Establishments’ gross value of output grew in 2016 – Half of the growth was generated in SMEs

Corrected on 9 February 2018. The corrected number is indicated in red.

In 2016, there were 357,000 enterprises operating in Finland. There were 350,000 small and medium-sized enterprises (SMEs) representing 98 per cent of the enterprise stock. The enterprises had a total of 388,000 establishments of which 93 per cent were SMEs’ establishments.

The combined gross value of output of establishments was EUR 285 billion. The value of output was EUR nine billion higher than in 2015. SMEs’ establishments produced 51 per cent, or EUR 4.7 billion of the total increase in gross value in the whole country. The engines for growth were SME’s establishments in construction and service industries.

Distribution of SMEs’ establishments’ production growth (%) in 2016

After deducting production costs (excl. personnel costs) from the gross value of output, the value added of establishments totalled EUR 103 billion. Value added grew by EUR five billion from 2015. Value added grew in all main industries. Most growth was generated in manufacturing and construction, nearly EUR one billion in both industries.

Growth was recorded in almost every region. In Uusimaa, value added increased from EUR 41 billion to close on EUR 44 billion. Uusimaa produced one-half of the whole country's growth.

The share of SMEs in the region’s value added varied between 37 and 70 per cent. More than one-half of the region’s value added was generated by SMEs in North Karelia, Pohjois-Savo, North Ostrobothnia, Etelä-Savo, Varsinais-Suomi, Kainuu, Åland and South Ostrobothnia.

The share of SMEs’ establishments (%) of the region’s value added in 2016 (Corrected on 9 February 2018)

Measured with the concept full-year employment, the establishments employed 1.4 million persons. The share of total manufacturing of employed persons was 22 per cent, that of construction 11 per cent, trade 16 per cent and services 47 per cent. The share of primary production was four per cent. The establishments of SMEs employed 800,000 persons or 57 per cent of the total personnel of establishments. SMEs are important employers in several regions.

Share of SMEs’ establishments (%) among employed persons in the region in 2016 (Corrected on 9 February 2018)

Source: Regional statistics on entrepreneurial activity 2016, Statistics Finland

Inquiries: Merja Kiljunen 029 551 3284, rakenne.tilastot@stat.fi

Director in charge: Sami Saarikivi

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Appendix tables

Appendix table 1. The share of SMEs establishments of the regions employed persons and value added in 2015 to 2016 (Corrected on 9 February 2018) (21.12.2017)

Revisions in these statistics

Revisions in these statistics (21.12.2017)

Updated 21.12.2017

Referencing instructions:

Official Statistics of Finland (OSF): Regional statistics on entrepreneurial activity [e-publication].
ISSN=2342-6268. 2016. Helsinki: Statistics Finland [referred: 21.11.2024].
Access method: http://www.stat.fi/til/alyr/2016/alyr_2016_2017-12-21_tie_001_en.html