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53759
Growth in households’ savings
statistikk
2011-11-22T10:00:00.000Z
National accounts and business cycles
en
knri, National accounts, non-financial sector accounts, households, non-profit organisations, disposable income, disposable real income, saving rate, income, expenditures, savings, FISIM, net financial investments, dividendsNational accounts , National accounts and business cycles
false

National accounts, non-financial sector accounts, Q3 2011

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Growth in households’ savings

Households’ disposable income at current prices increased 1.0 per cent from the 2nd to the 3rd quarter of 2011, according to seasonally-adjusted figures. Slower growth in households’ final consumption expenditures resulted in growth in savings.

Seasonally-adjusted figures show that the largest contributor to the growth in disposable income was compensation to employees after tax, estimated 0.9 per cent higher compared to the previous quarter. Payments and benefits from the general government increased by 1.3 per cent. Net property income, however, was slightly reduced from the 2nd to the 3rd quarter.

Households’ final consumption expenditures grew 0.3 per cent seasonally adjusted, resulting in a growth in households’ savings.

Households’ real disposable income, seasonally adjusted, (2009=100)

Savings share of disposable income, the saving ratio, was 8.3 per cent in the 3rd quarter, without adjustment for seasonal variations. Please note that the levels in the time series of households are revised through a main revision of the Norwegian national accounts. Also the savings and saving ratio are affected, in general brought down to a lower level compared to former publications.

 

Revisions

Quarterly sector accounts are based on preliminary calculations. The uncertainty in the last quarter is the largest. New information is continuously being integrated into the figures, which could cause revisions in the previously released data. Quarterly sector accounts are also consolidated against the data from the quarterly national accounts data. When the last quarters of the unadjusted series are updated, seasonally-adjusted series may also be revised backwards.

 

Please also note that time series have been revised also due to a main revision of the national accounts. For more information on the main revision see National accounts, sector accounts , National accounts or the forthcoming edition of Economic survey no. 6 2011, to be published 8 December 2011.

 

Tables

Published tables