Savings Barometer, third quarter 2024
Households' growth rate in loans continues to increase
Statistical news from Statistics Sweden and Swedish Financial Supervisory Authority 2024-11-14 8.00
At the end of the third quarter 2024, household new savings in liquid assets amounted to SEK 13 billion. At the same time, loans increased by SEK 20 billion. The liquid savings thus amounted to SEK -7 billion, which is SEK 36 billion lower compared to the same period last year. The annual growth rate of household loans was 1 percent.
Household saving in shares, funds and deposits
During the quarter, households net sold listed shares for SEK 2 billion and net purchased funds to a value of SEK 3 billion.
Households’ net withdrawals from bank accounts amounted to SEK 16 billion, which is an increase of SEK 14 billion compared with the same period last year.
Household loans and annual growth rate
At the end of the quarter, household total loans amounted to SEK 5 283 billion, giving an annual growth rate of 1 percent.
Household net borrowing during the quarter amounted to SEK 20 billion. This is an increase of SEK 10 billion compared to the same period last year.
Definitions and explanations
Liquid savings are calculated as the difference between transactions in financial assets and liabilities excluding accruals (tax accruals, occupational pensions, and other insurance technical reserves). The statistics are presented at current prices and do not take inflation into account.
In the Savings Barometer, household liquid savings are a key measure of household savings in financial assets because it reflects household financial decisions in the short term. Liquid savings include currency, deposits, bonds, directly owned shares, funds, private insurance savings and other financial assets. In addition to this, tenant ownership rights and holiday homes abroad are also included. These instruments are usually not considered liquid but are included to be able to deduct liabilities from savings.
In addition to loans from banks and housing institutions, household total loans also include student loans and other loans (which are loans to financial corporations that are not classified as banks or housing institutions). Household net borrowing is calculated as the difference between new loans and amortization.
Household ownership of tenant-owned apartments is a financial asset and is included in the Savings Barometer. However, single-family homes with ownership rights are not included as it is a real asset. Information on household total assets in dwellings can be found in the publication National wealth.
No major revisions or methodological changes are published in the Savings Barometer. These are instead published in the Financial Accounts where more time for calculations and reconciliations with other sectors is available and revision documentation is published. However, minor revisions may occur because of, for example, revised primary statistics.
In connection with the release of the Savings Barometer for the third quarter of 2024, the time series will be updated with the revisions introduced in the financial accounts release on September 19, 2024. For the third quarter of 2024, there are discrepancies between the savings barometer and the financial accounts with respect to accruals. This affects total assets, total liabilities and net lending. More detailed descriptions of major revisions are described in the news from the Financial Accounts statistics:
Financial accounts, quarterly and annual
For more information, see:
Nationalförmögenheten och nationella balansräkningar (pdf)
Statistical database;
Next publishing will be
2025-02-20 at 08:00.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.