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2 regions side-by-side

NO0B2 · ES703

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NUTS-3 NO0B2 · Norway
Population
02025
GDP
€191M2021
Unemployment· NUTS-2 source
Employment· NUTS-2 source
Active firms· FR-only
Cadastral parcels· FR-only
Area
60,558.2 km²
NUTS-3 ES703 · Spain
Population
11,9932025
GDP
€232M2023
Unemployment· NUTS-2 source
13.5%2025
Employment· NUTS-2 source
67.7%2025
Active firms· FR-only
Cadastral parcels· FR-only
Area
267.5 km²

Decision brief

Download brief (PDF)mandate-neutral · ranked by overall opportunity

Best overall fit: El Hierro (Opportunity 31). Contrarian pick: Svalbard — leads the set on Energy cost (EU pctl 100).

Strengths
Demographic outlook (99) · Energy cost (95)
Red flags
Economic base (EU bottom 15%)
Labour market (EU bottom 15%)
Connectivity (EU bottom 15%)
Freight intensity (EU bottom 15%)
Industrial base (EU bottom 15%)
Strengths
Energy cost (100) · Governance (95)
Red flags
Connectivity (EU bottom 15%)
Industrial base (EU bottom 15%)
Why you might not pick El Hierro
Economic base (EU bottom 15%); Labour market (EU bottom 15%); Connectivity (EU bottom 15%); Freight intensity (EU bottom 15%); Industrial base (EU bottom 15%). Its weakest dimension is Industrial base (EU pctl 2) — Svalbard may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: LogisticsSvalbard · ManufacturingSvalbard · OfficeEl Hierro · ResidentialEl Hierro.
Phase-2 diligence checklist
  • Site-level grid connection capacity and power pricing (beyond country-grain energy data)
  • Local incentives, tax regimes and permitting timelines
  • Workforce depth for your specific roles (the talent pillar is a proxy)
  • Real-estate availability, rents and land — public pan-EU data stops at the Nordics

This is a mandate-neutral read. To weight the pillars to your thesis, run these regions through the Site Screener — it ranks all 1,211 regions under your weights and exports the full PDF. First-pass macro screening, not investment advice.

Composite intelligence · 0–100 EU-percentile scores

Opportunity Indexscale + growth + access + structure
30.5
Resilience Indexdiversification, stability, buffers
35.5
Quality of Lifeprosperity, health, safety, environment
47.4
Connectivitytransit + air + market access
0.0
2.5
Talent & Human Capitalskills, learning, knowledge workers
38.8
Growth Momentumrecent GDP / employment trajectory
73.4

Trajectories · 2012–latest

Real GDP (2020 prices)
9.7% 5y
4.7% 5y
Population
5y
1.5% 5y
Unemployment rate
10.1% 5y

Derived comparisons

GDP per capita
€19,336
Population density
45 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only

All indicators · 84 metrics (Eurostat, all-EU)

Economy
Gross value added, total (current prices)
€172M
€218M
GVA — agriculture, forestry & fishing (A)
€0M
€12M
GVA — industry (B–E)
€16M
GVA — manufacturing (C)
€3M
€6M
GVA — construction (F)
€24M
€15M
GVA — wholesale/retail, transport, ICT (G–J)
€66M
€57M
Net disposable household income per capita (NUTS-2 source) ·N2
€15,300
GDP per capita in PPS (purchasing-power adjusted)
22,200 PPS
GDP per capita (current prices, EUR)
€19,800
Gross fixed capital formation — investment (total economy) ·N2
€60M
€8,461M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€0M
€298M
Compensation of employees (total wage bill) ·N2
€91M
€28,532M
GVA — real estate activities (L)
€8M
GVA — finance, real estate & professional (K–N)
€16M
€41M
GVA — public admin, health & education (O–U)
€45M
€78M
Real GDP (constant 2020 prices, incl. short-term forecast)
€223M
€221M
Labour productivity per person employed (EUR)
€198,210
€57,958
Gross fixed capital formation, NUTS-3 (ARDECO)
€75M
€41M
Labour market
Employment, total persons
1,000
4,300
Self-employed persons
800
Employment in manufacturing (C)
0
100
Activity rate, 15–64 (NUTS-2 source) ·N2
73.1%
Youth unemployment rate (15–24) ·N2
29.5%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
13.3%
Labour force aged 15+ (ARDECO)
0
6,000
Business demography
Active enterprises (business economy, all sizes)
718
Enterprise births
85
Enterprise deaths
63
3-year enterprise survival rate
2.9%
Innovation & R&D
R&D expenditure as % of GDP ·N2
0.6%
Employment in high-tech sectors (% of total) ·N2
2.1%
R&D personnel (% of active population, FTE) ·N2
0.4%
Education
Tertiary education attainment, age 25–64 ·N2
36.3%
Tertiary attainment, age 25–34 (young talent pool) ·N2
43.7%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
13.1%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
17.6%
Scientists & engineers (% of labour force) ·N2
5.8%
Digital
Households with internet access ·N2
97.3%
Tourism
Nights spent at tourist accommodation (total)
188,798
151,519
Mobility
Passenger cars per 1,000 inhabitants ·N2
609 /1k
Road freight loaded (annual, thousand tonnes)
119 kt
Motorway density (km per 1,000 km²) ·N2
39 km/1000km²
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
1,140
148
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
0
0
Demography
Population aged 15–64 (working age)
0
7,981
Population aged 65+
0
2,752
Population aged under 15
0
1,260
Median age of population
47.8 yrs
Old-age dependency ratio (65+ / 15–64)
34.5%
Crude rate of total population change
17.4 /1k
Crude rate of net migration plus adjustment
20.7 /1k
Crude birth rate
5.0 /1k
Crude death rate
8.3 /1k
Live births
0
60
Deaths
0
99
Total age-dependency ratio (young+old / 15-64)
50.3%
Total fertility rate (births per woman)
0.85
Population density (persons per km²)
45 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
17,593
Social
At risk of poverty or social exclusion (AROPE) ·N2
31.2%
Life expectancy at birth ·N2
82.9 yrs
At-risk-of-poverty rate (regional) ·N2
22.9%
Health
Hospital beds per 100k inhabitants ·N2
290 /100k
Mortality, all causes (age-standardised rate) ·N2
826 /100k
Cancer mortality (age-standardised rate) ·N2
214 /100k
Safety & crime
Intentional homicides per 100k inhabitants
0.0 /100k
Robberies per 100k inhabitants
8.5 /100k
Burglaries per 100k inhabitants
59.4 /100k
Thefts per 100k inhabitants
161 /100k
Road traffic deaths per million inhabitants ·N2
31 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
1.82
1.14
Regulatory quality, WGI score -2.5..2.5 (country)
1.57
0.84
Rule of law, WGI score -2.5..2.5 (country)
1.94
0.96
Control of corruption, WGI score -2.5..2.5 (country)
2.03
0.78
Political stability & absence of violence, WGI score (country)
0.92
0.16
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.064/kWh
€0.106/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.048/kWh
Climate
Elevation at region centroid (Copernicus DEM)
388 m
876 m
Hot days ≥30°C (avg per year)
0 days/yr
3 days/yr
Frost days ≤0°C (avg per year)
343 days/yr
0 days/yr
Heavy-precipitation days ≥20mm (avg per year)
0 days/yr
1 days/yr