Published: 28 June 2013
Profit share of non-financial corporations contracted in the first quarter of 2013
The economic downturn is visible in the figures of the sector accounts in the first quarter of the current year. The key indicators for the non-financial corporations sector contracted further. The profit share of non-financial corporations was clearly smaller than one year ago and the investment rate fell as well. Of households' key indicators, saving rate was negative in the first quarter, that is, households consumed more of their income. However, even more was consumed relative to income in the corresponding quarter of last year. Household adjusted disposable income grew only in nominal terms from the respective quarter of the year before. These data derive from Statistics Finland’s quarterly sector accounts.
Key indicators for households and non-financial corporations
Households' saving rate was -3.0 per cent in the first quarter of 2013. One year previously, the figure was -4.6 per cent. Saving rate refers to the proportion of savings in disposable income. In the first quarter, the investment rate of households accounted for 11.1 per cent of disposable income. One year previously, the corresponding figure was 11.6 per cent. Most of households' investments are investments in dwellings.
Household adjusted disposable income, the indicator recommended by the OECD for measuring economic well-being, grew in nominal terms by 2.1 per cent from the corresponding quarter of last year. Adjusted disposable income is derived by adding services produced by the public sector, such as education, health and social services, to the disposable income of the household sector.
In the first quarter of 2013, the profit share of non-financial corporations, or the share of profits in value added, was 20.0 per cent. One year previously, the corresponding figure was 23.2 per cent. The investment rate of non-financial corporations, or the proportion of investments in value added, was 19.5 per cent in the first quarter. One year ago, the investment rate was 19.9 per cent.
Sector accounts contain figures at current prices only. The profit share, saving rate and investment rate are calculated from net figures. Households do not include non-profit institutions serving households.
Source: Sector accounts, Statistics Finland
Inquiries: Jesse Vuorinen 09 1734 3363, Katri Soinne 09 1734 2778, skt.95@stat.fi
Director in charge: Leena Storgårds
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Appendix tables
- Figures
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- Appendix figure 1. Key indicators (28.6.2013)
- Appendix figure 2. Non-financial corporations' indicators (28.6.2013)
- Appendix figure 3. Financial corporations' interest income and interest expenses (28.6.2013)
- Appendix figure 4. Households' indicators (28.6.2013)
- Appendix figure 5. Components of general government sector net lending (28.6.2013)
- Appendix figure 6. Components of household sector adjusted disposable income (28.6.2013)
- Appendix figure 7. Components of the balance of goods and services in foreign trade (from the perspective of the rest-of-the-world sector) (28.6.2013)
- Appendix figure 8. Components of the current account balance in foreign trade (from the perspective of the rest of the world sector) (28.6.2013)
- Revisions in these statistics
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- Revisions in these statistics (28.6.2013)
Updated 28.6.2013
Official Statistics of Finland (OSF):
Quarterly sector accounts [e-publication].
ISSN=2243-4992. 1st quarter 2013. Helsinki: Statistics Finland [referred: 22.12.2024].
Access method: http://www.stat.fi/til/sekn/2013/01/sekn_2013_01_2013-06-28_tie_001_en.html