business in north norway
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Business in North Norway
Erlend BullvågBodoe Graduate School of Business
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Geography
• North Norway covers 107000 square km of Norway, 38% of mainland territory
• Holds 9,6% of the population, 465621 persons • Density, 4,3 persons per square kilometer• 3 Counties, Nordland, Troms and Finnmark• 80% North of the Arctic circle• Employment, 228381 persons,
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Population
Net population change: 2000-2010, + 1293, 0,33 % of growth in Norway.Emloyment 228381, Jobb loss in 09, 1660 persons
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Change in type of employment 2000-2011 the case of Nordland
Fishery, aguacult and farmingIndustrial production, mineralsRetail, turism and transportProfessional servicesCare and personal servicesNordlandNorway
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Large geograpical area , 72 %
live in towns and
28% in rural areas
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Population migration patterns
Net migration balance
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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.
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North Norway and the financial crisis
Positive values,= growing production, negative declining production
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Global crisis and investments in North Norway
Positive values,= growing investments, negative declining investments
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Relative size of private sector per county in North Norway
Finance and insurance excluded.
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Turnover growth per region. Index (Year 2000 = 100)
Finance and insurance excluded.
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Turnover in Nok per sector and County (years 06,07, and 08)
Finance and insurance excluded.
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Turnover per sector North Norway
Finance and insurance excluded.
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Turnover distribution across main sectors North Norway
Finance and insurance excluded.
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Turnover growth per sector in Nordland CountyIndex, 2000 = 100%
Finance and insurance excluded.
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Turnover per sector in Nordland County
Finance and insurance excluded.
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Healthy region• Large energy potenial• International driven growth• Resource driven growth• Population stable, while growing elsewhere in Norway• Paradox high turnover growth, no employment gorwth in
private sector• Reason 1 – Growth in professional services takes place
outside the region, not in the region• Reason 2: Immensely productive production and fishing
industry