The shipbuilding turnover per employee in Norway stood at 307.9 thousand euros in 2023. Forecast data suggests a continual slight decline annually from 2024 to 2028. Specifically, the values are projected as 304.6 thousand euros in 2024, decreasing to 290.1 thousand euros by 2028. The year-on-year percentage change reveals a consistent downward trend with a reduction rate of approximately 1.2% to 1.3% each year. Over the last two years, this trend is evident and the compound annual growth rate (CAGR) over the five-year forecast period shows an average yearly decline of around 1.4%.
Future trends to watch for include technological advancements in shipbuilding that might alter productivity metrics, changes in global demand for ships which could impact turnover rates, and potential economic shifts in Norway that may influence the overall shipbuilding industry. Close monitoring of these factors will be essential for a thorough understanding of the long-term outlook.