A new report compiled by WSP Advisory shows how important shipping is for Stockholm’s regional growth. Ports of Stockholm’s business operations create 24,000 job opportunities, generating EUR 2.95 billion in Gross Regional Product (GRP) and EUR 290 million in municipal tax revenue.
WSP Advisory has compiled a new report that shows key Stockholm region figures for the shipping sector and how great a regional economic importance Ports of Stockholm’s business operations have.
“The figures in the report are unambiguous. The shipping sector in Stockholm plays an important role in the growth of the region by providing a sustainable supply of goods and in the creation of a blossoming tourist industry,” explains Joakim Larsson, City Planning Commissioner.
According to the report, Ports of Stockholm’s business operations generate 24,000 job opportunities. This number of jobs equates to 1.9 percent of the total labour market in the entire Stockholm region.
The results also show the contribution generated by Ports of Stockholm to the GRP figures is EUR 2.95 billion. This equates to 1.8 percent of Stockholm region’s total GRP for 2019.
“We have known for a long time that Ports of Stockholm is one of the world’s largest passenger ports and one of Sweden’s largest freight ports in a normal year. It is reassuring to also now have figures showing the regional economic importance. Our ports are extremely important for the region, and now we have proof of this in black and white,” Joakim Larsson continues.
The employment that Ports of Stockholm’s operations generate also contributes to tax revenue through municipal taxes. This municipal tax revenue is calculated to be EUR 290 million. This equates to 1.6 percent of the total municipal tax revenue in Stockholm County in 2019.