Data presented in this press release are derived from Quarterly non-financial accounts by institutional sector (QSA), that include Quarterly non-financial General government account. QSA are estimated at current prices and expressed in millions of euro. Data for Consumer households and Non-financial corporations are presented in seasonally adjusted form. Data for the General government are not seasonally adjusted.<\/p>\n
General government account<\/strong><\/p>\n In the third quarter of 2016 total expenditures and total revenues for General government increased by 0.8%, and 0.6%, respectively, compared with the third quarter of the previous year. The growth of total expenditures results from an increase of 1.5% in current expenditures and a fall by 7.2% in total capital expenditures. The increase in total revenues primarily reflects the growth of current taxes on income and wealth, social contributions and capital taxes. The General Consumer households<\/strong><\/p>\n In the third quarter of 2016 with respect to the previous quarter gross disposable income of Consumer households increased by 0.2% and final consumption expenditure by 0.3%. Compared with the third quarter of 2015 gross disposable income of Consumer households raised by 1.9% and final consumption expenditure by 1.2%. Gross disposable income of Consumer households in real terms increased by 0.1% compared with the previous quarter, and by 1.8% compared with the third quarter of 2015.<\/p>\n The gross saving rate of Consumer households (defined as gross saving divided by gross disposable income adjusted for the change in the net equity of households in pension funds reserves) was 9.3%, compared with 9.4% The gross investment rate of Consumer households (defined as gross fixed capital formation divided by gross disposable income adjusted for the change in the net equity of households in pension funds reserves) was 5.9% in the third quarter of 2016, unchanged with respect to the previous quarter and to the same quarter of 2015.<\/p>\n Non-financial corporations<\/strong><\/p>\n The gross profit share of Non-financial corporations (defined as gross operating surplus divided by gross value added) was 41.7% in the third quarter of 2016, unchanged with respect to the previous quarter and 0.4 percentage points higher than in the third quarter of 2015.<\/p>\n Gross investment rate of Non-financial corporations (defined as gross fixed capital formation divided by gross value added) was 19.4% in the third quarter of 2016, compared with 19.1% in the previous quarter and with 19.3% in the third quarter of 2015.<\/p>\n Note. <\/\nstrong> On January 12, 2017 minor revisions on estimates of sector S1 (total economy) and S11 (non financial corporations) have been introduced over the quarters from 2015q1 to 2016q3. Corrections don\u2019t affect data presented in the press release and in the attached tables and were needed to overcome small inconsistencies between aggregates of sector S1 and the sum of subsectors. Data have been replaced in the I.Stat database.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Data presented in this press release are derived from Quarterly non-financial accounts by institutional sector (QSA), that include Quarterly non-financial General government account. QSA are […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4082],"tags":[3192,3186,3364,3254,3206,3387,3225,3228,3344,3759,3550,3230,3250,3348,3336,3263,3365,3283,3234,3220,3361,2968,3415],"regione":[],"tema":[4059,4065],"class_list":["post-22060","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-accounts","tag-consumptions","tag-current-balance","tag-debt","tag-deficit","tag-expenditure","tag-exports","tag-gdp","tag-general-government","tag-gg-accounts-income-savings-and-profits","tag-gg-quarterly-accounts","tag-household","tag-imports","tag-income","tag-profits","tag-investments","tag-primary-balance","tag-production","tag-public-finance","tag-revenue","tag-saving","tag-flash","tag-value-added","tema-households-economic-conditions","tema-national-accounts"],"meta_fields":{"data_pubblicazione":"20170105","descrizioneperiodo":"Third quarter 2016","titolobreve":"Quarterly non financial sector accounts","news":"In Q3 2016 gross consumer households saving rate was 9.3%","news_rss":"In the third quarter of 2016 total expenditures and total revenues for General government increased by 0.8%, and 0.6%, respectively, compared with the third quarter of the previous year. 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The gross profit share of Non-financial corporations (defined as gross operating surplus divided by gross value added) was 41.7% in the third quarter of 2016, unchanged with respect to the previous quarter and 0.4 percentage points higher than in the third quarter of 2015.","sottotitolo":""},"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"tags-info":[{"id":3192,"label":"accounts","slug":"accounts"},{"id":3186,"label":"consumptions","slug":"consumptions"},{"id":3364,"label":"current balance","slug":"current-balance"},{"id":3254,"label":"debt","slug":"debt"},{"id":3206,"label":"deficit","slug":"deficit"},{"id":3387,"label":"expenditure","slug":"expenditure"},{"id":3225,"label":"exports","slug":"exports"},{"id":3228,"label":"GDP","slug":"gdp"},{"id":3344,"label":"general government","slug":"general-government"},{"id":3759,"label":"GG accounts income savings and profits","slug":"gg-accounts-income-savings-and-profits"},{"id":3550,"label":"GG quarterly accounts","slug":"gg-quarterly-accounts"},{"id":3230,"label":"household","slug":"household"},{"id":3250,"label":"imports","slug":"imports"},{"id":3348,"label":"income","slug":"income"},{"id":3336,"label":"income savings and profits","slug":"profits"},{"id":3263,"label":"investments","slug":"investments"},{"id":3365,"label":"primary balance","slug":"primary-balance"},{"id":3283,"label":"production","slug":"production"},{"id":3234,"label":"public finance","slug":"public-finance"},{"id":3220,"label":"revenue","slug":"revenue"},{"id":3361,"label":"saving","slug":"saving"},{"id":2968,"label":"statistics flash","slug":"flash"},{"id":3415,"label":"value added","slug":"value-added"}],"categories-info":[{"id":4082,"label":"Press release","slug":"press-release"}],"_links":{"self":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/22060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=22060"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/22060\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=22060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=22060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=22060"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=22060"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=22060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\ngovernment deficit (net borrowing) to GDP ratio was 2.1% in the third quarter of 2016, compared with 2.0% in the same quarter of 2015. The tax burden ratio stood at 40.8% of GDP, 0.2 percentage points lower compared with the same quarter of the previous year.<\/p>\n
\nin the previous quarter and 8.7% in the third quarter of 2015.<\/p>\n