Published: 18 December 2018

Foreign affiliates significant in manufacturing

According to Statistics Finland's data, the turnover of foreign enterprises located in Finland was EUR 92.2 billion in 2017. This was nine per cent more than in the previous year. The industry of manufacturing was most significant in terms of both the number of personnel and turnover. Most turnover was generated by Swedish, German, American, Swiss and Danish enterprises. Swedish enterprises accounted for 22.1 per cent of the turnover of foreign enterprises located in Finland. Foreign enterprises employed 254,980 persons, which is slightly more than in the year before. The number of foreign enterprises decreased slightly, to 4,308.

Turnover of foreign enterprises in 2017 by industry (excl. A Agriculture, forestry and fishing)*

Turnover of foreign enterprises in 2017 by industry (excl. A Agriculture, forestry and fishing)*
*five most significant countries measured by turnover

Foreign enterprises employ 17.5 per cent of the personnel of enterprises operating in Finland (Appendix figure 1). The share increased slightly from the year before. The share of turnover went up slightly to 22.4 per cent of the turnover of enterprises operating in Finland. However, the shares vary considerably by industry. In the main industries, the shares of turnover and personnel vary from eight to 42 per cent.

Relative to the total enterprise stock, foreign enterprises in Finland employing most people and generating most turnover represent the industry of mining and quarrying and information and communication (Appendix figure 2). The picture is slightly different if we look at the number of personnel and turnover instead of the shares. Measured in this way, the most significant industries are manufacturing, and wholesale trade and retail trade. Manufacturing employed 73,090 persons, or 29 per cent of employees in foreign enterprises and its turnover was EUR 31 billion. Wholesale and retail trade employed 47,120 persons and its turnover amounted to EUR 31 billion (Appendix figure 3).

The nationality of an enterprise is recorded based on the institutional unit that controls it. Usually this is an enterprise located abroad that owns over 50 per cent of the enterprise, either directly or indirectly. Swedish enterprises clearly own the largest share of the affiliates located in Finland. Swedish enterprises also employ most among the foreign affiliates, 83,740 persons, which was slightly fewer than in the year before. Also measured by turnover, Swedish enterprises are most significant with EUR 20 billion. The growth by three per cent was very moderate compared with the previous year. (Appendix figure 4).


Source: Foreign affiliates in Finland 2017, Statistics Finland

Inquiries: Anna-Maija Paakki 029 551 3640, tytaryhtiot@stat.fi

Director in charge: Mari Ylä-Jarkko

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Tables

Tables in databases

Appendix tables

Figures

Updated 18.12.2018

Referencing instructions:

Official Statistics of Finland (OSF): Foreign affiliates in Finland [e-publication].
ISSN=2242-2552. 2017. Helsinki: Statistics Finland [referred: 23.2.2019].
Access method: http://www.stat.fi/til/ulkoy/2017/ulkoy_2017_2018-12-18_tie_001_en.html