Business Region Göteborg
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1 Business Region Göteborg
2 The Swedish economy grows, yet at a slower pace GDP GROWTH OF SWEDEN IN PERCENT UP UNTIL THE SECOND QUARTER CHANGE COMPARED TO THE SAME QUARTER PREVIOUS YEAR 8% 6% 4% 2% 2.5% -2% -4% -6% GDP growth Average % 2018 quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter quarter 2 Source: Statistics Sweden
3 Countries in close proximity and China balance up the car exports REAL SWEDISH EXPORTS (IN MSEK) OF PASSENGER CARS TO GOTHENBURG REGION S 5 MOST IMPORTANT DESTINATIONS, QUARTER 2 FROM USA Norway China Finland Denmark Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter 2 Source: Statistics Sweden
4 Wage sum of private sector continues to grow strongly REAL GROWTH IN WAGE SUMS FROM THE PRIVATE SECTOR - CHANGE COMPARED TO THE SAME QUARTER PREVIOUS YEAR 8% 6% 6.9% 5.4% 4% 2% -2% Gothenburg region Sweden -4% 2018 Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter 2 Source: Statistics Sweden
5 Job growth gains momentum EMPLOYMENT INDICATOR - PERCENTAGE CHANGE IN NUMBER OF EMPLOYED ON ANNUAL BASIS 5% 4% 3% 2% 1% 2.2% 1.7% -1% -2% -3% Gothenburg region Sweden -4% 2018 Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter 2 Source: Statistics Sweden
6 A majority of the unemployed is foreign-born UNEMPLOYED AND PEOPLE IN LABOUR MARKET POLICY PROGRAMMES - PERCENTAGE OF THE REGISTERED WORK FORCE AGED 16 TO 64 12% 1 9.8% 8% 6% 7.2% 6.9% % 4% 2% Malmö region Sweden excl. metro regions Sweden Stockholm region Gothenburg region Source: Swedish Public Employment Service and Statistics Sweden
7 Low unemployment among domestically born UNEMPLOYED AND PEOPLE IN LABOUR MARKET POLICY PROGRAMMES - PERCENTAGE OF THE REGISTERED WORK FORCE, DOMESTICALLY BORN AGED AND % 16% 14% 12% Sweden - in ages Gothenburg region - in ages Sweden - in ages Gothenburg region - in ages % 6% 5.8% 4% 2% 3.7% 2.8% Source: Swedish Public Employment Service and Statistics Sweden
8 however unemployment remains high among foreign-born UNEMPLOYED AND PEOPLE IN LABOUR MARKET POLICY PROGRAMMES - PERCENTAGE OF THE REGISTERED WORK FORCE, FOREIGN-BORN AGED AND % 4 35% % 25% % 20.1% 15% Sweden - in ages % 1 Gothenburg region - in ages % Sweden - in ages Gothenburg region - in ages Source: Source: Swedish Public Employment Service and Statistics Sweden
9 The vacancy rate continues to be at low level VACANCY RATE FOR THE OFFICE MARKET IN GOTHENBURG 2 18% Central Business District 16% 14% 12% Rest of Inner City Norra Älvstranden Gothenburg total 1 8% 6% 4% 2% 4.2% 3.4% 3.1% 0.6% 2018 Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter 2 Source: JLL
10 Population grows strongly POPLUATION GROWTH PER QUARTER IN THE GOTHENBURG REGION Quarter 4 Quarter 3 Quarter 2 Quarter Source: Statistics Sweden
11 High production and falling housing prices GROWTH OF DWELLING STARTS IN NEWLY CONSTRUCTED BUILDINGS IN METRO- POLITAN REGIONS - CHANGE COMPARED TO THE SAME QUARTER PREVIOUS YEAR Gothenburg region Malmö region Stockholm region % 19% -5-45% Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter 2 Source: Statistics Sweden
12 TABLE SUMMARISING THE ECONOMIC SITUATION IN THE GOTHENBURG REGION COMPARISON WITH CORRESPONDING PERIOD THE PREVIOUS YEAR INDICATOR CHANGE People in employment, quarter 2 542, , % Total wage sum (real SEK billion), quarter % Private sector wage sum (real SEK billion), quarter % Unemployment years, August 5.6% 5.7% -0.1%-points Unemployment among domestically born years, August 2.8% %-points Unemployment among foreign-born years, August 15.9% 16.5% -0.6%-points Unemployment years, August 6.1% 6.8% -0.7%-points Unemployment among domestically born years, August 3.7% 4.4% -0.7%-points Unemployment among foreign-born years, August 22.6% 25.1% -2.5%-points Vacancy rate for office space in Gothenburg, quarter 2 4.2% 5.8% -1.6%-points Population, quarter 2 1,020,413 1,004, % New car registrations, quarter 2 18,032 12, % Air passengers, quarter 2 (monthly average) 607, , % Guest nights, quarter 2 (monthly average) 408, , % Source: Statistics Sweden, Swedish Public Employment Service, JLL, The Swedish Transport Agency and The Swedish Agency for Economic and Regional Growth
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