Consumer expenditure increased 4.4%, while the decline in savings (-4.1%) was accelerated compared to the corresponding space last year
An increase of 1.4% was the disposable income of the households and non -profit institutions that serve households (MKIEN) in the 4th quarter of 2024, compared to the corresponding period of the previous year, as evidenced by the Greek Statistical Authority (ELSTAT).
Specifically, the disposable income amounted to EUR 39.13 billion from € 38.60 billion in the 4th quarter of 2023.
At the same time, the final consumer expenditure of households and non -profit institutions serving households increased by 4.4% compared to the corresponding quarter of the previous year, from € 39.03 billion to € 40.72 billion.
The savings rate of households and MKIEN, defined as gross savings to gross income, however showed a decrease of 4.1% in the 4th quarter of 2024, compared to a decrease of 1.1% in the corresponding quarter of 2023.
Regarding gross fixed capital investments of the non -financial firm (S.11), in the 4th quarter of 2024, amounted to EUR 4.85 billion. The percentage of sector investments defined as gross fixed capital investments to gross added value was 24.1% compared to 22.9% in the 4th quarter of 2023.
The General Government sector (S.13) during the 4th quarter of 2024 showed net loans of € 1.12 billion, compared to the 4th quarter of 2023 that net loan was € 0.02 billion.
Finally, the 4th quarter of 2024 was recorded a deficit on the external balance of 6.17 billion euros of goods and services, compared to a deficit of € 6.28 billion recorded in the 4th quarter of 2023.
In addition, in the 4th quarter of 2024, a surplus was recorded on the external balance of primary income, current and capital transfers of € 1.95 billion, against a € 0.95 billion surplus recorded last year.
As a result of the above, the total economy (S.1) showed net loans of 4.22 billion euros in the 4th quarter of 2024.
Source: Skai
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