A leading research region, which is highly competitive on the international stage
Since the beginning of the 2000s, the private sector R&D as a share of the Gross Regional Product (GRP) has decreased. A large part of the falling trend can be explained by a chaotic period with both smaller and larger global crises. Thanks to a period of strong economic growth in the Gothenburg region from 2014 onwards, the R&D-investments in the private sector have once again increased. In 2015, the Gothenburg region's private sector invested approximately €1.5 billion in R&D projects at its own initiative. In the same year, the total value of goods and services produced was €49 billion. This gives Gothenburg region’s private sector a R&D share of GRP of just over 3 per cent, which is significantly higher than other metropolitan regions and Sweden as a whole.
Source: Statistics Sweden and Business Region Göteborg
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