The Stockholm Region Economy Stockholm Business Alliance

Q4 2017 March 2018 Mostly positive figures for the Stockholm Region

During the fourth quarter of 2017 the Stockholm region’s economic growth The Stockholm Region Economy continued. Aggregated gross pay data showed positive growth figures for the Stockholm 2017 Q4 Region compared to the same quarter in 2016. In total 9 643 new companies were registered in the Stockholm Region during the fourth quarter of 2017, which represents a small decrease compared to the same quarter 2016. About the report The number of people employed has increased during the fourth quarter 2017 The report is published each quarter by Stockholm Business Region. compared to the same quarter last year. The number of listed positions has however decreased with the largest decrease among companies in Gävleborg Statistics used is collected from Statistics Sweden, The Labour County and Stockholm county. The number of people given notice has Exchange and The Swedish Companies Registration Office. decreased by over 30 percent compared to the fourth quarter of 2016, with the biggest decrease in Dalarna County. The unemployment rate in the Stockholm The report can be downloaded from: Region has decreased marginally compared to the fourth quarter 2016. http://www.stockholmbusinessregion.se/en/facts--figures/#facts-about- The last four quarters the number of residents in the Stockholm Region business increased by 65 400, representing more than half of Sweden’s increase in population during the period. The number of housing projects started increased The Stockholm Region is defined as Stockholm County, Uppsala by 10,7 % in the Stockholm Region compared to the same quarter 2016. In County, Södermanland County, Östergötland County, Örebro County, total, construction of 32 200 apartments has started in the region during the Västmanland County, Gävleborg County and Dalarna County. Individual past four quarters, more than in the rest of the country. county reports for the above mentioned can be found in Swedish here: http://www.stockholmbusinessalliance.se/konjunkturrapporter/ Olle Zetterberg CEO Stockholm Business Region Questions can be addressed to Stefan Frid at Invest Stockholm. Publisher: Olle Zetterberg. Economic growth, private sector Index 100 = 2005 Q1

2017 Q4 Change (%) since, Billion SEK 2005 Q1 2010 Q1 2016 Q4 The Stockholm Region 163,8 85,7 44,6 4,8 Rest of Sweden 155,9 73,8 43,5 4,9 Stockholm county 107,0 93,7 46,6 5,5 Uppsala county 8,4 106,4 59,3 4,3 Södermanland county 6,1 61,9 35,5 2,8 Östergötland county 12,5 68,7 40,9 3,8 Örebro county 8,1 79,2 45,4 5,1 Västmanland county 7,6 65,6 39,7 3,2 Dalarna county 7,1 60,4 34,6 2,5 Gävleborg county 7,0 67,6 30,6 3,6

Source: Statistics Sweden 2017 Q4 Growth (%) since, Billion SEK 2005 Q1 2010 Q1 2016 Q4 INDUSTRY The Stockholm Region 24,3 14,1 8,5 -4,2 Rest of Sweden 39,1 22,7 19,5 4,0 Stockholm county 8,8 5,1 1,3 -11,4 Uppsala county 1,5 29,7 20,2 3,0 Södermanland county 1,7 11,3 12,2 -2,2 Östergötland county 3,3 14,5 12,2 -3,2 Örebro county 2,2 30,2 21,4 3,7 Västmanland county 2,5 21,4 15,6 -2,0 Dalarna county 2,1 19,2 12,4 1,9 Economic growth by sector Gävleborg county 2,2 18,2 1,7 4,2 SERVICES Index 100 = 2005 Q1 The Stockholm Region 122,7 103,1 50,3 6,4 Rest of Sweden 98,4 96,6 52,3 6,2 Stockholm county 89,2 104,1 50,0 7,1 Uppsala county 5,6 129,8 66,2 4,2 Södermanland county 3,5 83,1 39,4 3,1 Östergötland county 7,7 99,7 51,3 6,8 Örebro county 4,9 108,2 54,4 5,0 Västmanland county 4,2 100,3 54,7 4,6 Dalarna county 3,9 78,4 41,6 1,8 Gävleborg county 3,7 95,2 44,6 2,5 OTHER* The Stockholm Region 16,8 160,7 81,1 8,5 Rest of Sweden 18,4 136,4 63,1 0,4 Stockholm county 9,0 183,6 84,7 9,0 Uppsala county 1,3 176,8 99,8 6,4 Södermanland county 1,0 159,5 83,0 11,9 Östergötland county 1,5 122,8 78,4 5,2 Örebro county 1,0 114,8 71,9 8,7 Västmanland county 0,9 112,3 61,8 13,4 Dalarna county 1,1 135,2 70,8 6,8 Gävleborg county 1,1 160,5 71,5 6,2 Source: Statistics Sweden *Other includes, agriculture, forestry and fishing, construction and unspecified sectors The number of newly registered businesses 2017 Q4 Yearly change* Number Ch., % Number Ch., % The Stockholm Region 9 643 -1,8 36 144 -0,7 Rest of Sweden 8 767 -1,2 31 969 -1,3 Stockholm county 6 480 -3,6 24 357 -1,8 Uppsala county 607 0,5 2 226 -0,5 Södermanland county 438 7,4 1 656 7,3 Östergötland county 609 -4,5 2 242 -0,2 Örebro county 430 -2,5 1 647 0,2 Västmanland county 351 0,9 1 285 -1,3 Dalarna county 381 15,8 1 484 11,2 Gävleborg county 347 7,1 1 247 -3,6

*Last four quarters

Source: The Swedish Companies Registration Office. Company bankruptcies

2017 Q4 Yearly change* Number Ch., % Number Ch., % The Stockholm Region 836 -0,9 3 314 7,2 Rest of Sweden 797 6,0 3 080 5,2 Stockholm county 540 -5,8 2 161 2,8 Uppsala county 57 58,3 184 9,5 Södermanland county 43 2,4 149 5,7 Östergötland county 37 -14,0 190 8,6 Örebro county 26 -21,2 139 -7,9 Västmanland county 38 18,8 149 63,7 Dalarna county 46 17,9 163 31,5 Gävleborg county 49 6,5 179 30,7 *Last four quarters

Source: Statistics Sweden Employment Index 100 = 2008 Q1

Number Growth Growth (%) since, 2017 Q4 Yearly ch.* 2008 Q1 2010 Q1 2016 Q4 Stockholm Region 2 308 800 55 100 14,5 15,2 2,4 Rest of Sweden 2 716 400 49 200 8,5 12,8 1,8 Stockholm county 1 234 200 24 400 20,5 17,9 2,0 Uppsala county 186 100 1 000 17,1 17,8 0,5 Södermanland county 136 000 8 000 7,3 13,1 6,3 Östergötland county 216 800 3 900 11,6 13,4 1,8 Örebro county 142 500 3 000 9,3 15,1 2,2 Västmanland county 126 400 5 100 9,2 10,7 4,2 Dalarna county 135 200 5 100 -1,7 8,8 3,9 Gävleborg county 131 600 4 600 2,3 5,3 3,6

Source: Statistics Sweden *Last four quarters The number of employed people in the Stockholm Region Number Growth Growth (%) since, 2017 Q4 Yearly ch.* 2008 Q1 2010 Q1 2016 Q4

Total 2 308 800 55 100 14,5 15,2 2,4 Agriculture, forestry & fishing 17 200 -3 800 -34,4 -34,1 -18,1 Manufacturing, mining, quarrying & utilities 211 100 14 400 -10,2 2,5 7,3 Manufacturing of workshop products 102 800 6 700 -12,8 1,4 7,0 Construction 145 000 2 500 12,3 13,2 1,8 Trade 261 800 8 900 8,1 9,4 3,5 Transport 104 500 -3 300 2,8 0,2 -3,1 Accommodation & food services 77 700 -2 500 18,8 13,8 -3,1 Information & communication 134 300 9 000 31,4 32,8 7,2 Arts, entertainment, recreation & other services 128 900 11 400 20,6 18,4 9,7 Financial & insurance 452 800 -6 300 25,5 18,1 -1,4 Public administration 170 700 15 600 40,7 39,8 10,1 Education 264 800 9 400 22,1 22,5 3,7 Health 315 800 -6 400 8,9 10,7 -2,0 Unspecified n.d. n.d. n.d. n.d. n.d. Employed in Sweden 2 303 000 55 200 14,9 15,5 2,5 Employed abroad 3 500 -100 2,9 -5,4 -2,8

*Last four quarters Source: Statistics Sweden Number of recently listed positions Index 100 = 2005 Q1

2017 Q4 Yearly growth* Number Ch., % Number Ch., % The Stockholm Region 139 745 -9,1 591 960 -7,0 Rest of Sweden 166 535 7,7 686 800 3,6 Stockholm county 84 040 -12,8 353 094 -11,0 Uppsala county 7 811 -6,6 34 545 -7,9 Södermanland county 7 870 -4,4 32 148 -8,2 Östergötland county 12 644 0,6 59 779 8,0 Örebro county 7 664 -11,8 31 908 -4,9 Västmanland county 6 825 12,9 27 276 4,4 Dalarna county 6 854 7,0 29 742 10,4 Gävleborg county 6 037 -13,2 23 468 -7,6

*Last four quarters

Source: The Labor Exchange The number of people given notice Index 100 = 2006 Q1

2017 Q4 Yearly change* Number Ch., % Number Ch., % The Stockholm Region 4 145 -30,5 16 297 -13,3 Rest of Sweden 4 966 -9,6 18 283 -7,6 Stockholm county 2 306 -39,8 8 849 -19,6 Uppsala county 144 -34,5 581 -21,4 Södermanland county 333 36,5 682 -52,9 Östergötland county 348 -19,1 1 298 5,0 Örebro county 484 -8,3 1 126 -14,9 Västmanland county 241 -19,7 1 236 0,5 Dalarna county 96 -57,5 1 482 51,5 Gävleborg county 193 4,9 1 043 24,8

*Last four quarters Source: The Labor Exchange Unemployment in relation to the population (%), 15-74 years

Unemployed out of Number Yearly population, 15-74 years 2017 Q4 change* 2010 Q1 2016 Q4 2017 Q4 The Stockholm Region 159 700 -400 5,7 4,8 4,7 Sweden 363 041 -3 348 6,2 5,0 4,9 Stockholm county 70 697 1 936 4,4 4,1 4,1 Uppsala county 10 449 475 4,6 3,7 3,8 Södermanland county 13 837 -669 7,8 6,9 6,6 Östergötland county 18 770 57 6,9 5,6 5,6 Örebro county 10 764 -403 7,4 5,1 4,9 Västmanland county 11 729 -58 7,2 6,0 6,0 Dalarna county 9 331 -530 5,9 4,7 4,5 Gävleborg county 14 124 -1 208 8,7 7,3 6,8 *Last four quarters

Source: The Labor Exchange and Statistics Sweden Population Index 100 = 2005 Q1

2017 Q4 Yearly ch.* Growth (%) since, (in thousands) 2005 Q1 2010 Q1 2016 Q4 The Stockholm Region 4 567,8 65,4 15,9 10,4 1,5 Rest of Sweden 5 552,5 59,7 9,5 6,5 1,1 Stockholm county 2 308,1 39,1 23,0 13,9 1,7 Uppsala county 369,0 7,6 21,8 10,9 2,1 Södermanland county 291,3 3,2 11,6 8,2 1,1 Östergötland county 457,5 5,4 10,0 7,0 1,2 Örebro county 298,9 4,0 9,2 7,0 1,3 Västmanland county 271,1 3,5 3,9 7,8 1,3 Dalarna county 286,2 1,6 3,8 3,5 0,6 Gävleborg county 285,6 1,1 3,4 3,4 0,4 *Development last four quarters

Source: Statistics Sweden Number of housing projects started Index 100 = 2005 Q1

2017 Q4 Yearly change* Number Ch., % Number Ch., % The Stockholm Region 8 348 10,7 32 182 -1,4 Rest of Sweden 6 888 -3,8 29 394 9,3 Stockholm county 4 981 11,5 18 507 0,6 Uppsala county 1 094 72,6 4 173 -1,1 Södermanland county 842 117,0 2 413 72,1 Östergötland county 335 -48,5 2 124 -30,5 Örebro county 368 -56,1 1 813 -37,8 Västmanland county 455 127,5 1 889 71,9 Dalarna county 94 -23,0 430 -14,9 Gävleborg county 179 -26,6 833 -20,4

*Last four quarters

Source: Statistics Sweden Commercial Accommodations Index 100 = 2008 Q4 (Q4, 2008 - 2017)

2017 Q4 Yearly ch.* Growth (%) since, (in thousands) 2008 Q4 2010 Q4 2016 Q4 The Stockholm Region 5 143 26 263 36,9 29,8 3,5 Rest of Sweden 5 286 36 767 37,2 28,1 1,5 Stockholm county 3 198 14 056 57,0 44,9 3,3 Uppsala county 200 1 079 13,2 3,3 -7,4 Södermanland county 179 1 075 8,8 7,6 1,2 Östergötland county 285 1 768 48,2 34,0 4,0 Örebro county 197 1 284 24,5 20,3 -2,8 Västmanland county 163 879 40,1 37,1 20,4 Dalarna county 724 5 010 -5,6 0,2 5,2 Gävleborg county 197 1 111 34,7 11,4 8,3 *Development last four quarters Source: Statistics Sweden and Swedish Agency for Economic and Regional Growth Stockholm Business Region

Stockholm Business Region is responsible for developing and promoting Stockholm as a business and tourist destination under the brand Stockholm - The Capital of Scandinavia.

The aim is to make Stockholm the leading sustainable growth region in Europe.

Stockholm Business Region is owned by the city of Stockholm and has two subsidiaries Invest Stockholm and Visit Stockholm.

For questions: Contact Stefan Frid, Invest Stockholm. Publisher: Olle Zetterberg, CEO Stockholm Business Region

Stockholm Business Region P.O. Box 16282 SE-103 25 Stockholm, Sweden Phone + 46 8 508 280 00 www.visitstockholm.com www.investstockholm.com www.stockholmbusinessregion.se