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Estimates of company insolvency risk due to the coronavirus in Finland 2020

According to surveys from March and May 2020, almost one third of the Finnish companies estimated that their business faces a significantly higher risk of insolvency because of the coronavirus (COVID-19) outbreak. The share of companies dealing with a possible insolvency risk first was around 30 percent in March, and 26.5 percent two months later in May. At the same time, 73.5 percent of the respondents did not report an increased probability of insolvency as of May.

Share of Finnish companies at higher risk of insolvency due to the COVID-19 outbreak as of March and May 2020

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Release date

May 2020



Survey time period

March 16-17; March 30; May 18, 2020

Number of respondents

3,814; 3,358 and 3,392 respondents

Special properties

Member companies of the Finnish Chamber of Commerce

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "Onko yrityksesi konkurssin riski noussut merkittävästi koronavirusepidemian takia?".

The figures have been taken from several publications.

The source adds the following information: "The respondent groups of the three survey rounds were similar with each other."

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Statistics on "Economic impact of COVID-19 in Finland"

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