A more recent publication of this set of statistics is available.

Latest publication: Financial accounts 2020, 4th quarter

Published: 18 December 2020

Households’ net financial assets increased in the third quarter of 2020

Households’ financial assets grew by EUR 8.6 billion in the third quarter of 2020, rising to EUR 342.4 billion. In turn, households’ debts decreased by EUR 0.8 billion in the third quarter of 2020 falling to EUR 185.9 billion. As a result of these changes, households' net financial assets increased by EUR 9,4 billion and the level of net financial assets was EUR 156.5 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

Growth of households' net financial assets continued

During the third quarter of 2020, households increased their net investments in financial assets by EUR 3.2 billion. Households' net investments increased in deposits, quoted shares and mutual funds. Even though households' net investments in financial assets increased, holding gains, in particular, helped raise the total level of financial assets.

Households’ indebtedness ratio increased

Households’ loan debts grew by EUR 1.8 billion during the third quarter of 2020 rising to EUR 161 billion. Households' indebtedness ratio rose by 0.7 percentage points from the previous quarter to 131 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.

Non-financial corporations’ debt financing decreased

Non-financial corporations’ debt financing declined by EUR 0.4 billion during the third quarter of 2020 to EUR 268.1 billion. Non-financial corporations’ financing in the form of debt securities decreased by EUR two billion during the third quarter of 2020 to EUR 34.7 billion. Non-financial corporations’ loan debt, in turn, went up by EUR 1.6 billion and increased to EUR 235.4 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, Niklas Elfving 029 551 3411, rahoitus.tilinpito@stat.fi

Head of Department in charge: Mari Ylä-Jarkko

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Updated 18.12.2020

Referencing instructions:

Official Statistics of Finland (OSF): Financial accounts [e-publication].
ISSN=1458-8145. 3rd quarter 2020. Helsinki: Statistics Finland [referred: 18.6.2021].
Access method: http://www.stat.fi/til/rtp/2020/03/rtp_2020_03_2020-12-18_tie_001_en.html