Compensation of employees (current LCU) in Norway
Norway: Compensation of employees (current LCU) was 285.38 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Norway, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Norway stood at 285.38 billion current LCU. That is the highest value across all 53 years on record.
That represents a change of up 6.1% on the previous year and up 61.4% over ten years.
Over the whole period, compensation of employees in Norway peaked at 285.38 billion current LCU in 2024 and was at its lowest, 4.24 billion current LCU, in 1972.
That places Norway 53rd out of 156 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Norway, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 4.24 billion current LCU | — |
| 1973 | 4.68 billion current LCU | +10.5% |
| 1974 | 5.12 billion current LCU | +9.4% |
| 1975 | 6.13 billion current LCU | +19.8% |
| 1976 | 7.44 billion current LCU | +21.4% |
| 1977 | 8.13 billion current LCU | +9.3% |
| 1978 | 8.82 billion current LCU | +8.5% |
| 1979 | 9.27 billion current LCU | +5.1% |
| 1980 | 10.19 billion current LCU | +9.9% |
| 1981 | 11.96 billion current LCU | +17.4% |
| 1982 | 13.55 billion current LCU | +13.3% |
| 1983 | 14.61 billion current LCU | +7.8% |
| 1984 | 15.51 billion current LCU | +6.2% |
| 1985 | 16.76 billion current LCU | +8.0% |
| 1986 | 18.36 billion current LCU | +9.6% |
| 1987 | 20.31 billion current LCU | +10.6% |
| 1988 | 20.80 billion current LCU | +2.4% |
| 1989 | 22.40 billion current LCU | +7.7% |
| 1990 | 24.12 billion current LCU | +7.7% |
| 1991 | 25.34 billion current LCU | +5.1% |
| 1992 | 26.90 billion current LCU | +6.2% |
| 1993 | 27.94 billion current LCU | +3.9% |
| 1994 | 28.55 billion current LCU | +2.2% |
| 1995 | 34.89 billion current LCU | +22.2% |
| 1996 | 37.08 billion current LCU | +6.3% |
| 1997 | 39.49 billion current LCU | +6.5% |
| 1998 | 42.37 billion current LCU | +7.3% |
| 1999 | 45.00 billion current LCU | +6.2% |
| 2000 | 47.38 billion current LCU | +5.3% |
| 2001 | 49.95 billion current LCU | +5.4% |
| 2002 | 86.04 billion current LCU | +72.3% |
| 2003 | 92.27 billion current LCU | +7.2% |
| 2004 | 98.17 billion current LCU | +6.4% |
| 2005 | 102.93 billion current LCU | +4.9% |
| 2006 | 109.86 billion current LCU | +6.7% |
| 2007 | 117.14 billion current LCU | +6.6% |
| 2008 | 125.83 billion current LCU | +7.4% |
| 2009 | 133.05 billion current LCU | +5.7% |
| 2010 | 141.46 billion current LCU | +6.3% |
| 2011 | 148.95 billion current LCU | +5.3% |
| 2012 | 157.58 billion current LCU | +5.8% |
| 2013 | 166.63 billion current LCU | +5.7% |
| 2014 | 176.81 billion current LCU | +6.1% |
| 2015 | 185.47 billion current LCU | +4.9% |
| 2016 | 190.03 billion current LCU | +2.5% |
| 2017 | 198.08 billion current LCU | +4.2% |
| 2018 | 206.80 billion current LCU | +4.4% |
| 2019 | 215.06 billion current LCU | +4.0% |
| 2020 | 223.09 billion current LCU | +3.7% |
| 2021 | 236.19 billion current LCU | +5.9% |
| 2022 | 250.85 billion current LCU | +6.2% |
| 2023 | 268.87 billion current LCU | +7.2% |
| 2024 | 285.38 billion current LCU | +6.1% |
Norway compared with similar countries
- Norway's 285.38 billion current LCU is above the median for high income countries, which is 23.97 billion current LCU, 11.9× the median. (57 countries reporting)
- Norway's 285.38 billion current LCU is above the median for Europe & Central Asia, which is 31.50 billion current LCU, 9.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Norway changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +72.3% | 49.95 billion current LCU | 86.04 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.73 billion current LCU | 4.24 billion current LCU | 9.27 billion current LCU | 8 |
| 1980s | 16.45 billion current LCU | 10.19 billion current LCU | 22.40 billion current LCU | 10 |
| 1990s | 33.17 billion current LCU | 24.12 billion current LCU | 45.00 billion current LCU | 10 |
| 2000s | 96.26 billion current LCU | 47.38 billion current LCU | 133.05 billion current LCU | 10 |
| 2010s | 178.69 billion current LCU | 141.46 billion current LCU | 215.06 billion current LCU | 10 |
| 2020s | 252.87 billion current LCU | 223.09 billion current LCU | 285.38 billion current LCU | 5 |
Countries ranked near Norway
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Frequently asked questions
- What is compensation of employees in Norway?
- Compensation of employees in Norway was 285.38 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Norway?
- The highest recorded value was 285.38 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Norway?
- The lowest recorded value was 4.24 billion current LCU in 1972.
- How does Norway rank for compensation of employees?
- Norway ranks 53rd out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Norway?
- Over the last ten years it is up 61.4%. The long-run trend across the full record is volatile.
- Where does this Norway data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.