Euro area economic and financial developments by institutional sector: fourth quarter of 2017, 27 April 2018
Euro area saving (net, as a percentage of disposable income) was higher in the fourth quarter of 2017 than in the same quarter of the previous year. Total euro area non-financial investment (net) increased owing to higher investment by households and non-financial corporations (NFCs). Euro area net lending to the rest of the world decreased compared with the year before.
• The household debt to GDP ratio was lower compared with the previous year and decreased to 58.1%.
• The debt-to-GDP ratio of non-financial corporations decreased compared with the year before and stood at 131.6%. Gross non-financial investment of NFCs increased at a lower annual rate (3.4% after 4.1% in the previous quarter).
- World Economic Forum, (2018), «The Inclusive Development Index 2018», 22 January
- Michael J. Boskin (2017), «The World Economy in 2018», Project Syndicate, 21 December