Business in North Norway

Erlend BullvågBodoe Graduate School of Business

Geography

• North Norway covers 107000 square km of Norway, 38% of mainland territory

• Holds 9,6% of the population, 465621 persons • Density, 4,3 persons per square kilometer• 3 Counties, Nordland, Troms and Finnmark• 80% North of the Arctic circle• Employment, 228381 persons,

Population

Net population change: 2000-2010, + 1293, 0,33 % of growth in Norway.Emloyment 228381, Jobb loss in 09, 1660 persons

Change in type of employment 2000-2011 the case of Nordland

Fishery, aguacult and farmingIndustrial production, mineralsRetail, turism and transportProfessional servicesCare and personal servicesNordlandNorway

Large geograpical area , 72 %

live in towns and

28% in rural areas

Population migration patterns

Net migration balance

Growth in turnover among North Norwegian private sector companies

in (Index =2000=100)

Sum turnover for North Norway in 2010 is approximately 224 billion Kroner, Finance and insurance excluded.

North Norway and the financial crisis

Positive values,= growing production, negative declining production

Global crisis and investments in North Norway

Positive values,= growing investments, negative declining investments

Relative size of private sector per county in North Norway

Finance and insurance excluded.

11

Turnover growth per region. Index (Year 2000 = 100)

Finance and insurance excluded.

Turnover in Nok per sector and County (years 06,07, and 08)

Finance and insurance excluded.

Turnover per sector North Norway

Finance and insurance excluded.

Turnover distribution across main sectors North Norway

Finance and insurance excluded.

15

Turnover growth per sector in Nordland CountyIndex, 2000 = 100%

Finance and insurance excluded.

16

Turnover per sector in Nordland County

Finance and insurance excluded.

Healthy region• Large energy potenial• International driven growth• Resource driven growth• Population stable, while growing elsewhere in Norway• Paradox high turnover growth, no employment gorwth in

private sector• Reason 1 – Growth in professional services takes place

outside the region, not in the region• Reason 2: Immensely productive production and fishing

industry