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Published: 22 June 2017

Saving rate of the household sector was clearly negative in the first quarter of 2017

The saving rate of the household sector weakened further in January to March and was now -2.3 per cent. The fall of the saving rate was mainly caused by heavy growth in consumption expenditure, because households' disposable income also increased but clearly slower than consumption expenditure. The saving rate refers to the proportion of savings in disposable income. The profit share of the non-financial corporations sector rose compared to the previous quarter as the sector's value added grew strongly. The investment rate of non-financial corporations also grew from the previous quarter. These data derive from Statistics Finland’s quarterly sector accounts.

Key indicators for households and non-financial corporations, seasonally adjusted

Key indicators for households and non-financial corporations, seasonally adjusted

In January to March, households' saving rate fell by 0.3 percentage points to -2.3 per cent. Households’ investment rate continued growing and rose by 0.1 percentage points to 12 per cent. Most of households' investments are investments in dwellings. Households' adjusted disposable income grew from the corresponding quarter in 2016 by 0.3 per cent adjusted for price changes. Adjusted income is the indicator recommended by the OECD for evaluating the economic well-being of households. Adjusted disposable income is derived by adding individual services produced by the public sector, such as education, health and social services, to the disposable income of households.

In the first quarter of 2017, the profit share of non-financial corporations, or the share of profits in value added, grew by 2.0 percentage points to 28.8 per cent. The investment rate of non-financial corporations, or the proportion of investments in value added, rose by 1.8 percentage points to 27.5 per cent.

The key figures were calculated from seasonally adjusted time series. Sector accounts are calculated only at current prices. However, a volume indicator describing the development adjusted for price changes is calculated for households' adjusted disposable income in a separate Appendix table. The profit share, saving rate and investment rate are calculated from net figures, which means that consumption of fixed capital is taken into account. Households do not include non-profit institutions serving households.

Source: Sector accounts, Statistics Finland

Inquiries: Pekka Tamminen 029 551 2460, Katri Soinne 029 551 2778,

Director in charge: Ville Vertanen

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Appendix tables

Revisions in these statistics

Updated 22.6.2017

Referencing instructions:

Official Statistics of Finland (OSF): Quarterly sector accounts [e-publication].
ISSN=2243-4992. 1st quarter 2017. Helsinki: Statistics Finland [referred: 12.6.2024].
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