Service Industry in Stockholm
The industrial sector is divided into four divisions namely extraction, manufacturing, service and information which are the primary, secondary, tertiary and quaternary sectors respectively. One of the most popular cities that have a tertiary sector of industry is Stockholm , making real estate, personal and healthcare and even Hotels in Stockholm belong to the major businesses in the city.
One advantage of having the service industry as the major financial source is having less tendency of polluting the metropolis. Aside from the fact that Stockholm is the home of world class museums and architecture, Stockholm is also popular for being Sweden ’s center of economic activities. Majority of its labor, approximately 85% is dedicated to the service industry making it one of cleanest cities on the globe.
Tourism, another branch of the service industry is now booming in Stockholm . Between 1991 and 2004, annual overnight stays in the city increased by 3.7 million from 4 to 7.7 million.
Stockholm is also the home of the major Swedish banks such as Swedbank and Handelsbanken. Stockholm Stock Exchange, Sweden ’s leading stock exchange is also located in the city. Forty five percent of the Swedish companies that employ more than 200 people are also located in Stockholm .