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Published: 28 October 2005

Households' financial assets grew strongly in 2004

Households' financial assets grew by EUR 14 billion in 2004. During the year, households increased their investments especially in deposits and mutual fund shares. Approximately one half of the growth in the assets came from risen value of investments. At the end of the year, investments in financial assets totalled EUR 159 billion, of which shares accounted for good one third. The proportion of deposits was only fractionally smaller than that of shares. A significant portion of the financial assets was composed of insurance technical reserves in individual life and indemnity insurance, from which households' receivables totalled EUR 35 billion. The share of mutual fund shares of the financial assets was only six per cent.

Households' acquisitions of new loans amounted to EUR 7.5 billion more than repayments of old ones in 2004. At the end of the year, households held loans to the value of EUR 60 billion and other debts to the value of EUR 6 billion. The sector's borrowing exceeded its investments in financial assets so its financial position showed a deficit.

Financial assets of households 1997-2004, EUR billion

Statistics Finland compiles financial accounts covering all sectors only annually, but data on general government and domestic quoted shares are also available quarterly.

Source: Financial Accounts 2004. Statistics Finland. English language version of the publication will be available by 30 November 2005.

Inquiries: Ms Mira Kuussaari, +358 9 1734 3538, rahoitus.tilinpito@stat.fi

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• Households financial assets and liabilities 1996-2004* (Excel) (28.10.2005)

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Last updated 28.10.2005