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National economy

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

Statistics:
Reference period:
2022, 1st quarter
Published:
Next release:
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

28.06.2022

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

Database tables

Database tables related to this release

Updated database tables
Classifications used:
  • Instrument
  • Debtor sector
  • Sector
Updated:
28.06.2022
Classifications used:
  • Sector
Updated:
28.06.2022
Classifications used:
  • Debtor sector
  • Instrument
  • Sector
Updated:
28.06.2022

Background information

Documentation
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Statistical experts

Inquiries primarily
Timo Ristimäki
Senior Statistician
029 551 2324
Other experts
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