Value and structure of households' financial assets in Poland
2016
Utzig, M., Warsaw Univ. of Life Sciences (Poland)
Households decide to spend a part of their income on goods and services and to save the rest of it. Household’s assets can be cumulated as financial assets and as non-financial assets. The aim of the article is to identify and evaluate changes of households’ financial assets value and structure in Poland in 2003-2014. As a background of research, the author considered changes in economic environment. The analysis was conducted with the use of statistical tools: index of the structure and growth rate. The paper also includes Pearson correlation coefficient between real GDP growth rate and households’ financial assets real growth rate. The author compared the value of households’ financial assets as a percentage of GDP in European countries in 2014. The results of the research are as follows. Between 2003 and 2014, households’ financial assets in constant prices in Poland increased by over 100%. However, households’ financial assets value as a percentage of GDP in Poland is still relatively low among European countries. Transferable and other deposits dominate in the structure of households’ financial assets in Poland. Shares, equity and a currency have also the significant share in total assets. The value of transferable deposits, listed shares, investment fund shares or units and currency increased at constant prices in analysed period. Correlation analysis shows that there is almost no significant correlation between real annual GDP growth rate and real annual growth rate of households’ financial assets.
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