--- title: "The Role of the Event Industry in the Finnish Economy" authors: - name: "Ali-Yrkkö, Jyrki" url: "https://www.etla.fi/henkilot/ali-yrkko-jyrki/" sameAs: - "https://orcid.org/0009-0005-2977-6878" - name: "Pajarinen, Mika" url: "https://www.etla.fi/henkilot/pajarinen-mika/" sameAs: - "https://orcid.org/0000-0001-9087-5991" - "https://scholar.google.com/citations?user=7sGKgwsAAAAJ" date_published: "2021-09-06" series: "ETLA Raportit - Reports" series_number: "116" issn: - "2323-2447" - "2323-2455" jel_codes: - "L16" - "L8" - "L84" language: "fi" publisher: "ETLA Economic Research" pdf_url: "https://www.etla.fi/wp-content/uploads/ETLA-Raportit-Reports-116.pdf" identifier: "https://www.etla.fi/julkaisut/id/ETLA-Raportit---Reports-116" abstract_translations: en: "In this study, we analyse the size and role of the Finnish event industry by utilising both industry- and firm-level data. Furthermore, we study the impacts of the Covid-19 crisis on companies operating in the event industry. Based on our results, the event industry accounts for 1.2% of the Finnish GDP. It should be noted that in addition to companies, the event industry consists of associations, foundations and other non-profit organisations. Depending on the definition, the Finnish event industry included in 2019 approximately 8,354–9,126 companies with 15,200–19,500 employees (full-time equivalent), which corresponds to 0.9–1.2% of the employment of all companies. The companies operating in the event industry generated EUR 800–1,200 million value added, corresponding to 0.6–0.9% of the value added of all companies. The turnover decreased between 2019 and 2020 for 70% of these companies. In every fourth of the companies, turnover decreased by at least 50%. Due to update delays of the firm-level data, these shares are probably downward biased because we were not able to take into account the role of companies that that ceased operations." --- # The Role of the Event Industry in the Finnish Economy **Published:** 2021-09-06 **Categories:** Publikationer, Rapporter **URL:** https://www.etla.fi/sv/publikationer/tapahtuma-alan-rooli-suomen-taloudessa/ #### Abstract In this study, we analyse the size and role of the Finnish event industry by utilising both industry- and firm-level data. Furthermore, we study the impacts of the Covid-19 crisis on companies operating in the event industry. Based on our results, the event industry accounts for 1.2% of the Finnish GDP. It should be noted that in addition to companies, the event industry consists of associations, foundations and other non-profit organisations. Depending on the definition, the Finnish event industry included in 2019 approximately 8,354–9,126 companies with 15,200–19,500 employees (full-time equivalent), which corresponds to 0.9–1.2% of the employment of all companies. The companies operating in the event industry generated EUR 800–1,200 million value added, corresponding to 0.6–0.9% of the value added of all companies. The turnover decreased between 2019 and 2020 for 70% of these companies. In every fourth of the companies, turnover decreased by at least 50%. Due to update delays of the firm-level data, these shares are probably downward biased because we were not able to take into account the role of companies that that ceased operations. --- ## Additional Information **Kirjoittajat:** Ali-Yrkkö, Jyrki - Pajarinen, Mika 65352 **Kansikuva:** https://www.etla.fi/wp-content/uploads/etla-raportit-reports-116-kansi.jpg **Lataa Pdf:** https://www.etla.fi/wp-content/uploads/ETLA-Raportit-Reports-116.pdf **Key Words:** Event industry, Event, Significance, Covid-19, Impact, Role, Definition **Jel:** L16, L8, L84 **Paivays:** 06.09.2021 **Sivuja:** 19 **Kieli:** fi **Sarja:** ETLA Raportit - Reports **Sarja Nro:** 116 **Issn:** 2323-2447, 2323-2455 (Pdf) **Saatavuus:** 2 **Publication Research:** No ## Bibliographic metadata (JSON-LD) ```json { "@context": "https://schema.org", "@type": "ScholarlyArticle", "@id": "https://www.etla.fi/julkaisut/id/ETLA-Raportit---Reports-116", "headline": "The Role of the Event Industry in the Finnish Economy", "inLanguage": "fi", "publisher": { "@type": "Organization", "name": "ETLA Economic Research", "url": "https://www.etla.fi", "logo": { "@type": "ImageObject", "url": "https://www.etla.fi/wp-content/uploads/logo-etla_logo.svg" } }, "datePublished": "2021-09-06T00:00:00+00:00", "author": [ { "@type": "Person", "name": "Ali-Yrkkö, Jyrki", "url": "https://www.etla.fi/henkilot/ali-yrkko-jyrki/", "sameAs": [ "https://orcid.org/0009-0005-2977-6878" ] }, { "@type": "Person", "name": "Pajarinen, Mika", "url": "https://www.etla.fi/henkilot/pajarinen-mika/", "sameAs": [ "https://orcid.org/0000-0001-9087-5991", "https://scholar.google.com/citations?user=7sGKgwsAAAAJ" ] } ], "abstract": "", "keywords": [ { "@type": "DefinedTerm", "name": "Event industry", "@language": "en" }, { "@type": "DefinedTerm", "name": "Event", "@language": "en" }, { "@type": "DefinedTerm", "name": "Significance", "@language": "en" }, { "@type": "DefinedTerm", "name": "Covid-19", "@language": "en" }, { "@type": "DefinedTerm", "name": "Impact", "@language": "en" }, { "@type": "DefinedTerm", "name": "Role", "@language": "en" }, { "@type": "DefinedTerm", "name": "Definition", "@language": "en" } ], "isPartOf": { "@type": "PublicationIssue", "issueNumber": "116", "isPartOf": { "@type": "Periodical", "name": "ETLA Raportit - Reports", "issn": [ "2323-2447", "2323-2455" ] } }, "mainEntityOfPage": "https://www.etla.fi/sv/publikationer/tapahtuma-alan-rooli-suomen-taloudessa/", "url": "https://www.etla.fi/sv/publikationer/tapahtuma-alan-rooli-suomen-taloudessa/", "hasPart": { "@type": "CreativeWork", "inLanguage": "en", "text": "In this study, we analyse the size and role of the Finnish event industry by utilising both industry- and firm-level data. 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