Productivity growth has been very weak for some years, calling for enhanced skills to improve well-being. Improvements in the quality and completion rates of secondary and tertiary education are essential. Encouraging labour supply through reforms in sickness and disability programmes are important for inclusive growth. Further reductions in red tape would bolster productivity.
Source: OECD June 2016 Economic Outlook database; OECD, Income Distribution and Poverty database; and OECD Secretariat calculations from EU-SILC – preliminary results.
IMF (2014), “Productivity Growth in Norway”, Selected Issues Paper, IMF Country Report No. 14/260, August, Washington.
Productivity Commission (2015), "Productivity – Underpinning Growth and Welfare”, Official Norwegian Reports, NOU: 2015:1.von Brasch, T. (2015), “The Norwegian Productivity Puzzle – Not So Puzzling After All?” Discussion Papers No. 796, February, Statistics Norway.
Productivity Commission in 2014 as an ad hoc task force to advice on how to strengthen productivity growth. The Commission presented its report in 2015.