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Gothenburg is the second-largest city in Sweden, located in a highly strategic part of Scandinavia, as global trade and shipping are significant factors behind the city's economic growth. To strengthen the region's competitiveness, Gothenburg adopted The Development Planning Strategy 2035, approved by the Planning and Building Committee of Gothenburg. Herewith, Gothenburg continues to improve public transport services, promote urban development and further invest in green energy.
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In 2016 Gothenburg's saw a premium in labour productivity (or GVA per employee) 18% higher than the average for the rest of Sweden. Gothenburg gains its economic strength from high gross-value added sectors of business services (28% of GVA) and manufacturing (21% of GVA), having combined the largest share of employment (56% of total city employment) in 2016.
Income per household was 9% above the rest of the country's average in Gothenburg as of 2016, mainly as a result of greater labour productivity.
Due to higher income, Gothenburg's consumers spends more: consumer expenditure per household in Gothenburg exceeded the rest of Sweden's average by 6% as of 2016. In addition, consumers in Gothenburg also allocate a greater share of their spending to discretionary activities, such as hotels and restaurants (6% of total spending in 2016) and leisure and recreation (11%).
Expenditure on housing and transport per household was almost 6% higher in Gothenburg in comparison with the rest of Sweden in 2016. As Gothenburg has been growing rapidly, the overall housing shortage appears to be looming large. Meanwhile, a range of public transport options offers easy access by tram, bus and ferry within the Gothenburg area.
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