What is the job outlook for Norway for 2022?

If you're looking for an overseas career, Norway is a good alternative. The country's excellent standard of living and social security system is well-known. Oil and gas, shipping, food processing, fishing, mining, IT and communications, tourism, and other businesses are among the country's key industries.

Norway has a high standard of living and is considered one of the most expensive countries in the world. Yet it is also considered one of the happiest countries in the world with a significantly higher average income than the rest of the world.

Health and education, oil and gas, fishing, construction, and information technology employ more than half of the local workforce.

 As an expat, you'll have a better chance of finding work in shortage occupations, where local workers are scarce. Sectors with labor shortages evolve with time and are often identical to occupations in high demand in other countries, such as:

• Healthcare
• Manufacturing and engineering
• IT, software development and web services
• Construction
• Finance and banking

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Features of the Norway job market

For your consideration, here are some additional characteristics of the Norwegian work market:

In terms of technology, Norway's corporate sector is advanced. They absorb new technology quickly.

Norwegian industry prides itself on the ability to innovate.

Maritime and energy sectors provide the largest output and so have the highest employability in Norway.

Norway is a great place to live, work, and do business because:

It has effective welfare schemes that are effective

The employer-employee relationship is well-regulated

Workplaces have a high level of transparency

Apart from a flat organizational structure that promotes a high level of participation from everyone in the company, Norway's workplaces have highly qualified personnel.

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Job outlook for 2022

As the economy recovers, unemployment has fallen to 4.3 percent in 2021, down from 4.6 percent in 2020, when the pandemic wreaked havoc on the country's affairs. The estimated rate of unemployment for 2022 is 4 percent which is expected to decline further going forward.

When it comes to jobs, the following occupations are in high demand in a country that is home to high-paying, knowledge-based, innovative, and industrial enterprises:

• IT
• Engineering
• Finance and banking
• Sales and marketing
• Human resources
• Healthcare

Here are the average annual salaries for these occupations:

• IT – 83,000 dollars
• Engineering-82,000 dollars
• Finance and banking-80,000 dollars
• Sales and marketing-81,000 dollars
• Human resources-70,000 dollars
• Healthcare-95,000 dollars

Norway’s strong, stable economy and high standard of living have been attractive factors for those looking to work abroad. It has always had a need for skilled workers across multiple sectors.  The job outlook is expected to improve in 2022 and beyond.

If you are looking for an overseas career in Norway, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.