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Published: 26 March 2021

Households’ net financial assets increased in the fourth quarter of 2020

Households’ financial assets grew by EUR 11.7 billion during the fourth quarter of 2020 rising to EUR 354.4 billion. In turn, households’ debts increased by EUR 0.3 billion during the fourth quarter of 2020 rising to EUR 186.3 billion. As a result of these changes, households' net financial assets increased by EUR 11.4 billion to EUR 168.0 billion. Net financial assets refer to the difference between financial assets and liabilities. These data derive from Statistics Finland’s financial accounts statistics.

Change from the previous quarter in households’ net financial assets

Holding gains boosted households’ financial assets

During the fourth quarter of 2020, households increased their net investments in financial assets by EUR 3.4 billion. Households' net investments increased in deposits, quoted shares and mutual funds and decreased in debt securities. Even though households' net investments in financial assets increased, holding gains, in particular, helped raise the total level of financial assets.

Households’ indebtedness ratio increased

Households’ loan debts grew by EUR 1.5 billion during the fourth quarter of 2020 rising to EUR 162.6 billion. Households' indebtedness ratio rose by 0.5 percentage points from the previous quarter to 132.7 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.

Non-financial corporations’ debt financing decreased

Non-financial corporations’ debt financing declined by EUR 1.6 billion during the fourth quarter of 2020 falling to EUR 265.7 billion. In the fourth quarter of 2020, non-financial corporations’ financing in the form of debt securities increased by EUR 0.2 billion to EUR 33.4 billion, while non-financial corporations' loan debts went down by EUR 1.8 billion to EUR 232.3 billion. Debt financing refers to the total of loan debts and financing in the form of debt securities.

Source: Financial accounts, Statistics Finland

Inquiries: Jose Lahtinen 029 551 3776, Niklas Elfving 029 551 3411, rahoitus.tilinpito@stat.fi

Head of Department in charge: Katri Kaaja

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Appendix tables

• Appendix table 1. Financial liabilities of Non-financial corporations, excl. housing corporations, EUR million (26.3.2021)
• Appendix table 2. Households' indebtedness ratio (26.3.2021)

Figures

• Appendix figure 1. Households financial assets (26.3.2021)
• Appendix figure 2. Households net acquisitions of deposits, quoted shares and mutual fund shares (26.3.2021)
• Appendix figure 3. Households indebtedness ratio (26.3.2021)

Revisions in these statistics

• Revisions in these statistics (26.3.2021)

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Updated 26.3.2021