Published: 20 September 2018

Enterprises' turnover grew by 6.1 per cent in 2017

According to Statistics Finland's preliminary data, the combined turnover of enterprises (TOL B to S, excl. K) was EUR 408.6 billion in 2017. The turnover generated totalled EUR 23.5 million, which is 6.1 per cent more than one year ago. Of the turnover growth, EUR 11.5 billion came from manufacturing enterprises (TOL B to E), EUR 6.9 billion from service enterprises, EUR 3.3 billion from construction and EUR 1.9 billion from trade

Enterprises' turnover in 2016 to 2017*

Enterprises' turnover in 2016 to 2017*

The turnover of manufacturing (TOL C) turned to growth and was EUR 132.6 billion in 2017. The turnover generated was in total EUR 10.8 billion higher than in the year before. The majority of the growth, or EUR 8.1 billion came from industrial production and EUR 2.7 billion from other turnover.

In recent years, the forest industry has established sales companies for its products, which has increased the share of commercial turnover to 37 per cent of total turnover. The turnover of the industry was EUR 29.8 billion in 2017 and grew by EUR 2.5 billion from the previous year. EUR one billion of the growth came from commercial activity.

The combined value added of the enterprise sector was EUR 109.1 billion in 2017. The value added accrued to enterprises amounted to EUR 6.4 billion more than in 2016. Close on one-half of the growth in value added, or EUR 2.8 billion came from manufacturing industries (TOL B to E). Value added generated from service industries was EUR 2.2 billion more and from construction EUR one billion more than in the previous year. The value added of trade grew by EUR 0.3 billion.

Enterprises' value added in 2017*

Enterprises' value added in 2017*

Personnel grew by 6 per cent in construction in 2017

According to preliminary data, the total number of enterprises was over 289,000 (excl. industry A) and grew by around two per cent. The number of enterprises grew most in the industries of real estate activities and professional, scientific and technical activities (industries L and M). The numbers of enterprises fell in the industries of wholesale and retail trade and logistics (industries G and H). In trade, the fall was around 500 enterprises and in logistics 200 enterprises.

The number of personnel employed by enterprises was over 1.4 million converted into full-time employees (excl. industry A) in 2017. The total number of personnel rose by nearly 31,000 staff-years from the previous year. The number of personnel rose most in the industries of construction, administrative and support service activities, education and manufacturing (industries F, N, P and C). Construction rose by 9,200 staff-years and administrative and support service activities by 6,000 staff-years. The number of personnel decreased most, by 2,500 staff-years, in wholesale and retail trade (industry G).

The preliminary data on the Structural business and financial statement statistics cover data on industries B to S. The units of primary production are missing from the preliminary data, for which reason the combined data of all enterprises are not published. The data are based on the Tax Administration's business taxation data. The data have been supplemented with Statistics Finland's own inquiry.


Source: Statistics Finland

Inquiries: Pirkko Nurmela 029 551 3519, Jyri Järvinen 029 551 3562, rakenne.tilastot@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 20.9.2018

Referencing instructions:

Official Statistics of Finland (OSF): Structural business and financial statement statistics [e-publication].
ISSN=2342-6233. 2017. Helsinki: Statistics Finland [referred: 20.2.2019].
Access method: http://www.stat.fi/til/yrti/2017/yrti_2017_2018-09-20_tie_001_en.html