Stockholm Economy: ​Mostly positive figures for Stockholm

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 compared to the same quarter in 2016. Information and communication, business services, trade and construction where the driving forces behind this development. 

Even though the number of company bankruptcies increases and newly registered businesses decreases, the sector strengthens by eight times more companies being started than the number of company bankruptcies. Despite an increase in the unemployment rate, the labour market in Stockholm continued its strong development. During the last four quarters the number of persons employed increased by 30 600. Further the number of persons given notice decreased in both the county and the city. 

- These are very positive figures, we have a strong business community in Stockholm. The capital continues to grow and we see that companies want to establish and expand here, which is good. To meet the demands that comes with growth, we have accelerated housing construction and are now building more than in the 60's in the record years. Building more rental homes is an important part of maintaining Stockholm’s competitiveness in the long term,” says Mayor of the City of Stockholm, Karin Wanngård (S).

The number of residents in the county and the city increased by 39 500 and 14 200 respectively during the last four quarters, representing increases by 1,8 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 Stockholm County, while decreasing slightly in 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