Entrepreneurship in Finland
The cornerstone of our economy
There are 292,377 companies in Finland (Statistics Finland, Suomen Yritysrekisteri 2019), excluding agriculture, forestry and fishing. They employ 1.5 million people and pay taxes which are used to fund services everyone uses. Ninety-three per cent of companies employ less than 10 people.
Throughout the 21st century, new jobs have been created in small and medium enterprises (SMEs). SMEs created jobs for over 160,646 people between 2001 and 2019. Of these jobs, 81,095 were created in companies employing less than 50 people.
SMEs generate more than half (57.5%) of the €445 billion euro in total turnover for companies in Finland, and their share of the GDP is slightly more than 40%.
- Companies with fewer than 10 employees are micro enterprises.
- Companies with fewer than 50 employees are small enterprises.
- Companies with between 50–249 employees are medium-sized enterprises.SME = an enterprise with under 250 employees.
- Companies which employ at least 250 people are large enterprises.
Of all companies, 93% or 271,851, are smaller than 10 people. There are 16,630 (5.7%) small enterprises, 3,214 (1.1%) medium enterprises and 682 large enterprises (0.2%).
- Read more about businesses, entrepreneurs and entrepreneurship in the Research section (in Finnish)
- You can find more figures and statistics in Statistics Finland’s enterprises section.
- The Ministry of Economic Affairs and Employment compiles an annual entrepreneurship overview.
- There is also sector-specific information in the Ministry’s sectoral reports.
Business statistics slideshow
The Business Statistics slideshow contains information about the development of the number of businesses by size, staff numbers and turnover.
The data are based on Statistics Finland data from 2019.