IDEAS home Printed from https://ideas.repec.org/p/rif/report/148.html
   My bibliography  Save this paper

The Data Act – Insights into the Affected Markets in Finlands

Author

Listed:
  • Koski, Heli
  • Pajarinen, Mika

Abstract

The Data Act, coming into effect in September 2025, imposes new obligations on manufacturers of connected products and providers of related services. This report provides insights into the markets affected by the Data Act and evaluates the scope of business activity it covers in Finland. Large and medium-sized enterprises subject to the Data Act had a turnover of over 44 billion euros in 2021, with a value added 14 billion euros, accounting for 5.8 percent of Finland’s gross domestic product. When taking into account also small and micro-enterprises, which are subject to the obligation to provide data held by them to authorities in exceptional situations, the combined turnover of companies reaches 51 billion euros, with a value added of 17 billion euros, constituting 6.9 percent of GDP. The estimated value of data assets belonging to large and medium-sized enterprises subject to the Data Act is about 4.0–4.5 billion euros, while the estimated value of data assets of all companies is 5.6–6.2 billion euros. However, these figures are subject to uncertainty, mainly due to the interpretative ambiguity of the data regulation and issues related to statistical practices.

Suggested Citation

  • Koski, Heli & Pajarinen, Mika, 2024. "The Data Act – Insights into the Affected Markets in Finlands," ETLA Reports 148, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:report:148
    as

    Download full text from publisher

    File URL: https://www.etla.fi/wp-content/uploads/ETLA-Raportit-Reports-148.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rif:report:148. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kaija Hyvönen-Rajecki (email available below). General contact details of provider: https://edirc.repec.org/data/etlaafi.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.