Statistics Finland: Finns Wealthier Than Thought
Statistics Finland reports that Finns are richer than a United Nations World Institute for Development Economics Research (WIDER) report suggested in December. However, wealth is distributed unevenly. At the end of 2004, the average Finn had 73,387 euros in net assets, mostly tied up in homes.
According to Statistics Finland, in 2000 wealth per capita was more than 40 percent higher than WIDER estimates. The UN institute reported the average Finn owned 37,171 dollars in net assets.
The Statistics Finland magazine Tieto&trendit reported that Finns are not particularly wealthy, in spite of the new calculations. The new estimates do, however, put Finns in a different category of wealth than citizens in Poland or the Czech Republic.
The magazine said however that wealth in Finland is unevenly distributed. It reported that the richest top five percent of the population owns about one-quarter of the assets in Finland.
Statistics Finland calculated Finns' wealth in the years 2000 and 2004 and compared it with the WIDER findings.
YLE
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