Quarterly non-financial accounts for General Government, households income and savings and non-financial corporation profits - Q3 2024

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 2024 the GG net borrowing over GDP stood at -2.3% (-6.3% in the third quarter of 2023).

The primary balance of the GG was positive, at 1.7% over GDP (-2.8% in the third quarter of 2023).

The current balance of the GG was positive, at 1.9% over GDP (1.6% % in the third quarter of 2023).

The tax burden was 40.5%, 0.8 percentage points higher than in the third quarter of 2023.

Gross disposable income of consumer households increased by +0.6% over the previous quarter, while their final consumption expenditure grew by +1.6%.

The households’ saving rate was 9.2%, 0.8 percentage points lower than in the second quarter of 2024.

Households’ gross disposable income in real terms increased by 0.4% with respect to the second quarter of 2024, with an underlying increase of consumer prices, as measured by the implicit deflator of households’ consumption expenditure, of 0.2%.

The profit share of non financial corporations was 42.4%, 0.3 percentage points lower than in the second quarter of 2024.

The investment rate of non financial corporation was 21.7%, 0.4 percentage points lower than in the second quarter of 2024.