Looking at structural business statistics in Finland gives us key insights into our country’s businesses. These stats show how our economy works and help those who make policies, study economics, and do research. They help us see how well industries are doing and how the economy is growing.
The data covers many things like how many businesses there are, how many people work in them, and their finances. This lets us spot trends over time. In 2022, services were the biggest part of our business world, which is still true today. This shapes our economy in Finland and the whole EU.
Thanks to the Tax Administration’s work and our own surveys, our data is always up to date and correct.
Overview of Business Statistics in Finland
Business statistics in Finland give us a clear view of the country’s economy. They help us understand how businesses are doing and make smart choices. By looking at growth areas and sector contributions, we can better handle economic changes.
Importance of Business Statistics
Business statistics are very important. They give us key data for:
- Watching how businesses perform in different fields.
- Finding trends and growth spots.
- Helping make policies at national and local levels.
- Seeing how sectors compete and contribute to the economy.
During economic shifts, stats are vital. They help us tweak policies for better results.
Frequency and Sources of Data Collection
In Finland, data is collected often from various places. The main sources are:
- The Tax Administration’s business tax records.
- Business surveys that get detailed info from companies.
- Strong government systems for data tracking.
Data is shared every six months. This keeps it fresh and shows the economy’s changes. This method helps us make choices that boost business and growth.
Current Trends in Structural Business and Financial Statement Statistics
The preliminary data for 2023 shows interesting changes in Finland’s business world. It shows a mix of results across different sectors, affected by both local and global economic issues. These 2023 business trends show that some industries are more resilient than others, despite the tough economic times.
Preliminary Data for 2023
This year’s preliminary data is key to understanding how businesses cope with economic ups and downs. A big focus is on inflation, which was around 9.1% in Finland last year. This is different from other Nordic countries. Industries that rely on imports have shown they can adapt better, despite changes in turnover and operational strategies.
Comparative Analysis with Previous Years
A detailed historical analysis shows big changes compared to past years. For instance, growth trends in different industries have changed a lot. This signals changes in workforce size due to economic pressures. The ongoing review of financial statements shows that some sectors are seeing big drops in profit margins, while others are recovering faster. This is due to changes in consumer behaviour. The updates in statistical methods help keep these findings accurate, giving stakeholders a solid way to navigate the complex economy.
Structural Business Statistics in Finland
Looking into structural business statistics in Finland gives us a full picture of our economy. It shows how small and medium-sized enterprises (SMEs) play a big part. With about 571,742 registered businesses, these numbers help us understand how well different industries are doing.
Insight on Enterprises by Industry
The variety of Finnish businesses is clear when we look at the different industries. The services sector has the most businesses, showing its big role in jobs and the economy. Sectors like professional, scientific, and technical services are leading, which is good for business growth.
Data on Small and Medium-Sized Enterprises (SMEs)
In Finland, SMEs make up 99.8% of all businesses. They are key in creating jobs, making up 50.2% of the economy’s value. This makes them essential for job creation and keeping the economy growing. Also, 21% of SMEs think the economy will get better, showing they’re ready to face challenges.
Components of Structural Business Statistics
Looking into structural business statistics gives us key insights into our economy’s business world. We learn about the number of businesses by size, how many people they employ, and their sales. In 2023, we found that micro-enterprises, with less than 10 workers, make up over 93% of all businesses. They play a big role, adding about 19.3% to the economy’s value.
Number of Enterprises by Size Class
Looking at business sizes shows us how they are spread out. Most are micro-enterprises, followed by small and medium-sized enterprises (SMEs). Together, they are a big part of jobs and output. As we move to larger businesses, their impact on the economy changes, bringing new challenges and duties.
Personnel and Turnover Figures
Looking at how many people work and how much money businesses make shows their importance. About 1,498 thousand people work in different areas, showing how crucial these businesses are for GDP growth. These numbers help us see job trends and how stable the economy is, and how different sectors are doing.
Sectorial Distribution of Enterprises
The sectorial distribution of enterprises in Finland gives us a clear view of the country’s economy. It shows how companies are spread out across different industries. The services sector is the biggest, making up about 80.4% of all businesses.
This sector includes many types of work, like retail and professional services. It shows how important the services sector is for Finland’s economy.
Analysis of Major Industries
The manufacturing sector is smaller but still very important. It creates a lot of value, especially in the EU. In 2022, EU manufacturing made €2,420 billion in value added.
Manufacturing is key for economic stability and new ideas. It employs more people than services, showing its labour-intensive nature.
Contribution of Services vs. Manufacturing Sectors
Looking at the services and manufacturing sectors helps us understand their roles in the economy. The services sector focuses on people, while manufacturing focuses on value. Balancing growth in both sectors is crucial for Finland’s success in the EU.