Business Region Göteborg

Why interest in Gothenburg is rocketing

Three reasons why interest in Gothenburg is increasing so quickly

In recent years, Gothenburg-based companies have invested heavily in developing new

products and services

Construction plans worth a total of 100 billion euros are attracting investors at a scope

never previously seen in Gothenburg

The rapid pace of digitalisation opens up opportunities for companies and people with

the ability to think creatively.

Growth strategy – to expand in

terms of both population and area

• 120,000 new jobs. (2016-2035)

• 10,000 new inhabitants per year.

• The core of the region, central Gothenburg, will

grow by 45,000 inhabitants and 60,000 jobs by

2030. (2012-2030)

• In 2030, the Gothenburg labour market will

• encompass 1.75 million inhabitants, compared

• with 1.17 million inhabitants today.

Current labour market region

Labour market region by 2030

Growth in Gothenburg’s

labour market since year 2000

Source: Statistics Sweden

79%increase in GRP

(gross regional product)

46,000more establishments

74%increase in total wage sum

53%increase in productivity

187,000new inhabitants

134,000more jobs

Growth in Swedish metropolitan regions

Source: Statistics Sweden (refers to statistics for labour market regions)

Gothenburg region

Stockholm region

Malmö region

Sweden

Employment

Annual growth in number of employees

2000-2016

1.6% 1.5%1.4%

1.1%

3.3%3.1% 3.1%

2.8%

Total wage sum

Annual real growth in total wage sums

2000-2017

3.0%

3.8% 3.7%

2.9%

Gross regional product

Annual real growth in gross

regional product 2000-2015

2nd place

Connectivity**

Ranks cities and regions in Europe with

the best IT and logistics infrastructure.

Among large European cities,

Gothenburg is ranked second when it

comes to the best IT and logistics

infrastructure.

European Cities and Regions of the

Future 2017/2018:

2nd place of 55 mid-sized cities

Source: fDi

10th place

Growth potential*

Assesses large European city regions

with the best future growth potential.

The Gothenburg region scores highly in

economic growth and employment.

Performance Index 2014:

10th place of 117 regions

Source: BAK Basel

The Gothenburg region – a leading research region

which is highly competitive on the international stage

R&D SHARE OF GDP

1, 2, …, 4, …, 195, 196

Sweden

25%of Sweden's total R&D investments

within the private sector are made

in the Gothenburg region

Source: Statistics Sweden

23rd place

Competence**

The index ranks cities on their capacity

to attract, develop and retain

competence. Gothenburg's ranking is

motivated by a high quality of life and a

well-educated population.

Global Cities Talent

Competitiveness Index 2018:

23rd place of 90 cities

Source: INSEAD and Adecco

Leader

Innovations*

Assesses the innovation performance of

European regions. West Sweden is

named in the report as a European

innovation leader.

Regional Innovation Scoreboard 2017:

Innovation leader among 220 regions

Source: EU-Commission

27th place

Competitiveness*

Assesses how close EU regions are to

their target strategies for achieving

improved competitiveness. The

Gothenburg region has achieved all of its

established EU targets and is praised for

its employment, R&D and high

education level.

Europe 2020 Regional Index:

27th place of 263 regions

Source: EU-Commission

*Indicators refer to West Sweden

**Indicators refer to City of Gothenburg

TOP 10 EXPORT DESTINATIONS 2017

Source: Statistics Sweden

RANK COUNTRY VALUE OF EXPORTED GOODS 2017, MSEK

1 USA 30,888

2 Norway 29,652

3 Germany 21,662

4 China 16,762

5 Denmark 16,577

6 UK 15,351

7 Finland 14,037

8 France 10,170

9 Netherlands 7,940

10 Russia 4,829

Västra Götaland County total 271,317

Gothenburg region total 220,346

Gothenburg region’s share of

Swedish exports 17%

Twice as

strong

growth in real goods exports

from Gothenburg

region (+13%)

compared to Sweden

(+7%)

Exports to the region’s largest trading partners

EXPORTS AND IMPORTS OF GOODS, BY PRODUCT GROUP 2017

The composition of the region's exports and imports

Source: Statistics Sweden

+19 %

or SEK 20 billion in

real terms was the

export growth in the

automotive industry

2016-2017

0 30 000 60 000 90 000 120 000

Motor vehicles and other transport equipment

Other machines and manufactured goods

Computers, electronics and optical products

Chemicals, pharmaceuticals, rubber and plastics

Wood, paper and printing services

Coke and petroleum

Basic metals and fabricated metal products

Textiles and clothes

Products connected to services

Food, beverages and tobacco

Products of agriculture, forestry and fishing

Mining and quarrying

Exports value 2017, SEK million

Imports value 2017, SEK million

NUMBER OF FOREIGN-OWNED COMPANIES AND

ESTABLISHMENTS 1990–2016

Many foreign-owned companies in the region

Source: Statistics Sweden

Every fifth worker in the

Gothenburg region

is employed in a

foreign-owned

company

0

500

1 000

1 500

2 000

2 500

3 000

19

90

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

Establishments

Companies

NUMBER OF AIR PASSENGERS AND GUEST NIGHTS IN THE

GOTHENBURG REGION 2000–2017

Record numbers for air passengers and guest nights

Source: Swedish Transport Agency and Statistics Sweden

4.8million

guest nights 2017

is a new record

app. 7million

flight passengers 2017

is a new record

0

1

2

3

4

5

6

7

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

Millions of air passengers

Millions of guest nights

AVERAGE ANNUAL REAL GROWTH IN TOTAL WAGE SUM BY SECTOR IN THE

GOTHENBURG REGION 2000–2017

Construction and services sector companies have grown the most

Source: Statistics Sweden

5.0% 4.1% 3.5% 1.4%

CONSTRUCTION

COMPANIES

SERVICE

COMPANIESPUBLIC

SECTOR

INDUSTRIAL

COMPANIES

PERCENTAGE CHANGE IN EMPLOYED PERSONS BY

INDUSTRY 2009–2016

Greatest employment growth within business services

Source: Statistics Sweden

100,000 more office-based

employees in the

Gothenburg

region by 2035

-10% 10% 30% 50%

Transportation

Manufacturing and mining

Financial services and insurance

Commerce

Energy and the environment

Personal and cultural services

Health care and care

Public administration

Property

Education

Construction

Hotels and restaurants

Information and communication

Business services

Gothenburg region

Sweden

CHANGE IN NUMBER OF EMPLOYEES BY SIZE CATEGORY 2006–2016

Small companies experiencing the most rapid growth in employees

Source: Statistics Sweden

143,000 persons were

employed in

companies with less

than 20 employees

in 2017

28%23%

16%20%

0%

10%

20%

30%

40%

50%

1-4 employees 5-19 employees 20-199 employees 200+ employees

VALUE ADDED IN MSEK BY SECTOR 2016

The region’s private sector generates high value added

Source: Statistics Sweden

SECTOR VALUE ADDED 2016, MSEK SHARE

Business services 119,960 23.2%

Manufacturing and mining 93,353 18.1%

Commerce 79,544 15.4%

Construction 40,856 7.9%

Transportation 38,515 7.5%

Real estate 36,615 7.1%

Information and communication 31,263 6.1%

Finance and insurance 16,667 3.2%

Health care and care 16,038 3.1%

Hotels and restaurants 13,869 2.7%

Personal and cultural services 11,442 2.2%

Energy and the environment 9,078 1.8%

Education 6,505 1.3%

Agriculture, forestry and fishery 1,936 0.4%

Unknown 541 0.1%

Public authorities 8 0.0%

Gothenburg region total 516,190 100.0%

92 %

of all industries

in Sweden are

represented in the

Gothenburg region

INVESTMENT VOLUME IN SEK BILLIONS IN OFFICES, FACILITIES

AND HOUSING IN THE GOTHENBURG REGION 2009–2019

Investments in housing and offices in the region

Source: Swedish Construction Federation

1,000SEK billion in planned investment

until 2035

19 21 20 18 18 1923

2833 34 31

87 6

6 7 99

10

10 1112

811

1212

1214

15

15

1616

17

0

10

20

30

40

50

60

70

200

9

201

0

201

1

201

2

201

3

201

4

201

5

201

6

201

7 fo

reca

st

201

8 fo

reca

st

201

9 fo

reca

st

Office premises

Facilities

Housing

SEK billion

POPULATION IN THE GOTHENBURG REGION 2000–2017 AND

FORECAST FOR THE PERIOD 2018–2035

Population continues to grow

Source: Statistics Sweden

1,012,569 is the number of

inhabitants in the

Gothenburg region

in 2017

800 000

850 000

900 000

950 000

1 000 000

1 050 000

1 100 000

1 150 000

1 200 000

1 250 000

20

00

20

05

20

10

20

15

20

20

20

25

20

30

20

35

Population

Population forecast

Nordic cost comparison 2018

Source: Numbeo, each city's official homepage, JLL and Global Property Guide

A cheaper meal

Maximum monthly fee for 1 child

at preschool

Office rent per m2 CBD / year

Average price per m2 city apartment

Did you know…

2020will see Landvetter Airport's carbon

dioxide emissions reach zero. The

airport is already taking strict measures

to reduce its environmental impact and

carbon dioxide emissions have sunk

drastically. The airport is certified to the

highest level according to an

international standard for its

work to reduce emissions.

Source: Swedavia

90 %of all apartment

buildings in Gothenburg

have district heating

Gothenburg is a world leader in district

heating. District heating contributes to

better air while making it possible to use

heat that would otherwise be lost.

Source: Göteborg Energi

1 %of heating in Gothenburg

is powered by oil.

Source: Business Region Göteborg

The world's best

The Port of Gothenburg works

proactively and with a long-term

approach to minimise the environmental

impact of shipping operations and to

contribute to sustainable transport. The

port is internationally renowned for its

environmental work and is classed as

one of the world's leading ports in this

area.

Source: Port of Gothenburg

FED up!

Are you also fed up with fossil fuels?

The Fossil-free Energy Districts project,

FED, aims to decrease the use of energy

and the dependence on fossil fuel in a

built environment. Within FED, a unique

local marketplace for electricity, district

heating and cooling is developed,

supported by the European Regional

and Development Fund.

Source: Johanneberg Science Park

Quiet & emission

free transport

Following two successful years of

electric buses on route 55 in

Gothenburg, Electricity is expanding and

two electric buses will start operating on

route 16. Meanwhile, there are plans to

expand the demo arena to include heavy

vehicles for quiet and emission-free

urban transport.

Source: Volvo Group