2023 has not been an uplifting year for the investment and business landscape in Oslo, however Q4 shows a bit more promise.
Oslo Outlook: A short update on business, employment, and city attractiveness
The Oslo Outlook report, offering fresh facts and numbers on the socio-economic state of Oslo, has been released. This quarterly publication serves as a valuable resource for those seeking insights into the city's progress in terms of employment, business trends, and overall attractiveness. Whether you're a business professional, an investor, or simply curious about the current state of affairs in Oslo, this report provides a concise and informative overview.
Number of investments in growth companies in Oslo is reduced by 47% and Oslo experienced a decrease of almost 40% in total investment in 2023 compared to 2022
6 206 job vacancies in Oslo in October, making the first increase since the end of 2022
Unemployment has remained stable all year around 2.4%
Employment in ICT-sector increased 3% in Q3
750 new housing units were initiated, 6 times as much as last quarter but 2023 in total is expected to be at a lower level than 2021 and 2020
The population of Oslo has grown by 2823 people in Q3 due to immigration and a reduction of emigration. That is the highest level since 2019.
A Quarterly Update
The Oslo Outlook report is published four times a year, providing regular updates on the development of Oslo. By capturing the latest data and trends, the report aims to shed light on the city's dynamic economic landscape and serve as a valuable resource for decision-makers and stakeholders. The short format is chosen, and the idea is that you can read the report in a shorter time than it takes to drink a cup of coffee.