Increase 2.4% noted the available income of the field of households and non-profit institutions serving households fourth quarter last year compared to the corresponding quarter of the previous year, from 38.67 billion euros to 39.61 billion euros.

At the same time, the final consumption expenditure of households and non-profit institutions serving households increased by 5.8% compared to the fourth quarter of 2022, from €37.3 billion to €39.5 billion.

While, the savings rate, defined as gross saving to gross disposable income, was -8.9% in Q4 2023, compared to -10.6% in Q4 2022.

Also according to the quarterly non-financial accounts of institutional sectors from ELSTAT:

Private investments (gross fixed capital investments) of non-financial companies amounted to 3.8 billion euros. The sector’s investment ratio, defined as gross fixed capital formation to gross value added, was 20.1% compared to 19.9% ​​in Q4 2022.

In the external balance of goods and services, a deficit of 6.23 billion euros was recorded, compared to a deficit of 8.45 billion euros recorded in the fourth quarter of 2022. In particular, the value of imports of goods and services decreased by 4.43%, while the value of exports of goods and services decreased by 2.21%.

The General Government sector showed a net borrowing of €0.7 billion, compared to Q4 2022 when the net borrowing was €0.3 billion. In addition, in the fourth quarter of 2023 a surplus was recorded in the external balance of primary income, current and capital transfers of 1.11 billion euros, compared to a surplus of 2.07 billion euros recorded in the corresponding quarter of 2022.

As a result of the above, the overall economy showed a net borrowing of 5.13 billion euros in the fourth quarter of 2023, while in the corresponding quarter of 2022 the net borrowing amounted to 6.38 billion euros.