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

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.

General government account

In the fourth quarter of 2016 total expenditures and total revenues of General government both decreased by 0.9% compared with the same quarter of the previous year. The decrease of total expenditures resulted from an increase by 2.4% in current expenditures and a fall by 30.7% in total capital expenditures. The total revenues decline was driven by lower current revenues (-0.7%) and lower total capital revenues (-16.7%). The General government deficit (net borrowing) to GDP ratio in the fourth quarter of 2016 was unchanged compared with the second quarter of 2015 (2.3%). The tax burden ratio decreased at 49.6% of GDP, 0.6 percentage points lower compared with the fourth quarter of the previous year.

Consumer households

In the fourth quarter of 2016 gross disposable income of Consumer households decreased by 0.6% with respect to the previous quarter while final consumption expenditure increased by 0.5%. Compared with the fourth quarter of 2015 gross disposable income of Consumer households increased by 1.0% and final consumption expenditure by 1.2%. Gross disposable income of Consumer households in real terms decreased by 0.9% compared with the previous quarter, and increased by 0.9% compared with the fourth quarter of 2015.

The gross saving rate of Consumer households (defined as gross saving divided by gross disposable income, the latter being adjusted for the change in the net equity of households in pension funds reserves) was 8.0%, compared with 9.0% in the previous quarter and 8.1% in the fourth quarter of 2015.

The gross investment rate of Consumer households (defined as gross fixed capital formation divided by gross disposable income) was 6.1% in the fourth quarter of 2016, unchanged with respect to the previous quarter (6.1%) and 0.1 percentage points higher compared to the same quarter of 2015 (6.0%).

Non-financial corporations

The gross profit share of Non-financial corporations (defined as gross operating surplus divided by gross value added) was 42.4% in the fourth quarter of 2016, compared to 42.1% in the previous quarter and 41.3% in the fourth quarter of 2015.

Gross investment rate of Non-financial corporations (defined as gross fixed capital formation divided by gross value added) was 20.5 in the fourth quarter of 2016, compared with 19.9% in the previous quarter and with 19.3% in the fourth quarter of 2015.

tags:
accounts, consumptions, current balance, debt, deficit, expenditure, exports, GDP, general government, GG accounts income savings and profits, GG quarterly accounts, household, imports, income, income savings and profits, investments, primary balance, production, public finance, revenue, saving, statistics flash, value added
theme:
Households economic conditions, National accounts
document typology:
Press release
Reference period
Fourth quarter 2016
Date of publication
4 April 2017
Next release
30 June 2017
Full Text
(pdf 156 KB)
Time series
(xls 269 KB)
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The documents published before April, 4 2016 are available in the archives of
Quarterly accounts for General Government and
Households income and savings and profits

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