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

Release related to topics:National economy
release | Financial accounts 2022, 1st quarter

Change

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 change

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.

Key selections

  • 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.


Change

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 change

Data revisions

See key statistical data in the tables.

Revisions to the sectors' financial assets from the first publication, EUR million

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

Database tables

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Updated database tables
11n9
Classifications used:
  • Sector
  • Debtor sector
  • Instrument
Reference period cycle:
quarter
Updating frequency:
quarter
Statistics:
Updated:
129g
Classifications used:
  • Sector
Reference period cycle:
quarter
Updating frequency:
quarter
Statistics:
Updated:
11qp
Classifications used:
  • Instrument
  • Sector
  • Debtor sector
Reference period cycle:
year
Updating frequency:
irregular
Statistics:
Updated:

Future releases

Documentation

Description of the production, used methods and quality of the statistics.

Go to documentation of the statistics

Referencing instructions

Official Statistics of Finland (OSF): Financial accounts [online publication].
Reference period: 2022, 1st quarter. ISSN=1458-8145. Helsinki: Statistics Finland [Referenced: 5.11.2024].
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Statistical experts

Inquiries primarily

Service email
rahoitus.tilinpito@stat.fi
Timo Ristimäki
Senior Statistician
029 551 2324

Other experts

Roope Rahikka
Senior Statistician
029 551 3338
Olli-Pekka Aaltonen
Senior Statistician
029 551 3090
External link Twitter@OPAaltonen

Head of Department in charge

Katri Kaaja
Head of Department in charge
029 551 3488