Quarterly non-financial accounts for General Government, households income and savings and non-financial corporation profits - Q1 2026

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 first quarter of 2026 the GG net borrowing over GDP stood at -7.8% (-8.4% in the same quarter of 2025).

The primary balance of the GG over GDP was -4.4% (-4.7% in the first quarter of 2025).

The current balance of the GG was negative, at -2.9% over GDP (-3.3% in the same quarter of 2025).

The tax burden was 37.6%, 0.3 percentage points higher than in the first quarter of 2025.

Households’ gross disposable income increased by 1.6% over the previous quarter in nominal terms, while their final consumption expenditure grew by 1.4%.

Households’ saving rate was 8.0%, 0.2 percentage points lower than in the fourth quarter of 2025.

Households’ real gross disposable income increased by 0.8% with respect to the previous quarter.

The profit share of non-financial corporations decreased by 0.5 percentage points to 42.8%.

The investment rate of non-financial corporations was at 24.9%, 0.3 percentage points higher than in the previous quarter.