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Stockholm economy: ​Mostly positive figures

Press Release   •   Apr 03, 2018 09:06 GMT

Photo: Jeppe Wikström, mediabank.visitstockholm.com

The Stockholm economy continues to develop strongly which is shown by most indicators. Aggregated gross pay data showed positive growth figures both for Stockholm County and the City of Stockholm in the last quarter of 2017, compared to the same quarter in 2016. Information and communication, and construction where the driving forces behind this development. 

"It is pleasing to see continued strong development in Stockholm. With an increased number of residents in the city we are especially happy to see that construction is on the rise", says Olle Zetterberg, CEO of Stockholm Business Region. 

The labour market in Stockholm continues its strong development, except for a decreasing number of listed positions and an unchanged unemployment rate. During the last four quarters the number of persons employed increased by 24 400. Further the number of persons given notice decreased substantially in both the county and the city.

The number of newly registered businesses decreased somewhat while the number of company bankruptcies decreased in the county but increased moderately in the City of Stockholm, in comparison to the corresponding quarter of 2016.

The number of residents in the county and the city increased by 39 100 and 14 100 respectively during the last four quarters, representing increases by 1,7 percent and 1,5 percent. The number of housing projects started increased in both the county and the city in comparison to the same quarter last year. During the last four quarters construction increased in both the Stockholm County and the City of Stockholm. 

About the report

The report is published by Stockholm Business Region four times per year. The report covers Stockholm County and the City of Stockholm. Statistics are based on information from Statistics Sweden, the Swedish Public Employment Service and the Swedish Companies Registration Office.

For questions, contact Stefan Frid, Invest Stockholm, stefan.frid@stockholm.se, +46 (0) 8 508 28 016

About Invest Stockholm

Invest Stockholm is the official investment promotion agency of Stockholm. We work with the marketing and development of the Stockholm region as a business destination under the brand Stockholm – The Capital of Scandinavia. Invest Stockholm is a subsidiary of Stockholm Business Region, owned by the city of Stockholm.

www.investstockholm.com

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