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Latest publication: Financial accounts 2021, 4th quarter

Published: 24 September 2021

Households’ net financial assets increased in the second quarter of 2021

Households’ financial assets grew by EUR 11.5 billion during the second quarter of 2021 amounting to EUR 373.3 billion. In turn, households’ debts increased by EUR 2.3 billion during the second quarter of 2021 rising to EUR 193.4 billion. As a result of these changes, households' net financial assets increased by EUR 9.2 billion to EUR 179.9 billion. Net financial assets refer to the difference between financial assets and liabilities. These data derive from Statistics Finland’s financial accounts statistics.

Change from the previous quarter in households’ net financial assets

 Change from the previous quarter in households’ net financial assets

Growth of households’ net financial assets continued

During the second quarter of 2021, households increased their net investments in financial assets by EUR 5.0 billion. Households' net investments increased in deposits, quoted shares and mutual funds and decreased in debt securities. Even though households' net investments in financial assets increased, holding gains, in particular, helped raise the total level of financial assets.

Households’ indebtedness ratio increased

Households’ loan debts increased by EUR 2.1 billion during the second quarter of 2021 rising to EUR 165.1 billion. Households' indebtedness ratio rose by 1.1 percentage points from the previous quarter to 135.3 per cent. Households' indebtedness ratio is calculated as the ratio of their loan debts at the end of a quarter to their total disposable income during the preceding four quarters.

Non-financial corporations’ debt financing grew

Non-financial corporations’ debt financing increased by EUR 2.0 billion during the second quarter of 2021 rising to EUR 270.6 billion. In the second quarter of 2021, non-financial corporations’ financing in the form of debt securities increased by EUR 2.8 billion to EUR 37.9 billion, while non-financial corporations' loan debts went down by EUR 0.8 billion to EUR 232.7 billion. Debt financing refers to the total of loan debts and financing in the form of debt securities.


Source: Financial accounts, Statistics Finland

Inquiries: Jose Lahtinen 029 551 3776, Timo Ristimäki 029 551 2324, rahoitus.tilinpito@stat.fi

Head of Department in charge: Katri Kaaja

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Updated 24.9.2021

Referencing instructions:

Official Statistics of Finland (OSF): Financial accounts [e-publication].
ISSN=1458-8145. 2nd quarter 2021. Helsinki: Statistics Finland [referred: 5.7.2022].
Access method: http://www.stat.fi/til/rtp/2021/02/rtp_2021_02_2021-09-24_tie_001_en.html