Entrepreneurship statisticsData based on Statistics Finland's 2018 information

Finland is acountry of smallbusinesses

There are 286,042 companies in Finland*

1.4 million people work in Finnish

businesses.93% of companies have

fewer than 10 employees.

Only 0.2% of Finnish

companies are large

enterprises.

Single-person businesses account for 68% of

business owners

Women account for

35% of business owners

*Businesses without primaryproduction.Source: Statistics Finland 2018.Excl. agriculture, forestry and fishing.

The number of business has grown strongly in the 21st century

2091

51

2074

93

2035

42

1834

49

1777

85

1820

15

1958

68 2054

68 2113

04

2116

20

2149

65

2172

31

2188

46

2207

82

2246

36

2287

44

2404

59

252 8

15 263 0

01

2637

59

2625

48

2660

62

2669

09

2832

90

2829

58

2838

05

2835

63

2869

34

2860

42

170 000

190 000

210 000

230 000

250 000

270 000

290 000

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Source: Statistics Finland, Businesses’ structural and financial statement statistics 2018. Excl. agriculture, forestry and fishing.

Businesses’ turnover abroad, % of SMEsEntrepreneurs supportexports

Source: SME barometer,autumn 2019

All businesses Industry Construction Trade Services

24 41 13 29 22

Export or business operations abroad

All businesses Industry Construction Trade Services

Direct goods export 37 86 25 64 16

Direct services export 42 14 41 10 60

Licensing or franchisingoperations 5 3 3 4 7

Salary or contract manufacturing 6 5 9 12 4

Foreign joint venture orsubsidiary 13 13 15 16 12

Other 21 10 28 17 24

*Respondents could choose more than one option.

Forms of export or business operations in companies that export or have operations abroad*

Changes in employee numbers in companies of various sizes 2001–2008

15 11430 164

42 238 38 78124 102

18 330 1344

-22 630

1–9

Source: Statistics Finland. Changes in employee numbers in companies of various sizes 2001–2008Staff numbers as full-time equivalents (FTEs), excl. agriculture, forestry and fishing.

10–19 20–49 50–99 100–249 > 1,000

Small enterprises, under 50 FTEs: +87,516Medium enterprises, 50–249 FTEs: +62,883 Large enterprises, 250+ FTEs -2,953

SMEs: +150,399 Large enterprises: -2,953

500–999250–499

Development in quantity of business owners, self-employed employers and single-person businesses 2000–2019

Source: Statistics Finland

212206 208 213 215 219

230 228241

251 248255

261 258266 270 273

259265

274

8983 86 89 87 83

89 89 86 91 93 92 92 90 93 94 90 88 83 87

123 123 122 124 129135

141 139

154160

154163

169 168 173 177183

171183 187

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019Yrittäjät (pl. maa-, metsä- ja kalatalous), 1000 henkilöä Työnantajayrittäjät (pl. maa-, metsä- ja kalatalous), 1000 henkilöä

Yksinyrittäjät (pl. maa-, metsä- ja kalatalous), 1000 henkilöä

Businesses and labour market policy

• Approx. 20,000 companies• Average 45 employees each• Total approx. 920,000 employees

• Approx. 50,000 companies • Average 5 employees each• Total approx. 250,000 employees

Only a few companies bound by generally binding collective bargaining agreements use the shop steward system.

* Approx. 20,000 companies* Average 11 employees each* Total approx. 220,000 employees

Collective bargaining agreements do not apply to these companies.

There is hardly any flexibility, because labour legislation is mandatory.

Restrictions in about 50 pieces of legislation affect this field.

About 3,000–5,000 companies have shop stewards, which gives greater freedoms for agreement.

Normally bindingfield “Free field”Generally binding

field

Collective bargaining agreements affect different sectors in different ways.

LARGE ENTERPRISES (250+ FTEs)

655 0.2%

MEDIUM ENTERPRISES (50–249 FTEs)

2 995 1.0%

SMALL ENTERPRISES (10–49 FTEs)

16,498 5.8%

MICRO ENTERPRISES (1–9 FTEs)

265,894 93% Source: Statistics Finland 2018. Excl. agriculture, forestry and fishing.

Total 286,042 companies

Company structure in Finland 2018

Source: Statistics Finland 2018. Excl. agriculture, forestry and fishing.

LARGE ENTERPRISES (250+ FTEs)

41.9%

MEDIUM ENTERPRISES (50–249 FTEs)

23.1%

SMALL ENTERPRISES (10–49 FTEs)

18.4%

MICRO ENTERPRISES (1–9 FTEs)

16.6%

Total €434 bn

Turnover in companies of different sizes in 2018

Source: Statistics Finland 2018. Excl. agriculture, forestry and fishing.

LARGE ENTERPRISES (250+ FTEs)

35.4% 512,271

MEDIUM ENTERPRISES (50–249 FTEs)

19.9% 288,007

SMALL ENTERPRISES (10–49 FTEs)

22.3% 322,946

MICRO ENTERPRISES (1–9 FTEs)

22.4% 323,686

Total:1,446,910 persons

Staff in companies of different sizes in 2018