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Published: 14 July 2016

Households’ net wealth grew to EUR 560 billion in 2015

Households' financial assets stood at EUR 281 billion and other assets at EUR 426 billion at the end of 2015. Over the year, financial assets increased by EUR 13 billion. Other assets or non-financial assets grew by EUR four billion. The most important items in other assets are buildings and land. Households' debts also grew. The increase amounted to EUR five billion while the level rose to EUR 147 billion. Households' financial assets calculated as the total of financial assets and liabilities and other assets, thus, grew to EUR 560 billion. The growth from 2014 amounted to EUR 16 billion. A majority of this was generated from holding gains on financial assets. The data appear from Statistics Finland's financial accounts statistics.

Households’ financial assets and liabilities, non-financial assets and net worth 2010–2015, EUR billion

Households’ investments in financial assets at a low level

Households’ net investments in financial assets grew somewhat in 2015. For a few years now, the level has remained lower than that seen in the first few years of the century. Households’ net investments in quoted shares decreased by around EUR 0.5 billion. Net investments in mutual fund shares grew by a corresponding amount. Deposits increased by close on EUR one billion. The shift from fixed-term deposits to cash deposits continued as it had in previous years.

Even though indebtedness continued to grow also in 2015, favourable stock market price development and an increase in other assets ensured that households' total assets improved also in 2015. Households financial assets accrued holding gains to the tune of EUR ten billion in 2015. Holding gains were generated in particular from quoted shares.

The biggest individual investment instrument of households is still deposits. Despite low interest rates, households had EUR 80 billion in financial assets in deposits at the end of 2015. This corresponds with 28 per cent of all households’ financial assets. The total value of quoted shares and mutual fund shares held by households was EUR 52 billion at the end of 2015.

Indebtedness is growing

Households' loan debts stood at nearly EUR 138 billion at the end of 2015. Households’ loan debts grew by EUR 5 billion during 2015. This boosted households' indebtedness by 3.1 percentage points to 124.6 per cent. Households' indebtedness is calculated as the ratio of their loan debts at the end of the year to their total disposable income of the year

Source: Financial Accounts, Statistics Finland

Inquiries: Henna Laasonen 029 551 3303, rahoitus.tilinpito@stat.fi

Director in charge: Ville Vertanen

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Reviews

• 1. Holding gains contributed the majority of the growth in households net financial assets in 2015 (14.7.2016)

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Appendix tables

• Appendix table 1. Financial assets of households, million EUR (14.7.2016)
• Appendix table 2. Financial liabilities of households, million EUR (14.7.2016)
• Appendix table 3. Households´ net acquistion of financial assets, million EUR (14.7.2016)
• Appendix table 4. Households´ net incurrence of liabilities, million EUR (14.7.2016)
• Appendix table 5. Financial assets of non-financial corporations, million EUR (14.7.2016)
• Appendix table 6. Financial liabilities of non-financial corporations, million EUR (14.7.2016)
• Appendix table 7. Net financial assets by sector, million EUR (14.7.2016)
• Appendix table 8. Net financial transactions by sector, million EUR (14.7.2016)
• Appendix table 9. Statistical discrepancy by sector, million EUR (14.7.2016)
• Appendix table 10. Total assets by sector in 2015, billion EUR (14.7.2016)

Figures

• Appendix figure 1. Financial assets of households (14.7.2016)
• Appendix figure 2. Change in financial assets of households (14.7.2016)
• Appendix figure 3. Households net acquisitions of deposits, quoted shares and mutual funds (14.7.2016)
• Appendix figure 4. Households indebtedness ratio (14.7.2016)
• Appendix figure 5. Private sector debt as percentage of GDP (14.7.2016)

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Updated 14.7.2016