Business Region Göteborg

Business Region Göteborg

Why interest in Gothenburg is rocketing Three reasons why interest in Gothenburg is increasing so quickly In recent years, Gothenburg-based companies have invested heavily in developing new products and services Construction plans worth a total of 100 billion euros are attracting investors at a scope never previously seen in Gothenburg The rapid pace of digitalisation opens up opportunities for companies and people with the ability to think creatively.

Growth strategy to expand in terms of both population and area 120,000 new jobs. (2016-2035) 10,000 new inhabitants per year. The core of the region, central Gothenburg, will grow by 45,000 inhabitants and 60,000 jobs by 2030. (2012-2030) In 2030, the Gothenburg labour market will encompass 1.75 million inhabitants, compared with 1.17 million inhabitants today. Current labour market region Labour market region by 2030

Growth in Gothenburg s labour market since year 2000 46,000 more establishments 79% increase in GRP (gross regional product) 74% increase in total wage sum 187,000 new inhabitants 134,000 more jobs 53% increase in productivity

Growth in Swedish metropolitan regions Gothenburg region Stockholm region Malmö region Sweden 3.3% 3.1% 3.1% 2.8% 3.8% 3.7% 3.0% 2.9% 1.6% 1.5% 1.4% 1.1% Employment Annual growth in number of employees 2000-2016 Total wage sum Annual real growth in total wage sums 2000-2017 Gross regional product Annual real growth in gross regional product 2000-2015 (refers to statistics for labour market regions)

The Gothenburg region a leading research region which is highly competitive on the international stage R&D SHARE OF GDP 1, 2,, 4,, 195, 196 Sweden 25% of Sweden's total R&D investments within the private sector are made in the Gothenburg region 10 th 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 2014: 10 th place of 117 regions Source: BAK Basel *Indicators refer to West Sweden **Indicators refer to City of Gothenburg 23 rd 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 and a well-educated population. Global Cities Talent Competitiveness Index 2018: 23 rd place of 90 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 27 th 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 its employment, R&D and high education level. Europe 2020 Regional Index: 27 th place of 263 regions Source: EU-Commission 2 nd place Connectivity** Ranks cities and regions in Europe with the best IT and logistics infrastructure. Among large European cities, Gothenburg is ranked second when it comes to the best IT and logistics infrastructure. European Cities and Regions of the Future 2017/2018: 2 nd place of 55 mid-sized cities Source: fdi Source: EU-Commission

Exports to the region s largest trading partners TOP 10 EXPORT DESTINATIONS 2017 RANK COUNTRY VALUE OF EXPORTED GOODS 2017, MSEK 1 USA 30,888 2 Norway 29,652 3 Germany 21,662 4 China 16,762 5 Denmark 16,577 6 UK 15,351 7 Finland 14,037 8 France 10,170 9 Netherlands 7,940 10 Russia 4,829 Västra Götaland County total 271,317 Gothenburg region total 220,346 Gothenburg region s share of Swedish exports 17% Twice as strong growth in real goods exports from Gothenburg region (+13%) compared to Sweden (+7%)

The composition of the region's exports and imports EXPORTS AND IMPORTS OF GOODS, BY PRODUCT GROUP 2017 Motor vehicles and other transport equipment Other machines and manufactured goods Computers, electronics and optical products Chemicals, pharmaceuticals, rubber and plastics Wood, paper and printing services Coke and petroleum 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 2017, SEK million Imports value 2017, SEK million 0 30 000 60 000 90 000 120 000 +19 % or SEK 20 billion in real terms was the export growth in the automotive industry 2016-2017

Many foreign-owned companies in the region NUMBER OF FOREIGN-OWNED COMPANIES AND ESTABLISHMENTS 1990 2016 3 000 2 500 2 000 1 500 Every fifth worker in the Gothenburg region is employed in a foreign-owned company 1 000 500 Establishments Companies 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Record numbers for air passengers and guest nights NUMBER OF AIR PASSENGERS AND GUEST NIGHTS IN THE GOTHENBURG REGION 2000 2017 7 6 app.7 million flight passengers 2017 is a new record 5 4 3 2 1 Millions of air passengers Millions of guest nights 4.8 million guest nights 2017 is a new record 0 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Source: Swedish Transport Agency and Statistics Sweden

Construction and services sector companies have grown the most AVERAGE ANNUAL REAL GROWTH IN TOTAL WAGE SUM BY SECTOR IN THE GOTHENBURG REGION 2000 2017 5.0% 4.1% 3.5% 1.4% CONSTRUCTION COMPANIES SERVICE COMPANIES PUBLIC SECTOR INDUSTRIAL COMPANIES

Greatest employment growth within business services PERCENTAGE CHANGE IN EMPLOYED PERSONS BY INDUSTRY 2009 2016 Business services Information and communication Hotels and restaurants Construction Education Property Public administration Health care and care Personal and cultural services Energy and the environment Commerce Financial services and insurance Manufacturing and mining Transportation Gothenburg region Sweden -10% 10% 30% 50% 100,000 more office-based employees in the Gothenburg region by 2035

Small companies experiencing the most rapid growth in employees CHANGE IN NUMBER OF EMPLOYEES BY SIZE CATEGORY 2006 2016 50% 40% 143,000 30% 20% 28% 23% 16% 20% persons were employed in companies with less than 20 employees in 2017 10% 0% 1-4 employees 5-19 employees 20-199 employees 200+ employees

The region s private sector generates high value added VALUE ADDED IN MSEK BY SECTOR 2016 SECTOR VALUE ADDED 2016, MSEK SHARE Business services 119,960 23.2% Manufacturing and mining 93,353 18.1% Commerce 79,544 15.4% Construction 40,856 7.9% Transportation 38,515 7.5% Real estate 36,615 7.1% Information and communication 31,263 6.1% Finance and insurance 16,667 3.2% Health care and care 16,038 3.1% Hotels and restaurants 13,869 2.7% Personal and cultural services 11,442 2.2% Energy and the environment 9,078 1.8% Education 6,505 1.3% Agriculture, forestry and fishery 1,936 0.4% Unknown 541 0.1% Public authorities 8 0.0% Gothenburg region total 516,190 100.0% 92 % of all industries in Sweden are represented in the Gothenburg region

Investments in housing and offices in the region INVESTMENT VOLUME IN SEK BILLIONS IN OFFICES, FACILITIES AND HOUSING IN THE GOTHENBURG REGION 2009 2019 SEK billion 70 60 50 40 30 20 Office premises Facilities Housing 11 14 8 12 12 12 7 8 6 6 7 9 10 19 21 20 18 18 19 15 9 23 15 10 28 16 16 10 11 33 34 17 12 31 1,000 SEK billion in planned investment until 2035 0 2019 forecast 2018 forecast 2017 forecast 2016 2015 2014 2013 2012 2011 2010 2009 Source: Swedish Construction Federation

Population continues to grow POPULATION IN THE GOTHENBURG REGION 2000 2017 AND FORECAST FOR THE PERIOD 2018 2035 1 250 000 1 200 000 1 150 000 1 100 000 1 050 000 1 000 000 950 000 900 000 850 000 800 000 Population Population forecast 1,012,569 is the number of inhabitants in the Gothenburg region in 2017 2035 2030 2025 2020 2015 2010 2005 2000

Nordic cost comparison 2018 A cheaper meal Maximum monthly fee for 1 child at preschool Office rent per m 2 CBD / year Average price per m 2 city apartment Source: Numbeo, each city's official homepage, JLL and Global Property Guide

Did you know The world's best 1 % of heating in Gothenburg is powered by oil. Source: Business Region Göteborg FED up! Are you also fed up with fossil fuels? The Fossil-free Energy Districts project, FED, aims to decrease the use of energy and the dependence on fossil fuel in a built environment. Within FED, a unique local marketplace for electricity, district heating and cooling is developed, supported by the European Regional and Development Fund. Quiet & emission free transport Following two successful years of electric buses on route 55 in Gothenburg, Electricity is expanding and two electric buses will start operating on route 16. Meanwhile, there are plans to expand the demo arena to include heavy vehicles for quiet and emission-free urban transport. Source: Volvo Group The 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 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. 2020 will 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 Source: Johanneberg Science Park Source: Göteborg Energi