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Latest publication: Quarterly sector accounts 2021, 4th quarter

Published: 16 March 2017

Saving rate of the household sector was negative in the fourth quarter of 2016

The saving rate was kept negative in the fourth quarter by continued strong household consumption because households' disposable income increased further in the fourth quarter. The saving rate refers to the share of savings in disposable income. The profit share of the non-financial corporations sector grew compared to the previous quarter as the sector's value added grew more than compensation of employees paid. The investment rate of non-financial corporations also improved clearly from the previous quarter. 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

Households’ saving rate remained almost unchanged and changed by 0.1 percentage points from the -1.9 per cent in the previous quarter to -1.8 per cent in October to December. Households’ investment rate continued growing and rose by 0.2 percentage points to 11.8 per cent. Most of households' investments were investments in dwellings. Households' adjusted disposable income grew from the corresponding quarter in 2015 by 1.4 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 fourth quarter of 2016, the profit share of non-financial corporations, or the share of profits in value added, grew by 0.5 percentage points to 26.1 per cent. The investment rate of non-financial corporations, or the proportion of investments in value added, increased by 1.3 percentage points to 27.5 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.

A content change caused by the source data of local government has taken place in the figures describing general government (S13) in the statistics, which mainly affects the levels of general government market output, intermediate consumption and total expenditure and income starting from 2015.

Source: Sector accounts, Statistics Finland

Inquiries: Pekka Tamminen 029 551 2460, Katri Soinne 029 551 2778,

Director in charge: Ville Vertanen

Publication in pdf-format (354.5 kB)


Tables in databases

Appendix tables

Revisions in these statistics

Updated 16.3.2017

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly sector accounts [e-publication].
ISSN=2243-4992. 4th quarter 2016. Helsinki: Statistics Finland [referred: 19.8.2022].
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