2019 OECD Economic Surveys: Norway 2019

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Wellbeing in Norway is high; GDP per capita is among the top-ranking countries and the country scores well in measures of inclusiveness. Several challenges must be addressed, however, if this good standing is to be sustained. The economy is vulnerable to trade risks. Also, though property markets and related credit appear to be heading for a soft landing, risks remain. Norway has substantial opportunities for more effective public spending remain, and exploiting these will become more important as fiscal space narrows. Productivity growth remains low, requiring attention to business policy.

Employment rates among young and middle age cohorts have declined, and despite some positive trends many among older cohorts retire early. This is eroding Norway’s otherwise good record of strong labour supply and socio-economic inclusiveness through jobs. Chapter 2 of this Survey looks at this, and other aspects of Norway’s labour market. Policy issues covered include sick leave compensation and disability benefit, the old-age pension’s role in early retirement, education and skills, and immigrant integration.


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High share of youth do not complete upper secondary education

Percentage of 25-34 year-olds without upper secondary education, 2017 or latest


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