 2023
France (%) -1.25 2022 yearly 1979 - 2022
Georgia (%) 5.23 2022 yearly 1997 - 2022
Germany (%) -0.88 Dec 2023 quarterly Mar 1992 - Dec 2023
Ghana (%) -0.40 2022 yearly 1992 - 2022
Greece (%) 0.13 Dec 2023 quarterly Mar 1996 - Dec 2023
Hong Kong SAR, China (%) 4.63 Dec 2023 quarterly Dec 1982 - Dec 2023
Hungary (%) -0.80 Dec 2023 quarterly Mar 1999 - Dec 2023
Iceland (%) -2.99 Dec 2023 quarterly Mar 2004 - Dec 2023
India (%) 2.38 2022 yearly 1992 - 2022
Indonesia (%) 1.63 2023 yearly 2001 - 2023
Iran (%) -2.03 2022 yearly 1992 - 2022
Ireland (%) -11.70 Dec 2023 quarterly Mar 1999 - Dec 2023
Israel (%) -6.61 Dec 2023 quarterly Mar 2013 - Dec 2023
Italy (%) -1.13 Dec 2023 quarterly Mar 1997 - Dec 2023
Ivory Coast (%) 3.02 2022 yearly 1992 - 2022
Japan (%) 0.65 Dec 2023 quarterly Mar 1995 - Dec 2023
Jordan (%) 1.17 2021 yearly 2001 - 2021
Kazakhstan (%) 2.00 Sep 2023 quarterly Mar 2002 - Sep 2023
Kenya (%) -2.44 2021 yearly 2011 - 2021
South Korea (%) 1.11 Dec 2023 quarterly Sep 1983 - Dec 2023
Kosovo (%) -0.46 Mar 2023 quarterly Mar 2017 - Mar 2023
Kuwait (%) 1.29 2018 yearly 1993 - 2018
Kyrgyzstan (%) 7.14 2022 yearly 1993 - 2022
Laos (%) -0.89 2022 yearly 1992 - 2022
Latvia (%) -1.41 Jun 2023 quarterly Mar 2003 - Jun 2023
Lebanon (%) -9.16 2021 yearly 1992 - 2021
Lithuania (%) -2.31 Dec 2023 quarterly Mar 1996 - Dec 2023
Luxembourg (%) -2.38 Dec 2023 quarterly Mar 1996 - Dec 2023
Macau SAR, China (%) 80.89 Dec 2023 quarterly Mar 2002 - Dec 2023
North Macedonia (%) 1.24 Dec 2023 quarterly Mar 2005 - Dec 2023
Malawi (%) -4.08 2022 yearly 1992 - 2022
Malaysia (%) 0.46 Dec 2023 quarterly Mar 2001 - Dec 2023
Malta (%) 0.89 Dec 2023 quarterly Dec 2001 - Dec 2023
Mauritius (%) 7.38 Dec 2023 quarterly Mar 2005 - Dec 2023
Mexico (%) 0.64 Dec 2023 quarterly Jun 1996 - Dec 2023
Moldova (%) -1.25 Dec 2023 quarterly Mar 2001 - Dec 2023
Mongolia (%) 3.77 Dec 2023 quarterly Sep 2007 - Dec 2023
Montenegro (%) -4.61 Dec 2023 quarterly Mar 2011 - Dec 2023
Morocco (%) 5.72 2021 yearly 2000 - 2021
Mozambique (%) -0.29 2022 yearly 1992 - 2022
Myanmar (%) 63.00 2021 yearly 1992 - 2021
Nepal (%) 0.58 2022 yearly 1992 - 2022
Netherlands (%) -1.32 Dec 2023 quarterly Mar 1996 - Dec 2023
New Zealand (%) -2.86 Dec 2023 quarterly Jun 1988 - Dec 2023
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) -0.17 Dec 2023 quarterly Mar 1996 - Dec 2023
Oman (%) -5.73 2022 yearly 1999 - 2022
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) 1.78 Sep 2023 quarterly Dec 2009 - Sep 2023
Panama (%) 5.30 2022 yearly 1992 - 2022
Paraguay (%) 0.66 Dec 2023 quarterly Mar 2018 - Dec 2023
Peru (%) -1.00 2022 yearly 2002 - 2022
Philippines (%) -0.82 2022 yearly 1992 - 2022
Poland (%) 1.43 Dec 2023 quarterly Dec 1999 - Dec 2023
Portugal (%) 1.07 Dec 2023 quarterly Mar 1996 - Dec 2023
Qatar (%) -0.98 2019 yearly 2012 - 2019
Romania (%) 0.75 Dec 2023 quarterly Mar 1996 - Dec 2023
Russia (%) 3.11 Dec 2023 quarterly Mar 1996 - Dec 2023
Saudi Arabia (%) -3.93 2022 yearly 1971 - 2022
Serbia (%) 4.48 Dec 2023 quarterly Mar 2015 - Dec 2023
Singapore (%) -0.80 Dec 2023 quarterly Mar 1986 - Dec 2023
Slovakia (%) 0.67 Dec 2023 quarterly Mar 1996 - Dec 2023
Slovenia (%) 1.51 Dec 2023 quarterly Mar 1996 - Dec 2023
South Africa (%) -3.56 Dec 2023 quarterly Mar 2009 - Dec 2023
Spain (%) -1.58 Dec 2023 quarterly Mar 1996 - Dec 2023
Sri Lanka (%) 7.10 Dec 2023 quarterly Jun 2013 - Dec 2023
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) -1.16 Dec 2023 quarterly Mar 1994 - Dec 2023
Switzerland (%) -2.27 Dec 2023 quarterly Mar 2011 - Dec 2023

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Norway Key Series

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Includes 242 key indicators for Norway, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 16.3 Dec 2023 quarterly Dec 2002 - Dec 2023
Consolidated Fiscal Balance (USD mn) 14,604.965 Dec 2023 quarterly Mar 2002 - Dec 2023
Tax Revenue (USD mn) 41,251.074 Dec 2023 quarterly Mar 2002 - Dec 2023
Tax Revenue: % of GDP (%) 32.6 Dec 2023 quarterly Mar 2002 - Dec 2023
National Government Debt (USD mn) 224,382.7 2023 yearly 1995 - 2023
Government Debt: % of GDP (%) 44.3 2023 yearly 1995 - 2023
Forecast: Government Expenditure (NOK bn) 2,771.660 2028 yearly 1980 - 2028
Forecast: Government Net Debt (NOK bn) 2,191.300 2028 yearly 1980 - 2028
Forecast: Government Revenue (NOK bn) 3,394.140 2028 yearly 1980 - 2028
General Govt Taxes: GS: Value Added Tax (NOK mn) 381,500.000 2023 yearly 1995 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.315 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,906.7 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 12,277.9 Feb 2024 monthly Jan 1975 - Feb 2024
Total Exports Growth (%) -21.3 Feb 2024 monthly Jan 1976 - Feb 2024
Aluminum: Exports (USD th) 6,135,979.913 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 448,682.646 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 277,185.408 2022 yearly 1995 - 2022
Total Imports (USD mn) 7,371.2 Feb 2024 monthly Jan 1976 - Feb 2024
Total Imports Growth (%) -2.4 Feb 2024 monthly Jan 1977 - Feb 2024
Imports: Medicament (USD th) 1,781,332.513 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,061,381.998 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 449.730 Feb 2024 monthly Jan 1988 - Feb 2024
Total Imports from USA (USD mn) 482.477 Feb 2024 monthly Apr 1963 - Feb 2024
Total Exports to China (USD mn) 220.004 Feb 2024 monthly Mar 1977 - Feb 2024
Total Imports from China (USD mn) 764.485 Feb 2024 monthly Apr 1963 - Feb 2024
Exports: Crude Oil (NOK mn) 37,242.000 Feb 2024 monthly Jan 1974 - Feb 2024
Exports (NOK mn) 129,608.000 Feb 2024 monthly Jan 1975 - Feb 2024
Imports (NOK mn) 77,812.000 Feb 2024 monthly Jan 1976 - Feb 2024
Exports: Germany (NOK th) 22,026,793.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: United Kingdom (NOK th) 23,248,251.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: Netherlands (NOK th) 12,977,337.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: Sweden (NOK th) 10,823,383.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: France (NOK th) 7,495,122.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Chemical and Related Product (NOK th) 6,735,434.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Mineral Fuels and Lubricants (NOK th) 80,605,812.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Manufactured Goods (NOK th) 10,968,711.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Machinery and Transport Equipment (NOK th) 10,976,238.000 Feb 2024 monthly Jan 1988 - Feb 2024
Exports: 1-Digit: Food and Live Animals (NOK th) 13,532,875.000 Feb 2024 monthly Jan 1988 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,229.3 Dec 2023 quarterly Mar 1994 - Dec 2023
Current Account Balance (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Current Account Balance: % of GDP (%) 16.1 Sep 2023 quarterly Mar 1981 - Sep 2023
Foreign Direct Investment (USD mn) -566.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) -0.9 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Portfolio Investment (USD mn) 11,218.004 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 8.9 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,029.3 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 12,247.320 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt (USD mn) 772,516.8 Dec 2023 quarterly Mar 2003 - Dec 2023
External Debt: % of GDP (%) 152.5 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 291,620.9 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt: Short Term: % of GDP (%) 51.9 2022 yearly 2012 - 2022
Total Debt: % of GDP (%) 589.0 Dec 2023 quarterly Dec 1995 - Dec 2023
Forecast: Current Account Balance (USD bn) 105.824 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 1,509,953.566 Dec 2023 quarterly Mar 2012 - Dec 2023
BoP: FA: Foreign Liabilities: Other Investments (NOK mn) 351,325.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Direct Investment (DI) (NOK mn) 24,134.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Portfolio Investment (PI) (NOK mn) 537,644.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Other Investments (NOK mn) 200,228.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Assets: Reserve Assets (NOK mn) -26,664.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities (NOK mn) 466,632.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Direct Investment (DI) (NOK mn) -6,135.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: Financial Account (FA): Foreign Assets (NOK mn) 735,342.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: FA: Foreign Liabilities: Portfolio Investment (PI) (NOK mn) 121,442.000 Dec 2023 quarterly Mar 2005 - Dec 2023
BoP: BI: Net Current Transfers (NOK mn) -24,571.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: Current Account Balance (NOK mn) 171,339.000 Jun 2023 quarterly Mar 1981 - Jun 2023
BoP: BI: Net Compensation of Employees and Investment Income (NOK mn) 61,807.000 Jun 2023 quarterly Mar 1981 - Jun 2023
International Investment Position (IIP): Foreign Assets: Net (NOK mn) 15,283,750.000 Dec 2023 quarterly Mar 2012 - Dec 2023
IIP: Foreign Liabilities (NOK mn) 10,692,106.000 Dec 2023 quarterly Mar 2012 - Dec 2023
IIP: Foreign Assets (NOK mn) 25,975,856.000 Dec 2023 quarterly Mar 2012 - Dec 2023
Gross External Debt (NOK mn) 7,819,415.000 Dec 2023 quarterly Mar 2012 - Dec 2023
Gross Debt: External Loan Debt: General Public (NOK mn) 1,222,575.000 Dec 2018 quarterly Dec 2015 - Dec 2018
Foreign Direct Investment: Stock (NOK mn) 1,542,388.000 2022 yearly 2004 - 2022
Direct Investment Abroad: Stock: Equity Capital: Belgium (NOK mn) 2,508.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Netherlands (NOK mn) 203,949.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Sweden (NOK mn) 278,938.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Singapore (NOK mn) 84,769.000 2022 yearly 1998 - 2022
Direct Investment Abroad: Stock: Equity Capital: Africa (NOK mn) 17,239.000 2022 yearly 2004 - 2022
Direct Investment Abroad: Stock: Equity Capital (NOK mn) 1,701,383.000 2017 yearly 2004 - 2017
No of Bankruptcies: SIC 2007 (Unit) 1,186.000 Dec 2023 quarterly Mar 2006 - Dec 2023
No of New Registered Enterprises (Unit) 16,192.000 Dec 2023 quarterly Mar 2001 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 2022 yearly 1990 - 2022
Household Debt: % of GDP (%) 91.5 Dec 2023 quarterly Dec 1995 - Dec 2023
Money Supply M1 (USD mn) 247,743.328 Feb 2024 monthly Dec 1992 - Feb 2024
Money Supply M2 (USD mn) 287,449.590 Feb 2024 monthly Dec 1992 - Feb 2024
M2 Growth (%) -0.9 Feb 2024 monthly Dec 1993 - Feb 2024
Reserve Requirement Ratio (%) 3.5 Mar 2024 monthly Oct 2011 - Mar 2024
Foreign Exchange Reserves (USD mn) 73,487.5 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 14.217 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 10.2 Mar 2024 monthly Jan 1999 - Mar 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Dec 1959 - Mar 2024
Total Deposits (USD mn) 468,775.087 Feb 2024 monthly May 2009 - Feb 2024
Total Deposits Growth (%) 1.2 Feb 2024 monthly May 2010 - Feb 2024
Domestic Credit (USD mn) 688,972.4 Feb 2024 monthly Dec 1985 - Feb 2024
Domestic Credit Growth (%) 3.5 Feb 2024 monthly Dec 1986 - Feb 2024
Debt Service Ratio: Households (%) 19.500 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 34.300 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 414.690 Sep 2023 quarterly Mar 1975 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 1,108.913 Sep 2023 quarterly Dec 1953 - Sep 2023
Household Debt (USD mn) 463,793.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Total Loans (USD mn) 776,042.482 Dec 2023 monthly Mar 1996 - Dec 2023
Total Loans Growth (%) 4.57 Dec 2023 monthly Mar 1997 - Dec 2023
Private Debt: % of Nominal GDP (%) 118.20 Dec 2023 quarterly Mar 1996 - Dec 2023
Monetary Aggregates: Base Money (NOK mn) 69,307.000 Feb 2024 monthly Jan 1900 - Feb 2024
Official Reserve Assets: FR: Foreign Currency (FC) (NOK mn) 732,187.000 Mar 2024 monthly Jan 1999 - Mar 2024
Official Reserve Assets (NOK mn) 863,407.000 Feb 2024 monthly Jan 1999 - Feb 2024
Bank Deposits (NOK mn) 4,972,813.000 Feb 2024 monthly May 2009 - Feb 2024
Bank Deposits: Households (NOK mn) 1,255,207.000 Jan 2019 monthly Dec 1989 - Jan 2019
Loans: Banks (NOK mn) 4,927,383.000 Feb 2024 monthly Jan 1996 - Feb 2024
Non Performing Loans Ratio: Enterprises (%) 0.500 2022 yearly 1990 - 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.0 Mar 2024 monthly Feb 2005 - Mar 2024
Purchasing Manager Index: sa (NA) 56.310 Feb 2019 monthly Feb 2004 - Feb 2019

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