STAT/13/66

29 April 2013

Fourth quarter of 2012
Household saving rate downto 12.2% in the euro area and to 10.7% in the EU27
Household real income per capita fell by 1.1% in the euro area

In the fourth quarter of 2012, the household saving rate1in the euro area2 was 12.2%, compared with 12.8% in the third quarter of 20123. In the EU274, the household saving ratewas 10.7%, compared with 11.0% in the previous quarter.

These data come from a detailed set of seasonally adjusted5 quarterly European sector accounts6released by Eurostat, the statistical office of the European Union and the European Central Bank (ECB).

Household saving rate (seasonally adjusted)

Household investment rate remained at low levels in both zones

In the EU27, the household investment rate7 was 8.1% in the fourthquarter of 2012, compared with 8.0% in the thirdquarter of 20123. In the euro area, the household investment rate was8.9%,stable compared with the previous quarter.

Household investment rate (seasonally adjusted)

In the euro area, in nominal terms, household income8fell by 0.5% in the fourthquarter of 2012, while consumption increased by 0.1%and investment (gross fixed capital formation, mostly in dwellings) fell by 0.2%.

Nominal growth of household adjusted gross disposable income, actual final consumption and gross fixed capital formation (euro area)

(seasonally adjusted data, change compared with the previous quarter)

In the euro area, in nominal terms, the decrease in household income (-0.5%) was due to the negative contributions of wages9 (-0.3 percentage points),taxes(-0.2 pp) and gross operating surplus and mixed income
(-0.1 pp)while social benefits (+0.1 pp) contributed positively.

Contributions of components to the nominal growth of household adjusted gross disposable income (euro area)

(seasonally adjusted data, change compared with the previous quarter)

Household real income per capita down in the euro area

In the euro area, household income per capita10 fell by 1.1% in real termsin the fourth quarter of 2012, after a decrease of 0.4% in the previous quarter.This fall was the result of a drop in nominal incomeper capita(-0.6%) while prices increased (+0.5%). Household real consumption per capita decreased(-0.5%).

Growth of household adjusted gross disposable income per capita, in nominal and real terms,
and of the deflator of final consumption expenditure (euro area)

(seasonally adjusted data, change compared with the previous quarter)

  1. The gross saving rate of households (household saving rate) is defined as gross saving divided by gross disposable income, with the latter including the change in the net equity of households in pension funds reserves. Gross saving is the part of the gross disposable income, after the latter inclusion, which is not spent as final consumption expenditure. Therefore, the saving rate increases when gross disposable income grows at a higher rate than final consumption expenditure.
  2. The euro area (EA17) consists of 17 Member States: Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland plus the European Central Bank.
  3. The whole time series are revised every quarter. Compared with News Release 15/2013 of 29 January 2013, the household saving rates for the third quarter of 2012 have been revised from13.0% to 12.8% for the euro area and from 11.2% to 11.0% for the EU27. The household investment ratesremainunchanged at 8.9% for the euro area and at 8.0% for the EU27.
  4. The European Union (EU27) consists of 27 Member States: Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom plus the European Central Bank and the EU institutions.
  5. Seasonal adjustment has been performed using the Tramo-Seats method. The seasonally adjusted series are built up indirectly as the sum of seasonally adjusted components.
  6. The compilation of the European sector accounts follows the European System of Accounts (ESA 95) and covers the period from the first quarter of 1999 to the fourth quarter of 2012.

Institutional sectors bring together economic units with broadly similar characteristics and behaviour, namely: households (including non-profit institutions serving households), non-financial corporations, financial corporations, government and the rest of the world. In the latter, to measure the external transactions of the euro area / EU, it is necessary to remove cross-border flows within the area concerned.

The ECB and Eurostat publish integrated non-financial and financial accounts, including financial balance sheets, for the euro area. Eurostat also publishes the non-financial accounts of the European Union.

Eurostat's website includes detailed annual sector accounts by country and derived key indicators, which also include the indicators that combine non-financial and financial accounts such as debt-to-income ratios.

The full set of quarterly sector accounts is published for euro area / EU27 aggregates only. However, some of the EU27 Member States' data are available in the Eurostat database and a subset of quarterly key indicators is published 105 days after each quarter at (see "Quarterly data")for 15 out of the 18 members of the European Economic Area (EEA) whose GDP is above 1% of the EU27 total. The other 12 EEA members, whose GDP is below 1% of the EU27 total, do not have to transmit the quarterly accounts of households to Eurostat.

General information on European sector accounts compilation is given in the metadata file available at

For detailed data and methodology, please see Eurostat's website at: and ECB's website at:

  1. The gross investment rate of households (household investment rate) is defined as gross fixed capital formation divided by gross disposable income, with the latter being adjusted for the change in the net equity of households in pension funds reserves. Household investment mainly consists of the purchase and renovation of dwellings.
  2. In this release, household income / consumption refer to the adjusted gross disposable income / actual final consumption of households including the value of goods and services (e.g. in education and health) financed by government. The amount of goods and services financed by government are recorded under 'social transfers in kind'.
  3. In this release, wages exclude social contributions paid either by employees or by employers.
  4. Household real income per capita is defined as the adjusted gross disposable income of households, in nominal terms, divided by the total population (source: National Accounts) and by the deflator (price index) of household final consumption expenditure.

Issued by: Eurostat Press Office
Tim ALLEN
Tel: +352-4301-33 444

Eurostat news releases on the internet:
/ For further information:
Leonidas AKRITIDIS
Péter GÁL
Enrico INFANTE
Tel: +352-4301-31 542
Tel: +352-4301-36 120

Selected Principal European Economic Indicators:

Table 1: Key indicators of the euro area (EA17) and of the European Union (EU27)

Euro area (EA17) / European Union (EU27)
Saving rate, % / Investment rate, % / Saving rate, % / Investment rate, %
Not seasonally adjusted / Seasonally adjusted / Not seasonally adjusted / Seasonally adjusted / Not seasonally adjusted / Seasonally adjusted / Not seasonally adjusted / Seasonally adjusted
2001 / Q1 / 12.8 / 13.9 / 10.0 / 10.2 / 11.0 / 12.1 / 9.1 / 9.3
Q2 / 16.7 / 13.5 / 10.1 / 10.1 / 14.9 / 11.9 / 9.0 / 9.2
Q3 / 12.8 / 14.1 / 10.2 / 10.0 / 10.7 / 12.3 / 9.3 / 9.1
Q4 / 13.5 / 14.2 / 10.0 / 9.9 / 11.9 / 12.3 / 9.1 / 9.1
2002 / Q1 / 13.1 / 14.3 / 9.8 / 10.0 / 10.8 / 11.9 / 9.0 / 9.1
Q2 / 18.1 / 14.6 / 9.8 / 9.9 / 15.8 / 12.6 / 8.9 / 9.1
Q3 / 12.8 / 14.5 / 10.2 / 10.0 / 10.3 / 12.2 / 9.5 / 9.3
Q4 / 13.7 / 14.4 / 10.0 / 9.9 / 11.5 / 11.9 / 9.4 / 9.3
2003 / Q1 / 13.5 / 14.4 / 9.7 / 9.9 / 11.1 / 12.1 / 9.1 / 9.3
Q2 / 17.7 / 14.3 / 9.8 / 10.0 / 15.2 / 12.0 / 9.1 / 9.3
Q3 / 12.7 / 14.4 / 10.3 / 10.0 / 10.0 / 11.9 / 9.7 / 9.4
Q4 / 13.6 / 14.5 / 10.3 / 10.1 / 11.4 / 11.9 / 9.7 / 9.5
2004 / Q1 / 13.3 / 14.4 / 9.8 / 10.1 / 10.4 / 11.6 / 9.5 / 9.7
Q2 / 18.0 / 14.5 / 9.9 / 10.1 / 15.1 / 11.6 / 9.4 / 9.6
Q3 / 12.6 / 14.6 / 10.4 / 10.1 / 9.8 / 11.9 / 9.9 / 9.7
Q4 / 13.6 / 14.3 / 10.4 / 10.2 / 10.8 / 11.4 / 10.0 / 9.8
2005 / Q1 / 12.9 / 14.2 / 9.9 / 10.2 / 10.2 / 11.6 / 9.5 / 9.6
Q2 / 17.8 / 14.3 / 10.2 / 10.4 / 15.0 / 11.3 / 9.6 / 9.9
Q3 / 11.5 / 13.5 / 10.8 / 10.6 / 8.5 / 10.5 / 10.3 / 10.1
Q4 / 13.4 / 13.9 / 10.9 / 10.7 / 10.6 / 10.9 / 10.4 / 10.2
2006 / Q1 / 11.7 / 13.3 / 10.7 / 10.9 / 9.5 / 11.3 / 10.1 / 10.3
Q2 / 17.7 / 13.6 / 10.7 / 10.9 / 14.9 / 10.7 / 10.1 / 10.4
Q3 / 11.5 / 13.7 / 11.3 / 11.1 / 8.3 / 10.6 / 10.7 / 10.4
Q4 / 13.7 / 14.0 / 11.5 / 11.3 / 10.8 / 11.0 / 10.8 / 10.6
2007 / Q1 / 12.7 / 14.3 / 11.3 / 11.5 / 9.4 / 11.3 / 10.7 / 10.8
Q2 / 18.5 / 13.9 / 11.0 / 11.3 / 15.2 / 10.6 / 10.4 / 10.7
Q3 / 11.5 / 13.9 / 11.5 / 11.2 / 8.2 / 10.6 / 10.9 / 10.6
Q4 / 13.3 / 13.9 / 11.4 / 11.2 / 10.2 / 10.4 / 10.7 / 10.6
2008 / Q1 / 12.5 / 14.1 / 10.7 / 11.0 / 8.6 / 10.6 / 10.2 / 10.4
Q2 / 18.3 / 14.1 / 10.5 / 10.8 / 15.2 / 11.0 / 9.8 / 10.0
Q3 / 11.9 / 14.1 / 10.8 / 10.5 / 8.8 / 10.8 / 9.9 / 9.6
Q4 / 14.3 / 14.8 / 10.1 / 10.0 / 11.8 / 12.0 / 9.3 / 9.2
2009 / Q1 / 14.3 / 15.8 / 9.2 / 9.5 / 11.1 / 12.9 / 8.4 / 8.7
Q2 / 19.1 / 15.3 / 9.0 / 9.1 / 17.3 / 13.7 / 8.2 / 8.3
Q3 / 12.5 / 14.8 / 9.2 / 9.0 / 11.0 / 13.1 / 8.4 / 8.1
Q4 / 14.6 / 14.7 / 9.0 / 9.0 / 13.4 / 13.4 / 8.2 / 8.1
2010 / Q1 / 12.5 / 14.2 / 8.7 / 8.9 / 10.4 / 12.3 / 7.9 / 8.2
Q2 / 17.7 / 14.0 / 9.1 / 9.1 / 15.6 / 12.0 / 8.3 / 8.4
Q3 / 11.1 / 13.6 / 9.4 / 9.1 / 9.4 / 11.6 / 8.7 / 8.4
Q4 / 13.3 / 13.3 / 9.0 / 9.0 / 11.2 / 11.1 / 8.4 / 8.4
2011 / Q1 / 11.5 / 13.4 / 8.9 / 9.1 / 9.2 / 11.2 / 8.0 / 8.3
Q2 / 17.0 / 13.4 / 9.1 / 9.1 / 15.1 / 11.6 / 8.3 / 8.4
Q3 / 10.6 / 12.9 / 9.4 / 9.1 / 8.4 / 10.5 / 8.7 / 8.5
Q4 / 13.3 / 13.2 / 9.1 / 9.1 / 11.5 / 11.4 / 8.4 / 8.4
2012 / Q1 / 11.5 / 13.1 / 8.7 / 9.0 / 9.5 / 11.1 / 7.9 / 8.2
Q2 / 16.5 / 12.9 / 8.9 / 8.9 / 14.7 / 11.1 / 8.1 / 8.1
Q3 / 10.5 / 12.8 / 9.1 / 8.9 / 8.8 / 11.0 / 8.3 / 8.0
Q4 / 12.3 / 12.2 / 8.9 / 8.9 / 10.8 / 10.7 / 8.1 / 8.1

Table 2:Household adjusted gross disposable incomeand its componentsin the euro area (EA17)

(seasonally adjusted, millions of euro at current prices)

Gross disposable income / Social transfers in kind / Adjusted gross disposable income / Adjusted gross disposable income per capita (in euro) / Gross disposable income including the change in the net equity in pension funds
Wages
(received) / Gross operating surplus and mixed income / Net property income and other current transfers / Social benefits / Taxes (-) / Total
2001 / Q1 / 544306 / 283105 / 187211 / 311180 / 166082 / 1159719 / 205160 / 1364879 / 4326 / 1171552
Q2 / 547333 / 285023 / 187165 / 314194 / 167568 / 1166147 / 208441 / 1374588 / 4351 / 1178348
Q3 / 554402 / 288168 / 187111 / 317093 / 166375 / 1180398 / 211206 / 1391604 / 4399 / 1192701
Q4 / 560157 / 289739 / 188889 / 319861 / 169675 / 1188970 / 215106 / 1404076 / 4432 / 1201792
2002 / Q1 / 564623 / 292008 / 182738 / 325949 / 168728 / 1196591 / 218225 / 1414816 / 4461 / 1208654
Q2 / 568494 / 296024 / 182974 / 329859 / 169171 / 1208179 / 221605 / 1429784 / 4502 / 1220717
Q3 / 571681 / 298030 / 184206 / 334875 / 170685 / 1218107 / 224801 / 1442908 / 4536 / 1230869
Q4 / 574442 / 300129 / 188870 / 339038 / 169674 / 1232805 / 227353 / 1460158 / 4582 / 1245236
2003 / Q1 / 574005 / 301990 / 191707 / 340939 / 169701 / 1238940 / 230168 / 1469109 / 4605 / 1252741
Q2 / 577539 / 303781 / 189426 / 345486 / 170026 / 1246207 / 232169 / 1478376 / 4626 / 1259812
Q3 / 586229 / 307344 / 189761 / 349240 / 171876 / 1260698 / 235246 / 1495945 / 4673 / 1273992
Q4 / 588241 / 311005 / 192359 / 350921 / 173221 / 1269306 / 236928 / 1506234 / 4697 / 1283463
2004 / Q1 / 592160 / 314020 / 193878 / 355303 / 171829 / 1283531 / 238436 / 1521968 / 4739 / 1296977
Q2 / 597367 / 318137 / 195565 / 357452 / 174019 / 1294503 / 240900 / 1535402 / 4774 / 1308512
Q3 / 597801 / 322351 / 198713 / 359688 / 172868 / 1305685 / 242614 / 1548298 / 4806 / 1319350
Q4 / 602470 / 323685 / 202646 / 361864 / 175134 / 1315531 / 244768 / 1560299 / 4835 / 1330054
2005 / Q1 / 608579 / 327984 / 203058 / 364103 / 177789 / 1325934 / 248823 / 1574757 / 4873 / 1339329
Q2 / 611975 / 331082 / 208241 / 368771 / 179000 / 1341070 / 251858 / 1592928 / 4923 / 1356299
Q3 / 617728 / 333278 / 211023 / 368717 / 183208 / 1347539 / 255226 / 1602765 / 4946 / 1362930
Q4 / 625798 / 337212 / 214182 / 372066 / 184199 / 1365059 / 259813 / 1624872 / 5006 / 1380231
2006 / Q1 / 629491 / 343576 / 214140 / 377208 / 190017 / 1374398 / 262012 / 1636410 / 5037 / 1389376
Q2 / 639507 / 348398 / 218081 / 379100 / 191864 / 1393221 / 265679 / 1658899 / 5100 / 1408907
Q3 / 643640 / 354486 / 221568 / 380132 / 193599 / 1406228 / 268214 / 1674442 / 5140 / 1422398
Q4 / 652788 / 360592 / 226269 / 384357 / 197963 / 1426043 / 270341 / 1696384 / 5198 / 1439823
2007 / Q1 / 662603 / 363846 / 226817 / 385608 / 200472 / 1438402 / 274102 / 1712504 / 5241 / 1453792
Q2 / 668466 / 368683 / 229742 / 389478 / 205468 / 1450900 / 275966 / 1726866 / 5277 / 1466283
Q3 / 677399 / 373812 / 234163 / 391816 / 210307 / 1466883 / 280010 / 1746893 / 5330 / 1481006
Q4 / 684947 / 377156 / 236911 / 400173 / 214844 / 1484343 / 283798 / 1768141 / 5386 / 1499873
2008 / Q1 / 698570 / 382042 / 236187 / 400459 / 217003 / 1500254 / 286636 / 1786890 / 5437 / 1517307
Q2 / 700059 / 384870 / 236737 / 406317 / 219311 / 1508673 / 291514 / 1800187 / 5470 / 1526213
Q3 / 704565 / 382609 / 235077 / 413315 / 218945 / 1516621 / 293989 / 1810610 / 5495 / 1533867
Q4 / 700083 / 375043 / 230915 / 418048 / 216331 / 1507758 / 297815 / 1805573 / 5474 / 1525375
2009 / Q1 / 698131 / 361615 / 227350 / 428333 / 213807 / 1501622 / 301895 / 1803517 / 5464 / 1517274
Q2 / 695473 / 360570 / 220246 / 437958 / 210565 / 1503682 / 304651 / 1808333 / 5475 / 1518642
Q3 / 694923 / 359686 / 213034 / 443493 / 209809 / 1501327 / 308300 / 1809628 / 5474 / 1515968
Q4 / 699039 / 358367 / 212055 / 446330 / 209610 / 1506181 / 310758 / 1816939 / 5491 / 1521295
2010 / Q1 / 699161 / 357008 / 212840 / 448042 / 209451 / 1507601 / 311306 / 1818907 / 5494 / 1522238
Q2 / 705062 / 357857 / 214829 / 448746 / 212096 / 1514398 / 312724 / 1827122 / 5515 / 1527563
Q3 / 706119 / 361104 / 217187 / 450644 / 211942 / 1523112 / 313326 / 1836438 / 5538 / 1537110
Q4 / 711321 / 363117 / 218810 / 453394 / 215920 / 1530722 / 313580 / 1844302 / 5557 / 1544697
2011 / Q1 / 718140 / 366383 / 220289 / 454024 / 217430 / 1541407 / 314575 / 1855982 / 5589 / 1555906
Q2 / 724126 / 369239 / 223852 / 455545 / 218846 / 1553916 / 315341 / 1869257 / 5626 / 1567705
Q3 / 721464 / 369720 / 225293 / 458910 / 223391 / 1551995 / 315961 / 1867957 / 5617 / 1567413
Q4 / 723774 / 370801 / 225131 / 461852 / 224334 / 1557225 / 316628 / 1873853 / 5630 / 1571954
2012 / Q1 / 726543 / 370877 / 226655 / 464562 / 229949 / 1558687 / 317382 / 1876069 / 5635 / 1573875
Q2 / 724805 / 369510 / 227276 / 465977 / 233451 / 1554117 / 317373 / 1871489 / 5618 / 1569105
Q3 / 726239 / 370170 / 224689 / 470797 / 236867 / 1555028 / 317722 / 1872750 / 5618 / 1569510
Q4 / 720290 / 368651 / 225115 / 471865 / 240038 / 1545883 / 317709 / 1863591 / 5586 / 1560547

Table 3: Household adjusted grossdisposable income and its components, in the euro area (EA17)

(seasonally adjusted, percentage change compared with the previous quarter)

Nominal growth of the components of adjusted gross disposable income / Contribution* of the components to nominal growth of adjusted gross disposable income / Nominal growth of the adjusted gross disposable income / Nominal growth of the adjusted gross disposable income per capita / Growth of the deflator of final consumption expenditure** / Real growth of the adjusted gross disposable income per capita
Wages (received) / Gross operating surplus and mixed income / Net property income and other current transfers / Social benefits / Taxes (-) / Social transfers in kind / Wages (received) / Gross operating surplus and mixed income / Net property income and other current transfers / Social benefits / Taxes / Social transfers in kind
2001 / Q1 / 1.7 / 1.8 / 1.7 / 1.8 / 1.6 / 1.3 / 0.7 / 0.4 / 0.2 / 0.4 / -0.2 / 0.2 / 1.7 / 1.6 / 0.4 / 1.2
Q2 / 0.6 / 0.7 / 0.0 / 1.0 / 0.9 / 1.6 / 0.2 / 0.1 / 0.0 / 0.2 / -0.1 / 0.2 / 0.7 / 0.6 / 0.8 / -0.3
Q3 / 1.3 / 1.1 / 0.0 / 0.9 / -0.7 / 1.3 / 0.5 / 0.2 / 0.0 / 0.2 / 0.1 / 0.2 / 1.2 / 1.1 / 0.4 / 0.7
Q4 / 1.0 / 0.5 / 1.0 / 0.9 / 2.0 / 1.8 / 0.4 / 0.1 / 0.1 / 0.2 / -0.2 / 0.3 / 0.9 / 0.8 / 0.3 / 0.4
2002 / Q1 / 0.8 / 0.8 / -3.3 / 1.9 / -0.6 / 1.5 / 0.3 / 0.2 / -0.4 / 0.4 / 0.1 / 0.2 / 0.8 / 0.6 / 0.6 / 0.1
Q2 / 0.7 / 1.4 / 0.1 / 1.2 / 0.3 / 1.5 / 0.3 / 0.3 / 0.0 / 0.3 / 0.0 / 0.2 / 1.1 / 0.9 / 0.4 / 0.5
Q3 / 0.6 / 0.7 / 0.7 / 1.5 / 0.9 / 1.4 / 0.2 / 0.1 / 0.1 / 0.4 / -0.1 / 0.2 / 0.9 / 0.8 / 0.4 / 0.4
Q4 / 0.5 / 0.7 / 2.5 / 1.2 / -0.6 / 1.1 / 0.2 / 0.1 / 0.3 / 0.3 / 0.1 / 0.2 / 1.2 / 1.0 / 0.6 / 0.5
2003 / Q1 / -0.1 / 0.6 / 1.5 / 0.6 / 0.0 / 1.2 / 0.0 / 0.1 / 0.2 / 0.1 / 0.0 / 0.2 / 0.6 / 0.5 / 0.9 / -0.4
Q2 / 0.6 / 0.6 / -1.2 / 1.3 / 0.2 / 0.9 / 0.2 / 0.1 / -0.2 / 0.3 / 0.0 / 0.1 / 0.6 / 0.5 / 0.2 / 0.3
Q3 / 1.5 / 1.2 / 0.2 / 1.1 / 1.1 / 1.3 / 0.6 / 0.2 / 0.0 / 0.3 / -0.1 / 0.2 / 1.2 / 1.0 / 0.5 / 0.5
Q4 / 0.3 / 1.2 / 1.4 / 0.5 / 0.8 / 0.7 / 0.1 / 0.2 / 0.2 / 0.1 / -0.1 / 0.1 / 0.7 / 0.5 / 0.6 / 0.0
2004 / Q1 / 0.7 / 1.0 / 0.8 / 1.2 / -0.8 / 0.6 / 0.3 / 0.2 / 0.1 / 0.3 / 0.1 / 0.1 / 1.0 / 0.9 / 0.5 / 0.4
Q2 / 0.9 / 1.3 / 0.9 / 0.6 / 1.3 / 1.0 / 0.3 / 0.3 / 0.1 / 0.1 / -0.1 / 0.2 / 0.9 / 0.7 / 0.6 / 0.2
Q3 / 0.1 / 1.3 / 1.6 / 0.6 / -0.7 / 0.7 / 0.0 / 0.3 / 0.2 / 0.1 / 0.1 / 0.1 / 0.8 / 0.7 / 0.5 / 0.2
Q4 / 0.8 / 0.4 / 2.0 / 0.6 / 1.3 / 0.9 / 0.3 / 0.1 / 0.3 / 0.1 / -0.1 / 0.1 / 0.8 / 0.6 / 0.5 / 0.1
2005 / Q1 / 1.0 / 1.3 / 0.2 / 0.6 / 1.5 / 1.7 / 0.4 / 0.3 / 0.0 / 0.1 / -0.2 / 0.3 / 0.9 / 0.8 / 0.4 / 0.3
Q2 / 0.6 / 0.9 / 2.6 / 1.3 / 0.7 / 1.2 / 0.2 / 0.2 / 0.3 / 0.3 / -0.1 / 0.2 / 1.2 / 1.0 / 0.5 / 0.5
Q3 / 0.9 / 0.7 / 1.3 / 0.0 / 2.4 / 1.3 / 0.4 / 0.1 / 0.2 / 0.0 / -0.3 / 0.2 / 0.6 / 0.5 / 0.7 / -0.2
Q4 / 1.3 / 1.2 / 1.5 / 0.9 / 0.5 / 1.8 / 0.5 / 0.2 / 0.2 / 0.2 / -0.1 / 0.3 / 1.4 / 1.2 / 0.5 / 0.7
2006 / Q1 / 0.6 / 1.9 / 0.0 / 1.4 / 3.2 / 0.8 / 0.2 / 0.4 / 0.0 / 0.3 / -0.4 / 0.1 / 0.7 / 0.6 / 0.6 / 0.0
Q2 / 1.6 / 1.4 / 1.8 / 0.5 / 1.0 / 1.4 / 0.6 / 0.3 / 0.2 / 0.1 / -0.1 / 0.2 / 1.4 / 1.3 / 0.5 / 0.7
Q3 / 0.6 / 1.7 / 1.6 / 0.3 / 0.9 / 1.0 / 0.2 / 0.4 / 0.2 / 0.1 / -0.1 / 0.2 / 0.9 / 0.8 / 0.4 / 0.4
Q4 / 1.4 / 1.7 / 2.1 / 1.1 / 2.3 / 0.8 / 0.5 / 0.4 / 0.3 / 0.3 / -0.3 / 0.1 / 1.3 / 1.1 / 0.3 / 0.8
2007 / Q1 / 1.5 / 0.9 / 0.2 / 0.3 / 1.3 / 1.4 / 0.6 / 0.2 / 0.0 / 0.1 / -0.1 / 0.2 / 1.0 / 0.8 / 0.6 / 0.2
Q2 / 0.9 / 1.3 / 1.3 / 1.0 / 2.5 / 0.7 / 0.3 / 0.3 / 0.2 / 0.2 / -0.3 / 0.1 / 0.8 / 0.7 / 0.6 / 0.1
Q3 / 1.3 / 1.4 / 1.9 / 0.6 / 2.4 / 1.5 / 0.5 / 0.3 / 0.3 / 0.1 / -0.3 / 0.2 / 1.2 / 1.0 / 0.6 / 0.4
Q4 / 1.1 / 0.9 / 1.2 / 2.1 / 2.2 / 1.4 / 0.4 / 0.2 / 0.2 / 0.5 / -0.3 / 0.2 / 1.2 / 1.1 / 1.0 / 0.0
2008 / Q1 / 2.0 / 1.3 / -0.3 / 0.1 / 1.0 / 1.0 / 0.8 / 0.3 / 0.0 / 0.0 / -0.1 / 0.2 / 1.1 / 0.9 / 0.7 / 0.2
Q2 / 0.2 / 0.7 / 0.2 / 1.5 / 1.1 / 1.7 / 0.1 / 0.2 / 0.0 / 0.3 / -0.1 / 0.3 / 0.7 / 0.6 / 0.8 / -0.2
Q3 / 0.6 / -0.6 / -0.7 / 1.7 / -0.2 / 0.8 / 0.3 / -0.1 / -0.1 / 0.4 / 0.0 / 0.1 / 0.6 / 0.5 / 0.6 / -0.1
Q4 / -0.6 / -2.0 / -1.8 / 1.1 / -1.2 / 1.3 / -0.2 / -0.4 / -0.2 / 0.3 / 0.1 / 0.2 / -0.3 / -0.4 / -0.5 / 0.1
2009 / Q1 / -0.3 / -3.6 / -1.5 / 2.5 / -1.2 / 1.4 / -0.1 / -0.7 / -0.2 / 0.6 / 0.1 / 0.2 / -0.1 / -0.2 / -0.8 / 0.6
Q2 / -0.4 / -0.3 / -3.1 / 2.2 / -1.5 / 0.9 / -0.1 / -0.1 / -0.4 / 0.5 / 0.2 / 0.2 / 0.3 / 0.2 / 0.1 / 0.1
Q3 / -0.1 / -0.2 / -3.3 / 1.3 / -0.4 / 1.2 / 0.0 / 0.0 / -0.4 / 0.3 / 0.0 / 0.2 / 0.1 / 0.0 / 0.3 / -0.3
Q4 / 0.6 / -0.4 / -0.5 / 0.6 / -0.1 / 0.8 / 0.2 / -0.1 / -0.1 / 0.2 / 0.0 / 0.1 / 0.4 / 0.3 / 0.3 / 0.0
2010 / Q1 / 0.0 / -0.4 / 0.4 / 0.4 / -0.1 / 0.2 / 0.0 / -0.1 / 0.0 / 0.1 / 0.0 / 0.0 / 0.1 / 0.1 / 0.4 / -0.3
Q2 / 0.8 / 0.2 / 0.9 / 0.2 / 1.3 / 0.5 / 0.3 / 0.0 / 0.1 / 0.0 / -0.1 / 0.1 / 0.5 / 0.4 / 0.5 / -0.2
Q3 / 0.1 / 0.9 / 1.1 / 0.4 / -0.1 / 0.2 / 0.1 / 0.2 / 0.1 / 0.1 / 0.0 / 0.0 / 0.5 / 0.4 / 0.6 / -0.2
Q4 / 0.7 / 0.6 / 0.7 / 0.6 / 1.9 / 0.1 / 0.3 / 0.1 / 0.1 / 0.1 / -0.2 / 0.0 / 0.4 / 0.3 / 0.6 / -0.2
2011 / Q1 / 1.0 / 0.9 / 0.7 / 0.1 / 0.7 / 0.3 / 0.4 / 0.2 / 0.1 / 0.0 / -0.1 / 0.1 / 0.6 / 0.6 / 0.8 / -0.2
Q2 / 0.8 / 0.8 / 1.6 / 0.3 / 0.7 / 0.2 / 0.3 / 0.2 / 0.2 / 0.1 / -0.1 / 0.0 / 0.7 / 0.6 / 0.6 / 0.1
Q3 / -0.4 / 0.1 / 0.6 / 0.7 / 2.1 / 0.2 / -0.1 / 0.0 / 0.1 / 0.2 / -0.2 / 0.0 / -0.1 / -0.2 / 0.4 / -0.6
Q4 / 0.3 / 0.3 / -0.1 / 0.6 / 0.4 / 0.2 / 0.1 / 0.1 / 0.0 / 0.2 / -0.1 / 0.0 / 0.3 / 0.2 / 0.8 / -0.5
2012 / Q1 / 0.4 / 0.0 / 0.7 / 0.6 / 2.5 / 0.2 / 0.1 / 0.0 / 0.1 / 0.1 / -0.3 / 0.0 / 0.1 / 0.1 / 0.6 / -0.5
Q2 / -0.2 / -0.4 / 0.3 / 0.3 / 1.5 / 0.0 / -0.1 / -0.1 / 0.0 / 0.1 / -0.2 / 0.0 / -0.2 / -0.3 / 0.3 / -0.6
Q3 / 0.2 / 0.2 / -1.1 / 1.0 / 1.5 / 0.1 / 0.1 / 0.0 / -0.1 / 0.3 / -0.2 / 0.0 / 0.1 / 0.0 / 0.4 / -0.4
Q4 / -0.8 / -0.4 / 0.2 / 0.2 / 1.3 / 0.0 / -0.3 / -0.1 / 0.0 / 0.1 / -0.2 / 0.0 / -0.5 / -0.6 / 0.5 / -1.1

*The contribution 'C' of an element 'E' to the growth of an aggregate 'A' between T-1 and T is CT = (ET - ET-1) / AT-1. It is also equal to the growth rate of the component (ET - ET-1)/ET-1 multiplied by its share in the aggregate at the previous period ET-1/AT-1.

**Deflator for the seasonally and working days adjusted final consumption expenditure of households (including non-profit institutions serving households) which has been used to deflate adjusted gross disposable income and actual final consumption (See table 4).

Table 4: Household final consumption and gross fixed capital formation, in the euro area (EA17)

(seasonally adjusted, millions of euro at current prices / percentage change compared with the previous quarter)

Gross fixed capital formation / Final consumption expenditure / Social transfers in kind / Actual final consumption / Actual final consumption per capita (in euro) / Nominal growth / Growth of the deflator of final consumption expenditure / Real growth of actual final consumptionper capita
Gross fixed capital formation / Actual final consumption / Actual final consumption per capita
2001 / Q1 / 119598 / 1008910 / 205160 / 1214070 / 3848 / 0.9 / 1.3 / 1.2 / 0.4 / 0.8
Q2 / 119522 / 1018855 / 208441 / 1227296 / 3885 / -0.1 / 1.1 / 1.0 / 0.8 / 0.1
Q3 / 118797 / 1024567 / 211206 / 1235773 / 3906 / -0.6 / 0.7 / 0.6 / 0.4 / 0.2
Q4 / 119341 / 1030950 / 215106 / 1246056 / 3934 / 0.5 / 0.8 / 0.7 / 0.3 / 0.4
2002 / Q1 / 120481 / 1035876 / 218225 / 1254101 / 3954 / 1.0 / 0.6 / 0.5 / 0.6 / 0.0
Q2 / 120982 / 1042353 / 221605 / 1263958 / 3979 / 0.4 / 0.8 / 0.6 / 0.4 / 0.2
Q3 / 122529 / 1052775 / 224801 / 1277576 / 4016 / 1.3 / 1.1 / 0.9 / 0.4 / 0.5
Q4 / 123526 / 1065461 / 227353 / 1292814 / 4057 / 0.8 / 1.2 / 1.0 / 0.6 / 0.5
2003 / Q1 / 124436 / 1071771 / 230168 / 1301939 / 4081 / 0.7 / 0.7 / 0.6 / 0.9 / -0.3
Q2 / 125387 / 1079666 / 232169 / 1311834 / 4105 / 0.8 / 0.8 / 0.6 / 0.2 / 0.4
Q3 / 127954 / 1090648 / 235246 / 1325894 / 4142 / 2.0 / 1.1 / 0.9 / 0.5 / 0.3
Q4 / 129615 / 1097259 / 236928 / 1334187 / 4160 / 1.3 / 0.6 / 0.4 / 0.6 / -0.1
2004 / Q1 / 130522 / 1109993 / 238436 / 1348429 / 4199 / 0.7 / 1.1 / 0.9 / 0.5 / 0.4
Q2 / 131963 / 1119268 / 240900 / 1360168 / 4229 / 1.1 / 0.9 / 0.7 / 0.6 / 0.1
Q3 / 133825 / 1126691 / 242614 / 1369304 / 4251 / 1.4 / 0.7 / 0.5 / 0.5 / 0.0
Q4 / 136207 / 1139658 / 244768 / 1384426 / 4290 / 1.8 / 1.1 / 0.9 / 0.5 / 0.4
2005 / Q1 / 136265 / 1149090 / 248823 / 1397913 / 4326 / 0.0 / 1.0 / 0.8 / 0.4 / 0.4
Q2 / 140997 / 1162717 / 251858 / 1414575 / 4371 / 3.5 / 1.2 / 1.1 / 0.5 / 0.6
Q3 / 144089 / 1179427 / 255226 / 1434653 / 4427 / 2.2 / 1.4 / 1.3 / 0.7 / 0.6
Q4 / 147576 / 1188261 / 259813 / 1448073 / 4462 / 2.4 / 0.9 / 0.8 / 0.5 / 0.3
2006 / Q1 / 150982 / 1204013 / 262012 / 1466024 / 4512 / 2.3 / 1.2 / 1.1 / 0.6 / 0.5
Q2 / 153759 / 1217965 / 265679 / 1483643 / 4561 / 1.8 / 1.2 / 1.1 / 0.5 / 0.6
Q3 / 157258 / 1227609 / 268214 / 1495823 / 4592 / 2.3 / 0.8 / 0.7 / 0.4 / 0.2
Q4 / 162550 / 1237885 / 270341 / 1508225 / 4622 / 3.4 / 0.8 / 0.7 / 0.3 / 0.3
2007 / Q1 / 167697 / 1246395 / 274102 / 1520497 / 4654 / 3.2 / 0.8 / 0.7 / 0.6 / 0.0
Q2 / 165882 / 1262595 / 275966 / 1538561 / 4702 / -1.1 / 1.2 / 1.0 / 0.6 / 0.4
Q3 / 165708 / 1275422 / 280010 / 1555432 / 4746 / -0.1 / 1.1 / 0.9 / 0.6 / 0.4
Q4 / 167501 / 1290990 / 283798 / 1574788 / 4797 / 1.1 / 1.2 / 1.1 / 1.0 / 0.1
2008 / Q1 / 166477 / 1303692 / 286636 / 1590327 / 4838 / -0.6 / 1.0 / 0.9 / 0.7 / 0.1
Q2 / 164361 / 1310474 / 291514 / 1601988 / 4868 / -1.3 / 0.7 / 0.6 / 0.8 / -0.2
Q3 / 160644 / 1318307 / 293989 / 1612296 / 4893 / -2.3 / 0.6 / 0.5 / 0.6 / -0.1
Q4 / 152478 / 1299079 / 297815 / 1596893 / 4841 / -5.1 / -1.0 / -1.1 / -0.5 / -0.6
2009 / Q1 / 144090 / 1278056 / 301895 / 1579951 / 4787 / -5.5 / -1.1 / -1.1 / -0.8 / -0.3
Q2 / 138879 / 1286137 / 304651 / 1590787 / 4816 / -3.6 / 0.7 / 0.6 / 0.1 / 0.5
Q3 / 136437 / 1290949 / 308300 / 1599250 / 4837 / -1.8 / 0.5 / 0.4 / 0.3 / 0.2
Q4 / 136324 / 1297265 / 310758 / 1608024 / 4860 / -0.1 / 0.5 / 0.5 / 0.3 / 0.1
2010 / Q1 / 136198 / 1306655 / 311306 / 1617961 / 4887 / -0.1 / 0.6 / 0.6 / 0.4 / 0.2
Q2 / 139449 / 1314075 / 312724 / 1626800 / 4910 / 2.4 / 0.5 / 0.5 / 0.5 / -0.1
Q3 / 139774 / 1327368 / 313326 / 1640694 / 4948 / 0.2 / 0.9 / 0.8 / 0.6 / 0.2
Q4 / 138954 / 1339239 / 313580 / 1652818 / 4980 / -0.6 / 0.7 / 0.6 / 0.6 / 0.1
2011 / Q1 / 141558 / 1347246 / 314575 / 1661822 / 5005 / 1.9 / 0.5 / 0.5 / 0.8 / -0.3
Q2 / 142948 / 1358099 / 315341 / 1673440 / 5036 / 1.0 / 0.7 / 0.6 / 0.6 / 0.1
Q3 / 142859 / 1364619 / 315961 / 1680580 / 5054 / -0.1 / 0.4 / 0.3 / 0.4 / -0.1
Q4 / 142406 / 1364025 / 316628 / 1680653 / 5049 / -0.3 / 0.0 / -0.1 / 0.8 / -0.9
2012 / Q1 / 141359 / 1368039 / 317382 / 1685421 / 5063 / -0.7 / 0.3 / 0.3 / 0.6 / -0.3
Q2 / 139908 / 1366561 / 317373 / 1683933 / 5055 / -1.0 / -0.1 / -0.1 / 0.3 / -0.4
Q3 / 139008 / 1368455 / 317722 / 1686177 / 5058 / -0.6 / 0.1 / 0.1 / 0.4 / -0.3
Q4 / 138736 / 1370320 / 317709 / 1688028 / 5060 / -0.2 / 0.1 / 0.0 / 0.5 / -0.5