Quarterly Sector Accounts - 3. quarter of 2021

Household consumption increased by 3.4%, q-o-q

07.01.2022
Code: 050057-21
 

According to seasonally adjusted data, the total of monetary and non-monetary income of households compared to the previous quarter decreased in real terms by 0.2%. The real consumption per capita increased by 3.4%, quarter-on-quarter (q-o-q). The saving rate decreased by 5.2 percentage point (p. p.).


Non-financial corporations: both the profit rate and the investment rate decreased

The profit rate in the Q3 2021 was 45.1%, which is by 1.0 percentage point (p. p.) less, quarter-on-quarter, and by 1.2 p. p.1 less, year-on-year. The total labour costs of non-financial corporations increased by 10.1%1, y-o-y, which is to a considerable extent influenced by a low comparison basis (the third quarter of 2020).

The investment rate decreased by 0.7 p. p., q-o-q, and reached 25.7%. It decreased by 2.0 p. p.1, year-on-year.


Households: the saving rate significantly decreased

The total of real monetary and non-monetary income of households per capita decreased in the Q3 2021 by 0.2%, q-o-q, and in the year-on-year comparison it increased by 2.5%1. Household real consumption per capita increased by 3.4%, q-o-q. It increased by 5.4%1 in the year-on-year comparison.

The average monthly income from employment reached CZK 38 6371 in the Q3 2021 and it increased in real terms by 0.7%, q-o-q; in the y-o-y comparison, it increased by 1.8%1.

The saving rate reached 15.9%. In the quarter-on-quarter comparison, the household saving rate was thus by 5.2 p. p. lower; in the y-o-y comparison, it decreased by 2.8 p. p.1. The investment rate in the household sector increased by 0.3 p. p., quarter-on-quarter, and reached 9.8%.


GDP estimate refinement

Concurrently, the gross domestic product (GDP) estimate has been refined. The GDP increased by 1.6% in the q-o-q comparison and by 3.3%, y-o-y, in the Q3 2021. 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

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: 17 December 2021
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: 31 March 2022 (Quarterly Sector Accounts for the fourth quarter of 2021)

Data of quarterly sector accounts are seasonally adjusted unless otherwise stated.

The news releases of Eurostat on quarterly sector accounts are published later. The latest published information for the second quarter of 2021 is available at:
https://ec.europa.eu/eurostat/web/products-euro-indicators/-/2-29102021-CP,
https://ec.europa.eu/eurostat/web/products-euro-indicators/-/2-04102021-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

 

  •      acsu010722.docx

  • Annexes:
  • Table 1 Selected indicators of Quarterly Sector Accounts - (seasonally non-adjusted data)
  • Table 2 Selected indicators of Quarterly Sector Accounts - y-o-y change (seasonally non-adjusted data)
  • Table 3 Selected indicators of Quarterly Sector Accounts (seasonally adjusted data)
  • Table 4 Selected indicators of Quarterly Sector Accounts - q-o-q change (seasonally adjusted data)
  • Chart 1 Average monthly income of households from employment – seasonally adjusted
  • Chart 2 Real income and consumption expenditure of households – seasonally adjusted
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Published: 07.01.2022
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