Quarterly non-financial sector accounts

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 2021 the GG deficit (net borrowing) to GDP ratio was -6.2, compared to -9.8% in the same quarter of 2020.

The GG current balance was negative and its ratio to GDP stood at -2.0% (-4.2% in the third quarter of 2020).

The GG primary balance was also negative, with a ratio to GDP at -2.9%, compared to -6.4% in the third quarter of 2020.

The tax burden ratio stood at 41.0% of GDP, 2.0 percentage points higher than the third quarter of 2020.

Gross disposable income of consumer households increased by 1.8% with respect to the previous quarter, while final consumption expenditure at current prices grew by 3.6%.

Saving rate of consumer households was 11.0%, 1.6 percentage points lower than in the previous quarter.

Gross disposalble income of consumer households increased by 1.2% in real terms.

The profit share of non-financial corporations was 42.8%, 0.3 percentage points higher than the previous quarter.

The investment rate of non-financial corporations was 21.5%, 0.7 percentage points lower than in the previous quarter.