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Households’ saving rate was 0.6 per cent in the fourth quarter of 2023

Release related to topics:National economy
release | Quarterly sector accounts 2023, 4th quarter

Correction

Database table 11ii Income and expenditure by sector, quarterly corrected.
Read more about the correction

According to Statistics Finland, households' seasonally adjusted saving rate grew in October to December 2023 by 0.8 percentage points compared with the previous quarter. In October to December, the saving rate was 0.6 per cent. Households' investment rate fell by 0.5 percentage points to 11.6 per cent.

The line chart describes the seasonally adjusted development of four indicators starting from 2010. The profit share of non-financial corporations was around 29 per cent in the first quarter of 2010. In the second quarter of 2012, the profit share declined to around 24%. After this, the profit share has grown steadily and in the fourth quarter of 2023, the profit share was around 29 per cent. In the first quarter of 2010, the investment rate of non-financial corporations was around 28 per cent, after which it has varied between 25 and 30 per cent. In the fourth quarter of 2023, the investment rate was 29 per cent. In the first quarter of 2010, households' investment rate was around 12 per cent, from which it has slowly fallen slightly at times and risen slightly at times. In the last quarter of 2023, households' investment rate was 12 per cent. In the first quarter of 2010, households' saving rate was around six per cent, from which it fell below zero per cent during the next few years. Up to 2020, the development was on both sides of zero per cent, until in 2020 when it first rose sharply to nearly 10 per cent. The saving rate was 0.6 per cent in the last quarter of 2023.

Key selections

  • The seasonally adjusted profit share of non-financial corporations grew by 0.5 percentage points from the previous quarter. Non-financial corporations’ investment rate remained on level with the previous quarter.
  • Seasonally adjusted value added of financial and insurance corporations grew by 1.6 per cent and operating surplus grew by 1.2 per cent compared to the previous quarter.
  • The financial position of general government weakened by EUR 1.7 billion from the quarter twelve months back.
  • Households' adjusted disposable income grew at current prices by 6.8 per cent and adjusted for price changes by 4.1 per cent compared to the quarter last year.
  • Exports of goods and services at current prices contracted by 11.1 per cent and imports by 13.2 per cent from the quarter one year ago.

Data revisions

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Updated database tables
11ii
Classifications used:
  • Sector
  • Transaction
Reference period cycle:
quarter
Updating frequency:
quarter
Statistics:
Updated:
11ik
Classifications used:
  • Sector
  • Transaction
Reference period cycle:
quarter
Updating frequency:
quarter
Statistics:
Updated:
122a
Classifications used:
  • Sector
Reference period cycle:
quarter
Updating frequency:
quarter
Statistics:
Updated:

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Referencing instructions

Quarterly sector accounts [online publication].
Reference period: 2023, 4th quarter. ISSN=2243-4992. Helsinki: Statistics Finland [Referenced: 26.12.2024].
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