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Press release

Quarterly non-financial accounts for General Government, households income and savings and non-financial corporation profits - Q4 2021

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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 disseminated in this press release are consistent with national accounts as well as with the annual non financial account of the GG disseminated last 4 April 2022 (http://dati.istat.it/?lang=en).

In the fourth quarter of 2021 the GG net borrowing to GDP ratio was -3.0%, compared to -5.8% in the same quarter of 2020.

The primary balance of the GG was positive and its ratio to GDP was 0.5% (-2.6% in the same quarter of 2020). The GG current balance was positive too, its ratio to GDP standing at 3.1% (+0.7% in the fourth quarter of 2020).

The tax burden ratio stood at 51.8% of GDP, 0.7 percentage points higher than the same quarter of 2020.

Gross disposable income of consumer households increased by 1.3% with respect to the previous quarter, while final consumption expenditure grew by 1.2%. The saving rate was 11.3%, 0.2 percentage points higher than in the previous quarter.

Gross disposalble income of consumer households in real terms decreased by 2%.

The profit share of Non-financial corporations was 6%, 0.5 percentage points lower than the previous quarter.

The investment rate of Non-financial corporations was 23,1%, 7 percentage points higher than in the previous quarter.

Reference period: Q4 2021

Date of Issue: 05 April 2022

Next release: 5 July 2022



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