The Role of the Largest Companies in the Finnish Economy

Abstract

In this study, we have analysed the role of the largest companies in the Finnish economy. According to the results, the list of ten largest companies in terms of their domestic value added is diverse and includes companies operating in the manufacturing industry, the service industry, as well as the financial industry. In 2019, these top 10 companies together produced 5.7% of the Finnish gross domestic product (GDP). In terms of domestic employment, the significance of this group remains lower, accounting for 3.7% of the employment of the business sector. Although both the share of GDP and employment have declined, the role of these top 10 companies in the Finnish economy remains significant.

Publication info

Results of research
Reigniting growth through innovation
Research group
Macroeconomy and public finances
Series
ETLA Raportit - Reports 109
Date
25.03.2021
Keywords
Large, Largest, Companies, Firms, GDP, Gross domestic product, Concentration, Group, Granular
ISSN
2323-2447, 2323-2455 (Pdf)
JEL
F23, L25, E22, M21, L11
Pages
12
Language
Finnish