Quarterly non-financial accounts for General Government, households income and savings and non-financial corporation profits

The Quarterly non-financial General Government (GG) account and the other figures presented in this press release are desumed from the Quarterly non-financial sector accounts. Data on Households and Non-financial corporations are commented in seasonally adjusted form, data on the GG are unadjusted.

In the fourth quarter of 2023 the GG net borrowing over GDP stood at -5.5% (-6.7% in the fourth quarter of 2022).

The primary balance of the GG was negative, at -1.5% over GDP (-1.9% in the fourth quarter of 2022).

The current balance of the GG was positive, at 5.0% over GDP (+1.1% % in the fourth quarter of 2022).

The tax burden was 50.3%, 1.2 percentage points higher than in the fourth quarter of 2022.

Gross disposable income and final consumption expenditure of consumer households in nominal terms fell by 0.1% and 1,0% over the previous quarter, respectively.

Households' saving rate was 7.0%, 0.9 percentage points higher than in the previous quarter.

Gross disposable income in real terms fell by 0.5%, while prices (the implicit deflator of households consumption expenditure) increased by 0.4%.

The profit share of non-financial corporations is estimated at 44,4%, 0.3 percentage points higher with respect to the previous quarter.

The investment rate of non-financial corporation decreased by 0.5 percentage points from the previous quarter, standing at 20.2%.

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