Oslo City Review
Cities
About This Report
Nov 2017Despite the nation's oil riches being located outside the Norwegian capital, Oslo still stands as one of the globally leading cities in terms wealth. With the economy driven by 76,400 enterprises, Oslo's GDP per capita reached USD94,600 in 2016: 25% higher than Stockholm's and 37% higher than Copenhagen's. However, unemployment has been growing steadily in Oslo, as the global oil price plunge has left the industry's companies reducing their administrative labour force in the capital.
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Oslo City Review
OSLO HIGHLIGHTS
In 2016, Oslo's labour productivity (GVA per employee) reached USD155,400 - 39% higher than that of the rest of the country. The difference stems from Oslo's focus on business services (which generated 37% of the total GVA in Oslo versus 14% in the rest of the country in 2016), as the city is one of the leading global centres of maritime finance (lending, insurance, investment etc in relation to the maritime/shipping industry).
Greater labour productivity and higher labour force participation boost household disposable income
Greater labour productivity, as well as higher labour force participation (84% of the labour force is either in employment or looking for a job versus 81% in the rest of the country in 2016), has led to 13% greater per household disposable income in the capital than in the rest of Norway. Regionally, Oslo's disposable household income stood 15%, 35% and 37% higher than Stockholm's, Copenhagen's and Helsinki's, respectively, in 2016.
Significant spending on education
Per household expenditure (excluding transport and housing) in Oslo was 9.8% above the rest of the country's level in 2016. Being home to the largest concentration of private educational institutions (private schools, private kindergartens, etc) in Norway, Oslo's expenditure on education stood 96% higher than in the rest of the country in 2016.
Rising property prices increases spending on housing
Housing was allocated 41% higher levels of expenditure in Oslo than in the rest of the country in 2016. This is the result of Oslo's property market being one of the hottest in Europe, with detached house prices rising by 36% over 2011-2016.
OSLO REVIEW AT A GLANCE
Understanding Oslo Review structure
Chart 1 OverviewKey facts on Oslo
Summary 1 Key Facts On Oslo 2011, 2016, 2021OSLO HIGHLIGHTS
History
Delimitation of the metropolitan region
Chart 2 Map Of Oslo Metropolitan AreaMain business districts
ECONOMY OF THE CITY
Industrial make-up
Chart 3 Industrial Composition Of Oslo 2016Chart 4 Labour Productivity: Selected Cities 2016
Recent developments and outlook
Chart 5 Dynamics Of Real GDP In Oslo, Norway And Other Cities In Western Europe, 2011-2021Summary 2 Labour Market Changes In Oslo 2011, 2016
CONSUMER PROFILE
City demographics
Chart 6 Population By Age 2016Chart 7 Drivers Of Population Growth In Oslo 2011-2016
Household income
Chart 8 Household Distribution By Income In Oslo 2016 And 2021CONSUMER EXPENDITURE
Structure of household budget
Chart 9 Comparison Of Household Expenditure In Oslo And Norway, 2016Summary 3 Oslo Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021
City lifestyle
Oslo: Home To The Most Expensive Beer In The WorldOslo Gives Free Credit To Its Residents To Promote Cycling
City affordability
HousingChart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016
DEFINITIONS
APPENDIX
Summary 4 GDP Development, 2011, 2016, 2021Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021
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