Labor cost index in Norway, September, 2020
For that indicator, we provide data for Norway from Q1 1997 to Q3 2020. The average value for Norway during that period was 86.83 index points with a minimum of 49.7 index points in Q1 1997 and a maximum of 124.4 index points in Q3 2020.
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Measure: index points
Source: Statistics Norway
Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.