At the same time, final consumption expenditure increased by 4.4%, from €39.03 billion to €40.72 billion.
On the other hand, the savings rate, defined as gross savings to gross disposable income, was -4.1% in the fourth quarter of 2024, compared to -1.1% in the fourth quarter of 2023.
According to the quarterly non-financial accounts of institutional sectors from ELSTAT:
In the fourth quarter of 2024, private investments (gross fixed capital formation of non-financial corporations) amounted to €4.85 billion. The investment ratio, defined as gross fixed capital formation to gross value added, was 24.1%, compared to 22.9% in the fourth quarter of 2023.
The general government sector recorded a net loan issuance of €1.12 billion, compared to a net loan receipt of €0.02 billion in the fourth quarter of 2023.
Meanwhile, a deficit was recorded in the goods and services balance of payments of €6.17 billion, compared to a deficit of €6.28 billion recorded in the fourth quarter of 2023.
Additionally, a surplus was recorded in the primary income, current, and capital transfers balance of payments of €1.95 billion, compared to a surplus of €0.95 billion recorded in the same quarter of 2023.
As a result of the above, the overall economy recorded a net loan receipt of €4.22 billion. In the corresponding quarter of 2023, the net loan receipt amounted to €5.34 billion.
