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Households’ saving rate was close to zero in the second quarter of 2023

Release related to topics:National economy
release | Quarterly sector accounts 2023, 2nd quarter
More recent data have been published on these statistics. Go to the latest publication.

According to Statistics Finland, households' seasonally adjusted saving rate in April to June remained roughly on level with the previous quarter. In April to June, the saving rate was 0.9 per cent. Consumption expenditure, which is directly affected by high inflation, grew in practice almost as much as disposable income. The investment rate of households fell slightly from the previous quarter.

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. The profit share decreased by around 24 per cent in the second quarter of 2012. After this, the profit share has grown steadily and in the second quarter of 2023, the profit share was around 29 per cent. 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 2023, the investment rate was 30 per cent. In the first quarter of 2010, households' investment rate was around 12 per cent, from which it has slowly fallen slightly at times and risen slightly at times. In the second quarter of 2023, households' investment rate was 13 per cent. 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 2023, the saving rate was 0.9 per cent.

Key selections

  • The seasonally adjusted profit share of non-financial corporations fell by -0.4 percentage points from the previous quarter, being 28.7 per cent. Non-financial corporations’ investment rate remained on level with the previous quarter, at 29.6 per cent.
  • Seasonally adjusted value added of financial and insurance corporations grew by 8.4 per cent and operating surplus grew by 13.8 per cent compared to the previous quarter.
  • The financial position of general government weakened by EUR 1.7 billion from the quarter twelve months back.
  • Households' adjusted disposable income grew at current prices by 10.2 per cent and adjusted for price changes by 4.9 per cent compared to the quarter last year.
  • Exports of goods and services at current prices contracted by 7.8 per cent and imports by 11.9 per cent from the quarter one year ago.

Data revisions

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Updated database tables
11ii
Classifications used:
  • Sector
  • Transaction
Reference period cycle:
quarter
Updating frequency:
quarter
Statistics:
Updated:
11ik
Classifications used:
  • Sector
  • Transaction
Reference period cycle:
quarter
Updating frequency:
quarter
Statistics:
Updated:
122a
Classifications used:
  • Sector
Reference period cycle:
quarter
Updating frequency:
quarter
Statistics:
Updated:

Future releases

18/06/2025

Quarterly sector accounts 2025, 1st quarter

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18/09/2025

Quarterly sector accounts 2025, 2nd quarter

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18/12/2025

Quarterly sector accounts 2025, 3rd quarter

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Documentation

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Referencing instructions

Quarterly sector accounts [online publication].
Reference period: 2023, 2nd quarter. ISSN=2243-4992. Helsinki: Statistics Finland [Referenced: 1.6.2025].
Access method: https://stat.fi/en/publication/cl8lonfsyrb2h0cvzthxgngoe

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