The Quarterly non-financial General government (GG) account and the other statistics presented in this press release are estimated in the framework of Quarterly non-financial sector accounts. Data on Households and Non-financial corporations are reported in seasonally adjusted form, data on the GG are unadjusted.
In the third quarter of 2018 the GG deficit (net borrowing) to GDP ratio was 1.7%, with a small improvement compared to the same quarter of 2017 (1.8%).
The current and the primary balance of the GG were both positive and their ratio to GDP stood respectively at 1.1% and 2.0% (both 1.6% in the third quarter of 2017).
The tax burden ratio stood at 40.4% of GDP, 0.1 percentage points higher than in the same quarter of the previous year.
Gross disposable income of Consumer households increased by 0.1% with respect to the previous quarter, while final consumption expenditure grew by 0.3%. As a consequence, the saving rate was 8.3%, 0.2 percentage points lower than in the previous quarter.
Gross disposalble income of Consumer households decreased by 0.2% in real terms.
The profit share of Non-financial corporations was 41.4%, 0.9 percentage points lower than the previous quarter.
The investment rate of Non-financial corporations was 22.2%, 0.1 percentage points higher than in the previous quarter.