Facts & Figures, an annual report from Business Region Göteborg, is the most comprehensive compilation of statistics on the Gothenburg region’s business environment. The statistics are gathered from official sources and illustrate the region’s status in terms of the business climate, demographics, the environment and future development. The report also presents many comparisons with for example Sweden and other metropolitan regions.
“Facts & Figures is designed for anyone who wants a straightforward and accurate overview of the business environment and growth in the Gothenburg region. Here we present the facts on the region that investors often request. For those that want a deeper analysis we also have an economic outlook report that is published quarterly,” says Henrik Einarsson, director of business establishment and investment at Business Region Göteborg.
Interest in establishing and investing in the region is great and the investments being made in infrastructure and urban development are attracting more commuters and new residents.
“I think that many people don’t fully understand how incredibly strong our region’s development is just now. The Gothenburg region is an attractive region that is in the middle of a rare development spurt. The transformation of the automotive industry and the city's construction boom are fuelling growth,” says Henrik Einarsson.
The statistics show that the number of inhabitants in Gothenburg’s labour market region has increased by 187,000 people since the year 2000; at the same time, 134,000 jobs have been created. By 2030 it is likely that Uddevalla, Trollhättan and Borås will be part of Gothenburg’s labour market region, which will encompass around 1.75 million inhabitants, compared with today’s 1.17 million people.
Meanwhile, the goal is to create 120,000 new jobs in the region and to grow central Gothenburg by 45,000 residents and 60,000 jobs.
”We currently have a queue of companies who want to expand in central Gothenburg. And that says a lot about our attractiveness,” says Henrik Einarsson.
Some highlights from Facts & Figures 2018
… in 2017 the Gothenburg region's population surpassed one million people. The population is relatively young and more highly educated than the national average. Combined, the region’s two universities have around 50,000 students and in terms of human capital and lifestyle Gothenburg is ranked highly among major European cities.
…The business environment in the Gothenburg region is characterised by global, knowledge-intensive manufacturing companies such as Volvo, SKF and AstraZeneca. The total wage sum in the region is growing at a faster rate than Sweden as a whole and the unemployment rate is the lowest among Sweden’s metropolitan regions.
… exports from the Gothenburg region have risen sharply in recent years and every fifth employee in the Gothenburg region works for a foreign-owned company.
… The Gothenburg region is a leading research region which is highly competitive on the international stage. 25 per cent of Sweden’s total R&D investments within the private sector are made in the Gothenburg region.
Download the report here