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