General Economic Indicators

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Statistics data

Last year of update - 2021. Depth of presentation - 2017–2021
Sources: Statistics Finland, Finnish Customs, Association of Finnish Municipalities, Finnish Tax Administration, National land survey of Finland,  Eurostat, World Bank, Business Finland
 

See in tabular form

Population (2020)

5814 MEUR
Gross value added at basic prices (2020)
2,8% Gross value added at basic prices (2020)
1247 MEUR
Investment in fixed assets (2019)
2,2% Investment in fixed assets (2019)

Social insurance contributions for employers, % (2021)
Earnings-related pension contribution 16,95
Health insurance contribution 1,53
Unemployment insurance contribution 0,5-1,9

Basic tax rates, the regional average, % (2021)
Municipal property tax 1,37
Municipal income tax 21,27

Turnover of enterprises by main types of economic activity, MEUR (2020)

Main socio-economic indicators

Indicator 2017 2018 2019 2020 2021
Population, thous.people (Kymenlaakso) 169 167 164 163 161
Employed labour force resident in the area, thous.people (Kymenlaakso) 63 64 63 61 N/A
Gross value added at basic prices, MEUR (Kymenlaakso) 5524 5813 5979 5814 N/A
Gross value added at basic prices, MEUR 195707 201314 207526 204137 N/A
Turnover of establishments of enterprises, MEUR (Kymenlaakso) 10231 11202 11636 11064 N/A
Retail trade turnover, MEUR (Kymenlaakso) 1159 1187 1194 1239 N/A
Investments in fixed assets, MEUR (Kymenlaakso) 1307 1758 1247 N/A N/A
Investments in fixed assets, MEUR (Finland) 52839 56183 57122 57553 N/A
Average speed of Internet access (Finland), Mbps/sec 21 24 29 44 55

Financial stability of the region

Indicator 2017 2018 2019 2020 2021
The volume of tax revenues to the budget of Kymenlaakso, TEUR 695517 681447 700507 N/A
The volume of tax revenues to the budget of Finland, TEUR 22460318 22336075 22917400 N/A
Average monthly salary (Kymenlaakso), euro 3226 3294 3365 3441 N/A
Average monthly salary (Finland), euro 3395 3465 3527 3653 N/A

Social insurance contributions for employers (Finland), %

Indicator 2017 2018 2019 2020 2021
Earnings-related pension contribution 17,95 17,75 17,35 16,95 16,95
Health insurance contribution 1,08 0,86 0,77 1,34 1,53
Unemployment insurance contribution 0,8–3,3 0,65–2,6 0,5–2,05 0,45–1,7 0,5–1,9

Basic tax rates (Kymenlaakso), %

Indicator 2017 2018 2019 2020 2021
Municipal property tax, regional average 1,35 1,35 1,36 1,36 1,37
Municipal income tax, regional average 20,96 20,98 20,99 21,27 21,27
Turnover of enterprises by main types of economic activity (Kymenlaakso), MEUR
Agriculture, forestry and fishing 64 64 62 53 N/A
Mining and quarrying 33 31 30 29 N/A
Manufacturing  3982 4510 4455 3862 N/A
Construction 845 796 803 857 N/A
Wholesale and retail trade 2198 2272 2493 2551 N/A
Transportation and storage 993 1123 1246 1320 N/A
Information and communication 454 588 676 656 N/A

Ease of doing business

Indicator 2017 2018 2019 2020 2021
Average number of days required to register a firm/ Start a Business (Finland), days no data no data 13
Average number of procedures required to register a firm / Start a Business (Finland), units no data no data 3
Average number of days required to obtain necessary construction permits (Finland), days no data no data 65
Average number of procedures required to obtain necessary construction permits (Finland), units no data no data 17
Average number of days required for a business to register a property (Finland), days no data no data 61
Average number of procedures legally required for a business to register property (Finland), units no data no data 3
Average number of days required for a business to obtain a permanent electricity connection (Finland), days no data no data 42
Average number of procedures required for a business to obtain a permanent electricity connection (Finland), units no data no data 5

Average energy and service prices

Indicator 2017 2018 2019 2020 2021
Electricity for industry (average annual consumption 500 ÷ 2000 MWh ), euro/kWh (Finland) no data no data 0,0894
Gas, euro/MWh (Finland) no data no data 52,17
Water supply , euro/ m3 (Kymenlaakso ) no data no data 1,64
Water disposal, euro/m3 (Kymenlaakso ) no data no data 2,21
Average purchase price for a hectare of agricultarul land, euro/ Ha (Kymenlaakso) no data no data 1080
Average purchase price for a square metre of industrial land, euro / m2 (Kymenlaakso) no data no data 1080
Average cost of renting office space, euro / m2 per month (Kymenlaakso) no data no data 7
Average cost of renting industrial premises, euro / m2 per month (Kymenlaakso) no data no data 6

Small and Medium Business Indicators (including microenterprises)

Indicator 2017 2018 2019 2020 2021
Number of SMEs, 1–200 employees, (Uusimaa) (Kymenlaakso) 11369 10948 10705 10696 N/A
The average number of employees employed in small businesses, thous. people (Kymenlaakso) 33 35 35 34 N/A
The gross value of products of small business, MEUR (Kymenlaakso) 6423 7028 7534 7338 N/A