Norway | GPN

Norway has a small open economy with a population of 4.53 million people and a workforce of approx. 2.4 million. Following a period of strong expansion from 1993 to 1998, growth has been more moderate during the past three years. However, despite the slowdown, the economy is still characterised by high capacity utilisation and a shortage of labour in many sectors. The Norwegian labour market reflects the good economic performance through the 1990s. In 2000, Norway had an unemployment rate of 3.4 per cent and a labour force participation rate of 73.4 per cent in the age group 16-74 which is among the highest among OECD countries.

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Source:
Fafo, Institute for Applied Social Science
PO Box 2947 Tøyen
0608 Oslo, Norway
Tel: + 47 22 08 86 00
Fax: + 47 22 08 87 00
http://www.fafo.no

Data updated: October 31, 2002.

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