Facts about business in Stockholm

Facts about business in Stockholm 212

Innehåll Stockholm The Capital of Scandinavia...4 Stockholm Business Region Development...5 Stockholms position in an international comparison...6 Economy...9 Economy...1 Gross Regional Product, GRP...12 Stockholm s industrial and commercial life...15 Entrepreneurship in Stockholm...16 Businesses and industries...18 Strong profile areas...2 Business areas in Stockholm...22 International commerce...24 Foreign ownership...26 Workforce and population...29 Labor market...3 Education...32 Population...34 Infrastructure...37 Communications...38 Commercial properties...4 Residences...42 About the statistics...44 STOCKHOLM REGION STOCKHOLM COUNTY STOCKHOLM CITY Facts about entrepreneurship in Stockholm Stockholmers are becoming more and more entrepreneurial and the business world is becoming more and more international. These are two reflections from Facts about business enterprise in Stockholm in 212. Stockholm is no longer merely Sweden s financial engine; our region has been developed to be the economic center of Scandinavia. Together with 49 municipalities around the Mälaren Valley, we are marketing ourselves as Stockholm The Capital of Scandinavia. Today, the battle for where companies that will be creating the jobs of tomorrow will establish themselves is being fought on a global scale, and we must work together in order to succeed. Furthermore, our role as the driver for growth requires us to look at the issue from a slightly broader perspective. Stockholm will become the leading sustainable growth region in Europe. With such a perspective, it will be very important with a positive development not only in Sweden but also in our neighboring countries. It will be beneficial for Stockholm if things go well in many other places in our part of Europe. At the same time, more than often business issues concern the state of the local environment. One concrete example concerns effective snow clearance making it possible for the transport system to cope with deliveries and enabling people to travel to and from home and work. The inhabitants of the Metropolitan Region are accustomed to piecing things together to balance everyday life. Thus, among other things, our attractiveness can be measured in how the transportation system is able to handle its undertaking. Another example is the opportunity for companies to find the right skills for their operations. There are facts in this publication regarding these and other issues. We hope that knowledge of Stockholm as a place of business will expand and that together we will be able to develop entrepreneurship in our region by prioritizing investments in areas that provide a foundation for more and growing businesses. Happy reading! In this publication, the Stockholm Region is defined as the countys; Stockholm county, Uppsala county, Gävleborg county, Västmanland county, Örebro county and Södermanland county. Anna Gissler CEO of Stockholm Business Region Development Olle Zetterberg CEO of Stockholm Business Region Chairman of Stockholm Business Region Development Facts about business in Stockholm 212 3

Stockholm The Capital of Scandinavia Stockholm Business Region Development There are many reasons for why Stockholm is the natural capital of Scandinavia. Stockholm is the largest city in the largest country and lies in the heart of Scandinavia with world-class communications. Stockholm is also the economic center of Scandinavia with the greatest gross regional product (GRP) and greatest number of multi-national companies. Stockholm also has one of the largest ICT clusters in the world, one of Europe s largest Life science clusters and is the financial center of Northern Europe. In addition, Stockholm is the top-ranking cultural city in Scandinavia with a unique offering of galleries and museums, an international food culture and a center for music production. Stockholm Business Region Development is working towards Stockholm being able to offer the best conditions possible for the growth of existing companies and for new companies to start up and establish themselves in Stockholm. Stockholm Business Region Development is a subsidiary company of Stockholm Business Region and is fully owned by the city of Stockholm. 4 Facts about business in Stockholm 212 Facts about business in Stockholm 212 5

Stockholm s position in an international comparison Eurostat: GRP per capita in 211 Stockholm County is the 8th largest GRP per capita of the 275 regions in Europe (29). Stockholm has a 72% higher GRP per capita than the average in EU27. Cushman & Wakefield: European Cities Monitor 211 Stockholm is ranked as the 13th most important business city in Europe and the premier city in Scandinavia out of 36 selected cities. The strengths of Stockholm lie in its environment and quality of life, but also in its access to a skilled work force, telecommunications, language competence and public transport. The Anholt-Gfk Roper: City brands index 21 Stockholm is ranked as the 16th of 5 cities in terms of the strength of Stockholm as a brand name. In the study, 2, citizens have been asked to rate the presence, location, people, conditions, pulse and potential of the areas. Mercer: Quality of living 211 Stockholm is ranked 2th of 221 cities globally in terms of quality of life. PWC: Cities of Opportunity 21 Stockholm is ranked as the number one city in Europe in terms of attractiveness and growth potential. In same ranking Stockholm places 4th out of 26 selected major cities in the world. The study comprises ten categories in which Stockholm is in the top position in three categories; intellectual capital and innovation, health and security as well as demography and living conditions. ECM /the Swedish Agency for Economic and Regional Growth and Statistics Sweden (SCB): Commercial overnight stays Stockholm County is ranked as the 1th leading visitors destination in Europe with more than 1 million commercial overnight stays per year. Among the 44 cities included in The Premier League, Stockholm had the sixth highest growth in number of guest nights during the period 24-28. 6 Facts about business in Stockholm 212

Economy Facts about business in Stockholm 212 9

Economy During 21, Sweden was one of the world s strongest growth economies with a GDP of 6.8%. Sweden has had a stronger development in productivity (GDP development/hours worked) than many other countries during the 21st century. Diagram 1. Growth in GDP (%) compared to previous year in selected countries, 21 Source: OECD Diagram 2. Development in productivity (%) in selected countries, 21 28 Source: OECD Denmark 7 6 6.8% Norway Spain Switzerland 5 The Netherlands Belgium 4 Germany France 3 OECD Japan 2 Finland Great Britain 1 USA Denmark Finland Germany France Norway Poland Spain Sweden Great Britain USA Euro-countries OECD-countries Sweden Poland Korea 2,% 2.% 1 2 3 4 5 Average growth in GDP GNP per hour worked 1 Facts about business in Stockholm 212 Facts about business in Stockholm 212 11

Gross Regional Product, GRP Stockholm County has one of the highest GRPs per capita in Europe. Of the 275 regions in Europe, Stockholm holds 8th place with a 72 percent higher GRP per capita than the average region in the EU. During the period from 2-28, the gross regional product in Stockholm County has increased by over 35 percent. Stockholm County has a 37% higher GRP per citizen and a 22% higher GRP per employee than Sweden in total. Properties and corporate services contribute most to the County s GRP followed by commerce and financial services The Stockholm Region accounts for 42% of the GDP of Sweden (SEK 1,354 billion) and Stockholm County accounts for 29% (SEK 94 billion). Diagram 3. Gross regional product, GRP, SEK billions, 28 4, Table 2. Gross regional product, SEK millions, per industry Stockholm County, 28 Table 1. Gross regional product per capita (adjusted according to purchasing power) relative to EU27, 29 Ranking Region EU27=1 3, 3,24 SEK millions Distribution, % Manufacturing 9,622 1 Construction 38,233 4 1 Inner London 332 Commerce 12,477 11 2 Luxembourg 266 Hotels and restaurants 14,178 2 3 Rég. Bruxelles / Brussels Gewest 223 4 Hamburg 188 5 Bratislavský kraj 178 6 Île de France 177 7 Praha 175 2, 1, 1,354 94 Transport and communications 6,3 6 Financial activities 71,362 8 Properties and corporate services 239,781 25 Education 35,64 4 8 Stockholm 172 Health and social care 7,86 8 9 Groningen 17 1 Åland 164 Sweden Stockholm region Stockholm County Other 216,943 23 Total 94,342 12 Facts about business in Stockholm 212 Facts about business in Stockholm 212 13

Stockholm s industrial and commercial life Facts about business in Stockholm 212 15

Entrepreneurship in Stockholm Stockholm is the center of new business creation in Sweden. The majority of new companies are started here even when counted per capita. More than every third company in the country is started in Stockholm County. 211 was a record year with more than 24, newly registered businesses in Stockholm County, of which the City of Stockholm accounted for 14,. At the same time, the number of company bankruptcies continued to decrease by 8% during 211 to 2,3. Diagram 4. The number of newly registered businesses and company bankruptcies in Stockholm County, 21 211 Source: The Swedish Companies Registration Office and Statistics Sweden 25, 2, Newly registered businesses Company bankruptcies Diagram 5. The number of newly registered businesses per 1, inhabitants*, 211 Source: The Swedish Companies Registration Office and Statistics Sweden Diagram 5. The number of newly registered businesses per 1, inhabitants*, 211 Source: The Swedish Companies Registration Office and Statistics Sweden Sweden Sweden 15, 1, 5, Stockholm Region Stockholm Region Stockholm County Stockholm County City of Stockholm City of Stockholm 5, 21 22 23 24 25 26 27 28 29 21 211 2 4 6 8 1 12 14 16 18 Quantity 2 4 6 8 1 12 14 16 18 * Calculated according to number of inhabitants 211 Q 3 Quantity * Calculated according to number of inhabitants 211 Q 3 16 Facts about business in Stockholm 212 Facts about business in Stockholm 212 17

Businesses and industries Stockholm has the most diversified industrial and commercial life in Sweden. Stockholm County is home to one quarter of Sweden s 978, businesses. Of the 74, people employed in the private sector in Stockholm County, most are employed in mediumsize companies with 5-249 employees. About half of the companies can be regarded as being dormant with a turnover of less than SEK 3, per year. The Service Sector is dominant in Stockholm and every 4th company in the county is in the business consultant industry. Every 1th company is active within manufacturing. Most employees can be found within commerce, followed by business consultants and manufacturing Table 4. The number of companies and employees arranged according to industry in Stockholm, 21 Table 3. The number of companies and employees arranged according to size of company (number of employees) in Stockholm, 21 Size of company, number of employees Companies Employees Stockholms County Stockholm Region Stockholms County Stockholm Region Quantity Percentage of Nation, % Quantity Percentage of Nation, % Quantity Percentage of Nation, % Quantity Percentage of Nation, % 2 26,238 24 315,786 37 54,55 29 79,15 42 3 9 21,517 26 32,541 39 15,797 26 16,4 4 1 19 5,692 27 8,395 4 76,421 28 112,625 41 2 49 3,496 3 4,98 43 14,745 31 146,86 43 5 249 1,682 33 2,251 45 164,126 34 219,595 45 25 999 266 33 369 46 119,689 32 165,135 45 1, 2,999 36 24 62 42 58,732 24 98,136 41 3, 11 22 18 36 57,8 19 91,775 31 Total 238,938 24 364,33 37 741,14 28 1,72,497 41 Industry Companies Employees Stockholms County Stockholm Region Stockholms County Stockholm Region Quantity Percentage of Nation, % Quantity Percentage of Nation, % Quantity Percentage of Nation, % Quantity Percentage of Nation, % Business consultants 6,225 4 76,889 51 118,541 43 142,1 52 Hotels and restaurants 37,958 3 53,97 43 62,11 33 83,39 44 Other corporate services 32,524 3 46,219 42 82,16 36 19,782 49 Commerce 29,655 25 44,766 37 128,974 27 187,767 39 Manufacturing 22,716 8 59,141 22 83,679 13 184,23 29 Construction 21,22 26 33,299 4 62,218 26 97,59 4 Health and social care 9,713 35 13,569 48 51,74 37 71,191 51 Transports 7,93 26 11,851 38 48,4 28 67,473 39 Education, R&D. 5,88 32 8,27 45 29,77 36 38,294 48 Finance 4,383 44 5,249 52 46,158 54 52,15 61 Telecommunications 35 44 361 52 1,555 44 12,244 51 Other 6,519 2 1,872 33 18,617 32 26,682 47 Total 238,938 24 364,33 37 741,14 28 1,72,497 41 18 Facts about business in Stockholm 212 Facts about business in Stockholm 212 19

Strong profile areas ICT Stockholm has one of the strongest clusters within Information and Communication Technology, ICT. Thanks to Kista Science City, the Stockholm Region has become an international center for wireless technology, broadband and mobile applications and services. Automation The Stockholm Region and Västerås in particular, have a long history within industrial automation. The Region has become a center for industrial automation expertise in both Sweden and the Nordic Region. Creative industries Stockholm is known for both its capacity for innovation and for being one of the most trendy and design-conscious cities in the world. The Region is a major meeting and market place for the fashion and design industries. Here, not only fashion but also computer games are developed for the global market. Tourism Tourism is one of the world s strongest growth industries. Stockholm is one of the most visited cities in Europe and the growth in the number of guest nights is among the strongest in Europe. Hotel capacity in Stockholm has also been strengthened and attractions and tourist attractions are constantly being developed in the region. Financial services Life science The Stockholm Region is ranked as one of Europe s largest life sciences clusters. Here you can find world-leading academic research, preeminent university hospitals and a major pharmaceutical industry presence. Stockholm is the economic center of Scandinavia. The largest stock market in Scandinavia can be found here as well as the headquarters of most of the largest banks in the Nordic Region. Many of the regional headquarters of many multi-national financial institutes can be found in Stockholm as well. Regional headquarters Cleantech In 21, the EU Commission named Stockholm the first European Green Capital. Stockholm is internationally renowned for its foresighted investments and its strong expertise in sustainable urban development and the major presence of a prominent environmental technology industry. Stockholm is a natural location for the headquarters of global Swedish corporations as well as the regional headquarters of international companies. This is shown by the fact that most major international companies choose Stockholm as the site for their regional headquarters in Scandinavia. 2 Facts about business in Stockholm 212 Facts about business in Stockholm 212 21

Business areas in Stockholm E4 E18 There are a number of business areas in the City of Stockholm well distributed across the city on the main arterial roads that provide good accessibility for the transportation of both passengers and goods. Table 5. The number of work places and employees* in business areas in the City of Stockholm, 21 Business area Number of work places Number of employees City 9,768 17,3 Kista-Akalla 1,292 29,3 Lunda E18 Kista E4 Hornsberg 69 18,6 Värtan 1,12 18,3 Liljeholmen 836 13,9 Vinsta Bromsten Norra station-norrtull 1,585 12,4 Ulvsunda 1,18 1,9 Globen-Slakthusområdet 733 1,2 Västberga 632 8,8 Hammarby sjöstad 1,742 8,7 Alvik 371 5,9 Lunda 486 4,5 Telefonplan 67 4,2 Ulvsunda Norra station-norrtull Hornsberg City Alvik Värtan E2 Älvsjö centrum 412 3,5 Sätra 443 3,2 Skarpnäck 31 2,7 Bromsten 662 2,4 Årsta partihandel 169 2,3 Farsta 147 1,5 Sätra E4 Örnsberg Telefonplan Liljeholmen Västberga Årsta partihandel Älvsjö Årsta park Hammarby sjöstad Globen Slakthusområdet Älvsjö-Hagsätra 289 2,2 Årsta park 167 1,9 E2 Älvsjö-Hagsätra Skarpnäck Högdalen 325 1,8 Högdalen Vinsta 229 1,6 Örnsberg 215 1,5 Skrubba 98 9 Figure 1. Business areas in the City of Stockholm Farsta Skrubba * Estimated numbers Source: Sweco 22 Facts about business in Stockholm 212

International commerce Stockholm s industrial and commercial life has a strong international character with substantial foreign trade and operations abroad. Almost 6% of the number of employees in Stockholm County work in companies carrying on some form of international trade. With almost 14,7 foreign-owned companies, the companies in Stockholm County account for more than 75% of Sweden s foreign-owned companies. Diagram 7. The number of employees in companies engaged in international trade in Stockholm County, 25 21 5, Diagram 6. Geographic distribution of the number of foreign-owned companies in Stockholm County, 21 Not indicated, 1.3% The rest of the world, 3.3% 45, 4, 35, 3, Asia, 9.6% North America, 8.6% Others Europe, 6.2% Nordic countries, 26.7% 25, 2, 15, 1, 5, EU (excl. Nordic countries), 44.3% 25 26 27 28 29 21 24 Facts about business in Stockholm 212 Facts about business in Stockholm 212 25

Diagram 9. The number of employees in foreign-owned companies in Stockholm County according to country, selected years 4, 2 28 21 Foreign ownership 35, 3, 25, The number of foreign-owned companies has increased significantly in Stockholm through not only new establishments but also acquisitions. The number of foreign-owned companies in Stockholm County has increased from fewer than 1,9 companies in 1998 to almost 11,8 companies in 21. At the same time, the number of employees in foreign-owned companies has increased from 75, to 28,. The majority are employed in companies with owners from Great Britain, the USA and Norway. The foreignowned companies make up 5% of the companies in Stockholm County, but account for more than 28% of employment in the private sector 2, 15, 1, 5, Great Britain USA Norway Denmark France Finland Germany Luxembourg The Netherlands Switzerland Other Table 6. The number of companies and employees with foreign owners according to industry, 21 Diagram 8. The number of employees in foreign-owned companies in Stockholm County, 1998 21 25, 2, 15, 1, 5, Stockholm County Foreign-owned companies Stockholm Region Sweden Employees in foreign-owned companies Stockholm County Stockholm Region Sweden Manufacturing 1,428 1,697 3,235 32,428 68,967 232,651 Construction 1,5 1,45 1,335 5,91 9,569 25,986 Commerce 3,489 3,757 5,584 45,238 58,674 122,881 Health and social care 122 135 2 15,538 19,779 37,589 Education, R&D. 122 144 22 2,278 3,186 8,787 Transports 41 421 721 23,173 25,699 52,577 Telecommunications 66 66 87 3,871 4,68 6,759 Finance 442 457 562 1,771 11,284 16,751 Business consultants 1,944 2,74 3,22 33,443 37,149 7,878 Other corporate services 1,972 2,162 3,629 24,89 32,632 63,554 Hotels and restaurants 444 473 827 1,959 12,813 23,94 Övrigt 354 37 5 152 154 173 1998 2 24 25 26 27 28 29 21 Total (foreign-owned companies) 11,789 12,81 19,922 27,85 283,974 662,526 All companies 238,938 364,33 978,66 741,14 1,72,497 2,65,744 26 Facts about business in Stockholm 212 Facts about business in Stockholm 212 27

Workforce and population Facts about business in Stockholm 212 29

Diagram 11. Number of recently listed positions with the Public Employment Service and the number of persons given notice in Stockholm County, 25 211 Source: The Labor Exchange Newly reported positions 3, Number of persons given notice 25, Labor market 2, 15, The Stockholm Region is Sweden s largest labor market with a large supply of both manpower and companies. With 1.9 million people making up the workforce, companies will have good opportunity to find the right employees. During the period from 26-211, the number of people employed in Stockholm County has increased each year and altogether more than 1,. During this period, Stockholm County has been responsible for 57% of Sweden s growth in the number of employed citizens. Open unemployment relative to the workforce has increased in Stockholm County after the second half of 28, culminating during 21 and subsequently decreasing during 211. During this period, the supply of labor has increased four times the number of openly unemployed. During the 4th quarter of 211, unemployment in the county amounted to 3.6%. 1, 5, 5, 25 26 27 28 29 21 211 Diagram 1. The number of employed citizens, 25 211 (Index 1 = 25 Q2) Diagram 12. Percentage (%) of openly unemployed relative to the workforce, 25 211 Source: The Labor Exchange and Statistics Sweden 12 Sweden The Stockholm Region Stockholm County City of Stockholm 6 Sweden The Stockholm Region Stockholm County City of Stockholm 115 5 4 11 3 15 2 1 1 95 25 26 27 28 29 21 211 25 26 27 28 29 21 211 3 Facts about business in Stockholm 212 Facts about business in Stockholm 212 31

Education Access to a well-educated workforce is a necessary prerequisite for the international competitiveness of industrial and commercial life. Stockholm has been developed to one of the most knowledge-intensive economies in the world. The Stockholm Region is also Sweden s largest university and higher education region with prominent research and education within several fields. Diagram 14. The number of full-time students in the Stockholm Region and Stockholm County, 25 21 Source: The National Agency for Higher Education 14, Stockholm Region Stockholm County Diagram 13. Percentage of population (2 64 years) with post-secondary education, 21 Post-secondary education (<3 years) Post-secondary education at least 3 years Sweden 12, 1, 8, Stockholm Region 6, Stockholm County 4, 2, City of Stockholm 1 2 3 4 5 6 Percent 25 26 27 28 29 21 32 Facts about business in Stockholm 212 Facts about business in Stockholm 212 33

Population The Stockholm Region is by far the largest region with 3.5 million inhabitants or 37% of the Swedish population. With 44, additional inhabitants, the Stockholm Region accounted for 66% of the total population increase in Sweden during 211. Of these, Stockholm County accounted for Diagram 15. Population development from 21 211 (index 1 = 21) 115 11 15 1 Sweden 37,, of which almost half resided in the City of Stockholm. In the past ten years, the number of inhabitants has increased by 312, in the Stockholm Region corresponding to a new Malmö with regard to the number of inhabitants. Stockholm Region Stockholm County City of Stockholm Table 7. The number of inhabitants in Stockholm by municipality, 211 Change from 21 Change from 21 211 abs % abs % Botkyrka 84,677 2,69 2.5 1,526 14.2 Danderyd 31,799 469 1.5 2,167 7.3 Ekerö 25,767 357 1.4 3,141 13.9 Haninge 78,326 1,272 1.7 7,894 11.2 Huddinge 99,49 1,596 1.6 13,349 15.6 Järfälla 67,32 1,19 1.7 6,188 1.1 Lidingö 44,81 64.1 3,186 7.8 Nacka 91,616 1,58 1.7 15,875 21. Norrtälje 56,245 165.3 2,959 5.6 Nykvarn 9,331. 1,241 15.3 Salem 15,694 33 2. 1,855 13.4 Sigtuna 41,329 1,339 3.3 5,811 16.4 Sollentuna 65,891 1,261 2. 7,625 13.1 Solna 69,946 1,82 2.6 12,993 22.8 Stockholm 864,324 17,251 2. 19,376 14.5 Sundbyberg 39,539 96 2.3 5,572 16.4 Södertälje 87,685 1,439 1.7 8,891 11.3 Tyresö 43,328 381.9 3,894 9.9 Täby 64,558 769 1.2 4,329 7.2 Upplands Väsby 4,194 95 2.3 2,67 7.1 Upplands-Bro 23,984 38 1.3 2,98 13.8 Vallentuna 3,715 61 2. 5,72 19.8 Vaxholm 11,141 176 1.6 1,671 17.6 Värmdö 38,894 593 1.5 6,798 21.2 Österåker 39,792 271.7 4,684 13.3 Stockholm County 2,91,473 37,13 1.8 252,591 13.7 95 Stockholm Region 3,514,625 44,168 1.3 312,631 9.8 21 22 23 24 25 26 27 28 29 21 211 Sweden 9,482,855 67,285.7 573,727 6.4 34 Facts about business in Stockholm 212 Facts about business in Stockholm 212 35

Infrastructure Facts about business in Stockholm 212 37

Communications The Stockholm Region has well developed communications with five airports, ferry connections to a number of countries around the Baltic Sea, express trains to the major cities in Sweden and a well-developed regional and local transport system. The number of air passengers at Stockholm s airports increased by 11% during 211 to a new record level of 24.1 million passengers. During the past 1 years, the number of air passengers has increased by 22% in Stockholm. The greatest increase has been in passengers from outside Europe, but the greatest volume is from European cities. Stockholm-Arlanda Airport accounts for 8% of the air passengers of the Stockholm Region s five airports. The number of ferry passengers at Ports of Stockholm increased during 211 to a record high of 12. million. In the past 1-year period, ferry passengers in Stockholm have increased by 26%. Most passengers come from Finland, but ferries from the Baltic countries together with cruise passengers have been responsible for the greatest increase. Diagram 16. Arriving and departing air passengers, 2 211 (in thousands) Airports in the Stockholm Region (Stockholm Arlanda, Stockholm Bromma, Stockholm Skavsta, Stockholm Västerås and Örebro Airport) Source: The Swedish Civil Aviation Administration and the Civil Aviation Authority 25, Sweden Europe The rest of the world Diagram 17. Arriving and departing ferry passengers, 25 211 (in thousands) Ports of Stockholm (Stockholm, Kapellskär and Nynäshamn) Source: The Ports of Stockholm 12, Finland The Baltic states Poland Russia Gotland Cruises* 2, 1, 15, 8, 6, 1, 4, 5, 2, 2 21 22 23 24 25 26 27 28 29 21 211 25 26 27 28 29 21 211 * cruise passengers are only counted once/arrival but when there is a so-called turnaround, both arriving/departing passengers are counted. 38 Facts about business in Stockholm 212 Facts about business in Stockholm 212 39

Commercial properties Access to premises is an important prerequisite for the industrial and commercial industries. Stockholm offers good availability of different types of facilities in different locations. Generally speaking, vacancies increased after 28 only to decrease during 211. Most vacant office premises can be found in attractive local suburban area locations where the rents are lower compared to the inner city. Diagram 18. Vacancy levels (%) for office space in Stockholm, 27 211 Source: Newsec 2 15 1 5 Central Business District (CBD) The Inner City* Kista Prime Solna** Attractive local suburban area locations 27 28 29 21 211 * Attractive locations in the Inner City outside the CBD: Fridhemsplan, Norra Station, Östermalm outside the CBD, Medborgarplatsen etc ** Modern and attractive locations in Solna, i.e. Haga, Järva, Frösunda and Solna Business Park Table 8. Market rent levels in Stockholm, 27 211* Source: Newsec Offices 27 28 29 21 211p Central Business District (CBD) 4,2 4,3 3,7 3,9 4,45 The Inner City* 2,4 2,45 2,3 2,5 2,7 Kista 1,75 1,7 1,6 1,7 1,75 Prime Solna** 2,1 2,1 2, 2,1 2,15 Attractive local suburban area locations 1,95 1,95 1,8 1,85 1,9 Commerce City Galleries (CBD) 7,1 7,2 7, 7,2 7,45 Inner City Galleries (excl. CBD) 4, 4,1 4, 4,1 4,25 Local Municipal Center (Stockholm County) 2,4 2,5 2,4 2,4 2,45 Logistics Stockholm category A 75 77 77 79 81 Stockholm category B 6 62 62 63 64 * The market rent level refers to the most probable rent level that is obtained with a new rental agreement is signed. For offices and logistics, top rents can be 15 25% higher that the specified market rent. For commerce, the rent range is significantly greater and top rents can be twice as high as the specified market rents. ** Attractive locations in the Inner City outside the CBD: Fridhemsplan, Norra Station, Östermalm outside the CBD, Medborgarplatsen etc. *** Modern and attractive locations in Solna, i.e. Haga, Järva, Frösunda and Solna Business Park. p = prognosis 4 Facts about business in Stockholm 212 Facts about business in Stockholm 212 41

Residences The Stockholm Region contains 37% of the total housing stock in Sweden. The majority or 962, residences are found in Stockholm County, of which just under half are in the City of Stockholm. During the past ten-year period, the housing stock increased by almost 1, Diagram 19. Number of apartment projects started in Stockholm, 2, 25 and 21 14, 12, 1, 8, 6, in Stockholm County, where Nacka, Solna and Värmdö have accounted for the largest increases in volume after the City of Stockholm. During 21, the number of apartment projects that were started in Stockholm took an upward turn and the level was above the average for the 21st century. Stockholm Region Stockholm County City of Stockholm Table 9. Housing stock in Stockholm, 21 Municipality Housing stock 21 Change in housing stock 2 21 Number Percent Botkyrka 32,813 2,885 1% Danderyd 12,277 42 % Ekerö 9,572 1,637 21% Haninge 33,175 3,631 12% Huddinge 39,988 4,24 12% Järfälla 28,529 2,96 8% Lidingö 19,437 492 3% Nacka 37,326 6,653 22% Norrtälje 27,34 3,827 16% Nykvarn 3,553 743 26% Salem 6,11 644 12% Sollentuna 25,567 1,346 6% Solna 36,95 6,246 2% Stockholm 442,615 37,859 9% Sundbyberg 19,378 1,76 6% Södertälje 38,821 2,418 7% Tyresö 17,353 2,99 14% Täby 26,116 1,57 6% Upplands Väsby 17,378 959 6% Upplands-Bro 1,82 1,547 18% Vallentuna 11,782 2,4 21% Vaxholm 4,542 822 22% Värmdö 16,11 4,867 44% Österåker 16,19 3,69 24% 4, 2, 2 25 21 Stockholm County 961,732 96,3 11% Stockholm Region 1,654,462 124,692 8% Sweden 4,58,373 214,729 5% 42 Facts about business in Stockholm 212 Facts about business in Stockholm 212 43

About the statistics Sources The Labor Exchange The Swedish Companies Registration Office Eurostat The National Agency for Higher Education The Swedish Civil Aviation Administration and the Civil Aviation Authority Newsec OECD Statistics Sweden (SCB) The Ports of Stockholm Sweco Euro futures Diagram and list of tables Page Diagram, table 1 Diagram 1. Growth in GDP (%) compared to previous year in selected countries, 21 11 Diagram 2. Development in productivity (%) in selected countries, 21-28 12 Table 1. Gross regional product per capita (adjusted according to purchasing power) relative to EU27, 28 13 Diagram 3. Gross regional product, GRP, SEK billions, 28 Table 2. Gross regional product, SEK millions, per industry in Stockholm County, 28 16 Diagram 4. The number of newly registered businesses and company bankruptcies in Stockholm County, 21-211 17 Diagram 5. The number of newly registered businesses per 1, inhabitants, 211 18 Table 3. The number of companies and employees arranged according to size of company (number of employees) in Stockholm, 21 19 Table 4. The number of companies and employees arranged according to industry in Stockholm, 21 22 Table 5. The number of work places and employees* in business areas in the City of Stockholm, 21 24 Diagram 6. Geographic distribution of the number of foreignowned companies in Stockholm County, 21 25 Diagram 7. The number of employees in companies engaged in international trade in Stockholm County, 25-21 26 Diagram 8. The number of employees in foreign-owned companies in Stockholm County, 1998-21 27 Diagram 9. The number of employees in foreign-owned companies in Stockholm County according to country, selected years Table 6. The number of companies and employees with foreign owners according to industry, 21 3 Diagram 1. The number of employed inhabitants, 25-211 31 Diagram 11. Number of recently listed positions with the Public Employment Service and number of persons given notice in Stockholm County, 25-211 Diagram 12. Percentage (%) of openly unemployed relative to the workforce, 25-211 32 Diagram 13. Percentage of population (2-64 years) with postsecondary education, 21 33 Diagram 14. The number of full-time students in the Stockholm Region and Stockholm County, 25-21 34 Diagram 15. Population development from 21-211 35 Table 7. The number of inhabitants in Stockholm by municipality, 211 38 Diagram 16. Arriving and departing air passengers, 2-211 39 Diagram 17. Arriving and departing ferry passengers, 25-211 4 Diagram 18. Vacancy levels (%) for office space in Stockholm, 27-211 41 Table 8. Market rent levels in Stockholm, 27-211* 42 Diagram 19. Number of apartment projects started in Stockholm, 2, 25 and 21 43 Table 9. Housing stock in Stockholm, 21 Diagram and list of maps Page Figure/Map 23 Figure 1. Business areas in the City of Stockholm 44 Facts about business in Stockholm 212 Facts about business in Stockholm 212 45

Photographs ABB, p. 2. Fortum Sverige, p. 2. Henrik Trygg, p. 28. Karl Gabor, p. 22. Nicho Södling, pp. 17, 19, 21, 21, 33, back. Jens Assur, cover. Jeppe Wikström, pp. 7, 8, 14, 36. Jonathan Lundqvist, p. 39. Shutterstock, pp. 11, 13. Staffan Eliasson, p. 21. SVB, back. Tord-Rikard Söderström, pp. 41, 43. Yanan Li, pp. 5, 2, 2, 21, 24, 25, 46. Facts about business in Stockholm 212 47

Stockholm The Capital of Scandinavia There are many reasons why Stockholm is the natural Capital of Scandinavia. One is that Stockholm is positioned at the heart of the region, and enjoys the benefits of a world-class transport infrastructure. Another is that Stockholm is the largest city in the largest country in Scandinavia. It is also where you find the most multinational companies, the largest stock market and, not least, the most visitors. People come to Stockholm for the food, the design and the music. Stockholm also offers a unique range of galleries and museums, and every year the eyes of the world are on Stockholm when the Nobel Prizes are awarded. Welcome to Stockholm The Capital of Scandinavia. Stockholm Business Region Development P.O. Box 16282 SE-13 25 Stockholm, Sweden Ph +46 8 58 28 info.sbrd@stockholm.se www.stockholmbusinessregion.se www.investstockholm.com