​Stockholm Economy: Positive figures for Stockholm

During the fourth quarter 2016 Stockholm’s economic growth continued. Aggregated gross pay data show positive growth figures both for Stockholm County and the City of Stockholm compared to the same quarter 2015.

The number of housing projects increased in both the county and the City of Stockholm in relation to the same quarter last year. In total, construction of 19 400 apartments were started in Stockholm County during the last four quarters, whereof about 7 500 in the City of Stockholm.

”Stockholm is growing faster than the rest of Europe, so we are very pleased to see that housing construction is well underway. It’s a prerequisite for Stockholm's future growth. We also see more and more Stockholmers in employment, which is very positive and a sign of a good business climate”, says Mayor of Stockholm, Karin Wanngård (S).

The last four quarters the number of residents has increased by 37 600 in Stockholm County, of which the City of Stockholm accounted for 12 100, representing a 1,7 % increase for the county and 1,3 % for the city.

During the last quarter the number of persons employed increased as did the number of listed positions. The largest percentage increase of listed positions were in the information and communication sector followed by the construction sector. The unemployment rate continued to decrease both in Stockholm County and the City of Stockholm compared to the same quarter in 2015. The number of people given notice however increased in both Stockholm county and in the city.

In total 6 724 new companies were registered in Stockholm County during the fourth quarter of 2016, whereof the City of Stockholm accounted for 4 001. This represents a minor increase for both the county and the city compared to the fourth quarter 2015.

”To summarize 2016 we saw strong growth in the hospitality industry and investments in Stockholm's fast growing tech companies more than doubled compared to the previous year. The fact that housing construction now is on the rise is a good sign that Stockholm’s stable growth will continue in 2017”, says Olle Zetterberg, CEO Stockholm Business Region.

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, Sweden's Public Employment Agency and the Swedish Companies Registration Office.

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