Topics

Households' net financial assets decreased in the first quarter of 2022

Statistics:

Financial accounts

Reference period:

2022, 1st quarter

Published:

28/06/2022

Next release:

28/09/2022

Publication type:

release

Revision release

For the statistical reference years 2000 to 2021, there was an exceptional revision in the statistics on general government debt by quarter, general government financial accounts and national accounts in the releases of 28 June 2022. The reason is the methodological change made to the treatment of government ARA loans, which raised the level of long-term loans in central and local government considerably for the entire time series on both liability and asset sides. Read more about the revision and its impact in our release.

Households’ financial assets declined by EUR 11.1 billion during the first quarter of 2022 falling to EUR 373.2 billion. In turn, households’ debts contracted by EUR 1.9 billion during the first quarter of 2022 decreasing to EUR 199.4 billion. As a result of these changes, households' net financial assets decreased by EUR 9.1 billion to EUR 173.8 billion. Net financial assets refer to the difference between financial assets and liabilities. These data derive from Statistics Finland’s financial accounts statistics.

The chart shows households' indebtedness ratio. Households’ loan debts increased by EUR 0.9 billion during the first quarter of 2022 rising to EUR 169.7 billion. However, households' indebtedness ratio went down by 0.2 percentage points from the previous quarter to 134.0 per cent. Households' indebtedness ratio is calculated as the ratio of their loan debts at the end of a quarter to their total disposable income during the preceding four quarters.

Key points

Households' indebtedness ratio fell slightly.
Holding losses decreased households’ financial assets.
Non-financial corporations’ debt financing decreased.
ARA interest subsidy loans will in future be presented in general government financial assets and liabilities.

Data revisions

See key statistical data in the tables.

28.06.2022

Revisions to the sectors' financial assets from the first publication, EUR million

	1st release	Revision	Latest release 28.6.2022
S11 Non-financial corporations	2021Q2	476 950	-302	476 648
2021Q3	479 532	1 171	480 703
2021Q4	491 367	1 475	492 842
S12 Financial and insurance corporations	2021Q2	1 337 081	621	1 337 702
2021Q3	1 381 864	-375	1 381 489
2021Q4	1 253 054	2 130	1 255 184
S13 General government	2021Q2	381 990	12 830	394 820
2021Q3	384 348	14 171	398 519
2021Q4	386 836	15 408	402 244
S14 Households	2021Q2	373 307	2 822	376 129
2021Q3	379 896	-457	379 439
2021Q4	387 174	-2 880	384 294
S15 Non-profit institutions serving households	2021Q2	32 191	30	32 221
2021Q3	31 718	-1	31 717
2021Q4	32 700	5	32 705
S2 Rest of the world	2021Q2	898 655	7 526	906 181
2021Q3	923 801	11 030	934 831
2021Q4	858 559	-1 193	857 366

28.06.2022

Revisions to the sectors' debts from the first publication, EUR million

	1st release	Revision	Latest release 28.6.2022
S11 Non-financial corporations	2021Q2	854 556	-1 717	852 839
2021Q3	845 056	3 421	848 477
2021Q4	868 893	-1 810	867 083
S12 Financial and insurance corporations	2021Q2	1 350 125	10 031	1 360 156
2021Q3	1 406 978	7 162	1 414 140
2021Q4	1 287 166	306	1 287 472
S13 General government	2021Q2	209 527	13 040	222 567
2021Q3	210 612	13 471	224 083
2021Q4	205 625	14 673	220 298
S14 Households	2021Q2	193 407	949	194 356
2021Q3	198 140	-356	197 784
2021Q4	201 422	-41	201 381
S15 Non-profit institutions serving households	2021Q2	3 427	-11	3 416
2021Q3	3 137	0	3 137
2021Q4	3 283	-1	3 282
S2 Rest of the world	2021Q2	889 132	1 235	890 367
2021Q3	917 236	1 841	919 077
2021Q4	843 301	1 818	845 119