Published: 25 October 2019

Number of enterprise openings decreased, closures increased

According to Statistics Finland, the number of enterprise openings decreased by three per cent in the second quarter of 2019 from the respective quarter in 2018. The number of enterprise closures, in turn, were nearly one-and-a-half times higher in the first quarter of 2019 compared with the year before.

Enterprise openings by region, 2nd quarter of 2019

Enterprise openings by region, 2nd quarter of 2019

Enterprise openings, 2nd quarter of 2019

According to Statistics Finland, there were 8,381 enterprise openings in April to June 2019. There were 264 or three per cent fewer enterprise openings than in the corresponding period in 2018.

Examined by industry, the number of enterprise openings was highest in professional, scientific and technical activities. Altogether 1,360 enterprises were opened in this industry, which was 16 per cent of all enterprise openings in the second quarter. There were second most enterprise openings in the industry of construction, 1,057 enterprises and third most in trade, 885 enterprises. The number of enterprise openings increased most in the industry of transport and storage (+212) and decreased most in trade (-205) compared with the second quarter of 2018.

Examined by region, most enterprise openings were recorded in Uusimaa, 3,302 enterprises. The number of enterprise openings was next highest in Pirkanmaa (783) and Southwest Finland (720). The number of enterprise openings decreased most in North Ostrobothnia (-114) and increased most in Uusimaa (+41) compared with the corresponding period in 2018.

Examined by sub-regional unit, the number of enterprise openings was highest in the sub-regional unit of Helsinki, 3,123 enterprises. There were 635 enterprise openings in the sub-regional unit of Tampere and 524 in the sub-regional unit of Turku. The number of enterprise openings decreased most in the sub-regional unit of Oulu (-88) year-on-year and clearly grew most in the sub-regional unit of Helsinki (+59).

Examined by municipality, most enterprise openings were recorded in Helsinki, 1,619 in the second quarter of 2019. The number of enterprise openings was second highest in Espoo (511), Vantaa (418), Tampere (413) and Turku (346). Compared to the second quarter of 2018, enterprise openings rose most in Vantaa (+62) and decreased most in Oulu (-60).

Examined by legal form, in the second quarter of 2019 enterprise openings of the form of natural person numbered 5,136 and those of the form of limited company 2,752. Enterprise openings of the form of natural person accounted for 61 per cent and those of the form of limited company for 33 per cent of all enterprise openings.

Enterprise closures, 1st quarter of 2019

According to Statistics Finland, there were 6,500 enterprise closures in January to March 2019. The number of enterprise closures grew by as much as 41 per cent from the first quarter of 2018 when there were around 1,900 fewer enterprise closures.

Examined by industry, the number of enterprise closures was highest in professional, scientific and technical activities, 1,198 enterprises. This was 18 per cent of all enterprise closures in the first quarter of 2019. There were second most closures in the industry of trade, 998 enterprises and third most in the construction industry, 834 enterprise closures. In all other main industries apart from electricity, gas, steam and air conditioning supply, the number of enterprise closures increased from the corresponding period in 2018.

Examined by region, most enterprise closures were recorded in Uusimaa, 2,540 enterprises. The number of enterprise closures was next highest in Southwest Finland (630) and Pirkanmaa (561). There were fewer enterprise closures than last year only in Central Ostrobothnia (-3).

Examined by sub-regional unit, the number of enterprise closures in the first quarter of 2019 was highest in the sub-regional unit of Helsinki, 2,397. There were 469 enterprise closures in the sub-regional unit of Tampere and 437 in the sub-regional unit of Turku. Compared to the first quarter of 2018, the number of enterprise closures clearly increased most in the sub-regional unit of Helsinki (+829) and decreased most in the sub-regional unit of Pohjois-Satakunta (-8).

Examined by municipality, most enterprise closures were recorded in Helsinki, 1,253, in the first quarter of 2019. The number of enterprise closures was second highest in Espoo (391), Tampere (303), Vantaa (276) and Turku (263). Compared with 2018, enterprise closures rose most in Helsinki (+413) and fell most in Mäntsälä (-17).

Examined by legal form, in the first quarter of 2019 enterprise closures of the form of natural person numbered 3,505 and those of the form of limited company 2,378. Enterprise closures of the form of natural person accounted for 54 per cent and those of the form of limited company for 37 per cent of all enterprise closures.

Enterprise closures by region, 1st quarter of 2019

Enterprise closures by region, 1st quarter of 2019

Enterprise openings and closures are deduced from the Tax Administration's customer database. Changes in the Tax Administration's data systems or database maintenance can have an effect on the data of the statistics and comparability of time series.


Source: Enterprise openings 2019, 2nd quarter; enterprise closures 2019, 1st quarter. Statistics Finland

Inquiries: Ritva Tikkanen 029 551 3300, Jyri Järvinen 029 551 3562, rakenne.tilastot@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (219.1 kB)

Tables

Tables in databases

Appendix tables


Updated 25.10.2019

Referencing instructions:

Official Statistics of Finland (OSF): Enterprise openings and closures [e-publication].
ISSN=1799-2346. 2nd quarter 2019. Helsinki: Statistics Finland [referred: 18.11.2019].
Access method: http://www.stat.fi/til/aly/2019/02/aly_2019_02_2019-10-25_tie_001_en.html