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High income from dividends and high savings for households
The Household savings ratio was estimated at 14.9 per cent in 2005 q1, compared with 12.9 per cent in the same period last year. Household savings were highest in the first and second quarters in the years from 2002 to 2004. Households and NPISH had highest disposable income in the fourth quarter each year. Compensation of employees is the most important source of income for households and was highest in the third and fourth quarter. Household income from received dividends has increased strongly during the past few years and contributes significantly to the high savings of households.
Statistics Norway has for the first time compiled quarterly Non-Financial Accounts for Households and NPISH given the definitions provided in SNA93 and ESA95. Core macroeconomic variables such as Disposable Income, Savings and Net Lending will from now on be published on a quarterly basis in connection with the publishing of the quarterly supply and use tables.
Tables
Additional information
Contact
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Pål Sletten
E-mail: pal.sletten@ssb.no
tel.: (+47) 99 29 06 84
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Nils Amdal
E-mail: nils.amdal@ssb.no
tel.: (+47) 91 14 91 46