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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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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. Data in this press release incorporates benchmark revisions in national accounts and complete them with the release of revised quarterly time series of institutional non-financial sector accounts.

In the second quarter of 2019 the GG deficit (net borrowing) to GDP ratio was -1.1%, with an improvement with respect to the same quarter of 2018 (-1.3%).

The current and the primary balance of the GG were both positive and their ratio to GDP stood respectively at 2.3% and 3.2% (respectively 2.0% and 2.7% in the second quarter of 2018).

The tax burden ratio stood at 40.5% of GDP, 0.3 percentage points higher than the same quarter of the previous year.

Gross disposable income of Consumer households increased by 0.9% with respect to the previous period both in nominal and in real terms.

The saving rate of Consumer households was 8.9%, 0.8 percentage points higher than in the previous quarter.

The profit share of Non-financial corporations was 40.7%, 0.2 percentage points lower than in the previous quarter.

The investment rate of Non-financial corporations was 21.6%, 0.1 percentage points higher than in the previous quarter.

Reference period: Second quarter 2019

Date of Issue: 04 October 2019

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