Timely indicators: Business bankruptcies in Finland
Finland: Timely indicators: Business bankruptcies was 3,488 Enterprises in 2024. ▼ Falling
Timely indicators of entrepreneurship by enterprise characteristics in Finland, 1986–2024
Source: Organisation for Economic Co-operation and Development. Measured in Enterprises.
Analysis
In 2024, timely indicators of entrepreneurship by enterprise characteristics in Finland stood at 3,488 Enterprises.
Compared with earlier readings it is up 5.2% on the previous year and up 16.8% over ten years.
Over the whole period, timely indicators of entrepreneurship by enterprise characteristics in Finland peaked at 7,391 Enterprises in 1992 and was at its lowest, 2,135 Enterprises, in 2020.
The long-run direction has been consistently falling across the 39 years of available data.
Timely indicators: Business bankruptcies in Finland, year by year
| Year | Enterprises | Change |
|---|---|---|
| 1986 | 2,503 Enterprises | — |
| 1987 | 2,844 Enterprises | +13.6% |
| 1988 | 2,583 Enterprises | -9.2% |
| 1989 | 2,749 Enterprises | +6.4% |
| 1990 | 3,634 Enterprises | +32.2% |
| 1991 | 6,255 Enterprises | +72.1% |
| 1992 | 7,391 Enterprises | +18.2% |
| 1993 | 6,861 Enterprises | -7.2% |
| 1994 | 5,545 Enterprises | -19.2% |
| 1995 | 4,700 Enterprises | -15.2% |
| 1996 | 4,296 Enterprises | -8.6% |
| 1997 | 3,612 Enterprises | -15.9% |
| 1998 | 3,138 Enterprises | -13.1% |
| 1999 | 3,080 Enterprises | -1.8% |
| 2000 | 2,908 Enterprises | -5.6% |
| 2001 | 2,794 Enterprises | -3.9% |
| 2002 | 2,885 Enterprises | +3.3% |
| 2003 | 2,769 Enterprises | -4.0% |
| 2004 | 2,428 Enterprises | -12.3% |
| 2005 | 2,278 Enterprises | -6.2% |
| 2006 | 2,285 Enterprises | +0.3% |
| 2007 | 2,254 Enterprises | -1.4% |
| 2008 | 2,612 Enterprises | +15.9% |
| 2009 | 3,275 Enterprises | +25.4% |
| 2010 | 2,864 Enterprises | -12.5% |
| 2011 | 2,947 Enterprises | +2.9% |
| 2012 | 2,961 Enterprises | +0.5% |
| 2013 | 3,131 Enterprises | +5.7% |
| 2014 | 2,986 Enterprises | -4.6% |
| 2015 | 2,574 Enterprises | -13.8% |
| 2016 | 2,408 Enterprises | -6.4% |
| 2017 | 2,168 Enterprises | -10.0% |
| 2018 | 2,546 Enterprises | +17.4% |
| 2019 | 2,623 Enterprises | +3.0% |
| 2020 | 2,135 Enterprises | -18.6% |
| 2021 | 2,472 Enterprises | +15.8% |
| 2022 | 2,654 Enterprises | +7.4% |
| 2023 | 3,315 Enterprises | +24.9% |
| 2024 | 3,488 Enterprises | +5.2% |
Finland compared with similar countries
- Finland's 3,488 Enterprises is below the median for Europe & Central Asia, which is 5,872 Enterprises, 59% of the median. (10 countries reporting)
- Finland's 3,488 Enterprises is below the median for high income countries, which is 5,589 Enterprises, 62% of the median. (13 countries reporting)
Biggest year-on-year movements
Years where Timely indicators: Business bankruptcies in Finland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | +72.1% | 3,634 Enterprises | 6,255 Enterprises |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2,670 Enterprises | 2,503 Enterprises | 2,844 Enterprises | 4 |
| 1990s | 4,851 Enterprises | 3,080 Enterprises | 7,391 Enterprises | 10 |
| 2000s | 2,649 Enterprises | 2,254 Enterprises | 3,275 Enterprises | 10 |
| 2010s | 2,721 Enterprises | 2,168 Enterprises | 3,131 Enterprises | 10 |
| 2020s | 2,813 Enterprises | 2,135 Enterprises | 3,488 Enterprises | 5 |
Countries ranked near Finland
More economy & growth data for Finland
- Real gdp growth, annual growth rate 129.09 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.48 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.51 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.08 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 856.76 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.84 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 625.6 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.01 % change on previous year (2025)
Frequently asked questions
- What is timely indicators of entrepreneurship by enterprise characteristics in Finland?
- Timely indicators of entrepreneurship by enterprise characteristics in Finland was 3,488 Enterprises in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest timely indicators of entrepreneurship by enterprise characteristics recorded in Finland?
- The highest recorded value was 7,391 Enterprises in 1992.
- What is the lowest timely indicators of entrepreneurship by enterprise characteristics recorded in Finland?
- The lowest recorded value was 2,135 Enterprises in 2020.
- How does Finland rank for timely indicators of entrepreneurship by enterprise characteristics?
- Finland ranks 10th out of 13 countries with data for 2024.
- Is timely indicators of entrepreneurship by enterprise characteristics rising or falling in Finland?
- Over the last ten years it is up 16.8%. The long-run trend across the full record is falling.
- Where does this Finland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Timely indicators of entrepreneurship by enterprise characteristics — Business bankruptcies. Statizoid updates them automatically from the source API.
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About this data
Timely Indicators of Entrepreneurship have become integral part of business statistics offering of most OECD member countries and beyond. It supplements more complete annual datasets (e.g. Business Demography, Structural Business Statistics by Size class) with more timely monthly or quarterly information on a limited number of indicators.Data are broken down whenever available byeconomic activity according to International Standard Industrial Classification, Revision 4 (ISIC Rev.4): ISIC Rev. 4 at the level of sections (letters) and higher aggregates, most often covering the total economy, geographic area at country and TL2 level of the OECD Territorial grids, legal form into three main groups: Limited liability (LL), Partnership (PA) and Sole proprietorship (SP). With very few exceptions, series are not seasonally or calendar adjusted, so care should be taken in interpreting sub-annual changes. Timely Indicators of Entrepreneurship provide valuable information to policy makers and researchers on most recent trends in business dynamics.Related datasets:Employer Business Demography Statistics,Business Demography Statistics,Structural Business Statistics by Size Class.