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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.

In the fourth quarter of 2019 the GG surplus (net lending) to Gdp ratio was 2.4%, (1.1% in the same quarter of 2018).

The primary and current balance of the GG were both positive and their ratio to GDP stood respectively at 5.8% and 6.0% (4.7% and 4.4% respectively in the fourth quarter of 2018).

The tax burden ratio stood at 51.2 of GDP, 1.1 percentage points higher than the same quarter of the previous year.

The gross disposable income of consumer households decreased by 0.2% with respect to the previous quarter in nominal terms and by 0.4% in real terms.

The saving rate of consumer households was 8.2%, 0.1 percentage points lower than in the previous quarter.

The profit share of non-financial corporations was 41.8%, 0.2 percentage points higher than in the previous quarter.

The investment rate of non-financial corporations was 21.5%, 0.1 percentage points lower than in the previous quarter.

Reference period: Fourth quarter 2019

Date of Issue: 03 April 2020

Next release: 26 June 2020



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