Finland's household-dwelling units' outstanding debts totaled 90.5 billion euros (about 127.14 billion U.S. dollars) in 2008, increasing by 7.7 percent from the previous year, said Statistics Finland on July 2.
There were 1,470,000 household-dwelling units with outstanding debts in Finland in 2008. The amount of debt per indebted household-dwelling unit was 61,630 euros.
The majority of Finnish household-dwelling units' outstanding debts were housing loans, which had grown by 99 percent since 2002and totaled 64.4 billion euros in 2008. Household-dwelling units with housing loans numbered 812,000 per household with housing loan 79,321 euros.
The rate of indebtedness of household-dwelling units, that is, the share of their debts of their disposable income, was 101.4 percent in 2007, while in 2002 it was 70.3 percent. The rate of indebtedness was highest or 189 percent of income, among households in which the reference person was aged between 25 and 34. Approximately four in five of such households had outstanding debts. The 35 to 44 age group had the largest debts of 89,200 euros per household-dwelling unit. (1 U.S. dollar = 0.71179 euros)
Source:Xinhua
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