Bioeconomy in numbers

The most up-to-date statistics describing the development of the bioeconomy are compiled on this website. The calculations are a joint effort between the Natural Resources Institute Finland (Luke) and Statistics Finland. The Finnish bioeconomy is monitored using five indicators: output, value added, investments, employment and exports. The primary data source is the annual national accounts, produced by Statistics Finland. The calculations do not account for the non-market values of the bioeconomy.

Value added in 2024*

• The value added by the bioeconomy was €26.8 billion, accounting for 11 percent of the total national economy's value added
• The forest sector accounted for 31% (EUR 8.2 billion) of the bioeconomy’s value added.
• The food sector, consisting mainly of agriculture and the food industry, contributed 20% (€5.4 billion) of the bioeconomy’s value added.

Output in 2024*

• The output of the bioeconomy was €82.0 billion, representing 16 percent of the total national economy’s output.
• The forest sector produced 36 percent (€29.4 billion) of the bioeconomy’s output.
• The food sector produced 24 percent (€19.8 billion) of the bioeconomy’s output.

Number of people employed in 2024*

• Bioeconomy sectors employed 288,800 people, which was 11 percent of all employed persons.
• The food sector employed one third (98,700 people), of whom:
  • 40,000 worked in the food industry,
  • 1,700 worked in fisheries and aquaculture,
  • 57,000 in agriculture
• The forest sector employed one fifth (57,900 people) of those working in the bioeconomy.

Investments in 2024*

• Investments in the bioeconomy amounted to 6.6 billion euros, accounting for 11 percent of all investments in the national economy.
• The forest sector accounted for 28 percent of bioeconomy investments (€1.9 billion), the food sector for 23 percent (€1.5 billion), and the energy sector for 17 percent (€1.1 billion)

Exports in 2024*

• The value of bioeconomy exports was EUR 19.9 billion, accounting for a quarter of total exports.
• Forest sector products accounted for 64% (€12.8 billion) of bioeconomy exports.