Quarterly Sector Accounts - 3rd quarter of 2023
Income of households increased by 0.9%, q-o-q
According to seasonally adjusted data, the total of monetary and non-monetary income of households increased in real terms by 0.9% compared to the previous quarter. The real consumption per capita decreased by 0.3%, quarter-on-quarter (q-o-q), and the saving rate increased by 0.8 percentage point (p. p.). The investment rate of non-financial corporations increased by 0.4 p. p. compared to the previous quarter.
Non-financial corporations: the investment rate increased, q-o-q, the profit rate decreased
The profit rate in the Q3 2023 was 48.5%, which is by 0.2 p. p. less, compared to the previous quarter, and by 0.3 p. p.1 more, year-on-year. The total labour costs of non-financial corporations increased by 7.1%1, y-o-y. The investment rate increased by 0.4 p. p., q-o-q, and reached 28.9%. It increased by 0.3 p. p.1, year-on-year.
Households: income increased, q-o-q, consumption decreased
“The total of real monetary and non-monetary income of households per capita increased in the Q3 2023 by 0.9%, q-o-q, and decreased by 3.7%1 in the year-on-year comparison,”2 Vladimír Kermiet, Director of the National Accounts Department of the CZSO, said.
The household real consumption per capita decreased by 0.3%, q-o-q; in the year-on-year comparison, it decreased by 5.2%1,3.
The average monthly income from employment reached CZK 43 3711 in the Q3 2023. It increased in real terms by 0.5%, q-o-q; it stagnated in the y-o-y comparison1.
The household saving rate reached 18.7% in the Q3 2023, which is by 0.8 p. p. more compared to the previous quarter and by 0.7 p. p.1 more, year-on-year.
The investment rate in the household sector decreased by 0.1%, q-o-q, and reached 7.4%. In the year-on-year comparison, the investment rate of households decreased by 0.2 p. p.1
GDP estimate refinement
Concurrently, the gross domestic product (GDP) estimate has been refined. The GDP decreased by 0.6% in the q-o-q comparison and by 0.8%, y-o-y, in the Q3 2023. For the time series of GDP resources and uses see: https://www.czso.cz/csu/czso/hdp_ts.
1 seasonally non-adjusted piece of data
2 income of households per capita would have fallen by 0.8% if those granted temporary protection in connection with the armed conflict in Ukraine were not included.
3 household consumption per capita would have decreased by 2.4% year-on-year if persons granted temporary protection in connection with the armed conflict in Ukraine were not included.
All terms are in terms of national accounts; for explanations of terms written in bold italics see: https://apl.czso.cz/nufile/Definitions.pdf.
Contact person: Vladimír Kermiet, Director of the National Accounts Department, phone number (+420) 274 054 247, e-mail: vladimir.kermiet@czso.cz
Used data sources updated as at: 19 December 2023
Related CZSO website: https://www.czso.cz/csu/czso/quarterly-national-accounts-gdp-resources-and-uses-and-gdp-preliminary-estimate
Next news release will be published on: 28 March 2024 (Quarterly sector accounts for the fourth quarter of 2023)
Data of quarterly sector accounts are seasonally adjusted unless otherwise stated.
The news release of Eurostat on quarterly sector accounts is published later. The latest published information for the second quarter of 2023 is available at:
https://ec.europa.eu/eurostat/web/products-euro-indicators/w/2-27102023-ap,
https://ec.europa.eu/eurostat/web/products-euro-indicators/w/2-05102023-ap.
Quarterly sector accounts data are published on the CZSO website in the tables of Transactions in products and distributive transactions by sector: http://apl.czso.cz/pll/rocenka/rocenkavyber.kvart_qsa?mylang=EN&oblast=@RU
and quarterly non-financial sector accounts (current and capital accounts):
http://apl.czso.cz/pll/rocenka/rocenkavyber.kvart_qsa_mat?mylang=EN&oblast=@RU
Attachments
- year 2023 | 4th quarter of 2023 | 3rd quarter of 2023 | 2nd quarter of 2023 | 1st quarter of 2023
- year 2022 | 4. quarter of 2022 | 3. quarter of 2022 | 2. quarter of 2022 | 1. quarter of 2022
- year 2021 | 4. quarter of 2021 | 3. quarter of 2021 | 2. quarter of 2021 | 1. quarter of 2021
- year 2020 | 4th quarter of 2020 | 3rd quarter of 2020 | 2nd quarter of 2020 | 1st quarter of 2020
- year 2019 | 4th quarter of 2019 | 3rd quarter of 2019 | 2nd quarter of 2019 | 1st quarter of 2019
- year 2018 | 4. quarter of 2018 | 3. quarter of 2018 | 2. quarter of 2018 | 1. quarter of 2018
- year 2017 | 4th quarter of 2017 | 3rd quarter of 2017 | 2nd quarter of 2017 | 1st quarter of 2017
- year 2016 | 4. quarter of 2016 | 3. quarter of 2016 | 2. quarter of 2016 | 1. quarter of 2016
- year 2015 | 4th quarter of 2015 | 3rd quarter of 2015 | 2nd quarter of 2015 | 1st quarter of 2015
- year 2014 | 4 quarter 2014 | 3 quarter 2014 | 2 quarter 2014 | 1 quarter 2014
Published: 05.01.2024
The data are valid as of the release date of the publication.
Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz