The Spanish households placed their savings rate at 13.6% of their available income during the past year, which represents an increase of 1.6 points higher than that registered in 2023 and the highest since 2021. That year, after the pandemic, when the effects of confinement were still shown, the rate stood at 14.3%, as reported on Wednesday the National Institute of Statistics (INE). Spanish families saved 139,917 million euros last year, 23% more than in 2023, while raising their consumption expenditure by 7.1%, up to 889,060 million euros, and increased their investment by 6%, to 71,734 million euros. 2023. More information savings generated by households was sufficient to finance the investment they made in the whole of the year, so they showed a financing capacity of 74,413 million euros, 66.9% higher than that of 2023. In the fourth quarter of 2024, the household savings rate stood at 17.4% of its available income, compared to 17.9% of the same quarter of the same quarter 2023. In the last quarter of last year, households showed a financing capacity of 35,952 million euros, above 23,545 million 2023. Eliminating the seasonal and calendar effects, the household savings rate reached in the fourth quarter of last year 13.4%, rate six tenth lower than the previous quarter. 2024, the Spanish economy showed a financing capacity of 66,620 million euros, a figure equivalent to 4.2% of GDP. This amount is 10,451 million euros higher than in 2023, when the financing capacity of the Spanish economy compared to the rest of the world amounted to 56,169 million euros, 3.7% of GDP.This result is a consequence of the financing capacity registered by households, financial institutions and non -financial societies, compared to public administrations, which presented last year a deficit of 50,187 million euros, under the Deficit of 50,669 million of 2023. For their part, non -financial companies showed a financing capacity of 14,240 million euros in 2024, below 29,704 million 2023, while non -financial institutions presented ‘surplus’ of 28,154 million euros, below 34,537 million euros the previous year. The Rental National Income rises 4.2% in the last quarter of 2024, the Spanish economy registered a financing capacity of 17,647 million euros, 4.2% of GDP, above 16,861 million of the same quarter of 2023. Eliminating the seasonal and calendar effects, the national economy recorded between October and December 2024 than in the previous quarter. The INE estimates that the gross national income of the economy stood in the set of 2024 in 1,583,482 million euros, 6.2% higher than that of 2023. (Tagstotranslate) Economics
