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Published: 21 December 2021

Households’ net financial assets increased in the third quarter of 2021

Households’ financial assets grew by EUR 4.5 billion in the third quarter of 2021, rising to EUR 379.9 billion. In turn, households’ debts increased by EUR 3.9 billion during the third quarter of 2021 rising to EUR 198.1 billion. As a result of these changes, households' net financial assets increased by EUR 0.6 billion to EUR 181.8 billion. Net financial assets refer to the difference between financial assets and liabilities. These data derive from Statistics Finland’s financial accounts statistics.

Change from the previous quarter in households’ net financial assets

 Change from the previous quarter in households’ net financial assets

Households’ financial assets continued growing

During the third quarter of 2021, households increased their net investments in financial assets by EUR 3.1 billion. Households increased deposits most on net, up by EUR 1.9 billion. A total of EUR 0.9 billion were invested in mutual funds on net and EUR 0.3 billion in quoted shares. In turn, debt securities decreased by EUR 0.1 billion on net. Even though households' investments on net in financial assets increased, holding gains also contributed significantly to the growth in the total level of financial assets.

Households’ indebtedness ratio increased

Households’ loan debts grew by EUR 1.7 billion during the third quarter of 2021 rising to EUR 167.7 billion. Households' indebtedness ratio rose by 0.2 percentage points from the previous quarter to 136.4 per cent. Households' indebtedness ratio is calculated as the ratio of their loan debts at the end of a quarter to their total disposable income during the preceding four quarters.

Debt financing of non-financial corporations grew

The debt financing of non-financial corporations increased by EUR 3.1 billion during the third quarter of 2021 rising to EUR 266.9 billion. Financing by non-financial corporations in the form of debt securities remained unchanged in the third quarter of 2021 at EUR 31.4 billion. The loan debt of non-financial corporations went up by EUR 3.0 billion and increased to EUR 235.5 billion. Debt financing refers to the total of loan debts and financing in the form of debt securities.


Source: Financial accounts, Statistics Finland

Inquiries: Jose Lahtinen 029 551 3776, Timo Ristimäki 029 551 2324, rahoitus.tilinpito@stat.fi

Head of Department in charge: Katri Kaaja

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Updated 21.12.2021

Referencing instructions:

Official Statistics of Finland (OSF): Financial accounts [e-publication].
ISSN=1458-8145. 3rd quarter 2021. Helsinki: Statistics Finland [referred: 1.12.2022].
Access method: http://www.stat.fi/til/rtp/2021/03/rtp_2021_03_2021-12-21_tie_001_en.html