Financial accounts

Description

Financial accounts describe the financial assets and liabilities of the sectors of national economy and transactions arising from these assets and liabilities. In addition to domestic items, financial accounts also include items between Finland and the rest of the world. Financial accounts are a summary statistics derived from several basic statistics and cover all sectors and financial assets. These statistics help to obtain an overall picture of households’ financial assets or non-financial corporations’ financial structures.

Financial accounts are comprised of two parts: financial balance sheets and transactions of economic sectors. Financial balance sheets describe the stock of financial assets and liabilities at the end of statistical period while transactions depict the transactions made during statistical period. Financial accounts form a part of the system of national accounts. The compilation responsibilities have been divided between the Statistics Finland (annual financial accounts) and the Bank of Finland (quarterly financial accounts).