ABOUT DOING BUSINESS IN THE GOTHENBURG REGION … · ABOUT DOING BUSINESS IN THE GOTHENBURG REGION...
Transcript of ABOUT DOING BUSINESS IN THE GOTHENBURG REGION … · ABOUT DOING BUSINESS IN THE GOTHENBURG REGION...
SCANDINAVIA'S MOST EXPANSIVE REGION
100%FACTS & FIGURES
ABOUT DOING BUSINESS IN THE GOTHENBURG
REGION 2017
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In Summer 2016, the American company Uber announced that it would be putting 100 self-driving Volvo XC90 cars into traffic in Pittsburgh. This collaboration is an example of how new, digitally-driven services are changing the shape of the business environment in Gothenburg.
Three reasons why interest in Gothenburg is rocketing Gothenburg-based companies have, in recent years, invested millions in developing new products and services. The names behind these large sums include global brands like Ericsson, AB Volvo, AstraZeneca, Saab, Volvo Cars and multiple other companies of various sizes. A quarter of the country's private R&D investments are made in the Gothenburg region. This has made the region a world leader in areas such as autonomous, connected and electrically-powered vehicles.
Construction plans worth a total of 100 billion euros are attracting investors at a scope never previously seen in Gothenburg. Gothenburg is expanding in the ideal city location and offers unique testing possibilities for new services.
The rapid pace of digitalisation opens up opportunities for companies and people with the ability to think creatively, such as the Gothenburg-based company Fingerprint Cards, which creates smart ID solutions for billions of people.
Gothenburg or Silicon ValleyThe three points are interconnected. San Francisco-based Uber's development collaboration with Volvo Cars is a prime example. New solutions can come from high-technology industry in Gothenburg just as easily as from new technology and services companies in the Silicon Valley.
A valuable domestic marketIn Gothenburg, large construction projects are located right in the middle of the city, where the ethos is that this represents a fantastic opportunity to test something new. A domestic market with this attitude is of immense value for companies putting significant investments into R&D. The full chain is in place in Gothenburg – from the analysis of people's needs and society's challenges to in-demand products and international trade. What begins as concept development continues with the design of products and services, testing in an urban environment and large-scale production. In addition, the city boasts global marketing and established trade routes direct to the large export markets.
Challenges that call for new partnershipsBut the city is also facing some substantial challenges. Certain competence is scarce in trade and industry here – not least in the construction sector. The consequences of segregation and a housing shortage are serious. These are putting Gothenburg's capacity for cooperation to the test. The business sector, the city/region and the universities need to work together to take on these challenges.
The approach to collaboration has made Lindholmen one of Sweden's most knowledge-rich areas. Another example is AstraZeneca, which has opened up its research facilities to small, promising companies working in its networks. These collaboration models are new even from an international perspective. They contribute both to finding answers to major societal issues and to making Gothenburg an interesting option for investments and establishments.
billion100 euros are expected to be invested by 2035
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BUSINESS REGION GÖTEBORG is responsible for business development in the City of Gothenburg and represents thirteen municipalities in the region.
Why interest in Gothenburg is record high
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Contents:
A REGION MOVING FORWARD Page 7 – 13Gothenburg's labour market. International and national competitiveness.1.HIGH LEVEL OF GLOBAL INTERACTION Page 14–18Import and export. Foreign-owned companies. International visitors. 2.GROWTH & LABOUR MARKET Page 19 –23Emerging industries. Largest employment growth. Employment rate. 3.BUSINESS Page 24– 27Largest employers. Prominent clusters. Corporate climate and entrepreneurship. 4.POPULATION, LIFESTYLE & EDUCATION Page 28 – 30Demographics. Level of education. Seats of learning.5.COSTS & TAXES Page 31– 34Salary and rent levels. Tax regulations. Tax reductions.6.CLIMATE, ENVIRONMENT & SUSTAINABLE DEVELOPMENT Page 35–38Waste management. Air quality. Green Gothenburg. 7.
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A REGION MOVING FORWARDThe Gothenburg region is an attractive part of the country which is experiencing growth through a number of exciting developments. This transformation is illustrated in both national and international comparisons.
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A REGION MOVING FORWARD A REGION MOVING FORWARD
Growth strategy – to expand in terms of both population and area
Growth in the Gothenburg regional labour market since the year 2000
Labour market region by 2030
Current labour market region
The Gothenburg region is growing more rapidly than anyone could have predicted. In addition, major investments are being made in infrastructure and urban development, which in turn attracts more commuters and new inhabitants. By around 2030, it is likely that Uddevalla, Trollhättan and Borås will be a part of Gothenburg's labour market. For example, commuting from Trolllhättan to Gothenburg has increased by just over 30 per cent in the last three years alone. This increase suggests that, in the near future, we will also be able to include Trollhättan and its surrounding municipalities in Gothenburg's labour market. For this reason, local politicians in the Gothenburg region have adopted a new, offensive growth strategy. 44,000
more workplaces
new inhabitants
more jobs
63%increase in total wage sum
60%increase in GRP (Gross regional product)
40%A local labour market is a division of Sweden based on commuting patterns. When commuting between municipalities reaches the extent that these municipalities can be seen to be dependent on one another, a labour market region is formed.
THE FOLLOWING 18 MUNICIPALITIES ARE INCLUDED IN GOTHENBURG'S LABOUR MARKET: Ale, Alingsås, Bollebygd, Falkenberg, Gothenburg, Härryda, Kungsbacka, Kungälv, Lerum, Lilla Edet, Mölndal, Orust, Partille, Stenungsund, Tjörn, Varberg, Vårgårda and Öckerö.
increase in productivity
SOME OF THE KEY GOALS ARE:
10,000 new inhabitants per year.
By the year 2030, the entire Gothenburg region will be strengthened with a further 180,000 residences and 110,000 work places.
Particular focus is being placed on the core of the region, central Gothenburg, where 45,000 residences and 60,000 work places will be added by 2030.
Gothenburg's labour market in 2030 will encompass 1.75 million inhabitants, compared with 1.17 million inhabitants today.
GOTHENBURG
170,000
117,000
Borås
Varberg
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ww
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70,000
60,000
50,000
40,000
30,000
20,000
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Sweden
The Gothenburg region – a leading research region which is highly competitive on the international stage
1, 2… 5 … 195, 196
Competence**GLOBAL CITIES TALENT
COMPETITIVENESS INDEX 2017
5TH OF 46 CITIES
The index ranks cities on their capacity to attract, develop and retain competence. Gothenburg's
high ranking is motivated by:
• High quality of life• Well-educated population
Source: INSEAD and Adecco
OF SWEDEN'S TOTAL R&D INVESTMENTS, OUR LEADING INDUSTRIES ACCOUNT FOR:
• Automotive – 61%• Chemicals, food and pharmaceuticals – 42% • Professional services – 27%
R&D SHARE OF GDP
of Sweden's total R&D investments within the private sector are made in the Gothenburg region*
* Indicators refer to West Sweden. ** Indicators refer to City of Gothenburg.
REAL R&D EXPENDITURE IN SEK PER EMPLOYEE IN THE PRIVATE SECTOR
Gothenburg region Stockholm region Malmö region Sweden
Competitiveness*EUROPE 2020
REGIONAL INDEX
5TH OF 268 REGIONS
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, among other things:
• Employment• Higher education level
• R&D
Source: European Commission
Growth potential*PERFORMANCE INDEX 2014
10TH OF 117 REGIONS
Assesses large European city regions with the best future growth potential.
The Gothenburg region scores highly in:
• Economic growth• Employment
Source: BAK Basel
Innovations**REGIONAL INNOVATION
SCOREBOARD 2016 INNOVATION LEADER AMONG
214 REGIONS Assesses the innovation performance of European regions.
West Sweden is named in the report as a European innovation leader. Among other things, the region achieves distinctions for:
• Increased employment within knowledge- based professions
• Process and product innovations within SME
• Highly educated population
• Export of high-technology goods
Source: European Commission
Connectivity**EUROPEAN CITIES AND REGIONS
OF THE FUTURE 2016/2017
9TH OF 468 CITIES/REGIONS
Ranks cities and regions in Europe with the best IT and logistics infrastructure.
Among large European cities, Gothenburg is ranked ninth when it comes to the best
IT and logistics infrastructure. Source: fDi
Source: Statistics Sweden
* Refers to companies' R&D investments in Västra Götaland County. Source: Statistics Sweden
25%
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A REGION MOVING FORWARD A REGION MOVING FORWARD
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The Gothenburg region illustrates strong economic growth compared to a selection of similar European benchmarking regions. Economic growth in the Gothenburg region has remained stable at around 1.5 per cent during the period 2006–2015, meaning that the region is one of the five best performing regions in the selection of benchmarking regions.
A strong growth engine
Growth in Swedish metropolitan regionsThe metropolitan regions* form the backbone of growth in Sweden. Among the metropolitan regions, the labour markets in Gothenburg and Stockholm exhibit the strongest growth in employment. With regard to total wage sums, Gothenburg's labour market exhibits the strongest growth. The most significant growth in value added (gross regional product) is seen in Stockholm's labour market, closely followed by Gothenburg. The labour markets in both the Stockholm and Gothenburg regions are growing at a faster rate than Malmö's labour market and Sweden as a whole. The robust growth in jobs in Gothenburg's labour market is largely driven by the high value added generated in the region's production of goods and services.
Sweden's best logistics location
RANKING / CITY / (COUNTRY)VOLUME OF GOODS, 1,000 TONNES
1 Gothenburg (Sweden) 37,838
2 Helsinki (Finland) 11,416
3 Fredericia (Denmark) 8,630
4 Århus (Denmark) 7,707
5 Stockholm (Sweden) 7,567
6 Oslo (Norway) 5,768
NORDIC COMPARISON OF CARGO HANDLED IN 2015**
RANK* REGION
1 (1) Gothenburg region
2 (2) Örebro region
3 (3) Östgöta region
4 (4) Stockholm North
5 (6) Helsingborg region
5 (7) Eskilstuna/Strängnäs
7 (5) Jönköping region
8 (9) Stockholm South
9 (11) Halmstad region
10 (8) Västerås/Köping
SWEDEN'S 10 BEST LOGISTICS REGIONS 2017Source: Statistics Sweden
* Refers to statistics for labour market regions. Source: Statistics Sweden
Employment Annual growth in number of employees 2000–2015
Total salaries Annual real growth in total wage sums 2000–2015
Gross regional product Annual real growth in gross regional product 2000–2014
1.5%
1.5%
1.3%
1.0%
3.2%
3.1%
3.0%
2.7%
3.5%
3.4%
2.7%
2.3%
ANNUAL ECONOMIC GROWTH IN BENCHMARKING REGIONS 2006–2015
The fact that Scandinavia's largest import/export port for the last decade is located here is just one of the reasons why the Gothenburg region is such a prominent logistical hub. The justification for this designation is, according to Intelligent Logistik, based on the following factors:
• Ocean-going direct routes and many freight trains to the whole of Sweden and Norway
• New, large land resources for logistics, such as at the port in Hisingen and Härryda close to Landvetter airport
• Short distance between the import port to warehouses results in low logistics costs• New, large logistics establishments• Access to leading logistics competence• An advanced, rapidly growing transport infrastructure with focus on the environment• National centre for R&D within sustainable logistics solutions and transport
Source: Intelligent Logistik
Gothenburg region Stockholm region Malmö region Sweden
* Figure in parentheses indicates ranking in Logistikläget 2016.
** Statistics refer solely to full service ports.
Source: Eurostat
Source: Intelligent Logistik
* Refers to Västra Götaland's County.
Source: BAK Basel
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A REGION MOVING FORWARD A REGION MOVING FORWARD
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Exports to the region’s largest trading partnersThe real value of the Gothenburg region's goods exports increased by 6 per cent between 2015 and 2016. During the same period, real growth in Sweden's goods exports remained essentially unchanged. The positive development of exports in the region can largely be explained by its competitive products which generate high added value for the innovative business environment. The USA retains its position as the Gothenburg region’s most important export market, followed by Norway. Germany and Denmark are two further key destinations for the Gothenburg region's goods exports.
Source: Statistics Sweden
Imports from the region’s largest trading partnersIn contrast to the Gothenburg region's goods exports, the import of goods into the region developed in line with Sweden as a whole between 2015 and 2016. Real growth landed at 2 per cent for both the Gothenburg region and Sweden. All import origins on the top 10 list are also included on the list of the Gothenburg region's 10 most important export destinations. The Gothenburg region's comprehensive bilateral trade figures are an important indicator that the region's companies benefit from the opposing country's technologies.
Source: Statistics Sweden
RANK COUNTRYVALUE OF EXPORTED
GOODS 2016, MSEK
1 USA 26,734
2 Norway 26,438
3 Germany 19,541
4 Denmark 15,236
5 UK 13,040
6 Finland 12,895
7 China 12,691
8 Netherlands 9,980
9 France 9,049
10 Japan 3,864
Västra Götaland County total 238,882
Gothenburg region total 192,191
Gothenburg region's share of Swedish exports 16%
TOP 10 EXPORT DESTINATIONS 2016
RANK COUNTRYVALUE OF IMPORTED
GOODS 2016, MSEK
1 Germany 39,052
2 Netherlands 19,171
3 Norway 14,660
4 UK 14,538
5 Denmark 13,811
6 China 13,387
7 France 8,180
8 USA 5,470
9 Finland 4,437
10 Japan 2,957
Västra Götaland County total 217,608
Gothenburg region total 173,928
Gothenburg region's share of Swedish imports 15%
TOP 10 IMPORT COUNTRIES OF ORIGIN 2016
The region's imports and exportsThe majority of the Gothenburg region's exported goods comprise vehicles and other means of transport – an industry which is also largest in terms of import value. The product groups other machinery and manufactured goods, as well as computers, electronics and optics account for a substantial portion of goods exchange with trading partners. The automotive industry demonstrated the highest increase in goods exports between 2015 and 2016. Measured in real SEK, goods exports in the automotive industry increased by a full SEK 13 billion. The product group computers, electronics and optics accountedfor a considerable upswing in goods exports, with a real increase of approximately 4 billion.
Source: Statistics Sweden
IMPORTS AND EXPORTS OF GOODS BY PRODUCT GROUP 2016
0 30,000 60,000 120,00090,000
HIGH LEVEL OF GLOBAL INTERACTION
HIGH LEVEL OF GLOBAL INTERACTIONShipping and international trade have been integral to the Gothenburg region for almost 400 years. Of course, the cargo has changed somewhat over the years, but the flow of goods continues to play a critical role for the development and growth of the region's companies. Every fifth employee in the Gothenburg region works in a foreign-owned company. At the same time, new records are being set for travelling to and from the region.
Unless otherwise specified, the statistics in this and the chapters to come refer to the 13 member municipalities in the Gothenburg region’s municipal association: Ale, Alingsås, Göteborg, Härryda, Kungsbacka, Kungälv, Lerum, Lilla Edet, Mölndal, Partille, Stenungsund, Tjörn and Öckerö!
export companies constitute approximately two thirds of Västra Götaland County's total export companies and
just over 9 per cent of all Sweden's export companies.
The region's4,300
* Import value is confidential.
Value of exported goods 2016, MSEK
Value of imported goods 2016, MSEK
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Motor vehicles and other transport equipment
Other machines and manufactured goods
Computers, electronic and optical productsChemicals, pharmaceuticals,
rubber and plasticsWood, paper and printing services
Basic metals and fabricated metal products
Textiles and clothes
Coke and petroleum
Products connected to services *
Food products, beverages and tobacco
Products of agriculture, forestry and fishing
Mining and quarrying *
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Norway tops the list, with the UK experiencing most growthThe list of countries which own companies in the Gothenburg region is dominated by Northwestern Europe. Norway tops the list as the country with most foreign-owned companies, followed by Germany and the USA. An additional 18 companies with UK ownership have been established, while 19 companies from Luxembourg have been discontinued, meaning that the Netherlands overtakes Luxembourg to take sixth position on the list.
Source: Statistics Sweden
The number of employees in foreign-owned companies is increasingThe number of employees in foreign-owned companies has almost quadrupled during the period 1990–2015. In 2015, just over 84,000 people were employed by foreign-owned companies in the Gothenburg region. In spite of the decrease in foreign-owned companies in the Gothenburg region during the period 2014–2015, the number of employees in these companies rose by 4 per cent (equivalent to around 3,000 employees). The most substantial increases in employee numbers among foreign-owned companies were seen in companies from China, Denmark and the Netherlands. In Sweden as a whole, the number of employees in foreign-owned companies decreased by around 0.5 per cent.
Source: Statistics Sweden
Many foreign-owned companies in the regionSince 1990, the number of foreign-owned companies in the Gothenburg region has grown steadily. In 2015 there were approximately 2,300 foreign-owned companies in the Gothen-burg region. These foreign-owned companies accounted for approximately 3,000 work places in the Gothenburg region. From 2014 to 2015, the number of foreign-owned companies in the Gothenburg region decreased by about 20. The most foreign-owned companies in the region originate from Norway, followed by Germany, the USA and Denmark.
Source: Statistics Sweden
RANK* COUNTRY
NUMBER OF COMPANIES
2014
NUMBER OF COMPANIES
2015CHANGE
2014–2015
1 (1) Norway 461 463 2
2 (2) Germany 280 275 -5
3 (3) USA 227 221 -6
4 (4) Denmark 214 215 1
5 (5) UK 173 191 18
6 (7) Netherlands 142 141 -1
7 (6) Luxembourg 143 124 -19
8 (8) Finland 111 115 4
9 (9) France 86 81 -5
10 (10) Switzerland 66 64 -2
Gothenburg region total 2,297 2,274 -23
THE 10 MOST COMMON COUNTRIES OF ORIGIN AMONG FOREIGN-OWNED COMPANIES
NUMBER OF EMPLOYEES IN FOREIGN-OWNED COMPANIES 1990–2015
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NUMBER OF FOREIGN-OWNED COMPANIES AND WORK PLACES 1990–2015
HIGH LEVEL OF GLOBAL INTERACTION
* Figure in parentheses refers to rank in 2014
2015
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Work places Companies
Strong growth in exported goods from the Gothenburg region Since 2010, the Gothenburg region has experienced strong growth in goods exports, and with the exception of 2012, goods exports from the region have been at a much stronger level than for Sweden as a whole. In 2016, the Gothenburg region noted a real increase in goods exports of 6 per cent, while the corresponding figure for Sweden as a whole was marginal.
Source: Statistics Sweden
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ANNUAL REAL GROWTH IN GOODS EXPORTS IN THE GOTHENBURG REGION AND SWEDEN 2010–2016
Sweden Gothenburg region
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Highest value of goods exports per employee in Gothenburg region The fact that the Gothenburg region's companies are export intensive can be ascertained from studying goods exports in SEK per employee. In 2016, the Gothenburg region's companies exported goods at a value of approximately SEK 400,000 per employee. The Gothenburg region's generated export value per employee is substantially higher than that of the other two metropolitan regions and Sweden as a whole.
Source: Statistics Sweden
GOODS EXPORTS IN SEK PER EMPLOYEE IN METROPOLITAN REGIONS AND SWEDEN 2016
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Record numbers for trips to and from the region and for overnight staysGothenburg Landvetter Airport set a new record in 2016 with approximately 6.4 million air passengers. Never before have so many air travellers made the journey to and from the Gothenburg region's largest airport. The region's hotels, cabin villages and hostels also experienced a good 2016, with overnight stays reaching a record of 4.7 million. The top five countries of origin of foreign visitors for 2016 is unchanged compared with the previous year. Norwegians are the most numerous visitors, followed by Germans, Brits, Danes and Americans.
Source: Swedish Transport Agency and Statistics Sweden
The international population is increasingIn 2016, around 190,000 inhabitants of the Gothenburg region were born abroad (19 per cent of the region's population). Compared with the previous year, this is an increase of around 9,000 foreign-born inhabitants, equivalent to a 5 per cent increase. Iraq, Iran and Finland head the list of country of birth. Somalia has advanced from its position in 2015 to overtake the former Yugoslavia for sixth place. Those born in Syria have seen the largest increase, in terms of number and percentage, while Finnish-born inhabitants have decreased the most.
Source: Statistics Sweden
FOREIGN-BORN INHABITANTS 2016
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2016
COUNTRYNUMBER
2015NUMBER
2016 IN NUMBER IN PER CENT
Iraq 15,292 15,558 266 1.7%
Iran 14,826 15,128 302 2.0%
Finland 11,187 10,922 -265 -2.4%
Poland 8,842 9,065 223 2.5%
Bosnia and Herzegovina 8,700 8,849 149 1.7%
Somalia 7,932 8,531 599 7.6%
Former Yugoslavia 8,388 8,320 -68 -0.8%
Syria 5,476 8,085 2,609 47.6%
Turkey 4,993 5,177 184 3.7%
Norway 4,937 4,923 -14 -0.3%
Gothenburg region total 180,408 189,329 8,921 4.9%
CHANGE 2015–2016
Millions of air passengers Millions of overnight stays
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GROWTH & LABOUR MARKETThe Gothenburg region's business environment is characterised by global and knowledge-intensive manufacturing companies, such as Volvo, SKF and AstraZeneca, among others. The total wage sum in the Gothenburg region is growing at a faster rate than the country as a whole and other metropolitan regions. Above all, this growth is most prominent within the construction industry and the services sector. Overall, the region experiences growth at a higher rate than the national average. A rapidly expanding knowledge-intensive services sector supports the manufacturing companies. The region's business environment is gaining further nuance through growing businesses in the hotels and restaurants, construction and real estate industries.
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GROWTH & LABOUR MARKET
The Gothenburg region – an engine for growth in Sweden In 2016, real total wage sum levels in the Gothenburg region grew by 4.6 per cent. The Gothenburg region experienced a higher rate of growth in the real total wage sum than Sweden as a whole, which grew by just under 4 per cent in 2016.
Source: Statistics Sweden
ANNUAL REAL GROWTH IN TOTAL WAGE SUM 2001–2016
2001
2002
2003
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2005
2006
2007
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Gothenburg region Sweden
ANNUAL REAL GROWTH IN TOTAL WAGE SUM BY SECTOR IN THE GOTHENBURG REGION 2000–2016
CONSTRUCTION COMPANIES SERVICE COMPANIES
PUBLIC SECTOR INDUSTRIAL COMPANIES
The construction and services sectors have experienced the highest real growth in total wage sumThe average annual growth in real wage sum levels in the Gothenburg region during the period 2000–2016 has been around 3.5 per cent. In terms of individual industries, the largest growth has occurred within the construction sector, followed by the services sector. The economic situation in the construction sector is predicted to be strong during the coming year. The companies' highly developed services and a booming public sector are contributing ever more to the region's economy.
Source: Statistics Sweden
A good measure of regional growth is to assess the development of the
total wage sum. This figure can go up as a result of increased
productivity or by more people being employed.
GROWTH & LABOUR MARKET
Healthcare and care sector has the most employeesHealthcare and care is the sector with the most employees in the Gothenburg region, followed by business services. Compared with Sweden as a whole, the Gothenburg region has a larger proportion of its population employed within business services, retail, manufacturing and transport.
Source: Statistics Sweden
SECTORGOTHENBURG
REGION
% SWEDEN
%
Health care and care 76,002 15.1 786,549 16.6
Commerce 69,921 13.9 553,322 11.7
Business services 65,416 13.0 572,862 12.1
Manufacturing and mining 64,333 12.8 560,475 11.9
Education 51,692 10.3 498,757 10.6
Construction 32,699 6.5 333,079 7.0
Transportation 27,878 5.5 224,663 4.8
Public administration 24,718 4.9 271,747 5.8
Personal and cultural services 21,931 4.4 209,780 4.4
Information and communication 21,765 4.3 178,994 3.8
Hotels and restaurants 18,570 3.7 164,006 3.5
Property 8,651 1.7 76,821 1.6
Financial services and insurance 7,222 1.4 92,600 2.0
Energy and the environment 4,831 1.0 53,067 1.1
Unknown 4,371 0.9 49,311 1.0
Agriculture, forestry and fishing 2,614 0.5 99,312 2.1
Total 502,614 4,725,345
EMPLOYMENT (+16 YEARS OF AGE) BY SECTOR 2015
Employment in the Gothenburg region is growing faster than the nationIn 2015, there were approximately 503,000 individuals employed in the Gothenburg region. This represents an increase of 26 per cent since the year 2000, or 104,000 employed persons.
Source: Statistics Sweden
employed in healthcare and care in the Gothenburg region in 2015
The number of employed in the Gothenburg region in 2015
EMPLOYMENT GROWTH IN THE GOTHENBURG REGION AND SWEDEN 2001– 2015
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2004
2005
2006
2007
2008
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2014
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2012
2011
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Greatest job growth in business services All sectors in the Gothenburg region have demonstrated an increase in the number of employees following the financial crisis in 2008. The Swedish manufacturing and extraction sector has experienced negative growth, while the Gothenburg region is heading in the other direction. Business services is the sector experiencing the highest growth in the Gothen-burg region, followed by hotels and restaurants. Compared with Sweden, the Gothenburg region has a much larger employment growth rate within manufacturing, information and communication, education and professional services, while Sweden overall demonstrates more robust growth within energy and environment, retail and hotels and restaurants.
Source: Statistics Sweden
PERCENTAGE CHANGE IN EMPLOYMENT BY SECTOR 2009–2015
Business servicesHotels and restaurants
EducationConstruction
PropertyInformation and communication
Public administrationPersonal and cultural services
Healthcare and careEnergy and the environment
CommerceManufacturing and mining
TransportationFinancial services and insurance
-10 0 10 20 30 %
Gothenburg region Sweden
Office-based employees in the Gothen-
burg region will increase by
100,000 from today's 150,000 employees to around
250,000 employees in 2035.
Source: Evidens
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Kje
llin
/ BR
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Small companies experiencing the most rapid growth in employeesSince 2006, companies with 1–4 employees have experienced the strongest percentage growth in employment in the Gothenburg region. During the period 2006–2016, employees in companies with 1–4 employees rose by 30 per cent. Companies with 5–19 employees and the region's largest companies also demonstrate high percentage growth in employees. However, in terms of absolute number, companies with 20–199 employees are clearly growing the most, with more than 27,000 new employees during the period 2006–2016.
Source: Statistics Sweden
Small establishments account for the majority of the region's total establishments The Gothenburg region's numerous small establishments provide the majority of the region's establishments (approximately 90 per cent of the establishments have fewer than five employees). Between 2006 and 2016, the number of establishments increased by just over 26,000. By far and away the largest increase in establish-ments was found among the region's self- employed (i.e. establishments without employees), followed by establishments with 1–4 employees.
Source: Statistics Sweden
CHANGE IN NUMBER OF EMPLOYEES BY SIZE CATEGORY 2006–2016
0%
10
20
40
30
1–4 employees
5–19 employees
20–199 employees
200> employees
Unemployment in the Gothenburg region lowest among metropolitan regionsIn 2007, both Gothenburg and Sweden as a whole reported largely similar unemployment rates. The positive development of employment in the Gothenburg region from the year 2010 onwards has resulted in a continued decrease in unemployment. Unemployment in the Gothen-burg region is lowest among the country's metropolitan regions, and around 2 percentage points lower than in Sweden.
Source: Swedish Public Employment Service and Statistics Sweden
% 4
6
8
10
2000
2002
2004
2006
2008
2010
2016
2014
2012
UNEMPLOYMENT AMONG 16–64 YEAR OLDS, ANNUAL AVERAGE FROM 2000 ONWARDS
SIZE CATEGORY
NUMBER OF ESTABLISHMENTS
2006
NUMBER OF ESTABLISHMENTS
2016CHANGE
2006–2016
Establishments without employees 58,256 74,921 16,665
1–4 employees 17,811 24,703 6,892
5–19 employees 8,218 10,139 1,921
20–199 employees 3,350 3,943 593
200> employees 202 264 62
Total 87,837 113,970 26,133
ESTABLISHMENTS IN THE GOTHENBURG REGION 2006 AND 2016, BY SIZE CATEGORY
Gothenburg region Sweden
2001
2003
2005
2007
2009
2011
2013
2015
establishments in total in the Gothenburg region 2016113,970
GROWTH & LABOUR MARKET GROWTH & LABOUR MARKET
30%25%
17%21%
2524
BUSINESSThe Gothenburg region is home to a broad and multifaceted business environment. 93 per cent of Sweden's industries are represented here. A total of 750 industries can be identified in the region. Some of the world's leading companies within their industries are headquartered in the region. The Gothenburg region is also characterised by a strong entrepreneurial spirit, with around 7,700 new companies being started in 2016.
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BUSINESS
Knowledge-intensive industries are largestThe majority of the largest companies in the Gothenburg region engage in research and development operations at a world-leading level. Volvo Cars, with its development and production in Torslanda, is the single largest private employer in the Gothenburg region. However, Chalmers is the company to have employed the most people during 2016. Following HCL's takeover of certain business areas from Volvo Information Technology, the company has dropped a few places down the list.
Source: Statistics Sweden
RANK COMPANY NUMBER OF EMPLOYEES 2016
1 Volvo Cars 13,175
2 Volvo Trucks * 3,775
3 Chalmers University of Technology 3,225
4 SKF 2,600
5 Postnord 2,525
6 AstraZeneca 2,175
7 Ericsson 2,075
8 Volvo Information Technology* 1,575
9 Samhall 1,525
10 SCA Hygiene Products 1,375
LARGEST COMPANIES IN THE GOTHENBURG REGION BY NUMBER OF EMPLOYEES
LARGEST COMPANIES IN THE GOTHENBURG REGION BY TURNOVER
LARGEST COMPANIES IN THE GOTHENBURG REGION BY MARKET VALUE
Companies reporting the largest turnoverThe list of the Gothenburg region's companies reporting the largest turnover* includes AB Volvo, which is in fact the company with Sweden's largest turnover. In second place is Volvo Cars, followed by SKF, Carl Bennet and Stena.
* Only companies with their head office in the Gothenburg region.
Source: www.va500.se
Companies with the largest market valueOne more way of assessing a company's size is to consider its market value*. AB Volvo tops the list, followed by SKF, the investment company Latour and the real estate companies Balder and Castellum. Getinge, Fingerprint Cards and Collector are new names in the top 10 list.
* Only companies with their head office in the Gothenburg region.
Source: Avanza
RANK COMPANY TURNOVER 31-12-2015, MSEK
1 AB Volvo 317,100
2 Volvo Cars 124,500
3 SKF 76,100
4 Carl Bennet 42,700
5 Stena 33,600
6 Getinge 30,500
7 Cellmark 22,600
8 Bilia 20,700
9 Stena Metall 20,000
10 Akzo Nobel 14,700
RANK COMPANY MARKET VALUE 31-12-2016, MSEK
1 AB Volvo 250,727
2 SKF 76,888
3 Latour 53,874
4 Balder 33,785
5 Castellum 33,631
6 Getinge 33,579
7 Wallenstam 23,647
8 Fingerprint Cards 16,479
9 Bilia 10,614
10 Collector 10,566
* Part of the Volvo Group, which employs a total of 12,100 people in the Gothenburg region.
26 27
0
10
20
30
40
50
60
70
2000
4000
6000
8000
10000
Prominent clusters in a multitude of industries The Gothenburg region benefits from a unique level of cooperation between trade and industry, academia and the public sector. This has created the conditions for numerous strong clusters, with an emphasis on R&D operations, advanced manufacturing and logistics. The table to the right displays the number of employees and number of establishments in the region's clusters. In terms of the number of employees per establishment, the smaller companies are usually active in creative and cultural spheres, while the larger companies operate in the automotive cluster.
Source: Statistics Sweden and Business Region Göteborg
EXAMPLES OF PROMINENT CLUSTERS IN THE GOTHENBURG REGION
CLUSTER
NUMBER OF ESTABLISH-MENTS 2016
NUMBER OF EMPLOYEES
2016
EMPLOYEES PER ESTABLISH-
MENT
Construction 11,431 41,292 4
Transportation, logistics and infrastructure 3,711 30,331 8
ICT industries 6,186 28,357 5
Automotive 132 24,556 186
Creative and cultural industries 13,072 13,421 1
Life sciences 608 9,358 15
Cleantech 1,367 7,766 6
Finance 2,790 7,538 3
Chemistry and Materials 246 5,473 22
Maritime industries 1,467 5,293 4
Clusters total 41,010 173,385 4
Clusters' share of the Gothenburg region 36% 36%
BUSINESS
Every tenth new start-up company is located in the Gothenburg regionThe Gothenburg region is intently focused on facilitating the start-up process for entrepreneurs. Since 2000, the number of start-ups has nearly doubled. In 2016, around 7,700 new companies were started in the Gothenburg region, corresponding to 11 per cent of all start-ups in Sweden.
Source: Growth Analysis
NUMBER OF START-UP COMPANIES IN THE GOTHENBURG REGION 2000–2016
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2013
2016
2012
2014
2,000
4,000
6,000
8,000
10,000
start-ups in 2016
7,703
* The application of a new method for drawing up this cluster summary entails such that the right hand table is not comparable with previous summaries.
2015
of all industries in Sweden are represented in the
Gothenburg region
93%
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Industry investments in the Gothenburg regionIndustry investments in the Gothenburg region have been on the rise since the crisis years. In 2014 the industry investments surpassed the level seen at the beginning of the 2000s and up until the crisis.
Source: Statistics Sweden and Region Västra Götaland
Retail and the manufacturing industry account for the most turnoverIn 2015, total turnover in the Gothenburg region amounted to roughly SEK 1,116 billion. Retail, together with manufacturing and mining, accounted for more than half of the total turnover in the region. Business services, transportation and construction operations also constitute a significant proportion of the region's turnover.
Source: Statistics Sweden
INDUSTRY INVESTMENTS IN THE GOTHENBURG REGION*
INDUSTRY TURNOVER 2015, MSEK PERCENTAGE
Commerce 362,343 32.5%Manufacturing and mining 249,080 22.3%Business services 169,794 15.2%Transportation 91,723 8.2%Construction 66,428 6.0%Information and communication 51,186 4.6%Real estate 37,351 3.3%Finance and insurance 22,544 2.0%Energy and environment 17,714 1.6%Hotel and restaurants 14,579 1.3%Education 10,076 0.9%Personal and cultural services 8,410 0.8%Healthcare and care 7,874 0.7%Unknown 2,693 0.2%Public authorities 2,551 0.2%Agriculture, forestry and fishing 2,090 0.2%Gothenburg region total 1,116,436 100.0%
Investments in housing and office premises in the regionLarge construction projects will proliferate in the coming years. During 2015, roughly SEK 49 billion was invested in facilities, housing and office premises in the Gothen-burg region. The forecast for 2016 indicates investment volumes totalling SEK 55 billion. Up until 2035, investment volumes in the Gothenburg region are expected to amount to over SEK 1,000 billion.
Source: Swedish Construction Federation
INVESTMENT VOLUME IN SEK BILLIONS IN OFFICE PREMISES, FACILITIES AND HOUSING IN THE GOTHENBURG REGION 2008–2018
2008 2009 2010 2011 2012 2013 2014 2015 2016forecast
SEK billions 0
10
20
30
40
70
50
60
2017forecast
2018forecast
TURNOVER IN MSEK BY SECTOR 2015
Office premises Facilities Housing
24
7
14
19
8
9
22
7
12
21
6
12
19
7
12
19
8
13
20
9
15
24
10
15
29
10
16
33
11
16
32
12
16
BUSINESS
YEARINDUSTRY
INVESTMENTS, MSEKPERCENTAGE OF
VÄSTRA GÖTALANDPERCENTAGE
OF SWEDEN
2001 7,000 51% 13%2002 7,100 49% 14%2003 7,400 61% 15%2004 7,200 59% 15%2005 7,600 48% 13%2006 11,000 68% 19%2007 8,300 59% 13%2008 8,200 67% 12%2009 7,400 76% 16%2010 3,500 44% 8%2011 3,300 55% 7%2012 4,500 65% 8%2013 4,800 70% 9%2014 10,100 84% 18%2015 9,600 80% 16%2016 10,400 81% 17%
* Investments in buildings and machinery at 2008 prices.
(forecast)
28 29
800000850000900000950000
10000001050000110000011500001200000
0,0
0,5
1,0
1,5
2,0
POPULATION, LIFESTYLE & EDUCATIONMore and more people are choosing to live and work in the Gothenburg region. In 2017 there will be more than one million inhabitants in the region. In 2016, the population of the region increased by approximately 15,000 inhabitants. The population is relatively young and more highly educated than the national average. Access to academic education and world-class companies makes the region more attractive. The Gothenburg region's two major higher learning institutes collectively have around 50,000 students. In terms of human capital and lifestyle, Gothenburg ranks highly among large European cities.
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To live and work in a growing regionEvery year since 2000, the Gothenburg region's population has increased by around one per cent, with the region seeing a greater growth than Sweden throughout the entirety of the 2000s. In 2016, the absolute increase was largest in the age group 25–34, which increased by around 5,200 new inhabitants. A large increase was also seen in the age group 5–14, with approximately 3,000 new inhabitants.
Source: Statistics Sweden
Population growth continuingFor many years, the Gothenburg region has had a positive birth rate and net positive migration. In 2016, the population of the region increased by approximately 15,000 inhabitants. If the annual growth rate of around 11,000 inhabitants were to continue, the region would be home to approximately 1.2 million people in 2030.
Source: Statistics Sweden and Region Västra Götaland
Younger than the national averageBy comparing different age groups in Gothenburg region to those of Sweden it becomes clear that the region's population is relatively young. The age group 0–44 is larger than the national composition, while the age group 45–65 is smaller.
Source: Statistics Sweden
inhabitants in the Gothenburg region during 2016
997,446
Population Population forecast
800,000
900,000
850,000
950,000
1,050,000
1,000,000
1,150,000
1,200,000
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
2026
2030
2028
1,100,000
POPULATION OF THE GOTHENBURG REGION
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2010
2012
2015
2016
2014
2013
% 0
0.5
1.0
1.5
2.0
Gothenburg region Sweden
ANNUAL POPULATION GROWTH
35
30
25
20
15
10
5
% 0
Gothenburg region Sweden
0–24 25–44 45–64 65+
POPULATION 2016 BY AGE GROUP
POPULATION, LIFESTYLE & EDUCATION
30 31
POPULATION, LIFESTYLE & EDUCATION
Higher-learning institutes in the Gothenburg regionThe region's two major higher learning institutions are Chalmers University of Technology, with 13,000 students, and the University of Gothenburg, with 37,000. Both universities are among the world's elite in numerous areas of research, with around 50 departments providing education.
Source: University of Gothenburg and Chalmers University of Technology
Higher level of education than the national average Compared with Sweden as a whole, a larger proportion of the age group 25–64 in the Gothenburg region has a post-secondary education, up to the level of research- based education.
Source: Statistics Sweden
NUMBER OF STUDENTS AT CHALMERS UNIVERSITY OF TECHNOLOGY AND UNIVERSITY OF GOTHENBURG 2016
approx.50,000
SEK was the Gothenburg region's net cost for culture. Per inhabitant, the
Gothenburg region's cost for culture is just over SEK 1,000 per year.
Source: Swedish Agency for Cultural Policy Analysis
Gothenburg is seen as the most social of the three metropolitan regions and its inhabitants are the most
liberal in relation to others' lifestyles.
Source: hostelworld.com
1st place1 billion
7,000highly-educated technical
professionals change employers in the Gothenburg region – which
promotes productivity.
Source: Statistics Sweden and CIRCLE
Gothenburg region Sweden
Secondary education
Tertiary education and research education
Primary education
0 10 20 30 40 50 %
HIGHEST LEVEL OF EDUCATION COMPLETED AMONG THOSE AGED 25–64, 2015
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COSTS & TAXESIt is relatively beneficial to establish a company in Gothenburg. The corporate tax rate is low and the rental market is among the hottest in Europe. In addition, foreign key workers in Sweden are granted a certain degree of tax relief.
6.
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32 33
COSTS & TAXES
Salary levels in the Gothenburg RegionReporting the salary spread with the help of percentile gives a fair view of the most common salaries. In the adjacent table, the value in the column for, for example, the 10th percentile corresponds to the top earning 10 per cent of the respective category. E.g., 10 per cent of the region's shop assistants within retail earn SEK 22,100 or less, while 60 per cent of the same group earn SEK 28,500 or less.
* Figures rounded to the nearest hundred.
Source: Almega, September 2016
PROFESSIONMONTHLY SALARY (SEK)
10TH PER-CENTILE
40TH PER-CENTILE
60TH PER-CENTILE
90TH PER-CENTILE
Management: economy and finance 35,400 54,200 65,000 105,300
Middle management: economy and finance 37,200 48,600 59,000 84,300
Management: personnel and HR 35,000 52,900 64,100 103,300
Middle management: personnel and HR 34,900 48,000 58,300 82,800
Management: administration and planning 43,000 59,300 73,000 138,300
Middle management: administration and planning 31,300 44,100 50,200 76,500
Management: sales and marketing 41,500 57,100 66,300 99,400
Middle management: sales and marketing 39,900 53,600 60,600 83,200
Management: IT 42,800 57,600 67,100 95,000
Middle management: IT 43,200 54,400 60,700 75,300
Management: information, communication and PR 41,900 62,100 74,600 122,200
Middle management: information, communication and PR 35,000 53,000 57,300 74,800
Management: purchasing, logistics and transport 34,000 50,900 60,800 103,100
Middle management: purchasing, logistics and transport 34,700 47,300 55,200 72,600
Accountants and economists 27,500 35,300 42,200 58,400
Management and business developers 32,600 42,300 49,100 69,300
Market analysts and marketers 32,000 40,600 46,900 64,000
Systems analysts and IT architects 36,700 44,900 48,900 59,500
Software and systems developers 30,500 39,000 43,600 53,500
Engineers and technicians: construction 27,600 32,900 37,300 50,200
Engineers and technicians: electrotechnology 27,400 35,000 39,900 51,900
Engineers and technicians: chemicals and chemical technology 27,900 34,300 37,800 48,000
Computer technicians 26,100 34,100 37,900 47,800
Salespeople 27,000 36,200 42,400 56,200
Purchasers and procurers 30,200 37,200 42,000 55,200
Office assistants and secretaries 22,400 27,600 30,100 38,000
Shop assistants: retail 22,100 26,200 28,500 38,300
MARKET SALARY STATISTICS 2016*
Fees for employersAll employers pay social security contributions for their employees. These comprise funding for pensions, health care and other social benefits. The charge amounts to a total of 31.42 per cent.
Source: The Tax Agency
EMPLOYER'S CONTRIBUTIONS FOR SOCIAL INSURANCE
% OF SALARY 2017
Retirement pension charge 10.21
Survivors' pension charge 0.70
Health insurance charge 4.35
Parental insurance 2.60
Work injury charge 0.20
Labour market charge 2.64
General payroll charge 10.72
Total statutory employer's contributions for social insurance 31.42Tax relief for foreign key personnel
Source: Taxation of Research Workers Board
25%
COSTS & TAXES
Office rentalRental prices vary considerably between different districts in Gothenburg. The map below provides an overview of the various areas of Gothenburg, with a summary of rental prices for these areas listed to the right. The highest rent is paid in the CBD*, while the lowest rent is observed in West and East Gothenburg.
Source: JLL
OFFICE RENTAL PRICES PER AREA Q4 2016
SEK/m2 per year
Competitive corporate taxThe Swedish corporate tax rate is competitive in a European context. The corporate tax rate in Sweden was reduced to 22 per cent from 1 January 2013, and remains at the same level in 2017.
Source: KPMG, 2017
Comparison of taxesSince 2013, Sweden has become one of the most attractive places in the world for holding companies. Sweden offers more than 80 tax agreements in addition to the low corporate tax rate. Sweden's tax climate also holds up well in comparison to other countries, as companies are not taxed on interest income, share dividends and royalties.
Source: Deloitte, 2017
CORPORATE TAX RATES – A EUROPEAN COMPARISON
COMPARISON OF TAXES*
UK
Finland
Sweden
Denmark
Netherlands
Spain*
Germany**
Italy
France*
0 5 10 15 2520 30 35 %
*Tax rates refer to payments to individuals not resident in the country.
TYPE OF TAX
Interest 0% 0% 0% 0% 0% 20% 0%
Dividend 0% 0% 20% 25% 0% 0% 30%
Royalties 0% 22% 20% 15% 0% 20% 30%
SWEDEN
DENMARK
FINLAND
GERMANY
NETHERLANDS
UK USA
* Small and new companies can benefit from lower corporate tax.** The corporate tax rate in Germany varies between 29.72 and 33 per cent depending on geographical location.
E20HISINGEN
EAST GOTHENBURG
NORRA ÄLVSTRANDEN
CBD*
OTHER INNER CITY
MÖLNDALWEST GOTHENBURG
E6
* Central Business District.
0
500
1,000
1,500
2,000
2,500
3,000
CBD* Other inner city
Norra Älvstranden
Other Hisingen
West Gothenburg
East Gothenburg
Mölndal
0 5 10 15 20 25 30 35Frankrike*
ItalienTyskland**
Spain*Nederländerna
DenmarkSwedenFinland
Storbritannien
34 35
COSTS & TAXES
STOCKHOLM
HELSINKI
OSLO
GOTHENBURG
COPENHAGEN
GOTHENBURG
SEK 100
SEK 840
SEK 3,000
SEK 55,900
COPENHAGEN
SEK 153
SEK 2,300
SEK 47,700
HELSINKI
SEK 114
SEK 1,180
SEK 3,200
SEK 59,500
OSLO
SEK 182
SEK 3,150
SEK 4,500
SEK 74,900
STOCKHOLM
SEK 105
SEK 1,300
SEK 6,200
SEK 89,200
Sources: Numbeo, JLL and Global Property Guide. Exchange rates from NOK to SEK, DKK to SEK and Euro to SEK obtained 12 February 2017.
NORDIC COST COMPARISONS
SEK 5,030
A cheaper meal
Office rent per m2 CBD / year
Average price per m2 city apartment
Monthly cost for a nursery place
CLIMATE, ENVIRONMENT & SUSTAINABLE DEVELOPMENTThe Gothenburg region boasts world-leading competence in sustainable development and environmental technology solutions. The region has numerous partnerships involving energy, urban development, transport, travel and waste management, aiming to reduce impact on the environment. An area which has met with considerable success is district heating. Another sign that the region is heading in the right direction in its work with the environment, climate and sustainable development is that the interest in green bonds has been huge, and new issues of green bonds have been proliferating at record pace.
7.
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36 37
050
100150200250300350400450500
0
100
200
300
400
500
600
0
10
20
30
40
50
60
708090
100110120130140150160170
Better air quality in GothenburgFor decades, Gothenburg has worked actively to continuously improve the city's air quality. Sulphur emissions have decreased by almost 100 per cent and are close to zero. Over a long period, the region has reduced its nitrogen dioxide emissions to a very low level. In the last 10 years, the region has also succeeded in reversing the downward trend for particle matter levels (PM10).
* Annual average unavailable for certain years due to insufficient statistical documentation.
Source: Environment Administration, City of Gothenburg
CO2 emissions are decreasing in spite of increased economic activity The region's emissions of carbon dioxide have been at a constant level for the most part of the 2000s, but in recent years these emissions have been substantially reduced. At the same time, the economic growth of the region stands at around 53 per cent, and the population has increased by 16 per cent, meaning that the emissions per growth unit have decreased (we can only measure emissions produced in the region). Since 2000, carbon dioxide emissions in the region have decreased by 12 per cent, in spite of the three large refineries in Gothenburg and the chemical industry's facilities in Stenungsund.
Source: Statistics Sweden and National Emissions Database
AIR QUALITY IN GOTHENBURG 1981–2015*
DEVELOPMENT OF REAL GROSS REGIONAL PRODUCT (GRP) AND CO2 IN THE GOTHENBURG REGION, 2000–2014 (INDEX 2000 = 100)
2001
2005
20011983
2002
2000
2005
2003
1981
1987
1985
1993
1991
19892003
2007
2006
1999
1997
1995
2004
2011
2013
2007
2008
2009
2010
2013
2012
2011
0
10
70
80
90
100
110
120
130
140
170
160
150
40
20
50
30
60
µg/m3
CLIMATE, ENVIRONMENT & SUSTAINABLE DEVELOPMENT
2015
2009
2014
Nitrogen dioxide Particulate matter (PM10) Sulphur dioxide
Real GRP CO2
Pho
to: E
lect
riC
ity
ElectriCity is a collaboration project to create a more sustainable public transport system.
Index
CLIMATE, ENVIRONMENT & SUSTAINABLE DEVELOPMENT
WASTE MANAGEMENT IN GOTHENBURG 1992–2015 Emissions and incinerationGothenburg is talented at waste management. Even though the city incinerates more waste than before, emissions are steadily decreasing. The heat from waste incineration covers a third of the district heating in the region and approximately 5 per cent of the electricity demand in Gothenburg. In addition, 60 per cent of generated electricity comes from biogas.
*Statistics refer to Sävenäs waste treatment facility.
Source: Renova
2001
2003
2004
1993
1997
1992
1999
2005
2006
2000
2002
2007
2008
2009
2001
2010
2012
2014
2013
0
100
200
300
400
500
Incinerated waste (ktonnes)600
2001
2003
2004
1993
1997
1992
1999
2005
2006
2000
2002
2007
2008
2009
2001
2010
2012
2014
2013
0
50
100
150
200
250
300
350
450
400
500Emissions (tonnes)
Green bonds contribute to sustainable growthThe City of Gothenburg issues green bonds to raise financing for various environmental initiatives within renewable energy, public transport, water purification, energy efficiency, smart electric grid, urban planning and waste management. In 2015, green bonds with a total of SEK 3 billion were distributed, compared with around half a billion SEK distributed through the first issue of green bonds in 2013. The market interest for green bonds has been substantial, and the distributed amount is expected to be around SEK 4.2 billion in 2016.
Source: City of Gothenburg
DISTRIBUTION OF GREEN BONDS IN GOTHENBURG, MSEK
PROJECT 2013 2014 20152016
(FORECAST)
Ultrafilter 150 420
GOBiGas 300 620
Electric vehicles 30 19 11
Nitrogen emission reduction 47 110 105
Tree planting 8 6 7
Celsius district heating 5
Pedestrian city 50 49
Cycling city 60 77
Effective traffic lighting 49 35
Sustainable construction 382 314 519
Energy-efficient housing 388 504
Cable way 15
Annual total 480 881 1,608 1,311
Total allocated 480 1,361 2,969 4,280
20152015
Sävenäs is one of the world's most advanced facilities for the incinera-tion of waste and environmentally-friendly energy production. The waste power and heating plant operates all year round with no interruptions, and processes all kinds of waste in the most efficient and environmentally-friendly manner possible. That which can be recycled to new materials, or treated to become biogas, is converted to electricity and heat. In total, the facility accounts for a third of the district heating and 5 per cent of the electricity for the entire Gothenburg region.
World-leading at environmentally-friendly energy production
Incinerated (ktonnes/year)
Nitrogen dioxide (tonnes/year) Sulphur dioxide (tonnes/year) Hydrochloric acid (tonnes/year) Ash dust (tonnes/year)
-
0
20
40
60
80
100
38
Renewable energy in public transportThe proportion of vehicle miles driven with renewable fuel is steadily on the increase in the Gothenburg region. In 2010, around 36 per cent of the Gothenburg region's public transport was fuelled by renewable sources. By 2016, this figure had gone up to around 93 per cent. Biodiesel and biogas have contributed the most to phasing out the non-renewable fuels in the region's public transport. In more recent years, tall oil and animal waste (HVO) have strongly contributed to phasing out the non-renewable fuels in the region's public transport.
Source: Västtrafik
2010 2011 2012 2013 2014 20150
20
40
60
80
100
PERCENTAGE OF VEHICLE KILOMETRES WITH RENEWABLE FUEL IN PUBLIC TRANSPORT IN THE GOTHENBURG REGION
%2016
36%
49%58%
73%80% 85%
93%
Did you know…Waste = heatThere are a number of collection systems
for waste in the Gothenburg region. A certain amount of waste is recycled to become
new material, while other waste is used to produce electricity, heat or fuel.
Source: Green Gothenburg
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
The world's bestThe 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 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
1%of heating in Gothenburg is powered by oil.
Source: Business Region Göteborg
HVO Electricity Biogas Biodiesel
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to: P
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henb
urg
Photo cover: upper Göran Assner / BRG, illustration: Varpunen, lower Per Pixel Peterson / Göteborg & Co
Find out more from Business Region Göteborg's other reports and publications on the business environment in the Gothenburg region at www.businessregiongoteborg.com
Economic OutlookEconomic Outlook provides a summarised view of the economic situation in Gothenburg in comparison to other regions. The report presents many up-to-date performance indicators for trade and industry, including those linked to the labour market. Published quarterly.
Investment MappingThe Gothenburg region is on the verge of - and has already begun implementing – substantial investments in both infrastructure and urban development. This report maps out the planned investments, which total an estimated 100 billion euros by 2035.
Looking for business opportunitiesThis publication presents some of the key business and investment opportunities in the Gothenburg region.
Retail GuideRetail Guide is an annual publication that presents retail opportunities in the Gothenburg region, and provides facts and information about the market, demand and supply.
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CLIMATE, ENVIRONMENT & SUSTAINABLE DEVELOPMENT
Business Region Göteborg AB. P.O, Box 111 19, SE-404 23 Gothenburg Visiting address: Norra Hamngatan 14, 1st Floor. Telephone: +46 31 367 61 00
www.businessregiongoteborg.com [email protected]
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