Quarterly non-financial sector account - Q3 2022

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, GG data are unadjusted.

In the third quarter of 2022 the general government net borrowing to GDP ratio improved significantly, standing at -4.7% compared to -6.2% in the same quarter of 2021.

The general government primary balance was negative, at -0.7% as a ratio to GDP (-2.8% in the third quarter of 2021).

The general government current balance was negative and its ratio to GDP stood at -0.3%, compared to -1.4% in the same quarter of 2021.

The tax burden ratio stood at 42.7% of GDP, 1.9 percentage points higher than in the same quarter of the previous year.

Gross disposable income of Consumer households increased by 1.9% with respect to the previous quarter, while final consumption expenditure grew by 4.1%.

The saving rate was 7.1%, 1.9 percentage points lower than in the previous quarter.

Gross disposalble income of Consumer households in real terms increased by 0.3%.

The profit share of Non-financial corporations was 39.8%, unchanged with respect to the previous quarter.

The investment rate of Non-financial corporations was 25.0%, 0.1 percentage points lower than in the previous quarter.