Published: 20 December 2018
Profit share of the non-financial corporations sector remained unchanged and the saving rate of the households sector fell in the third quarter of 2018
Households’ saving rate weakened slightly in July to September from the previous quarter. The saving rate was slightly negative, because consumption expenditure was unchanged, but disposable income diminished slightly from the previous quarter. Households' investment rate continued growing. The profit share of the non-financial corporations sector remained on level with the previous quarter, because the sector’s value added and compensation of employees grew by almost equally much. The investment rate of non-financial corporations in turn diminished. These data derive from Statistics Finland’s quarterly sector accounts.
Key indicators for households and non-financial corporations, seasonally adjusted
In July to September, households' saving rate declined by 0.2 percentage points to -0.1 per cent. The saving rate refers to the share of households’ savings in disposable income. Households’ investment rate grew slightly and stood at 13 per cent. Most of households' investments were investments in dwellings. Households' adjusted disposable income grew from the corresponding quarter in 2017 by 1.6 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 third quarter of 2018, the profit share of non-financial corporations, or the share of profits in value added, remained on level with the previous quarter, at 30.7 per cent. The investment rate of non-financial corporations, or the proportion of investments in value added, continued falling and was 24.3 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: Jarkko Kaunisto 029 551 3551, Katri Soinne 029 551 2778, kansantalous.suhdanteet@stat.fi
Director in charge: Ville Vertanen
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Appendix tables
- Figures
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- Appendix figure 1. Volume development of households adjusted disposable income (20.12.2018)
- Appendix figure 2. Households saving rate (20.12.2018)
- Appendix figure 3. Households investment rate (20.12.2018)
- Appendix figure 4. Non - financial corporations profit share (20.12.2018)
- Appendix figure 5. Non - financial corporations investment rate (20.12.2018)
- Revisions in these statistics
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- Revisions in these statistics (20.12.2018)
Updated 20.12.2018
Official Statistics of Finland (OSF):
Quarterly sector accounts [e-publication].
ISSN=2243-4992. 3rd quarter 2018. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/sekn/2018/03/sekn_2018_03_2018-12-20_tie_001_en.html