Structural Business Statistics 2017 (preliminary data)
Positive development in the business sector 2017
Statistical news from Statistics Sweden 2018-12-12 9.30
The business sector continued its positive development in 2017. Preliminary data shows that enterprises’ contribution to GDP increased by 7 percent compared with 2016. Net turnover in the manufacture of basic metals increased by 16 percent due to continued strong demand.
The business sector continued to develop positively in 2017. According to preliminary data, net turnover increased by 7 percent, to SEK 8 574 billion, and value added increased by 7 percent, to SEK 2 550 billion. Approximately 2 858 000 persons were employed in the business sector in 2017, which is an increase of 1 percent compared with 2016.
Industrial sector – the engine of the Swedish business sector
The industrial sector accounted for 22 percent of value added in the business sector in 2017. Manufacturers’ contribution to GDP increased by 7 percent in 2017, while the contribution to GDP among enterprises in the services sector increased by 6 percent compared with 2016.
Net turnover in the manufacture of basic metals increased by 16 percent due to continued strong demand. Metal exports increased by 17 percent between 2016 and 2017.
Net turnover in the construction industry increased by 11 percent in 2017 compared with 2016. The number of employees in the construction industry increased by 6 percent, which employed approximately 325 000 persons in 2017.
Break in positive trend for social work establishments without accommodation
In total, approximately 1 929 000 persons were employed in the services sector in 2017, which is a slight increase of 1 percent. Enterprises in social work establishments without accommodation have grown steadily for a number of years. However, this changed in 2017, when the number of employees decreased by 9 percent, and amounted to approximately 67 000 persons. Net turnover in this industry decreased by 3 percent and amounted to SEK 37 billion in 2017.
Structural Business Statistics is the only survey based on annual accounts from all non-financial enterprises in Sweden. Data is also presented by industry (according to NACE Rev.2) in the databases.
Definitions and explanations
All information is reported in current prices. All comparisons in this statistical news have been made with final data for 2016.
Net turnover: Net turnover excluding excise taxes and merchanting.
Employees: Average number of employees, full-time: Two half-time employees are counted as one full-time employee.
Value added: Actual production minus costs for purchased goods and services, except salaries, payroll taxes and the costs of goods for resale (because only the trade margin for these is included in the production value).
Business sector: Enterprises conducting business activities in Sweden regardless of legal form. Businesses with financial activities and housing cooperatives are not included in the Structural Business Statistics. Public administration activities are not included either.
Industrial sector comprises NACE 05–33 according to NACE Rev2.
Construction sector comprises NACE 41–43 according to NACE Rev2.
Services sector comprises NACE 45–96 (excl. 64–66 and 84) according to NACE Rev2.
Other sector comprises NACE 01–04 and 35–39 according to NACE Rev2.
Next publishing will be
May 2019.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.