Trade and Industry
In Sweden there are several global companies, such as Ericsson, Volvo, SKF, Electrolux and IKEA. However in both Sweden and Denmark most companies are small or medium-sized. Over the last few decades, productivity growth has generally been higher in Sweden than Denmark.
- The Öresund Region is a hub for high-tech companies and research organisations. The sectors that are especially strong here are pharmaceuticals/biotechnology, IT/telecommunications, food, environment, logistics and design. In these areas, the Öresund Region is at the forefront in Europe, thanks to its strong focus on education and research.
- The region is home to a workforce of 1.8 million people, making it the largest recruitment base in Scandinavia. The typical inhabitant is highly educated, 33 % of the working population having completed a higher education course. Furthermore, companies located in the Region will have instant access to a multilingual workforce, with two Scandinavian languages and a high level of fluency in other languages, particularly English.
- Whilst enjoying a strategic location, with proximity to a whole range of markets, the Öresund Region also makes for an attractive market in itself. Its consumer base is made up of two of the strongest consumer nations in Europe, and has plenty of purchasing power.
- There are many different operators in IT and telecommunications. In 2010, a total of 70 % of companies with 10 or more employees had a mobile internet connection in Sweden. Electricity prices per kWh are twice as expensive in Denmark as in Sweden, due to fees and taxes.
- The labour market in the region is integrated with the opportunity of attracting workers from the other side of the strait, including specific tax regulations. Total payroll costs are lower in Sweden than in Denmark. Job security and social insurance are combined with flexibility.
- Expected population growth of 200,000 by 2020 and increased workforce range, due to a young population in Malmö.