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Business in north norway


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Business in north norway

  1. 1. Business in North Norway Erlend Bullvåg Bodoe Graduate School of Business
  2. 2. Geography <ul><li>North Norway covers 107000 square km of Norway, 38% of mainland territory </li></ul><ul><li>Holds 9,6% of the population, 465621 persons </li></ul><ul><li>Density, 4,3 persons per square kilometer </li></ul><ul><li>3 Counties, Nordland, Troms and Finnmark </li></ul><ul><li>80% North of the Arctic circle </li></ul><ul><li>Employment, 228381 persons, </li></ul>
  3. 3. Population Net population change: 2000-2010, + 1293, 0,33 % of growth in Norway. Emloyment 228381, Jobb loss in 09, 1660 persons
  4. 4. Change in type of employment 2000-2011 the case of Nordland Fishery, aguacult and farming Industrial production, minerals Retail, turism and transport Professional services Care and personal services Nordland Norway
  5. 5. Large geograpical area , 72 % live in towns and 28% in rural areas
  6. 6. Population migration patterns Net migration balance
  7. 7. Growth in turnover among North Norwegian private sector companies in (Index =2000=100) Sum turnover for North Norway in 2010 is approximately 224 billion Kroner, Finance and insurance excluded.
  8. 8. North Norway and the financial crisis Positive values,= growing production, negative declining production
  9. 9. Global crisis and investments in North Norway Positive values,= growing investments, negative declining investments
  10. 10. Relative size of private sector per county in North Norway Finance and insurance excluded.
  11. 11. Turnover growth per region. Index (Year 2000 = 100) Finance and insurance excluded.
  12. 12. Turnover in Nok per sector and County (years 06,07, and 08) Finance and insurance excluded.
  13. 13. Turnover per sector North Norway Finance and insurance excluded.
  14. 14. Turnover distribution across main sectors North Norway Finance and insurance excluded.
  15. 15. Turnover growth per sector in Nordland County Index, 2000 = 100% Finance and insurance excluded.
  16. 16. Turnover per sector in Nordland County Finance and insurance excluded.
  17. 17. Healthy region <ul><li>Large energy potenial </li></ul><ul><li>International driven growth </li></ul><ul><li>Resource driven growth </li></ul><ul><li>Population stable, while growing elsewhere in Norway </li></ul><ul><li>Paradox high turnover growth, no employment gorwth in private sector </li></ul><ul><li>Reason 1 – Growth in professional services takes place outside the region, not in the region </li></ul><ul><li>Reason 2: Immensely productive production and fishing industry </li></ul>