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Published: 21 September 2017

Growth in service industries continued in 2016

Enterprises’ (TOL B to S, excl. K) combined turnover was EUR 384 billion in 2016 according to Statistics Finland’s preliminary data. Service industries generated EUR 3.7 billion more turnover than one year previously.  Likewise the favourable development  of construction and trade pushed the turnover of the entire enterprise sector to a EUR 5.5 billion growth compared to the previous year. The turnover of construction grew by EUR 2.4 billion and that of trade by EUR 1.6 billion. Turnover in all manufacturing contracted by EUR 2.2 billion.

Enterprises' turnover in 2015 to 2016*

Enterprises' turnover in 2015 to 2016*

The turnover of manufacturing (TOL C) contracted further and was EUR 121.7 billion in 2016. One year previously, turnover amounted to EUR 124.3 billion, so the drop was EUR 2.6 billion, or 2.1 per cent. Turnover from industrial activities grew by over EUR 700 million. In contrast, turnover from other activities contracted. The effect of big reorganisations in the electrical and electronics industry was still visible in 2016, too. The combined turnover of enterprises in the industry contracted by EUR 3.5 billion. In the whole metal industry, turnover fell by EUR 4.2 billion. In the forest industry, turnover grew by EUR 1.8 billion mainly due to reorganisations of enterprise activities.

The combined turnover of the enterprise sector was around EUR 102.2 billion in 2016. The value added accrued to enterprises was EUR 5.9 billion higher than in 2015. Good one-third of the growth in value added, or EUR 2.3 billion came from the manufacturing industries (TOL B to E). Service industries generated EUR 2.1 billion more value added than one year previously. The value added of construction grew by EUR 0.9 billion and that of trade by EUR 0.6 billion.

Enterprises' value added in 2016*

Enterprises' value added in 2016*

Number of enterprises in trade decreased in 2016

According to preliminary data, the number of enterprises totalled close on 284,000 (excl. TOL A) and remained as a whole on level with the previous year. The number of enterprises grew in the industries of accommodation and food service activities, real estate activities, and creative and sports activities (industries I, L and R). The number of enterprises fell in the industries of manufacturing, construction, trade and logistics (C, F, G, H). In trade, the fall was nearly one thousand enterprises, in construction 600 and in manufacturing 500.

The number of personnel employed by enterprises was 1.4 million converted into full-time employees (excl. TOL A) in 2016. The total number of personnel rose by nearly 9,000 staff-years from the year before. The number of personnel went up most in administrative and support service activities and construction enterprises (N and F). The industry of administrative and support service activities increased by 6,100 and construction by 5,400 staff-years. The number of personnel fell most in the industries C and H, manufacturing and logistics. The industry of manufacturing decreased by 9,800 and logistics by 2,000 staff-years compared with the year before.

Preliminary data on structural business and financial statement statistics cover the industries of mining and quarrying, construction, trade and services. The combined data of all enterprises are not published in the preliminary statistics, because the units of primary production are missing from the preliminary data. The data are based on the Tax Administration's business taxation data. The data have been supplemented with Statistics Finland's own inquiry.

Source: Statistics Finland

Inquiries: Pirkko Nurmela 029 551 3519, Jyri Järvinen 029 551 3562,

Director in charge: Sami Saarikivi

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Updated 21.9.2017

Referencing instructions:

Official Statistics of Finland (OSF): Structural business and financial statement statistics [e-publication].
ISSN=2342-6233. 2016. Helsinki: Statistics Finland [referred: 1.3.2024].
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