Quarterly non-financial sector accounts

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 third quarter of 2020 the GG net borrowing to GDP ratio was 9.4% (2.2% in the same quarter of 2019).

The current and the primary balances of the GG were both negative and their ratio to GDP stood respectively at -3.7% and -5.9% (+0.8% and +1.0%, respectively, in the same quarter of 2019).

The tax burden ratio was 39.3% of GDP, 0.4 percentage points lower than in the same quarter of 2019.

Gross disposable income of Consumer households increased by 6.3% with respect to the previous quarter, while final consumption expenditure grew by 12.1%. As a consequence, saving rate was 14,6%, 4.4 percentage points lower than in the previous quarter.

Gross disposalble income of Consumer households in real terms increased by 6.6%.

The profit share of Non-financial corporations was 42.2%, 3.2 percentage points higher than in the previous quarter.

The investment rate of Non-financial corporations was 22.2%, 0.5 percentage points higher than in the previous quarter.