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Quarterly sector accounts 2022, 3rd quarter

Households’ saving rate fell in the third quarter of 2022

release

According to Statistics Finland, households’ seasonally adjusted saving rate fell in July to September from the previous quarter. In July to September, the saving rate was -3.5 per cent. Consumption expenditure, which is directly affected by high inflation, grew in relative terms more than disposable income. Households’ investment rate remained roughly on level with the previous quarter. The profit share of non-financial corporations fell from the previous quarter and stood at 32.5 per cent. The investment rate of the non-financial corporations sector remained on the level of the previous quarter, being 26.3 per cent.

Correction

Household debt has been corrected in tables 11ii and 122a following a technical error for quarters 2022Q1-2022Q3

Read more about the correction
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 33 per cent in the third 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 third quarter of 2022, the investment rate was 27 per cent. Households' investment rate in the first quarter of 2010 was some 12 per cent, from which it has slowly risen to good 15 per cent in the third 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 it first rose sharply to nearly 10 per cent in the first quarter of 2020 and then started to fall again. In the third quarter of 2022, the saving rate was -3.5 per cent.

Key selections

  • The profit share of non-financial corporations fell by 1.9 percentage points from the previous quarter. The investment rate of the non-financial corporations sector remained unchanged.
  • The seasonally adjusted value added of financial and insurance corporations fell by 3.0 per cent and the operating surplus went down by 8.9 per cent compared to the previous quarter.
  • Consolidated total general government revenue grew at current prices by 7.5 per cent and consolidated total expenditure by 5.0 per cent from the quarter twelve months back. The sector's deficit amounted to EUR 2.7 billion.
  • Households' adjusted disposable income grew at current prices by 3.7 per cent and adjusted for price changes it diminished by -1.6 per cent compared to the quarter last year.
  • The current account was EUR 1.7 billion in deficit in the third quarter of 2022.

Data revisions

See key statistical data in the tables.

Revisions in these Statistics

Database tables

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Updated database tables
11ii
Statistics:
Updated:
11ik
Statistics:
Updated:
122a
Statistics:
Updated:

Future releases

Referencing instructions

Quarterly sector accounts [online publication].
Reference period: 2022, 3rd quarter. ISSN=2243-4992. Helsinki: Statistics Finland [Referenced: 14.7.2026].
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Related topics

National economy

Contact information

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Natael Kivari
Senior Statistician
029 551 3361
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Katri Kaaja
Head of Department in charge
029 551 3488