Quarterly non-financial accounts for General Government, households income and savings and non-financial corporation profits - Q3 2025

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 2025 the GG net borrowing over GDP stood at -3.4% (-2.3% in the third quarter of 2024).

The primary balance of the GG was positive, at 0.4% over GDP (1.6% in the third quarter of 2024).

The current balance of the GG was positive, at 1.3% over GDP (2.2% % in the third quarter of 2024).

The tax burden was 40.0%, 0.8 percentage points lower than in the third quarter of 2024.

Households’ gross disposable income increased by 2.0% over the previous quarter in nominal terms, while their final consumption expenditure grew by 0.3%.

Households’ saving rate was 11.4%, 1.5 percentage points higher than in the second quarter of 2025.

Households’ gross disposable income in real terms increased by 1.8% with respect to the previous quarter.

The profit share of non-financial corporations decreased by 0.9 percentage points at 42.3.

The investment rate of non-financial corporations was 22.8%, 0.1 percentage points higher than in the previous quarter.