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Households’ saving rate grew in the first quarter of 2022

release 01/07/2022 | Quarterly sector accounts 2022, 1st quarter

Households’ seasonally adjusted saving rate grew in January to March from the previous quarter. Both consumption expenditure and disposable income diminished slightly. Households’ investment rate remained on level with the previous quarter. The profit share of the non-financial corporations sector grew from the previous quarter and stood at 31.2 per cent. The investment rate of the non-financial corporations sector fell from the previous quarter's level, being 26.7 per cent. These data derive from Statistics Finland’s quarterly sector accounts.

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, after which it grew steadily, and it was around 31 per cent in the first quarter of 2022.
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 first quarter of 2022, the investment rate was around 27 per cent.
Households' investment rate in the first quarter of 2010 was some 12 per cent, from which it has slowly risen by 15 per cent in the first quarter of 2022.
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 0 per cent, until in 2020 when it first rose sharply to nearly 10 per cent, and in 2022 when it was around two per cent in the first quarter.

Key selections

The profit share of the non-financial corporations sector grew because operating surplus grew faster than value added. The investment rate fell because investments went down in the first quarter.
Seasonally adjusted value added of financial and insurance corporations grew by 3.1 per cent and operating surplus fell by 1.7 per cent compared with the quarter last year.
The financial position of general government improved by EUR 1.7 billion from the quarter twelve months back and showed a deficit of EUR 1.3 billion.
Households' adjusted disposable income grew at current prices by 3 per cent and adjusted for price changes it remained on the same level as in the quarter last year.
The current priced balance of goods and services showed a deficit of EUR 2.8 billion in the first quarter of 2022.

Statistics used in the release

Quarterly sector accounts

Data revisions

See key statistical data in the tables.

01/07/2022

Revisions in these statistics

	1st release (%)	Latest release (%)	Revision (%-yks)
Household (S14) investment rate	2021Q1	12,9	13,1	0,1
2021Q2	13,3	13,4	0,1
2021Q3	14,0	13,9	-0,1
2021Q4	15,0	14,7	-0,3
Household (S14) saving rate	2021Q1	7,1	5,3	-1,8
2021Q2	2,9	3,2	0,3
2021Q3	0,6	0,5	-0,1
2021Q4	-2,5	0,0	2,5
Non-financial corporations (S11) investment rate	2021Q1	27,7	29,9	2,2
2021Q2	27,0	28,9	1,9
2021Q3	24,9	26,8	1,9
2021Q4	25,4	26,8	1,4
Non-financial corporations (S11) profit share	2021Q1	29,3	28,7	-0,6
2021Q2	31,9	31,0	-0,9
2021Q3	31,6	30,7	-0,9
2021Q4	36,9	33,7	-3,2