Stockholm Chamber of Commerce - Facts about Stockholm

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Facts about Stockholm

14 facts about Stockholm and Stockholm Chamber of Commerce

• The Stockholm Capital Region operates from a position of global strength. The region's focus on core economic assets — an educated and advanced workforce, highly innovative multinational companies and universities, and modern infrastructure — has positioned it as one of the world's most productive metropolitan economies.

• The Capital Region houses 2.5 million residents, just over one-quarter of Sweden's population, and generates over 30 percent of national economic output.

• The region's innovation ecosystem — its collection of technical talent, firms, universities, research institutes, and industry intermediaries — outperforms metropolitan peers (Austin, Zurich, San Diego, Seattle, Portland, Munich, Copenhagen, Pittsburgh) on metrics of both commercial inventions and university-industry scientific collaborations.

• The Stockholm Capital Region benefits from an incredibly well-educated labour pool. Of the population aged 15 and over, 42 percent have obtained at least a post-secondary education, the second highest among peer metro areas.

• The Stockholm Capital Region's global infrastructure connections — including freight, aviation, and broadband systems — are world-class. Firms and workers benefit from some of the best external infrastructure connectivity in the world. Broadband speeds are among the world's fastest. Sweden's efficient freight and logistics systems offer cost-effective trade routes for local firms.

• Stockholm is among the 25 largest export economies worldwide.

• Patenting activity concentrates in technology intensive clusters where Stockholm enjoys comparative advantages. Three-quarters of inventions between 2008 and 2012 concentrated in just three industries: information technology (49 percent), life sciences (14 percent), and advanced manufacturing (13 percent). Within these sectors, digital communication, telecommunications, medical technology, and computer technology accounted for almost half of all patenting activity.

• Stockholm is one of the most successful entrepreneurial environments in Europe, receiving $2.5 billion in venture capital investments since 2005.

• Stockholm's labour pool has acquired excellent technical skills, which are a critical input to maintain the region's innovation. According to the OECD, about one-third of employees with tertiary education in Stockholm County are trained in a science and technology field.

• Stockholm is home to 23 of Forbes' 2000 leading companies.

• Stockholm is a unicorn factory. After Silicon Valley, the Swedish capital produces the highest number of so-called "unicorns" per capita than any other global city. Stockholm has produced prolific global brands like Skype, Spotify, Minecraft (Mojang) and Candy Crush Saga (King).

• The Stockholm fin tech hub is attracting the most capital in Europe after London. Fin tech companies in Stockholm employ 5800 people and the overall turnover is 14 billion SEK. Stockholm fin tech companies attracted 266 million USD in investments 2014 alone. The total investments have been 658.5 million USD in the last five years.

• Computer programmer is the single most common profession in Stockholm.

• One out of ten (approx. 700 million people) has played a computer game created in Stockholm.

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