Quarterly non-financial sector accounts - Q2 2023

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 GG are unadjusted.

In the second quarter of 2023 the GG net borrowing over GDP stood at -5.4% (-5.7% in the second quarter of 2022).

The primary balance of GG was negative, at -0.8% over GDP (-1.1% in the second quarter of 2022).

The current balance of GG was positive, at 0.3% over GDP (0.6% % in the second quarter of 2022).

The tax burden was 42.0%, stable compared to the second quarter of 2022.

Gross disposable income of consumer households fell by 0.1% over the previous quarter, while their final consumption expenditure grew by 0.2%.

Households’ saving rate was 6.3%, 0.4 percentage points lower than in the first quarter of 2023.

Consumer households’ gross disposable income decreased by 0.2%.

The profit share of non financial corporations was 43.2%, 1.9 percentage points lower than in the first quarter of 2023.

The investment rate of non financial corporations was 22.7%, stable with respect to the first quarter of 2023.