section_path: Economy
section_name: Economy
paragraph_text: Economy
  
  As the primary financial centre in Sweden, Stockholm is an influential hub for trade, finance and technology in Europe, and one of Scandinavia's largest financial centres. The Stockholm region is the leading region in Sweden by both GDP and GDP per capita, and is amongst the ten wealthiest regions in the European Union when measured by the latter.
  
  Many of Sweden's largest companies are headquartered in the city; they are drawn by its central location, skilled workforce and preeminent financial sector. These companies include some of the Nordic region 's most valuable corporations, like Ericsson, which is one of the world's largest telecommunications companies, or Atlas Copco, which is one of the world's largest industrial companies; other large companies based in Stockholm include Electrolux, H&M and Securitas AB. Some of the largest investment firms in Europe are headquartered in the city, including Investor AB and Nordstjernan; also headquartered in Stockholm is EQT AB.
  
  Stockholm is one of continental Europe's leading hubs for the technology industry; this influential industry is based in Kista, a suburb in northern Stockholm which is Europe's largest Informations and Technology cluster. Stockholm has the second most unicorns per capita in the world, after Silicon Valley; the city also has one of the highest startup rates in Europe. Prominent startup technology companies in Stockholm include Mojang, Spotify and Klarna; the latter two either have been or are among the largest startup companies in the world.
  
  Most of Sweden's largest banks are headquartered in the city, including the SEB Group, Handelsbanken and Swedbank; Nordea had its headquarters in Stockholm until moving to Helsinki in 2018 for legal reasons involving the European Union. The Stockholm Stock Exchange, founded in 1863, is the largest stock exchange in the Nordic Countries measured by market capitalisation, listing numerous multinational Swedish companies.
  
  Trade is a vital part of Stockholm's economy; the city's corporations are largely reliant on foreign consumers to supplement the small Swedish market. Stockholm is one of the Baltic Sea's larger ports, hosting especially cruise ships and yachts. Most of Stockholm's economy is based on export-oriented services, often towards larger, nearby European markets like Poland or Germany. Tourism is a major industry in Stockholm.