Growth in Gothenburg’s labour market region since year 2000
Source: Statistics Sweden
81%real increase in GRP
48,000more establishments
55%increase in productivity
205,000new residents
147,000more jobs
75%real exports growth
80%real total wage sum growth
Growth strategy – to strengthen central
Gothenburg and expand the labour market
Central Gothenburg
+45,000residents 2012-2030
+60,000jobs 2012-2030
Gothenburg region
+10,000residents per year
+120,000jobs 2016-2035
Gothenburg’s labour market today
1.2million residents
Gothenburg’s labour market 2030
1.8million residents
Growth in Swedish metropolitan regions
Source: Statistics Sweden (refers to statistics for labour market regions)
Employment
Annual employment growth
2000-2017
1.6% 1.5%1.4%
1.1%
3.3%3.2% 3.1%
2.8%
Total wage sum
Annual real growth in wage sum
2000-2018
3.1%
3.8% 3.8%
2.7%
Gross regional product
Annual real growth in GRP
2000-2016
Gothenburg region
Stockholm region
Malmö region
Sweden
The Gothenburg region - a leading research region
which is highly competitive on the international stage
Source: Statistics Sweden
GLOBAL RANKING FOR R&D SHARE OF GDP
1, 2, 3, …, 195, 196
Sweden
32%of Sweden’s R&D investments in the private
sector are made in the Gothenburg region
2nd place
Connectivity**
Ranks cities and regions in
Europe based on their IT and logistics
infrastructure. Among mid-sized
European cities, Gothenburg is ranked
second in terms of connectivity.
European Cities and Regions of the
Future 2017/2018:
2nd place of 55 mid-sized cities
Source: fDi
31st 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 2018:
31st place of 182 regions
Source: BAK Basel
33rd 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, well-
functioning ICT infrastructure and
a well-educated population.
Global Cities Talent
Competitiveness Index 2019:
33rd place of 114 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: European 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
employment, higher education
level and R&D.
Europe 2020 Regional Index:
27th place of 263 regions
Source: European Commission
* Indicators refer to West Sweden
** Indicators refer to City of Gothenburg
Exports to the region’s largest trading partners
KEY EXPORT DESTINATIONS 2018
Source: Statistics Sweden
CountryValue of exportedgoods 2018, MSEK
Norway 34,285
USA 27,359
Germany 26,071
China 21,993
UK 17,686
France 12,159
Denmark 11,898
Finland 11,440
Netherlands 8,854
Japan 5,401
Västra Götaland County total 292,407
Gothenburg region total 238,286
Gothenburg region’s share of Sweden 17%
4,300exporting companies…
…in the region, make up about two
thirds of exporters in Västra Götaland
and 9 per cent of Sweden’s all
exporting companies.
Source: Statistics Sweden
6 %in real export growth…
…between 2017 and 2018, which in real
terms corresponds to SEK 13,5 billion.
Source: Statistics Sweden
The composition of exports and imports
EXPORTS AND IMPORTS OF GOODS, BY PRODUCT GROUP 2018
Source: Statistics Sweden
0 30 000 60 000 90 000 120 000
Motor vehicles and other transport equipment
Other machines and manufactured goods
Chemicals, pharmaceuticals, rubber and plastics
Computers, electronics and optical products
Coke and petroleum
Wood, paper and printing services
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 2018, SEK million
Imports value 2018, SEK million
Many foreign-owned companies in the region
NUMBER OF FOREIGN-OWNED COMPANIES AND ESTABLISHMENTS 1990-2017
Source: Statistics Sweden
0
500
1 000
1 500
2 000
2 500
3 000
3 500
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
20
17
Establishments
Companies
Record numbers of trips to and from the region and in overnight stays
NUMBER OF AIR PASSENGERS AND GUEST NIGHTS IN THE GOTHENBURG REGION 2000–2018
Source: Swedish Transport Agency and Statistics Sweden
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
20
18
Millions of air passengers
Millions of guest nights
Construction and services have grown the most
AVERAGE ANNUAL REAL GROWTH IN TOTAL WAGE SUM BY SECTOR IN THE
GOTHENBURG REGION 2000–2018
Source: Statistics Sweden
5.1 %CONSTRUCTION
COMPANIES
4.0 %SERVICES
COMPANIES
1,6 %MANUFACTURING
COMPANIES
3.4 %PUBLIC
SECTOR
Greatest job growth in business services
PERCENTAGE CHANGE IN EMPLOYMENT BY SECTOR 2009–2017
Source: Statistics Sweden
-10% 0% 10% 20% 30% 40% 50% 60%
Manufacturing and mining
Transportation
Energy and the environment
Financial services and insurance
Commerce
Personal and cultural services
Health care and care
Property
Education
Hotels and restaurants
Construction
Public administration
Information and communication
Business services
Gothenburg region
Sweden
Small companies experience the most rapid growth in employees
PERCENTAGE CHANGE IN EMPLOYEES, BY SIZE CATEGORY 2008-2018
Source: Statistics Sweden
30%
18% 17%23%
0%
10%
20%
30%
40%
50%
1-4 employees 5-19 employees 20-199 employees 200+ employees
The region’s largest companies
Source: Statistics Sweden (employees), Veckans Affärer (market value) and Avanza (turnover)
Note: Statistics for market value and turnover refer only to companies with head office in the Gothenburg region
Company Year 2018
Volvo Cars 16,475
Volvo Trucks* 4,375
Chalmers 3,275
SKF 2,450
Postnord 2,375
AstraZeneca 2,125
Samhall 1,875
Ericsson 1,725
Skanska 1,625
Essity 1,425
Company Year 2017
AB Volvo 336,291
Volvo Cars 214,166
SKF 77,938
Stena sphere* 55,388
Carl Bennet** 49,784
Bilia 25,509
Cellmark 24,435
Ekman & Co 16,003
Capio 15,425
Mölnlycke Health Care 10,710
Company Year 2018
AB Volvo 300,059
Latour 78,764
SKF 74,025
Balder 51,624
Castellum 48,247
Wallenstam 29,947
Getinge 29,225
Platzer 8,959
Bilia 8,506
Collector 5,175
Rank
1
2
3
4
5
6
7
8
9
10
By number of employees By market value MSEK By turnover MSEK
* Part of the Volvo Group, which employs a total of
12,400 persons in the Gothenburg region
* Reported here as a group including Stena, Stena
Metall, Stena Sessan and Concordia Maritime
** Reported here as a group including Getinge,
Lifco, Elanders, Dragesholm and Symbrio
Investment in housing and offices in the region
REAL INVESTMENT VOLUME IN SEK BILLIONS IN OFFICES, FACILITIES AND
HOUSING IN THE GOTHENBURG REGION 2009–2019
Source: Swedish Construction Federation
19 21 20 18 19 2024
2933
38 388
76
6 89
10
10
10
11 13
911
1212
1315
15
15
17
1819
0
10
20
30
40
50
60
70
80
200
9
201
0
201
1
201
2
201
3
201
4
201
5
201
6
201
7
201
8 fo
reca
st
201
9 fo
reca
st
Office premises
Facilities
Housing
SEK billion
The region’s private sector generates a lot of value
VALUE ADDED IN MSEK BY SECTOR 2017
Source: Statistics Sweden
Sector Value added 2017, MSEK Share of total
Business services 127,277 23.6%
Manufacturing and mining 95,007 17.6%
Commerce 81,531 15.1%
Construction 45,014 8.3%
Real estate 40,068 7.4%
Transportation 39,171 7.3%
Information and communication 33,944 6.3%
Health care and care 16,139 3.0%
Hotels and restaurants 14,512 2.7%
Finance and insurance 13,895 2.6%
Personal and cultural services 10,757 2.0%
Energy and environment 10,245 1.9%
Education 6,308 1.2%
Unknown 3,376 0.6%
Agriculture, forestry and fishery 2,456 0.5%
Public authorities 9 0.0%
Gothenburg region total 539,708 100.0%
The population continues to grow strong
POPULATION IN THE GOTHENBURG REGION 2000-2018 AND FORECAST FOR THE PERIOD 2019-2035
Source: Statistics Sweden and Region Västra Götaland
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
0% 10% 20% 30% 40%
France*
Germany**
Spain*
Netherlands
Italy
Denmark
Sweden
Finland
UK
Costs and taxes
Employer tax % of salary
Retirement pension 10.21
Survivor’s pension 0.60
Health insurance 3.55
Parental insurance 2.60
Occupational injury insurance 0.20
Unemployment insurance 2.64
Payroll contribution 11.62
Total employer contributions 31.42
Country Interest Dividends Royalties
Sweden 0% 0% 0%
Denmark 0% 0% 22%
Finland 0% 20% 20%
France 0% 30% 33%
Germany 0% 25% 15%
Netherlands 0% 0% 0%
UK 20% 0% 20%
USA 0% 30% 30%
Statutory employer contributions 2019 Corporate tax rates 2019 Withholding tax rates* 2018
* Rates apply to payments to non-residents
Source: Deloitte 2018
* Small and new companies can benefit from lower
corporate tax
** The corporate tax rate in Germany varies between
22.83 and 36.83 per cent depending on geographical
location
Source: KPMG 2019
Source: The Swedish Tax Agency
Salary levels in the Gothenburg region
MARKET SALARY STATISTICS, MONTHLY SALARY IN SEK
Source: Almega, September 2019
Profession 10th percentile 40th percentile 60th percentile 90th percentile
Economics and finance managers 38,500 56 700 69,100 110,300
Economics and finance operation managers 38,000 51 400 60,700 89,100
Human resources managers 40,000 55 300 68,200 104,800
Human resources operations managers 40,000 53 000 62,500 91,500
Management and planning managers 46,400 66 100 80,000 148,000
Management and planning operations managers 34,200 45 300 52,500 80,000
Sales and marketing managers 42,600 58 900 68,300 101,500
Sales and marketing operations managers 39,500 54 900 63,900 83,300
IT managers 45,600 61 200 71,700 109,800
IT operations managers 43,100 58 000 64,300 82,900
Managers in information, communication and PR 41,500 62 400 76,200 111,300
Operations managers in information, communication and PR 39,600 52 600 59,700 82,700
Managers in purchase, logistics and transport 35,600 52 900 63,200 88,800
Operations managers in purchase, logistics and transport 35,700 49 200 59,100 79,600
Auditors, accountants and economists 27,200 37 500 45,000 63,700
Organisation development experts 33,800 44 000 51,100 69,600
Market analysts and marketing specialists 32,200 41 800 48,500 65,600
Systems analysts and software engineers 36,000 46 100 51,100 62,400
Software and systems developers 31,500 40 000 45,300 55,700
Engineers and technicians in construction 29,000 34 400 39,000 52,600
Engineers and technicians in electro technology 29,800 37 000 42,000 54,700
Engineers and technicians in chemistry and chemical engineering 29,500 36 200 41,200 53,700
Computer technicians 26,000 33 900 38,400 47,600
Company sales staff 27,900 38 100 44,800 58,900
Purchasers 30,800 38 900 43,900 58,700
Administrative assistants 22,100 28 400 31,500 40,200
Sales person in commerce 23,800 28 000 30,400 40,300
Office rents in Gothenburg and Mölndal
OFFICE RENTS BY AREA IN GOTHENBURG, QUARTER 4 2018
Source: JLL
Central Business
District
Other
Inner CityNorra
Älvstranden
Other
Hisingen
West Gothenburg
East
Gothenburg
Mölndal
Nordic cost comparison 2019
Sources: 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 FOR A
CITY APARTMENT
GOTHENBURG
SEK 100
SEK 1,425
SEK 3,400
SEK 61,200
OSLO
SEK 190
SEK 3,400
SEK 4,900
SEK 81,500
COPENHAGEN
SEK 170
SEK 3,300
SEK 2,800
SEK 66,300
HELSINKI
SEK 125
SEK 3,000
SEK 4,300
SEK 76,500
STOCKHOLM
SEK 120
SEK 1,425
SEK 7,500
SEK 93,400
Did you know…
1%of heating in Gothenburg
is powered by oil.
Source: Göteborg Energi
Solevi…
… opened in Gothenburg in 2018 and
became Sweden’s largest solar farm. It
generates 5.5 MW which is enough to
meet the needs of 1,100 houses.
Source: Göteborg Energi
287 millionSo many trips were made in the
Gothenburg region’s public
transportation system in 2018, which
was an increase by 5 percent compared
to the previous year.
Source: Västtrafik
2020will see Landvetter Airport’s carbon
dioxide emissions reach zero.
Source: Swedavia
90%of all apartment buildings in
Gothenburg have district heating
Source: Göteborg Energi
SEK 7billion…
…has been allocated in green bonds
since the start in 2013.
Source: City of Gothenburg