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Households’ saving rate fell in the second quarter of 2022

release 16/09/2022 | Quarterly sector accounts 2022, 2nd quarter

According to Statistics Finland, households’ seasonally adjusted saving rate fell in April to June from the previous quarter. In April to June, the saving rate was -2.5 per cent. Consumption expenditure grew relatively more than disposable income. Households’ investment rate remained on level with the previous quarter. The profit share of the non-financial corporations sector grew from the previous quarter and stood at 35.6 per cent. The investment rate of the non-financial corporations sector remained on the previous quarter's level, being 26.3 per cent.

The line chart describes the seasonally adjusted development of four indicators starting from 2010.
The profit share of non-financial corporations was around 29 per cent in the first quarter of 2010, after which it grew steadily, and it was around 36 per cent in the second quarter of 2022.
In the first quarter of 2010, the investment rate of non-financial corporations was around 28 per cent, after which it has varied between 25 and 30 per cent. In the second quarter of 2022, the investment rate was 26 per cent.
Households' investment rate in the first quarter of 2010 was some 12 per cent, from which it has slowly risen to 15 per cent in the second quarter of 2022.
In the first quarter of 2010, households' saving rate was around six per cent, from which it fell below zero per cent during the next few years. Up to 2020, the development was on both sides of zero per cent, until in 2020 when it first rose sharply to nearly 10 per cent. In the second quarter of 2022, the saving rate was -2.5 per cent.

Key points

The profit share of non-financial corporations grew steeply in April to June. The profit share grew because the operating surplus, or non-financial corporations' profits, grew more than wages and salaries paid. The investment rate of the non-financial corporations sector remained unchanged.
The seasonally adjusted value added of financial and insurance corporations grew by 1.9 per cent and the operating surplus fell by 0.3 per cent compared with the quarter last year.
General government total revenue grew more than total expenditure in April to June. The sector's surplus amounted to EUR 1.4 billion.
Households' adjusted disposable income grew at current prices by 3.1 per cent and adjusted for price changes it diminished by 1.2 per cent compared to the quarter last year.
The current account was EUR 6.2 billion in deficit in the second quarter of 2022.

Statistics used in the release

Quarterly sector accounts

Data revisions

See key statistical data in the tables.

16.09.2022

Revisions in these Statistics

	1st release (%)	Latest release (%)	Revision (%-yks)
Household (S14) investment rate	2021Q1	13,3	13,0	-0,3
2021Q2	13,3	13,5	0,2
2021Q3	14,0	14,0	-0,0
2021Q4	15,0	14,5	-0,5
2022Q1	15,3	14,9	-0,3
Household (S14) saving rate	2021Q1	5,4	4,5	-0,9
2021Q2	2,9	3,5	0,6
2021Q3	0,6	0,8	0,1
2021Q4	-2,5	0,2	2,7
2022Q1	1,6	1,5	-0,1
Non-financial corporations (S11) investment rate	2021Q1	27,7	29,6	1,9
2021Q2	27,0	28,9	1,9
2021Q3	24,9	27,0	2,2
2021Q4	25,4	26,8	1,5
2022Q1	26,7	26,3	-0,4
Non-financial corporations (S11) profit share	2021Q1	29,2	29,9	0,7
2021Q2	31,9	30,5	-1,3
2021Q3	31,6	30,1	-1,6
2021Q4	36,9	33,5	-3,4
2022Q1	31,2	32,0	0,9