Household Production and Consumption in Finland 2001
Household Production and Consumption in Finland 2001
Household Production and Consumption in Finland 2001
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million euros<br />
From household sector accounts<br />
Disposable <strong>in</strong>come 64 112<br />
+ Social transfers <strong>in</strong> k<strong>in</strong>d from<br />
- general government 18 436<br />
- non-profit <strong>in</strong>stitutions 2 886<br />
= Adjusted disposable <strong>in</strong>come 85 434<br />
+ Adjustment for households’ pensions fund share 145<br />
– Actual <strong>in</strong>dividual consumption 86 353<br />
= Sav<strong>in</strong>g – 774<br />
From non-SNA household production<br />
Disposable <strong>in</strong>come 51 708<br />
– Actual <strong>in</strong>dividual consumption 50 719<br />
= Sav<strong>in</strong>g 989<br />
Extended household sav<strong>in</strong>g (–774+989) 215<br />
Gross fixed capital formation refers to the value of capital goods purchased<br />
dur<strong>in</strong>g the year. In the national accounts household sector, it consists ma<strong>in</strong>ly of<br />
hous<strong>in</strong>g ownership. In the household satellite account, it additionally <strong>in</strong>cludes<br />
household durable <strong>and</strong> semi-durable goods (exclud<strong>in</strong>g leisure, hobby etc.<br />
equipment).<br />
million euros<br />
Gross fixed capital formation:<br />
From household sector accounts 6 365<br />
+ Gross fixed capital formation<br />
<strong>in</strong> household production 7 807<br />
– part <strong>in</strong>cluded <strong>in</strong> core accounts 3 979<br />
= Extended household gross fixed capital<br />
formation 10 193<br />
Accord<strong>in</strong>g to the national accounts, household sector sav<strong>in</strong>gs <strong>in</strong> <strong>2001</strong> were<br />
negative: household spend<strong>in</strong>g exceeded household disposable <strong>in</strong>come by 774<br />
million euros. The sav<strong>in</strong>gs generated by household production, on the other<br />
h<strong>and</strong>, amounted to almost one billion euros <strong>in</strong> the black. Overall then, <strong>in</strong> the<br />
extended household sector account, sav<strong>in</strong>gs were 215 million euros <strong>in</strong> the<br />
black. Sav<strong>in</strong>gs are used to f<strong>in</strong>ance gross fixed capital formation, i.e. the<br />
acquisition of household appliances, furniture etc. <strong>in</strong> households. In <strong>2001</strong> gross<br />
fixed capital formation exceeded capital consumption by some two billion<br />
euros, which is part of the f<strong>in</strong>anc<strong>in</strong>g of gross capital formation.<br />
66 Statistics F<strong>in</strong>l<strong>and</strong> National Consumer Research Centre