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Press release

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

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Data presented in this press release are derived from Quarterly non-financial accounts by institutional sector (QSA), that include Quarterly non-financial General government account. QSA are estimated at current prices and expressed in millions of euro. In this press release, data for Consumer households and Non-financial corporations are presented in seasonally adjusted form while data for the General government are not seasonally adjusted.

General government account

In the second quarter of 2016 total expenditures for General government decreased by 0.8%, while total revenues grew by 0.8% compared with the second quarter of the previous year. The decrease of total expenditures results from an increase of 0.2% in current expenditures and a fall by 11.4% in total capital expenditures. The increase in total revenues is mainly due to the growth of current taxes on income and wealth, taxes on production and imports, social contributions and capital taxes.

The General government deficit (net borrowing) to GDP ratio was 0.2% in the second quarter of 2016, compared with the 0.9% in the second quarter of 2015. The tax burden ratio decreased by 0.4 points at 42.3% of GDP, 0.4 percentage points lower compared with the second quarter of the previous year.

Consumer households

In the second quarter of 2016 gross disposable income of Consumer households increased by 1.3% with respect to the previous quarter and final consumption expenditure by 0.2%. Compared with the second quarter of 2015 gross disposable income of Consumer households raised by 2.8% and final consumption expenditure by 1.2%. Gross disposable income of Consumer households in real terms increased by 1.1% compared with the previous quarter, and by 2.9% compared with the second quarter of 2015.

 

Non-financial corporations

The gross profit share of Non-financial corporations (defined as gross operating surplus divided by gross value added) was 41.9% in the second quarter of 2016, compared to 41.1% in the previous quarter and 41.0% in the second quarter of 2015.

Gross investment rate of Non-financial corporations (defined as gross fixed capital formation divided by gross value added) was 19.2%, unchanged with respect to the previous quarter and 0.2 percentage points lower than in the second quarter of 2015.

Reference period: Second quarter 2016

Date of Issue: 03 October 2016

Next release: 5 January 2017

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The documents published before April, 4 2016 are available in the archives of
Quarterly accounts for General Government and
Households income and savings and profits