The Role of the Largest Companies in the Finnish Economy

Jyrki Ali-Yrkkö, Ilkka Ylhäinen, Mika Pajarinen and Tero Kuusi

No 109, ETLA Reports from The Research Institute of the Finnish Economy

Abstract: 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.

Keywords: Large; Largest; Companies; Firms; GDP; Gross domestic product; Concentration; Group; Granular (search for similar items in EconPapers)
JEL-codes: E22 F23 L11 L25 M21 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2021-03-25
New Economics Papers: this item is included in nep-mac
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