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National economy

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

release | Financial accounts 2022, 1st quarter

Change

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 change

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.

Key selections

  • 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.


Change

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 change

Data revisions

See key statistical data in the tables.

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

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

Database tables

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Updated database tables
Classifications used:
  • Instrument
  • Debtor sector
  • Sector
Period:
quarter
Updated:
Classifications used:
  • Sector
Period:
quarter
Updated:
Classifications used:
  • Debtor sector
  • Instrument
  • Sector
Period:
annual
Updated:

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Timo Ristimäki
Senior Statistician
029 551 2324
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