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NO071 · SE125

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NUTS-3 NO071 · Norway
Population
243,5822025
GDP
€12,910M2021
Unemployment· NUTS-2 source
3.5%2025
Employment· NUTS-2 source
79.4%2025
Active firms· FR-only
Cadastral parcels· FR-only
Area
37,751.1 km²
NUTS-3 SE125 · Sweden
Population
281,1582025
GDP
€11,305M2024
Unemployment· NUTS-2 source
9.4%2025
Employment· NUTS-2 source
79.6%2025
Active firms· FR-only
Cadastral parcels· FR-only
Area
5,684.9 km²

Decision brief

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

Best overall fit: Västmanlands län (Opportunity 44). Runner-up: Nordland/Nordlánnda (42). Contrarian pick: Nordland/Nordlánnda — leads the set on Energy cost (EU pctl 100).

Strengths
Energy cost (97) · Demographic outlook (94)
No red flags
Strengths
Energy cost (100) · Governance (95)
No red flags
Why you might not pick Västmanlands län
Its weakest dimension is Growth momentum (EU pctl 26) — Nordland/Nordlánnda may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: LogisticsVästmanlands län · ManufacturingVästmanlands län · OfficeNordland/Nordlánnda · ResidentialNordland/Nordlánnda.
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
41.8
44.4
Resilience Indexdiversification, stability, buffers
66.0
56.8
Quality of Lifeprosperity, health, safety, environment
69.1
53.9
Clean AirPM2.5 / PM10 / NO₂ inverted
62.0
58.3
Connectivitytransit + air + market access
50.7
39.3
Talent & Human Capitalskills, learning, knowledge workers
72.8
92.5
Growth Momentumrecent GDP / employment trajectory
24.0
25.6

Trajectories · 2012–latest

Real GDP (2020 prices)
2.6% 5y
0.7% 5y
Population
0.2% 5y
0.4% 5y
Unemployment rate
0.0% 5y
0.9% 5y

Derived comparisons

GDP per capita
€53,001
€40,210
Population density
6 /km²
49 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only

All indicators · 91 metrics (Eurostat, all-EU)

Economy
Gross value added, total (current prices)
€11,628M
€10,125M
GVA — agriculture, forestry & fishing (A)
€1,269M
€149M
GVA — industry (B–E)
€2,320M
GVA — manufacturing (C)
€999M
€2,065M
GVA — construction (F)
€875M
€784M
GVA — wholesale/retail, transport, ICT (G–J)
€1,605M
€1,899M
Net disposable household income per capita (NUTS-2 source) ·N2
€26,600
€22,200
GDP per capita in PPS (purchasing-power adjusted)
38,800 PPS
33,800 PPS
GDP per capita (current prices, EUR)
€53,800
€40,000
Gross fixed capital formation — investment (total economy) ·N2
€7,085M
€19,140M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€357M
€3,614M
Compensation of employees (total wage bill) ·N2
€12,839M
€37,294M
GVA — real estate activities (L)
€872M
€917M
GVA — information & communication (J)
€191M
€260M
GVA — finance, real estate & professional (K–N)
€1,720M
€2,208M
GVA — public admin, health & education (O–U)
€4,006M
€2,765M
Real GDP (constant 2020 prices, incl. short-term forecast)
€15,042M
€10,538M
Labour productivity per person employed (EUR)
€108,822
€89,578
Gross fixed capital formation, NUTS-3 (ARDECO)
€4,355M
€2,932M
Labour market
Employment, total persons
123,000
134,270
Self-employed persons
5,300
Employment in manufacturing (C)
10,000
23,000
Activity rate, 15–64 (NUTS-2 source) ·N2
80.2%
82.3%
Youth unemployment rate (15–24) ·N2
28.1%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
3.5%
9.4%
Labour force aged 15+ (ARDECO)
127,200
147,000
Business demography
Active enterprises (business economy, all sizes)
17,669
Enterprise births
1,510
Enterprise deaths
1,129
3-year enterprise survival rate
5.6%
Innovation & R&D
R&D expenditure as % of GDP ·N2
1.9%
4.4%
Employment in high-tech sectors (% of total) ·N2
2.2%
6.2%
R&D personnel (% of active population, FTE) ·N2
1.3%
2.5%
Education
Tertiary education attainment, age 25–64 ·N2
43.7%
46.6%
Tertiary attainment, age 25–34 (young talent pool) ·N2
46.8%
50.5%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
20.3%
38.4%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
26.1%
33.0%
Scientists & engineers (% of labour force) ·N2
9.7%
13.7%
Digital
Households with internet access ·N2
98.8%
94.0%
Tourism
Nights spent at tourist accommodation (total)
2,770,189
983,247
Mobility
Passenger cars per 1,000 inhabitants ·N2
538 /1k
474 /1k
Road freight loaded (annual, thousand tonnes)
11,829 kt
13,739 kt
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
4,092
5
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
1,680
2
Motorway density (km per 1,000 km²) ·N2
0 km/1000km²
16 km/1000km²
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
56
28
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
1
2
Demography
Population aged 15–64 (working age)
151,765
170,602
Population aged 65+
55,117
62,668
Population aged under 15
36,700
47,888
Median age of population
43.9 yrs
42.2 yrs
Old-age dependency ratio (65+ / 15–64)
36.3%
36.7%
Crude rate of total population change
2.1 /1k
1.2 /1k
Crude rate of net migration plus adjustment
3.3 /1k
2.0 /1k
Crude birth rate
8.5 /1k
8.9 /1k
Crude death rate
9.7 /1k
9.7 /1k
Live births
2,067
2,514
Deaths
2,359
2,732
Total age-dependency ratio (young+old / 15-64)
60.5%
64.8%
Total fertility rate (births per woman)
1.42
1.48
Population density (persons per km²)
7 /km²
55 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
290,566
336,631
Social
At risk of poverty or social exclusion (AROPE) ·N2
20.2%
20.7%
Life expectancy at birth ·N2
82.6 yrs
83.7 yrs
At-risk-of-poverty rate (regional) ·N2
15.3%
17.4%
Health
Hospital beds per 100k inhabitants ·N2
414 /100k
185 /100k
Mortality, all causes (age-standardised rate) ·N2
866 /100k
859 /100k
Cancer mortality (age-standardised rate) ·N2
216 /100k
207 /100k
Safety & crime
Intentional homicides per 100k inhabitants
1.2 /100k
Robberies per 100k inhabitants
4.9 /100k
44.2 /100k
Burglaries per 100k inhabitants
777 /100k
Thefts per 100k inhabitants
861 /100k
2,554 /100k
Road traffic deaths per million inhabitants ·N2
33 /M
23 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
1.82
1.91
Regulatory quality, WGI score -2.5..2.5 (country)
1.57
1.62
Rule of law, WGI score -2.5..2.5 (country)
1.94
1.74
Control of corruption, WGI score -2.5..2.5 (country)
2.03
2.03
Political stability & absence of violence, WGI score (country)
0.92
0.94
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.064/kWh
€0.085/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.073/kWh
Housing market
Average sold price, tenant-owned flats (SEK thousands, Statistics Sweden)
1,312 kSEK
Dwelling price per m² (NOK, all types, Statistics Norway)
34,152 NOK/m²
Climate
Elevation at region centroid (Copernicus DEM)
940 m
58 m
Hot days ≥30°C (avg per year)
0 days/yr
1 days/yr
Frost days ≤0°C (avg per year)
246 days/yr
121 days/yr
Heavy-precipitation days ≥20mm (avg per year)
15 days/yr
3 days/yr