Increased turnover at Svalbard

Published:

The total turnover at Svalbard increased by 11.4 per cent in 2018 compared to 2017. Increased activity within construction was a large contributor to this development.

Written by: Mikael Sandberg / Hege Raaberg Bekkevold

The main industries information and communication, and finance-and insurance activities are the largest areas measured by turnover and had an increase in 2018 by 18.7 per cent. The turnover for accommodation and food service activities increased by 6.6 per cent, to a total of 416M NOK, according to new figures from Industry statistics for Svalbard.

This industry has experienced growing activity during the latest years. Compared to 2013 turnover has increased by 64.6 per cent and number of man-years by 26.2 per cent.

Figure 1. Number of man-years by industry

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
B Mining and quarrying 440.3 395.6 366.7 383.5 410.3 345.2 351.4 262.4 152.8 100.9 113.4
C-E Manufacturing, electr., watersupply, sewerage, waste 32.4 31.9 26.4 29.2 28.2 27.5 38.6 55.4 53.6 50.1 59.2
F Construction 183.6 168.4 162.8 170.8 203.3 212.7 215.3 196.2 172.3 157.3 182.3
G Domestic trade, car repair shop 105.9 115.7 106.9 105.7 114.8 118.7 103.1 131.3 154.4 114.1 109.9
H Transportation and storage 109.7 98.9 102.8 103.7 110.6 112.7 98.6 86.1 91.8 87.0 96.1
I Accommodation, food service 137.3 134.5 146 189.7 212 216.8 245.4 260.4 232.8 283.0 273.7
J-K Information, communication, financial and insurance act. 44.4 39.7 44.4 50.1 50.3 51.6 55.7 55.2 53.9 54.6 60.9
L Real estate activities 1.3 2.7 0.7 2.6 3.5 6.5 5.7 6.3 11.4 9.3 10.9
M Profess., scientific, tech. act. 25.9 28.3 33.4 34 40.8 44.3 41.3 40.9 40 65.6 63.9
N Administrative, support service 134.9 108.9 109.9 137.1 103.5 100 96.3 105.2 131.7 198.5 180.4
O Public adm., defence, soc. security 71.4 71.1 80.3 82.8 78.8 79.1 72.4 80.9 83.5 105.9 120.1
P Education 143.3 124.5 117.4 138 150.1 152.9 162.6 198.6 192.3 186.8 166.3
Q Human health, social work 68.8 76.7 64.2 63 69.6 70.3 62.9 66.3 59.1 58.5 60.4
R Arts, entertainment and recreation 29.7 40 35.1 39.2 47.8 44.7 70.4 95.6 146.1 116.1 119.0
S Other service activities 18.4 17.8 14.5 9.4 9.5 10.3 11.2 12 13.5 12.1 8.9

Figure 2. Turnover by industry. NOK million

2017 2018
S Other service activities 5 5
R Arts, entertainment and recreation 113 107
Q Human health, social work 12 13
P Education 60 62
O Public adm., defence, soc. security 157 197
N Administrative, support service 390 413
M Profess., scientific, tech. act. 37 37
L Real estate activities 112 86
J-K Information, communication, financial and insurance act. 518 615
I Accommodation, food service 390 416
H Transportation and storage 271 304
G Domestic trade, car repair shop 409 381
F Construction 477 589
C-E Manufacturing, electr., watersupply, sewerage, waste 167 205
B Mining and quarrying 103 161

Growth in investments within Real Estate activities

In total investments in tangible assets was more or less unchanged compared to 2017. The investments within real estate activities reached the highest level since 2014, by 75M NOK.

Contact