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Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

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Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

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Stockholm economy hits three-year-high

While the Swedish economy as a whole is starting to grow at a decent pace, Stockholm's rate of growth is accelerating. During the third quarter of 2013, the capital's private sector growth rate reached the highest level since 2010, according to the latest Stockholm economy report released by Stockholm Business Region.

“Stockholm continues to perform well with strong sales growth," said the organization’s chief executive officer, Olof Zetterberg. "It is particularly pleasing that employment is rising while the number of bankruptcies are hitting their lowest point in several years."

Sales in the private sector increased during the third quarter by 4 percent in Stockholm County and 10 percent in the city, compared to the preceding quarter. The figure was 3 percent in the rest of Sweden.

The rate of employment and the number of available jobs increased across the county by 2.2% and by 4.7% in the city. Those figures are significantly higher than the figure of 0.7 percent for the country as a whole, mainly due to the high rate of immigration to the Stockholm region.

During the quarter, construction of 1,991 apartments began, 1,154 of which are in the City of Stockholm. That corresponds to an increase of almost 30 percent in both the city and the county compared with the same quarter last year, while the national rate of growth is 5 percent.

Sweden - which relies on exports for half its economic output - is recovering as Europe and the U.S. emerge from their crises. The country's GDP will expand 2.8 percent this year, compared with 1.1 percent in the euro area, the EU commission estimates.

Prime Minister Fredrik Reinfeldt recently told Bloomberg that Sweden’s economy will not need any more government help and predicted that the recovery has become self-sustaining. “Optimism is spreading, for example in the services sector,” he said.


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This article was sponsored by Stockholm Business Region.

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Last Updated (Friday, 14 February 2014 02:31)


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