Published: 22 September 2017

Saving rate of the household sector was negative in the second quarter of 2017

Households’ saving rate weakened in April to June from the previous quarter. The fall in the saving rate is explained by both growing consumption expenditure and a slight fall in disposable income. Households’ investment rate grew from the previous quarter. The profit share of the non-financial corporations sector remained on level with the previous quarter and enterprises’ investment rate grew from the quarter before. These data derive from Statistics Finland’s quarterly sector accounts.

Key indicators for households and non-financial corporations, seasonally adjusted

Key indicators for households and non-financial corporations, seasonally adjusted

In April to June, households' saving rate declined by 0.9 percentage points to -2.2 per cent. The saving rate refers to the share of savings in disposable income. Households’ investment rate continued growing and rose by 0.3 percentage points to 12.5 per cent. Most of households' investments were investments in dwellings. Households' adjusted disposable income grew from the corresponding quarter in 2016 by 1.0 per cent adjusted for price changes. Adjusted income is the indicator recommended by the OECD for evaluating the economic well-being of households. Adjusted disposable income is derived by adding individual services produced by the public sector, such as education, health and social services, to the disposable income of households.

In the second quarter of 2017, the profit share of non-financial corporations, or the share of profits in value added, remained unchanged at 28.9 per cent. The investment rate of non-financial corporations, or the proportion of investments in value added, rose by 0.3 percentage points to 28.8 per cent.

The key figures were calculated from seasonally adjusted time series. Sector accounts are calculated only at current prices. However, a volume indicator describing the development adjusted for price changes is calculated for households' adjusted disposable income in a separate Appendix table. The profit share, saving rate and investment rate are calculated from net figures, which means that consumption of fixed capital is taken into account. Households do not include non-profit institutions serving households.


Source: Sector accounts, Statistics Finland

Inquiries: Pekka Tamminen 029 551 2460, Juha Martikainen 029 551 3225, kansantalous.suhdanteet@stat.fi

Director in charge: Ville Vertanen

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Updated 22.9.2017

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly sector accounts [e-publication].
ISSN=2243-4992. 2nd quarter 2017. Helsinki: Statistics Finland [referred: 25.11.2017].
Access method: http://www.stat.fi/til/sekn/2017/02/sekn_2017_02_2017-09-22_tie_001_en.html

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