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

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 the general revisionof national accounts and completesit with the release of revised quarterly time series of institutional non-financial sector accounts.

In the second quarter of 2024 the GG net borrowing over GDP stood at -3.4% (-5.0% in the second quarter of 2023).

The primary balance of the GG was positive, at 1.1% over GDP (-0.8% in the second quarter of 2023).

The current balance of the GG was positive, at 1.5% over GDP (1.3% % in the second quarter of 2023).

The tax burden was 41.3%, 0.7 percentage points higher than in the second quarter of 2023.

Gross disposable income of consumer households rose by 1.2% over the previous quarter, both in nominal and real terms.

Households’ saving rate was 10.2%, 0.8 percentage points higher than in the first quarter of 2024 and  consumption expenditure grew by 0.4%.

The profit share of non financial corporations was 42.6%, compared to 43.8 in the first quarter of 2024.

The investment rate of non financial corporation was 22.2%, 0.1 percentage points lower than in the first quarter of 2024.