Small and medium size enterprises
|Updated: 28.11.2013 - Next update: 28.11.2014|
Enterprises’ personnel decreased and turnover grew in 2012
According to the Business Register of Statistics Finland, 322,183 enterprises operated in Finland in 2012. These enterprises employed 1,471,000 persons as wage or salary earners or entrepreneurs and generated EUR 390.2 billion in turnover. The number of enterprises went down by around 50 from the year before. The personnel fell by 15,200 persons, i.e. by one per cent. Turnover, in turn, grew by one per cent and increased by around EUR five billion.
Small and medium-size enterprises, i.e. enterprises with a personnel of under 250 people, represented 99.8 per cent of all enterprises. They employed 64 per cent of all personnel and accounted for 53 per cent of total turnover. The shares have been fairly constant over the years, but the share of turnover has been growing by a few percentage points from the previous year. Large enterprises that employ over 250 people represented 0.2 per cent of all enterprises and they employed 36 per cent of all personnel, and accounted for 47 per cent of total turnover. The number of small enterprises, i.e. with fewer than 50 employees, and of large enterprises decreased and their personnel and turnover also went down. In contrast, the number, personnel and turnover grew in medium-size enterprises, i.e. enterprises with 50 to 249 employees.
Statistics Finland / Finnish enterprises
Description of indicator
Small and medium sized enterprises (SMEs) are defined as enterprises with fewer than 250 paid employees.
Paid employees comprise wage and salary earners. Employees are converted to annual full-time employees so that, for example, an employee working half-time represents one half of a person and two employees working half-time for one year represent one annual full-time employee.
The development of small and medium-sized enterprises has a clear impact on the Finnish economy. SMEs form a significant proportion of Finland’s total number of enterprises, which means they also have considerable job-creating impact. The examination of SMEs is not limited only to business and industry; any assessment of their impact should also take a social and labour policy perspective. In addition to their share of the domestic labour market, SMEs represent a significant part of Finland’s export volume. Analyses of SME indicators, moreover, create an overview of operating conditions and development trends for entrepreneurship and business activity in Finland and provide background information for the development of business policy.
Public administration policy measures are aimed at creating stable and sustainable economic growth by safeguarding the funding of the business sector and by investing in new growth areas. The activation of business and industry crucially depends on SMEs, which will be expected to create a large proportion of new jobs in future. In addition to investments, the goal is to promote new economic growth generated by SMEs through tax solutions and the restructuring of business and industry.