Decrease in households saving and corporations investment rates
In 2023 gross disposable income grows by 4.7% whereas households purchasing power decreases (-0.5%). Final consumption expenditure increases by 6.5%, households saving rate slows down to 6.3%, from 7.8% in 2022, reaching the lowest value since 1995.
Households investment rate stands at 9.0% (from 9.2% in 2022).
Value added of non-financial corporations rises by 6.2% and profit share reaches 44.8% (45.4% in 2022). Gross fixed capital formation decreases by 0.6% and investment rate of non-financial corporations is estimated at 20.9% (22.3% in the previous year).
Note. On April 22, 2024 at 11 a.m., annual national accounts by institutional sectors series, referred to data presented in this press release and published on IstatData and I.stat, were updated to incorporate general government data revisions included in the notification tables compiled in compliance with the Excessive Deficit Procedure (EDP). Revisions refer to ‘Capital transfers’ paid by general government to consumer households and non-financial corporations and, for these institutional sectors, the accounting balances that follow.