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Published: 25 March 2022

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

Households’ financial assets grew by EUR 6.0 billion during the fourth quarter of 2021 rising to EUR 387.2 billion. In turn, households’ debts increased by EUR 3.6 billion during the fourth quarter of 2021 rising to EUR 201.4 billion. As a result of these changes, households' net financial assets increased by EUR 2.4 billion to EUR 185.8 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

Holding gains boosted households’ financial assets

During the fourth quarter of 2021, households increased their net investments in financial assets by EUR 2.3 billion. Households' net investments increased in quoted shares and mutual funds and decreased in deposits and debt securities. 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 1.4 billion during the fourth quarter of 2021 rising to EUR 168.7 billion. Households' indebtedness ratio rose by 1.4 percentage points from the previous quarter to 135.9 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

Non-financial corporations’ debt financing increased by EUR 0.5 billion during the fourth quarter of 2021 rising to EUR 263.6 billion. Debt financing refers to the total of loan debts and financing in the form of debt securities.


Source: Financial accounts, Statistics Finland

Inquiries: Timo Ristimäki 029 551 2324, Roope Rahikka 029 551 3338, rahoitus.tilinpito@stat.fi

Head of Department in charge: Katri Kaaja

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Updated 25.3.2022

Referencing instructions:

Official Statistics of Finland (OSF): Financial accounts [e-publication].
ISSN=1458-8145. 4th quarter 2021. Helsinki: Statistics Finland [referred: 18.8.2022].
Access method: http://www.stat.fi/til/rtp/2021/04/rtp_2021_04_2022-03-25_tie_001_en.html