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Published: 25 May 2016

Finnish enterprises abroad: nearly 4,900 affiliates in 121 countries in 2014

According to Statistics Finland's data, Finnish enterprises had business activity in 4,870 affiliates located in 121 countries in 2014. Measured by the number of personnel, the activity of affiliates abroad concentrated in Europe and Asia. The personnel abroad totalled close on 511,000, of whom nearly one-half were working in EU countries, and almost one-quarter in Asia and Oceania. Examined by country, the numbers of personnel were the highest in Sweden, China, Russia and India. These data derive from data collected from enterprises.

Personnel in affiliates abroad by country group in 2014

Finnish affiliates abroad employed the largest numbers of persons in EU countries, altogether 240,010 persons. In EU countries, the largest industries by the number of personnel were the machinery and metal products industry 43,740 persons, and wholesale and retail trade, 32,890 persons. Measured by the number of personnel, Finnish affiliates' personnel was the second biggest in Asia and Oceania, numbering good 126,110. The industries with the highest numbers of personnel in Asia and Oceania were the electrical and electronics industry, 56,540 persons, and the machinery and metal products industry, 35,770 persons. Of individual countries, the numbers of personnel in affiliates were the highest in Sweden (62,500 persons), China (55,520 persons), Russia (43,080 persons) and India (32,410 persons).

Investments by affiliates abroad into their tangible goods amounted to good EUR 3.9 billion gross. Sixty-six per cent of the investments were made in Europe and 20 per cent in Asia and Oceania. In Europe, the investments focused on manufacturing industries and totalled close on EUR 1.2 billion. In the EU countries, the largest investments were made by the paper industry (EUR 398 million) and in European countries outside the EU by electricity, gas and water supply (EUR 363 million). In Asia and Oceania, investments concentrated in the paper industry, EUR 307 million and wholesale and retail trade, EUR 179 million. Among individual countries, investments totalled most, or EUR 848 million, in Sweden. Examined world-wide, affiliates in the manufacturing industry invested the largest total amount of EUR 2.1 million.

The combined total turnover of Finnish affiliates located abroad amounted to good EUR 137.8 billion. The figure describes unconsolidated turnover, in other words, it includes, for instance, intra-group trade. Fifty-one per cent of the turnover was generated in EU countries and 18 per cent in Asia and Oceania. In the EU, the largest amounts of turnover were generated in the paper industry, EUR 13.8 billion, and in wholesale and retail trade, EUR 13.4 billion. In Asia and Oceania, the industry with the most significant turnover was the electrical and electronic industry, EUR 8.9 billion. Among the industries, the highest turnover world-wide was generated by manufacturing, EUR 82.1 billion and by wholesale and retail trade, EUR 26.0 billion. Examined by country, the turnover was highest in Sweden, EUR 27.8 billion.

Source: Finnish affiliates abroad 2014, Statistics Finland

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

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Finnish affiliates abroad by country group in 2014 (25.5.2016)
• Appendix table 2. Finnish affiliates in EU countries in 2014 (25.5.2016)
• Appendix table 3. Finnish affiliates in countries outside EU in 2014 (25.5.2016)
• Appendix table 4. Finnish affiliates abroad by industry in 2014 (25.5.2016)
• Appendix table 5. Finnish affiliates abroad in manufacturing industries in 2014 (25.5.2016)
• Appendix table 6. Finnish affiliates in EU countries in 2014, the largest industries (25.5.2016)
• Appendix table 7. Finnish affiliates in countries outside EU in 2014, the largest industries (25.5.2016)

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Updated 25.05.2016