En Charts and Tables

Table of contents
S1-1 Shares of sectors in key aggregates for the euro area, 2008 - 2018 average
S1-2 Contributions of sectors to the growth of nominal gross value added in the euro area
S1-3 Contribution of sectors to the growth of nominal net disposable income in the euro area
Total economy
S1-4 Contributions of expenditure components to the growth of nominal GDP in the euro area
S1-5 Contributions of expenditures by sector to the growth of nominal GDP in the euro area
S1-6 Contributions of sectors to the growth of nominal gross capital formation in the euro area
S1-7 Contributions of net saving by sector to the growth of net capital formation in the euro area
S1-8 Contributions of sectors to the net lending (+) / net borrowing (-) of the euro area
S1-9 Contributions of sectors to the net lending (+) / net borrowing (-) of the European Union
S1-10 Contributions of sectors to the net financial wealth of the euro area
S1M-1 Per-capita disposable income, acquisition of assets and financial wealth of households in 2018 in the euro area
S1M-2 Contributions of components to the growth of nominal gross disposable income of households in the euro area
S1M-3 Growth of nominal consumption and nominal gross disposable income of households and the saving rate
Households
S1M-4 Growth of gross fixed capital formation and nominal gross disposable income of households and the investment rate
S1M-5 Gross saving, gross fixed capital formation, net capital transfers and other
capital transactions received and net lending / net borrowing of households in the euro area
S1M-6 Net acquisition of financial assets, net incurrence of liabilities and net lending / net borrowing
of households in the euro area
S1M-7 Changes in household financial assets, liabilities and net financial wealth in the euro area
S1M-8 Household financial assets, liabilities and net financial wealth in the euro area
S11-1 Gross profit ratio of non-financial corporations in the euro area and the European Union
S11-2 Net income ratio of non-financial corporations in the euro area and the European Union
Non financial corporations
S11-3 Contributions of components to the growth of net entrepreneurial income of non-financial corporations in the euro area
S11-4 Growth in gross fixed capital formation and gross value added by non-financial corporations
and the investment rate in the euro area and in the EU
S11-5 From entrepreneurial income to the net lending / borrowing of non-financial corporations, in the euro area
S11-6 Net acquisition of financial assets, net incurrence of liabilities and net lending (+) / net borrowing (-)
of non financial corporations in the euro area
S11-7 Changes in financial assets, liabilities (except shares and other equity)
and in the net financial wealth of non-financial corporations, in the euro area
S11-8 Stock of financial assets, liabilities (except shares and other equity)
and net financial wealth of non-financial corporations, in the euro area
S12-1 Contributions of components to the growth of the net entrepreneurial income of financial corporations,
Financial corporations
in the euro area

S12-2 From entrepreneurial income to the net lending / borrowing of financial corporations, in the euro area
S12-3 Net acquisition of financial assets, net incurrence of liabilities and
net lending (+) / net borrowing (-) of financial corporations, in the euro area
S12-4 Changes in financial assets, liabilities (except shares and other equity)
and in the net financial wealth of financial corporations, in the euro area
S12-5 Stock of financial assets, liabilities (except shares and other equity)
and net financial wealth of financial corporations, in the euro area
S13-1 Components of net lending / borrowing of government in the euro area
government
General
S13-2 Components of net lending / borrowing of government in the European Union

S13-3 Stock of financial assets, liabilities and net financial wealth of government, in the euro area
Chart S1-1
Shares of sectors in key aggregates for the euro area, 2008 - 2018 average
(percentage of total)
Government Financial corporations Non-financial corporations Households
200 200
150 150
100 100
50 30 50
0 0
-50 -50
-100 -100
Gross value added (at
Netbasic
national
prices)
income
Gross disposableNet
income
disposable income
Gross saving Net saving
Gross fixed capital formation
Sources: ECB and Eurostat.
Table S1-1
Shares of sectors in key aggregates for the euro area, 2008 - 2018 average
(percentage of total)
Gross value
Net national Gross disposable Net disposable Gross fixed
added (at Gross saving Net saving
income income income capital formation
basic prices)
Households 22.1 80.7 63.6 71.9 36.0 85.4 27.3
Non-financial
corporations 58.3 5.2 11.9 2.1 52.1 32.8 56.1
Financial
corporations 4.9 2.3 2.7 2.7 8.7 36.2 2.5
Government 14.6 11.8 21.9 23.3 3.3 -54.3 14.2
Sources: ECB and Eurostat

Chart S1-2
Contributions of sectors to the growth of nominal gross value added in the euro area
(annual percentage change and percentage point contributions)

GVA at basic prices
9 9
6 6
3 3
0 0
-3 -3
-6 -6
Q1
Q2
Q3
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q4
Q3
Q2
Q4
Q3
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1-2
Contributions of sectors to the growth of nominal gross value added in the euro area
Non-financial Financial GVA at basic

Households Government
corporations corporations prices
2006 Q1 0.9 3.5 0.2 0.5 5.0

Q2 0.9 2.5 0.3 0.9 4.5
Q3 1.1 3.0 0.3 0.6 5.0
Q4 1.3 3.3 0.2 0.3 5.0
2007 Q1 1.0 4.1 0.3 0.5 5.9
Q2 1.0 4.1 0.2 0.4 5.7
Q3 1.0 4.1 0.3 0.4 5.8
Q4 0.9 3.6 0.3 0.7 5.4
2008 Q1 1.0 2.4 0.1 0.6 4.0
Q2 0.8 2.8 -0.1 0.9 4.4
Q3 0.4 1.9 -0.2 0.7 2.8
Q4 -0.2 -0.2 -0.1 0.6 0.0
2009 Q1 -1.1 -2.9 0.1 0.6 -3.2
Q2 -1.2 -4.1 0.2 0.4 -4.8
Q3 -1.1 -2.8 0.3 0.5 -3.1
Q4 -0.7 -1.3 0.3 0.4 -1.3
2010 Q1 0.2 0.5 0.2 0.3 1.2
Q2 0.3 1.9 0.3 0.3 2.7
Q3 0.4 1.9 0.1 0.1 2.6
Q4 0.5 2.1 0.1 0.1 2.7
2011 Q1 0.7 2.9 -0.1 0.2 3.7
Q2 0.7 2.2 -0.2 0.1 2.9
Q3 0.6 1.8 -0.1 0.2 2.4
Q4 0.4 0.9 -0.1 0.1 1.3
2012 Q1 0.2 0.6 0.0 0.1 1.0
Q2 0.0 -0.1 0.1 0.0 0.1
Q3 0.2 -0.1 0.0 0.1 0.2
Q4 0.2 -0.1 0.0 -0.1 0.0
2013 Q1 0.1 -0.3 -0.1 0.2 -0.1
Q2 0.2 0.8 0.0 0.1 1.1
Q3 0.4 1.3 0.1 0.2 1.9
Q4 0.3 1.3 0.0 0.3 2.0
2014 Q1 0.5 1.9 0.2 0.2 2.7
Q2 0.3 1.2 0.1 0.2 1.9
Q3 0.2 1.5 0.2 0.2 2.1
Q4 0.2 1.8 0.2 0.2 2.3
2015 Q1 0.3 2.3 0.1 0.2 2.9
Q2 0.3 2.7 0.1 0.2 3.3
Q3 0.4 2.6 0.0 0.2 3.2
Q4 0.5 2.9 0.0 0.2 3.7
2016 Q1 0.4 2.4 0.0 0.2 3.1
Q2 0.5 2.7 0.0 0.2 3.4
Q3 0.3 1.9 -0.1 0.3 2.4
Q4 0.3 1.7 -0.1 0.3 2.1
2017 Q1 0.6 2.4 -0.1 0.3 3.2
Q2 0.6 2.1 -0.2 0.4 2.8
Q3 0.8 2.9 -0.1 0.4 3.9
Q4 0.7 2.7 0.0 0.4 3.8
2018 Q1 0.6 2.6 0.0 0.4 3.6
Q2 0.6 2.3 0.0 0.4 3.3
Q3 0.6 1.8 0.1 0.4 2.8
Q4 0.5 1.8 0.1 0.4 2.8
(:) Not available
Chart S1-3
Contribution of sectors to the growth of nominal net disposable income in the euro area

Net disposable income
8 8
6 6
4 4
2 2
0 0
-2 -2
-4 -4
-6 -6
-8 -8
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q4
Q3
Q4
Q1
Q2
Q3
Q2
Q3
Q4
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q1
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1-3
Contribution of sectors to the growth of nominal net disposable income in the euro area
Non-financial Financial Net disposable

corporations corporations income
2006 Q1 2.8 0.6 0.0 2.5 5.9

Q2 3.5 -2.0 0.4 2.9 4.7
Q3 2.8 -0.3 0.8 2.1 5.4
Q4 3.0 -0.8 0.5 2.5 5.1
2007 Q1 3.0 1.1 0.4 1.8 6.3
Q2 3.2 -0.1 0.1 2.4 5.5
Q3 2.5 0.5 0.5 2.0 5.5
Q4 2.4 0.0 0.6 1.6 4.6
2008 Q1 2.8 -1.4 -0.8 0.7 1.2
Q2 3.4 -0.9 -0.2 -0.1 2.2
Q3 2.5 -1.7 0.5 -0.1 1.2
Q4 0.7 -1.3 -0.4 -1.7 -2.7
2009 Q1 -0.3 -1.9 0.5 -2.6 -4.4
Q2 -1.1 -0.4 -0.2 -4.0 -5.7
Q3 -0.7 1.5 -0.4 -4.0 -3.6
Q4 0.4 2.3 -0.2 -3.2 -0.7
2010 Q1 0.2 2.1 0.2 -1.1 1.3
Q2 0.8 1.2 0.9 1.1 3.9
Q3 1.0 1.2 -0.3 1.3 3.3
Q4 0.9 0.2 1.2 1.1 3.4
2011 Q1 1.6 -0.4 1.3 2.1 4.6
Q2 1.9 0.0 -0.1 1.2 3.0
Q3 1.0 -1.6 1.5 1.7 2.6
Q4 1.0 -0.3 -0.7 0.6 0.7
2012 Q1 0.9 -0.7 0.0 0.7 0.9
Q2 -0.2 0.0 -0.3 0.5 0.1
Q3 0.2 -1.8 0.8 0.8 0.0
Q4 -0.4 -0.4 -0.3 1.6 0.5
2013 Q1 -0.2 0.4 -0.9 0.2 -0.5
Q2 -0.5 -0.3 0.5 1.2 1.0
Q3 0.7 2.2 -1.2 0.3 2.0
Q4 0.9 1.4 -0.3 0.6 2.6
2014 Q1 1.0 2.6 -1.5 1.1 3.1
Q2 0.8 0.5 -0.6 0.5 1.2
Q3 1.4 1.5 -1.2 0.9 2.5
Q4 1.4 0.1 0.4 0.7 2.6
2015 Q1 1.1 0.9 -0.1 0.5 2.4
Q2 1.7 0.9 0.0 0.7 3.4
Q3 1.2 0.5 -0.1 1.3 2.9
Q4 1.4 0.7 -0.1 1.3 3.4
2016 Q1 1.7 0.8 0.3 1.1 3.9
Q2 1.9 1.2 -0.1 1.3 4.4
Q3 1.1 1.3 0.3 0.3 3.0
Q4 1.4 0.7 -0.2 0.9 2.8
2017 Q1 2.0 -0.6 0.6 1.9 4.0
Q2 1.8 -0.4 -0.4 1.3 2.3
Q3 1.9 0.3 0.0 2.2 4.4
Q4 2.1 0.3 -0.6 1.8 3.6
2018 Q1 2.0 0.4 -0.3 1.7 3.8
Q2 2.6 0.0 -0.2 1.8 4.2
Q3 2.2 0.2 -0.7 0.8 2.4
Q4 2.2 -0.8 0.9 0.6 3.0
(:) Not available

Chart S1-4
Contributions of expenditure components to the growth of nominal GDP in the euro area
Imports (-) Exports Changes in inventories Gross fixed capital formation Consumption
GDP (right axis)
12 12
8 8
4 4
0 0
-4 -4
-8 -8
-12 -12
Q1
Q2
Q4
Q3
Q4
Q2
Q1
Q2
Q4
Q3
Q4
Q2
Q1
Q2
Q4
Q1
Q3
Q4
Q2
Q3
Q1
Q2
Q4
Q1
Q3
Q4
Q2
Q3
Q1
Q2
Q4
Q3
Q1
Q2
Q1
Q3
Q4
Q3
Q1
Q2
Q1
Q3
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
Q3
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1-4
Contributions of expenditure components to the growth of nominal GDP in the euro area
Gross fixed Changes in

Consumption Exports Imports (-) GDP
capital formation inventories
2006 Q1 3.6 2.1 1.0 2.9 -4.0 5.6

Q2 3.6 1.7 0.1 2.1 -2.9 4.7
Q3 3.3 1.7 0.5 1.9 -2.3 5.1
Q4 3.2 2.1 -0.4 2.4 -1.9 5.4
2007 Q1 3.0 2.1 0.2 1.9 -1.2 6.0
Q2 2.8 1.9 0.1 2.1 -1.3 5.6
Q3 3.1 1.7 0.3 2.3 -1.7 5.7
Q4 3.5 1.6 0.5 1.5 -1.9 5.2
2008 Q1 3.4 0.9 -0.3 1.7 -2.2 3.5
Q2 3.5 0.9 0.0 1.8 -2.3 3.8
Q3 3.0 0.5 0.2 1.4 -2.5 2.5
Q4 1.3 -1.2 -0.4 -0.5 0.5 -0.4
2009 Q1 -0.2 -2.5 -1.2 -3.7 3.8 -3.8
Q2 -0.6 -3.3 -1.7 -4.2 4.7 -5.0
Q3 -0.3 -2.9 -1.5 -3.6 4.8 -3.4
Q4 0.4 -1.9 -0.8 -1.6 2.4 -1.6
2010 Q1 1.4 -1.0 0.6 1.9 -1.6 1.5
Q2 1.5 0.4 1.5 3.7 -4.0 3.1
Q3 1.8 0.5 1.1 3.9 -4.1 3.2
Q4 1.9 0.6 0.9 3.5 -3.9 2.9
2011 Q1 1.9 1.2 1.5 3.7 -4.2 4.0
Q2 1.8 0.7 0.5 2.3 -2.4 3.0
Q3 1.6 0.6 0.4 2.0 -2.1 2.4
Q4 0.8 0.3 -0.4 2.0 -1.3 1.3
2012 Q1 1.1 -0.1 -1.0 2.2 -1.1 1.0
Q2 0.3 -0.5 -1.2 2.2 -0.8 0.1
Q3 0.3 -0.6 -1.0 2.1 -0.5 0.2
Q4 0.1 -0.7 -0.5 1.6 -0.5 0.1
2013 Q1 -0.1 -1.2 -0.4 0.6 0.8 -0.2
Q2 0.3 -0.6 0.2 0.9 0.4 1.2
Q3 0.7 -0.1 0.5 0.6 0.1 1.9
Q4 0.8 0.2 0.2 0.6 0.1 1.9
2014 Q1 1.0 0.8 0.7 0.8 -0.4 2.8
Q2 1.1 0.3 0.4 0.8 -0.6 1.9
Q3 1.2 0.4 0.0 1.4 -0.8 2.1
Q4 1.3 0.4 0.2 1.7 -1.0 2.5
2015 Q1 1.4 0.2 0.0 2.7 -1.5 2.8
Q2 1.7 2.0 -0.2 2.9 -3.0 3.4
Q3 1.9 0.8 0.0 1.9 -1.3 3.3
Q4 1.7 1.5 0.4 1.9 -1.8 3.7
2016 Q1 1.9 1.4 0.1 -0.1 -0.2 3.2
Q2 1.8 0.4 0.0 0.1 1.1 3.5
Q3 1.4 1.1 0.0 0.0 -0.1 2.5
Q4 2.0 0.8 0.0 0.4 -0.9 2.3
2017 Q1 2.4 1.1 0.2 2.2 -2.4 3.4
Q2 2.2 0.8 0.2 1.4 -1.7 2.9
Q3 2.5 0.8 0.0 1.6 -1.1 3.9
Q4 2.1 0.8 -0.2 1.9 -0.8 3.8
2018 Q1 2.2 1.0 0.0 0.7 -0.3 3.5
Q2 2.3 1.0 0.0 0.9 -0.9 3.4
Q3 2.1 1.1 0.6 1.2 -2.1 2.9
Q4 2.2 1.4 0.2 1.3 -2.0 3.0
(:) Not available

Chart S1-5
Contributions of expenditures by sector to the growth of nominal GDP in the euro area
Net exports Government Financial corporations Non-financial corporations Households

GDP
8 8
6 6
4 4
2 2
0 0
-2 -2
-4 -4
-6 -6
-8 -8
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q2
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1-5
Contributions of expenditures by sector to the growth of nominal GDP in the euro area
Non-financial Financial
Households Government Net exports GDP
corporations corporations
2006 Q1 3.7 2.3 -0.1 0.9 -1.1 5.6

Q2 3.2 0.8 0.2 1.2 -0.7 4.7
Q3 3.0 1.4 0.1 1.0 -0.4 5.1
Q4 3.0 0.8 0.0 1.1 0.5 5.4
2007 Q1 2.9 1.3 0.1 1.0 0.7 6.0
Q2 2.7 1.5 -0.3 0.8 0.8 5.6
Q3 2.8 1.3 0.0 1.0 0.6 5.7
Q4 2.7 1.8 -0.1 1.2 -0.4 5.2
2008 Q1 2.7 0.3 0.1 1.1 -0.6 3.5
Q2 2.2 0.4 0.2 1.5 -0.5 3.8
Q3 1.8 0.5 0.1 1.2 -1.1 2.5
Q4 -0.2 -1.5 0.2 1.1 0.0 -0.4
2009 Q1 -2.3 -2.8 0.0 1.2 0.1 -3.8
Q2 -2.4 -4.0 0.0 0.9 0.5 -5.0
Q3 -2.5 -3.4 -0.1 1.2 1.3 -3.4
Q4 -1.0 -2.1 -0.1 0.9 0.8 -1.6
2010 Q1 0.5 0.2 -0.1 0.4 0.4 1.5
Q2 1.0 2.1 -0.1 0.2 -0.3 3.1
Q3 1.9 1.5 0.0 0.0 -0.2 3.2
Q4 1.7 1.5 0.1 0.1 -0.4 2.9
2011 Q1 2.1 2.4 0.1 0.0 -0.5 4.0
Q2 1.7 1.3 0.1 0.0 0.0 3.0
Q3 1.5 1.1 0.1 -0.1 -0.1 2.4
Q4 0.6 0.2 0.0 -0.1 0.7 1.3
2012 Q1 0.5 -0.7 0.1 0.1 1.0 1.0
Q2 -0.1 -1.0 0.0 -0.2 1.4 0.1
Q3 -0.2 -1.1 -0.1 0.0 1.6 0.2
Q4 0.1 -0.7 -0.1 -0.3 1.1 0.1
2013 Q1 -0.7 -0.9 0.0 0.1 1.4 -0.2
Q2 -0.2 0.1 -0.1 0.2 1.3 1.2
Q3 0.3 0.6 -0.1 0.3 0.7 1.9
Q4 0.0 0.7 0.1 0.6 0.7 1.9
2014 Q1 0.8 1.3 -0.1 0.4 0.3 2.8
Q2 0.7 0.7 0.2 0.2 0.1 1.9
Q3 0.8 0.5 0.1 0.2 0.6 2.1
Q4 1.0 0.6 0.0 0.2 0.7 2.5
2015 Q1 1.0 0.2 0.1 0.4 1.2 2.8
Q2 1.3 1.8 0.0 0.4 -0.1 3.4
Q3 1.6 0.5 0.1 0.5 0.7 3.3
Q4 1.5 1.3 0.1 0.6 0.2 3.7
2016 Q1 1.7 1.3 0.0 0.5 -0.3 3.2
Q2 1.7 0.0 0.1 0.5 1.2 3.5
Q3 1.3 1.0 -0.1 0.4 -0.1 2.5
Q4 1.7 0.7 0.0 0.4 -0.5 2.3
2017 Q1 2.3 0.7 0.1 0.6 -0.2 3.4
Q2 2.0 0.6 0.0 0.6 -0.3 2.9
Q3 2.2 0.2 0.1 0.8 0.5 3.9
Q4 1.8 0.1 0.0 0.8 1.1 3.8
2018 Q1 2.0 0.6 0.0 0.6 0.3 3.5
Q2 2.2 0.4 0.0 0.8 0.0 3.4
Q3 2.0 1.3 -0.1 0.6 -0.9 2.9
Q4 2.0 1.0 0.0 0.8 -0.7 3.0
(:) Not available

Chart S1-6
Contributions of sectors to the growth of nominal gross capital formation in the euro area

Gross capital formation
15 15
10 10
5 5
0 0
-5 -5
-10 -10
-15 -15
-20 -20
-25 -25
Q2
Q3
Q4
Q1
Q1
Q1
Q2
Q1
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1-6
Contributions of sectors to the growth of nominal gross capital formation in the euro area
Non-financial Financial Gross capital

corporations corporations formation
2006 Q1 3.7 10.2 -0.6 0.8 14.1

Q2 2.6 3.6 1.1 0.7 8.0
Q3 2.7 6.1 0.4 0.4 9.7
Q4 2.9 3.3 0.1 1.2 7.4
2007 Q1 2.4 5.6 0.6 1.1 9.6
Q2 2.2 6.4 -1.1 0.8 8.3
Q3 1.8 5.5 0.0 1.1 8.4
Q4 0.9 7.7 -0.6 1.1 9.0
2008 Q1 0.4 1.0 0.5 0.8 2.7
Q2 0.1 1.8 0.7 1.1 3.6
Q3 -0.7 2.2 0.4 0.7 2.6
Q4 -2.2 -6.2 1.0 0.7 -6.8
2009 Q1 -4.4 -11.5 0.1 0.7 -15.1
Q2 -4.3 -16.7 0.0 0.8 -20.2
Q3 -4.4 -13.9 -0.3 0.6 -18.0
Q4 -3.1 -9.4 -0.3 0.8 -12.1
2010 Q1 -1.6 0.8 -0.3 -0.3 -1.5
Q2 -0.1 10.5 -0.3 -0.9 9.2
Q3 1.1 7.1 0.1 -0.6 7.7
Q4 0.1 7.5 0.3 -0.8 7.0
2011 Q1 1.8 11.3 0.4 -0.9 12.6
Q2 -0.1 5.9 0.4 -0.7 5.6
Q3 -0.1 5.1 0.4 -1.1 4.4
Q4 -0.1 0.7 0.1 -1.2 -0.5
2012 Q1 -1.5 -2.9 0.3 -0.5 -4.7
Q2 -1.7 -4.5 -0.2 -1.1 -7.5
Q3 -1.4 -5.0 -0.2 -0.7 -7.3
Q4 -0.9 -3.5 -0.4 -0.8 -5.7
2013 Q1 -1.8 -4.4 0.0 -1.0 -7.2
Q2 -1.4 0.5 -0.5 -0.4 -1.8
Q3 -0.4 2.8 -0.3 0.0 2.1
Q4 -1.9 3.3 0.3 0.4 2.1
2014 Q1 1.1 6.5 -0.3 0.2 7.5
Q2 0.0 3.4 0.8 -0.5 3.7
Q3 -0.3 2.6 0.3 -0.8 1.8
Q4 0.5 2.8 -0.1 -0.6 2.6
2015 Q1 -0.3 1.1 0.3 0.0 1.1
Q2 0.1 8.8 -0.2 0.1 8.8
Q3 0.3 2.5 0.6 0.6 3.9
Q4 1.2 6.8 0.5 1.1 9.6
2016 Q1 1.4 6.3 0.0 -0.2 7.5
Q2 1.9 0.1 0.3 0.0 2.3
Q3 1.5 4.7 -0.2 -0.3 5.7
Q4 1.2 3.2 0.2 -0.8 3.8
2017 Q1 2.0 3.1 0.2 0.3 5.7
Q2 1.6 2.6 0.1 0.5 4.8
Q3 1.7 1.0 0.4 1.0 4.1
Q4 1.6 0.7 0.2 0.6 2.9
2018 Q1 1.2 2.8 -0.1 0.5 4.5
Q2 2.1 2.0 0.1 0.9 5.1
Q3 2.2 6.0 -0.3 0.4 8.4
Q4 2.1 4.7 0.0 0.7 7.6
(:) Not available

Chart S1-7
Contributions of net saving by sector to the growth of net capital formation in the euro area
Current external balance Government Financial corporations

Non-financial corporations Households Net capital formation
180 90
120 60
60 30
0 0
-60 -30
-120 -60
-180 -90
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q1
Q2
Q3
Q4
Q1
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1-7
Contributions of net saving by sector to the growth of net capital formation in the euro area
Non-financial Financial Current external Net capital

corporations corporations balance formation
2006 Q1 -8.9 8.1 0.5 23.9 18.1 41.6

Q2 4.5 -25.0 3.8 20.0 10.9 14.1
Q3 -1.6 -4.9 11.0 13.2 2.6 20.4
Q4 1.0 -9.3 7.0 16.8 -3.9 11.7
2007 Q1 2.6 14.8 3.1 9.7 -11.8 18.4
Q2 5.3 0.9 -1.2 17.1 -8.1 14.0
Q3 -3.9 8.0 4.0 12.4 -5.2 15.2
Q4 -5.2 1.5 3.4 4.6 11.9 16.2
2008 Q1 -2.2 -14.4 -9.9 -3.5 26.6 -3.4
Q2 9.1 -9.3 -3.9 -15.9 19.6 -0.5
Q3 3.2 -18.2 3.6 -13.9 21.9 -3.4
Q4 4.2 -12.5 -5.7 -27.9 13.9 -27.9
2009 Q1 13.4 -21.0 4.6 -42.1 -10.6 -55.6
Q2 6.2 -4.6 -1.9 -52.0 -14.9 -67.2
Q3 11.6 15.8 -3.8 -58.7 -27.6 -62.7
Q4 8.7 30.3 -0.7 -54.6 -32.4 -48.6
2010 Q1 -23.5 48.9 4.6 -39.4 -10.0 -19.4
Q2 -20.3 35.9 28.1 17.5 -7.7 53.6
Q3 -30.2 36.3 -6.4 30.0 9.1 38.8
Q4 -30.6 6.1 30.0 21.3 1.8 28.6
2011 Q1 -15.5 -11.8 38.2 55.8 8.0 74.7
Q2 -3.6 -0.7 -2.1 21.1 1.8 16.6
Q3 -16.9 -33.8 31.9 32.2 -2.4 10.9
Q4 7.7 -5.5 -14.6 8.7 -11.4 -15.2
2012 Q1 -1.1 -12.7 -1.9 7.3 -25.3 -33.8
Q2 -6.3 0.5 -7.9 7.4 -40.4 -46.7
Q3 2.6 -35.3 14.7 12.0 -43.2 -49.2
Q4 -17.6 -10.7 -6.8 42.8 -53.6 -46.0
2013 Q1 5.4 11.1 -23.7 -2.7 -49.9 -59.7
Q2 -20.0 -9.8 19.6 29.7 -43.5 -24.1
Q3 6.7 84.5 -46.9 -2.2 -31.8 10.3
Q4 21.0 64.8 -12.8 0.2 -61.7 11.6
2014 Q1 18.9 169.7 -106.4 44.4 -25.0 101.6
Q2 -2.9 22.9 -30.1 6.1 29.2 25.2
Q3 15.1 52.1 -43.9 15.5 -36.0 2.8
Q4 14.9 5.9 12.9 11.3 -35.3 9.7
2015 Q1 -8.5 29.5 -2.0 2.2 -36.5 -15.4
Q2 0.6 32.2 2.2 7.7 10.6 53.3
Q3 -23.1 18.6 -3.0 29.4 -12.6 9.2
Q4 -2.6 27.1 -2.7 33.0 6.7 61.5
2016 Q1 -1.1 33.2 9.8 18.2 -3.7 56.4
Q2 8.9 29.9 -1.9 15.2 -50.3 1.8
Q3 -2.3 43.3 8.8 -8.4 -12.2 29.3
Q4 -11.1 18.1 -5.9 7.8 0.2 9.1
2017 Q1 -6.6 -16.1 17.4 32.2 -6.4 20.6
Q2 -7.0 -12.3 -8.3 16.7 23.2 12.4
Q3 -9.1 6.0 1.5 38.6 -28.9 8.0
Q4 7.4 6.7 -13.2 22.5 -23.4 0.0
2018 Q1 -0.8 8.4 -6.9 22.9 -12.7 11.0
Q2 12.3 -1.0 -6.0 24.7 -15.5 14.5
Q3 9.0 4.0 -18.5 3.0 39.5 37.0
Q4 10.4 -18.5 23.0 -4.7 20.2 30.4
(:) Not available

Chart S1-8
Contributions of sectors to the net lending (+) / net borrowing (-) of the euro area
(as a percentage of gross domestic product, based on four-quarter-cumulated sums)

Total euro area
8 8
6 6
4 4
2 2
0 0
-2 -2
-4 -4
-6 -6
-8 -8
Q1
Q4
Q4
Q4
Q4
Q4
Q3
Q4
Q3
Q3
Q3
Q2
Q3
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q1
Q2
Q3
Q1
Q2
Q3
Q1
Q2
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1-8
Contributions of sectors to the net lending (+) / net borrowing (-) of the euro area
Households Government Total euro area
2006 Q1 1.4 -0.9 1.4 -2.2 -0.3

Q2 1.3 -1.4 1.4 -1.8 -0.5
Q3 1.2 -1.6 1.6 -1.7 -0.5
Q4 1.1 -1.7 1.6 -1.5 -0.5
2007 Q1 1.1 -1.6 1.7 -1.4 -0.2
Q2 1.1 -1.8 1.7 -1.0 -0.1
Q3 1.0 -1.9 1.7 -0.8 0.0
Q4 0.8 -2.3 1.9 -0.7 -0.2
2008 Q1 0.8 -2.4 1.7 -0.8 -0.7
Q2 1.0 -2.5 1.6 -1.2 -1.2
Q3 1.1 -2.9 1.7 -1.5 -1.6
Q4 1.4 -2.6 1.5 -2.2 -1.9
2009 Q1 1.9 -2.2 1.6 -3.0 -1.8
Q2 2.4 -1.2 1.5 -4.2 -1.5
Q3 3.0 0.0 1.4 -5.3 -1.0
Q4 3.3 1.1 1.4 -6.3 -0.4
2010 Q1 3.2 1.5 1.6 -6.6 -0.3
Q2 3.0 1.2 1.8 -6.3 -0.3
Q3 2.8 1.1 2.2 -6.4 -0.4
Q4 2.6 0.8 2.5 -6.2 -0.4
2011 Q1 2.3 0.2 2.6 -5.6 -0.4
Q2 2.3 0.0 2.5 -5.3 -0.5
Q3 2.2 -0.5 2.5 -4.6 -0.4
Q4 2.3 -0.5 2.3 -4.3 -0.3
2012 Q1 2.4 -0.5 2.2 -4.1 -0.1
Q2 2.4 -0.2 2.2 -4.0 0.4
Q3 2.6 -0.2 2.4 -3.9 0.9
Q4 2.5 -0.1 2.6 -3.7 1.3
2013 Q1 2.6 0.4 2.5 -3.7 1.8
Q2 2.5 0.4 2.7 -3.5 2.0
Q3 2.6 0.7 2.4 -3.4 2.2
Q4 2.7 0.8 2.0 -3.1 2.4
2014 Q1 2.7 1.0 1.6 -2.8 2.5
Q2 2.7 1.0 1.4 -2.7 2.3
Q3 2.8 1.2 1.1 -2.5 2.5
Q4 2.8 1.1 1.2 -2.5 2.6
2015 Q1 2.8 1.4 1.1 -2.4 2.8
Q2 2.8 1.2 1.1 -2.4 2.8
Q3 2.7 1.3 1.0 -2.2 2.8
Q4 2.6 1.2 1.1 -2.1 2.8
2016 Q1 2.5 1.1 1.1 -1.9 2.8
Q2 2.5 1.4 1.1 -1.8 3.2
Q3 2.4 1.5 1.1 -1.8 3.2
Q4 2.2 1.5 0.9 -1.6 3.1
2017 Q1 2.1 1.2 1.1 -1.3 3.0
Q2 2.0 1.0 1.1 -1.3 2.7
Q3 1.8 1.1 1.1 -1.1 2.9
Q4 1.9 1.2 0.9 -1.0 3.0
2018 Q1 1.8 1.4 0.9 -0.8 3.3
Q2 1.8 1.4 0.8 -0.5 3.5
Q3 1.8 1.2 0.6 -0.4 3.2
Q4 1.8 0.8 0.8 -0.5 2.9
(:) Not available

Chart S1-9
Contributions of sectors to the net lending (+) / net borrowing (-) of the European Union

Total European Union
8 8
6 6
4 4
2 2
0 0
-2 -2
-4 -4
-6 -6
-8 -8
Q1
Q2
Q4
Q3
Q1
Q2
Q4
Q1
Q3
Q4
Q2
Q3
Q1
Q3
Q4
Q2
Q3
Q1
Q2
Q4
Q3
Q2
Q4
Q1
Q4
Q2
Q3
Q1
Q3
Q4
Q3
Q1
Q2
Q4
Q3
Q2
Q1
Q4
Q2
Q1
Q4
Q3
Q1
Q2
Q4
Q1
Q3
Q2
Q3
Q1
Q4
Q2
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1-9
Contributions of sectors to the net lending (+) / net borrowing (-) of the European Union
Non-financial Financial Total European

corporations corporations Union
2006 Q1 1.1 -0.8 0.9 -2.2 -1.1

Q2 1.0 -1.3 0.9 -1.9 -1.3
Q3 0.9 -1.5 1.0 -1.8 -1.4
Q4 0.8 -1.5 1.0 -1.7 -1.5
2007 Q1 0.7 -1.6 0.9 -1.4 -1.5
Q2 0.7 -1.8 0.9 -1.1 -1.4
Q3 0.6 -2.0 1.0 -1.0 -1.4
Q4 0.5 -2.3 1.1 -0.8 -1.6
2008 Q1 0.4 -2.3 1.0 -1.0 -1.8
Q2 0.6 -2.4 1.1 -1.4 -2.1
Q3 0.7 -2.5 1.3 -1.8 -2.3
Q4 1.0 -2.1 1.3 -2.4 -2.3
2009 Q1 1.6 -1.6 1.3 -3.4 -2.1
Q2 2.2 -0.8 1.4 -4.5 -1.7
Q3 2.9 0.4 1.3 -5.7 -1.1
Q4 3.2 1.4 1.3 -6.7 -0.7
2010 Q1 3.3 1.6 1.4 -6.9 -0.5
Q2 3.2 1.5 1.5 -6.6 -0.5
Q3 2.9 1.4 1.8 -6.6 -0.5
Q4 2.7 1.4 1.7 -6.4 -0.5
2011 Q1 2.4 1.1 1.7 -5.8 -0.6
Q2 2.3 0.9 1.7 -5.5 -0.5
Q3 2.1 0.7 1.5 -4.9 -0.5
Q4 2.1 0.5 1.6 -4.6 -0.3
2012 Q1 2.2 0.4 1.6 -4.4 -0.2
Q2 2.3 0.4 1.7 -4.4 0.0
Q3 2.5 0.6 1.6 -4.4 0.3
Q4 2.3 0.6 1.7 -4.3 0.4
2013 Q1 2.4 0.9 1.6 -4.2 0.6
Q2 2.3 0.9 1.4 -3.8 0.8
Q3 2.3 0.8 1.4 -3.7 0.8
Q4 2.4 0.7 1.1 -3.3 0.9
2014 Q1 2.4 0.5 1.1 -3.2 0.8
Q2 2.3 0.3 1.0 -3.1 0.6
Q3 2.3 0.3 0.9 -3.0 0.5
Q4 2.3 0.3 0.9 -2.8 0.6
2015 Q1 2.3 0.5 0.7 -2.7 0.8
Q2 2.4 0.4 0.6 -2.6 0.7
Q3 2.3 0.3 0.6 -2.4 0.8
Q4 2.2 0.2 0.5 -2.2 0.7
2016 Q1 2.1 0.1 0.6 -2.1 0.7
Q2 2.0 0.3 0.6 -1.9 0.9
Q3 1.9 0.3 0.6 -1.8 1.1
Q4 1.8 0.4 0.5 -1.6 1.1
2017 Q1 1.5 0.2 0.7 -1.3 1.0
Q2 1.2 0.1 0.8 -1.2 0.9
Q3 1.0 0.3 0.7 -1.0 1.0
Q4 0.9 0.4 0.7 -0.9 1.1
2018 Q1 0.9 0.5 0.7 -0.8 1.3
Q2 1.0 0.3 0.6 -0.6 1.3
Q3 1.0 0.1 0.5 -0.5 1.2
Q4 1.0 -0.2 0.6 -0.5 1.0
(:) Not available

Chart S1-10
Contributions of sectors to the net financial wealth of the euro area

Total euro area (right scale)
180 30
120 20
60 10
0 0
-60 -10
-120 -20
-180 -30
Q1
Q3
Q2
Q3
Q4
Q3
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1-10
Contributions of sectors to the net financial wealth of the euro area
Households Government Total euro area
2006 Q1 135.5 -102.9 -2.0 -48.3 -17.7

Q2 133.1 -102.2 -1.1 -47.3 -17.6
Q3 134.4 -101.9 -2.9 -47.7 -18.1
Q4 136.3 -105.9 -2.2 -46.1 -17.8
2007 Q1 136.4 -106.7 -2.5 -45.3 -18.1
Q2 136.0 -110.7 -2.5 -42.7 -19.9
Q3 131.1 -108.6 1.3 -42.8 -19.0
Q4 130.2 -110.8 2.3 -41.9 -20.1
2008 Q1 124.0 -102.6 4.5 -43.6 -17.8
Q2 121.0 -100.6 5.7 -41.9 -15.8
Q3 118.6 -97.2 5.3 -43.4 -16.6
Q4 115.1 -96.3 8.4 -46.5 -19.3
2009 Q1 112.6 -93.2 10.1 -49.0 -19.5
Q2 116.9 -95.6 9.1 -50.3 -19.9
Q3 122.0 -97.7 7.6 -52.5 -20.6
Q4 123.7 -98.1 8.2 -53.9 -20.0
2010 Q1 125.3 -97.3 8.9 -55.7 -18.9
Q2 123.3 -94.1 10.3 -56.4 -16.9
Q3 125.0 -96.1 11.5 -58.0 -17.7
Q4 124.6 -98.4 13.9 -56.6 -16.5
2011 Q1 124.1 -98.8 14.0 -56.3 -16.9
Q2 124.1 -99.3 14.8 -56.6 -17.0
Q3 120.9 -93.0 15.8 -59.0 -15.2
Q4 122.1 -94.0 13.2 -58.6 -17.3
2012 Q1 125.8 -95.2 11.9 -60.8 -18.3
Q2 125.7 -93.6 12.9 -61.4 -16.3
Q3 127.3 -95.1 15.2 -63.7 -16.2
Q4 130.1 -97.2 16.3 -65.8 -16.7
2013 Q1 131.6 -99.1 17.2 -66.5 -16.7
Q2 131.9 -99.9 16.0 -66.6 -18.6
Q3 133.5 -100.9 16.5 -66.5 -17.4
Q4 136.1 -100.7 14.4 -66.6 -16.9
2014 Q1 138.0 -102.2 15.1 -68.6 -17.9
Q2 140.2 -103.4 16.5 -70.1 -16.8
Q3 140.8 -101.2 17.1 -71.5 -14.8
Q4 141.8 -101.3 18.3 -72.2 -13.3
2015 Q1 149.4 -107.5 17.3 -74.4 -15.3
Q2 145.4 -106.0 17.9 -70.4 -13.1
Q3 142.5 -102.4 18.5 -71.7 -13.1
Q4 144.7 -102.4 17.1 -71.1 -11.7
2016 Q1 143.7 -98.9 18.0 -73.4 -10.6
Q2 143.9 -98.7 19.8 -73.7 -8.7
Q3 145.5 -100.6 19.9 -73.6 -8.8
Q4 147.0 -99.9 16.1 -70.7 -7.6
2017 Q1 147.8 -101.0 14.4 -69.0 -7.8
Q2 147.9 -102.0 14.3 -68.7 -8.5
Q3 147.7 -102.0 13.2 -67.9 -9.0
Q4 147.9 -101.3 12.7 -67.3 -8.1
2018 Q1 145.6 -99.0 12.8 -67.2 -7.9
Q2 145.8 -99.7 13.4 -65.5 -6.0
Q3 144.6 -98.0 12.7 -64.2 -4.8
Q4 140.8 -94.1 13.8 -64.8 -4.3
(:) Not available

Chart S1M-1
Per-capita disposable income, acquisition of assets and financial wealth
of households in 2018 in the euro area
(based on four-quarter-cumulated sums) (outstanding amounts)
20,000 60,000
18,000
50,000
16,000
40,000
14,000
12,000 30,000
10,000
20,000
8,000
6,000 10,000
4,000
0
2,000
-10,000
0
-2,000 -20,000
disposable income acquisition of financial wealth

assets/ incurrence of debt (-)
Table S1M-1
Per-capita disposable income, acquisition of assets and financial wealth
of households in 2018 in the euro area
(based on four-quarter-cumulated sums) (outstanding amounts)
consumption 18,398 currency and deposits 24,103

assets acquisition 3,343 shares 18,631
saving 2,523 insurance technical reserves 23,541
incurrence of debt (-) -685 other 3,311
debt (-) -22,019
net financial wealth 47,567

Chart S1M-2
Contributions of components to the growth of nominal gross disposable of households
in the euro area
Taxes (-) Net social benefits

Net property income and other transfers Gross operating surplus and mixed income
Compensation of employees Gross disposable income
8 8
6 6
4 4
2 2
0 0
-2 -2
-4 -4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q3
Q4
Q1
Q2
Q4
Q1
Q1
Q1
Q3
Q4
Q4
Q2
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1M-2
Contributions of components to the growth of nominal gross disposable of households
in the euro area
Gross operating Net property

Compensation of Net social Gross disposable
surplus and income and other Taxes (-)
employees benefits income
mixed income transfers
2006 Q1 2.8 1.2 1.1 -0.1 -0.9 4.0

Q2 3.2 1.2 1.6 -0.3 -1.0 4.7
Q3 3.2 1.5 0.5 -0.3 -0.8 4.1
Q4 3.3 1.6 0.6 0.0 -1.2 4.3
2007 Q1 3.6 1.1 0.6 -0.3 -0.6 4.4
Q2 3.3 1.2 1.3 -0.3 -1.0 4.3
Q3 3.3 1.2 0.5 0.0 -1.4 3.7
Q4 3.7 1.0 0.5 -0.2 -1.4 3.6
2008 Q1 3.9 1.2 0.4 -0.2 -1.1 4.1
Q2 3.6 1.0 1.1 -0.2 -0.8 4.7
Q3 3.4 0.5 0.3 0.1 -0.7 3.7
Q4 2.3 -0.4 -0.2 -0.1 -0.5 1.2
2009 Q1 0.3 -1.6 -0.1 1.1 0.1 -0.2
Q2 -0.3 -1.7 -1.6 1.7 0.6 -1.3
Q3 -0.6 -1.6 -1.1 1.7 0.8 -0.8
Q4 -0.2 -1.0 -0.9 1.9 0.8 0.5
2010 Q1 0.6 0.1 -1.6 1.1 0.1 0.3
Q2 1.3 0.3 -0.5 0.2 -0.3 1.0
Q3 1.2 0.5 0.1 -0.1 -0.2 1.4
Q4 1.4 0.6 -0.3 -0.2 -0.2 1.4
2011 Q1 1.8 1.0 0.4 -0.4 -0.6 2.2
Q2 1.8 0.9 0.4 -0.2 -0.5 2.5
Q3 1.7 0.8 0.4 -0.5 -0.8 1.5
Q4 1.4 0.5 0.4 -0.4 -0.4 1.5
2012 Q1 1.1 0.0 0.7 0.1 -0.6 1.3
Q2 0.8 -0.2 0.1 0.0 -0.8 -0.1
Q3 0.8 0.0 0.3 0.3 -0.9 0.4
Q4 0.4 -0.2 -0.1 0.2 -0.9 -0.4
2013 Q1 0.5 0.1 -0.2 0.2 -0.7 -0.2
Q2 0.4 0.2 -0.8 0.3 -0.7 -0.5
Q3 0.8 0.5 0.1 0.2 -0.6 1.0
Q4 1.2 0.3 0.1 0.1 -0.4 1.2
2014 Q1 1.4 0.5 0.0 -0.2 -0.4 1.3
Q2 1.5 0.3 -0.3 -0.2 -0.4 1.0
Q3 1.7 0.2 0.3 0.0 -0.3 1.9
Q4 1.9 0.1 0.6 -0.2 -0.4 2.0
2015 Q1 1.8 0.2 -0.1 0.3 -0.7 1.5
Q2 2.0 0.2 0.3 0.3 -0.6 2.2
Q3 2.1 0.4 -0.3 -0.1 -0.4 1.7
Q4 2.3 0.4 -0.1 -0.1 -0.4 2.0
2016 Q1 2.3 0.5 0.0 -0.2 -0.2 2.4
Q2 2.1 0.6 0.2 -0.3 0.0 2.6
Q3 2.1 0.4 -0.4 -0.2 -0.3 1.7
Q4 2.3 0.4 -0.1 0.0 -0.5 2.1
2017 Q1 2.5 0.6 0.6 -0.1 -0.8 2.9
Q2 2.6 0.6 0.4 -0.5 -0.6 2.5
Q3 2.8 0.9 0.5 -0.4 -0.9 2.9
Q4 3.1 0.7 0.4 -0.3 -0.8 3.0
2018 Q1 3.0 0.6 0.5 -0.1 -1.0 3.0
Q2 3.1 0.6 0.8 -0.4 -0.6 3.6
Q3 3.4 0.6 0.2 0.0 -1.0 3.2
Q4 3.2 0.5 0.2 0.2 -0.8 3.3
(:) Not available

Chart S1M-3
Growth of nominal consumption and nominal gross disposable income
of households1) and the saving rate2)
1)
annual percentage change - 2) percentage of gross disposable income (adjusted for D8 net)
gross disposable income: euro area (left scale) final consumption: euro area (left scale) saving rate: euro area (right scale)
saving rate: EU (right scale)
gross disposable income: euro area (left-hand scale)

final consumption: euro area (left-hand scale)
8 15
saving rate: euro area (right-hand scale)
saving rate: EU (right-hand scale)
6 14
8 15
4 13
3 14
2 12
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
-2 13
Q1
Q4
0 11
2006 2007 2008 2009
-2 -7 12 10
-4 -12 11 9
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q4
Q4
Q1
Q4
Q3
Q4
Q2
2006
-17 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
10

Table S1M-3
Growth of nominal consumption and nominal gross disposable income
of households1) and the saving rate2)
1)
annual percentage change - 2) percentage of gross disposable income, including net adjustment for the change
in pension entitlements of households (D8 net), based on four-quarter-cumulated sums
Gross disposable Final
Saving rate:
income: consumption: Saving rate: EU
euro area
euro area euro area
2006 Q1 4.0 5.0 12.6 11.2

Q2 4.7 4.7 12.7 11.1
Q3 4.1 4.2 12.6 11.0
Q4 4.3 4.2 12.6 11.0
2007 Q1 4.4 4.0 12.7 10.9
Q2 4.3 3.9 12.8 11.0
Q3 3.7 4.1 12.7 10.9
Q4 3.6 4.6 12.5 10.8
2008 Q1 4.1 4.6 12.4 10.6
Q2 4.7 4.0 12.6 10.8
Q3 3.7 3.5 12.7 10.8
Q4 1.2 0.7 12.9 11.1
2009 Q1 -0.2 -2.1 13.3 11.6
Q2 -1.3 -2.4 13.6 12.1
Q3 -0.8 -2.4 13.9 12.6
Q4 0.5 -0.6 14.1 12.9
2010 Q1 0.3 1.6 13.8 12.9
Q2 1.0 1.9 13.6 12.7
Q3 1.4 2.8 13.3 12.4
Q4 1.4 3.1 12.9 12.1
2011 Q1 2.2 3.0 12.8 11.8
Q2 2.5 3.0 12.7 11.6
Q3 1.5 2.6 12.4 11.4
Q4 1.5 1.0 12.5 11.3
2012 Q1 1.3 1.5 12.5 11.3
Q2 -0.1 0.4 12.4 11.3
Q3 0.4 0.2 12.5 11.3
Q4 -0.4 0.5 12.3 11.1
2013 Q1 -0.2 -0.6 12.4 11.1
Q2 -0.5 0.1 12.2 10.9
Q3 1.0 0.8 12.3 10.9
Q4 1.2 0.6 12.4 11.1
2014 Q1 1.3 1.1 12.5 11.1
Q2 1.0 1.3 12.5 11.1
Q3 1.9 1.5 12.6 11.0
Q4 2.0 1.7 12.6 10.9
2015 Q1 1.5 1.9 12.5 10.9
Q2 2.2 2.4 12.5 10.9
Q3 1.7 2.7 12.3 10.8
Q4 2.0 2.3 12.2 10.8
2016 Q1 2.4 2.5 12.2 10.7
Q2 2.6 2.3 12.3 10.7
Q3 1.7 1.7 12.2 10.8
Q4 2.1 2.7 12.1 10.6
2017 Q1 2.9 3.4 12.0 10.2
Q2 2.5 3.1 11.9 10.0
Q3 2.9 3.4 11.7 9.6
Q4 3.0 2.7 11.8 9.6
2018 Q1 3.0 3.1 11.8 9.7
Q2 3.6 3.2 11.9 9.8
Q3 3.2 2.8 12.0 9.9
Q4 3.3 2.8 12.1 10.0
(:) Not available

Chart S1M-4
Growth of gross fixed capital formation and nominal gross disposable income
of households1) and the investment rate2)
1)
annual percentage change - 2) percentage of gross disposable income (adjusted for D8 net)
gross disposable income: euro area (left scale) gross fixed capital formation: euro area (left scale)
investment rate: euro area (right scale) investment rate: EU (right scale)
12 12
8 11
4 10
0 9
-4 8
-8 7
-12 6
-16 5
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q3
Q4
Q1
Q2
Q2
Q3
Q3
Q4
Q4
Q4
Q1
Q1
Q2
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1M-4
Growth of gross fixed capital formation and nominal gross disposable income
of households1) and the investment rate2)
1)
annual percentage change
2)
percentage of gross disposable income, including net adjustment for the change in pension
entitlements of households (D8 net), based on four-quarter-cumulated sums
Gross disposable Gross fixed
Investment rate: Investment rate:
income: capital formation:
euro area EU
euro area euro area
2006 Q1 4.0 10.9 10.9 9.8

Q2 4.7 7.3 11.0 9.9
Q3 4.1 8.3 11.1 10.0
Q4 4.3 9.9 11.3 10.1
2007 Q1 4.4 8.4 11.4 10.2
Q2 4.3 7.8 11.5 10.2
Q3 3.7 6.0 11.5 10.3
Q4 3.6 2.4 11.5 10.3
2008 Q1 4.1 1.9 11.4 10.3
Q2 4.7 -0.5 11.3 10.1
Q3 3.7 -2.8 11.1 10.0
Q4 1.2 -7.4 10.8 9.8
2009 Q1 -0.2 -14.3 10.5 9.4
Q2 -1.3 -14.3 10.1 9.1
Q3 -0.8 -14.6 9.7 8.7
Q4 0.5 -10.2 9.4 8.4
2010 Q1 0.3 -6.7 9.3 8.3
Q2 1.0 -0.2 9.3 8.2
Q3 1.4 1.6 9.3 8.3
Q4 1.4 1.0 9.3 8.3
2011 Q1 2.2 4.3 9.3 8.3
Q2 2.5 -0.1 9.2 8.3
Q3 1.5 0.1 9.2 8.3
Q4 1.5 -0.4 9.2 8.2
2012 Q1 1.3 -5.3 9.0 8.1
Q2 -0.1 -4.5 8.9 8.0
Q3 0.4 -4.0 8.8 7.9
Q4 -0.4 -1.8 8.8 7.8
2013 Q1 -0.2 -6.7 8.6 7.7
Q2 -0.5 -4.2 8.6 7.7
Q3 1.0 -1.3 8.5 7.7
Q4 1.2 -4.4 8.4 7.6
2014 Q1 1.3 4.0 8.4 7.6
Q2 1.0 -0.5 8.4 7.6
Q3 1.9 -1.3 8.3 7.6
Q4 2.0 -1.3 8.3 7.6
2015 Q1 1.5 -1.9 8.2 7.5
Q2 2.2 0.3 8.2 7.5
Q3 1.7 0.1 8.1 7.5
Q4 2.0 3.3 8.2 7.5
2016 Q1 2.4 4.4 8.2 7.5
Q2 2.6 8.1 8.3 7.6
Q3 1.7 6.1 8.4 7.7
Q4 2.1 4.7 8.4 7.8
2017 Q1 2.9 8.9 8.6 7.9
Q2 2.5 5.3 8.6 8.0
Q3 2.9 5.8 8.7 8.1
Q4 3.0 6.4 8.8 8.2
2018 Q1 3.0 5.4 8.8 8.2
Q2 3.6 6.8 8.9 8.3
Q3 3.2 6.7 8.9 8.3
Q4 3.3 6.6 9.0 8.3
(:) Not available

Chart S1M-5
Gross saving, gross fixed capital formation, net capital transfers and other capital
transactions received and net lending / net borrowing of households in the euro area
(percentage of gross disposable income, adjusted for D8 net, based on four-quarter-cumulated sums)
Gross saving
Gross fixed capital formation (-)
Net capital transfers and other capital transactions
Net lending/net borrowing (right scale)
20 8
15 6
10 4
5 2
0 0
-5 -2
-10 -4
-15 -6
Q1
Q4
Q2
Q1
Q1
Q4
Q2
Q1
Q4
Q3
Q1
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q1
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q1
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q4
Q2
Q3
Q1
Q2
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S1M-5
Gross saving, gross fixed capital formation, net capital transfers and other capital
capital transactions received and net lending / net borrowing of households in the euro area
(percentage of gross disposable income, including net adjustment for the change in pension
entitlements of households (D8 net), based on four-quarter-cumulated sums)
Net capital
Gross fixed
transfers and Net lending/net
Gross saving capital formation
other capital borrowing
(-)
transactions
2006 Q1 12.6 -10.9 0.4 2.1

Q2 12.7 -11.0 0.4 2.1
Q3 12.6 -11.1 0.4 1.9
Q4 12.6 -11.3 0.4 1.7
2007 Q1 12.7 -11.4 0.4 1.7
Q2 12.8 -11.5 0.4 1.7
Q3 12.7 -11.5 0.4 1.5
Q4 12.5 -11.5 0.3 1.3
2008 Q1 12.4 -11.4 0.2 1.2
Q2 12.6 -11.3 0.2 1.5
Q3 12.7 -11.1 0.1 1.7
Q4 12.9 -10.9 0.1 2.1
2009 Q1 13.3 -10.5 0.2 3.0
Q2 13.6 -10.1 0.2 3.7
Q3 13.9 -9.7 0.4 4.6
Q4 14.1 -9.4 0.3 4.9
2010 Q1 13.8 -9.3 0.2 4.8
Q2 13.6 -9.3 0.2 4.6
Q3 13.3 -9.3 0.2 4.2
Q4 12.9 -9.3 0.3 3.9
2011 Q1 12.8 -9.3 0.2 3.6
Q2 12.7 -9.2 0.2 3.6
Q3 12.4 -9.2 0.1 3.3
Q4 12.5 -9.2 0.1 3.5
2012 Q1 12.5 -9.0 0.1 3.6
Q2 12.4 -8.9 0.2 3.7
Q3 12.5 -8.8 0.2 3.9
Q4 12.3 -8.8 0.3 3.8
2013 Q1 12.4 -8.6 0.3 4.0
Q2 12.2 -8.6 0.3 3.9
Q3 12.3 -8.5 0.2 4.0
Q4 12.4 -8.4 0.2 4.3
2014 Q1 12.5 -8.4 0.2 4.2
Q2 12.5 -8.4 0.1 4.2
Q3 12.6 -8.3 0.1 4.4
Q4 12.6 -8.3 0.1 4.5
2015 Q1 12.5 -8.2 0.1 4.4
Q2 12.5 -8.2 0.1 4.5
Q3 12.3 -8.1 0.1 4.3
Q4 12.2 -8.2 0.1 4.1
2016 Q1 12.2 -8.2 0.0 4.0
Q2 12.3 -8.3 0.0 3.9
Q3 12.2 -8.4 -0.1 3.8
Q4 12.1 -8.4 -0.1 3.6
2017 Q1 12.0 -8.6 -0.1 3.4
Q2 11.9 -8.6 -0.1 3.2
Q3 11.7 -8.7 -0.1 3.0
Q4 11.8 -8.8 0.0 3.0
2018 Q1 11.8 -8.8 0.0 3.0
Q2 11.9 -8.9 -0.1 3.0
Q3 12.0 -8.9 -0.1 2.9
Q4 12.1 -9.0 -0.1 2.9
(:) Not available

1)
Insurance technical reserves, financial derivatives, loans granted and other accounts receivable
Chart S1M-6
Net acquisition of financial assets, net incurrence of liabilities
and net lending / net borrowing of households in the euro area
Net incurrence of liabilities (-)
Shares and other equity
Other financial assets 1)
Debt securities
Currency and deposits
Net lending / borrowing from financial accounts (right scale)
20 12
15 10
10 8
5 6
0 4
-5 2
-10 0
-15 -2
Q2
Q2
Q3
Q2
Q3
Q2
Q3
Q4
Q3
Q4
Q4
Q4
Q4
Q4
Q1
Q4
Q1
Q1
Q1
Q1
Q2
Q1
Q3
Q4
Q1
Q4
Q1
Q4
Q1
Q1
Q2
Q1
Q2
Q3
Q1
Q2
Q3
Q1
Q2
Q3
Q1
Q2
Q3
Q2
Q3
Q2
Q3
Q4
Q2
Q3
Q4
Q2
Q3
Q4
Q3
Q4
2002 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
1) Insurance technical reserves, financial derivatives, loans granted and other accounts receivable
Source: ECB
Table S1M-6
Net acquisition of financial assets, net incurrence of liabilities
and net lending / net borrowing of households in the euro area
Statistical
Net lending /
discrepancy with
Currency and Other financial Shares and other Net incurrence of borrowing from
Debt securities non-financial net
deposits assets 1) equity liabilities (-) financial
lending /
accounts
borrowing
1999 Q1 : : : : : : :
Q2 : : : : : : :
Q3 : : : : : : :
Q4 3.0 -1.0 5.9 3.5 -7.5 3.9 -0.3
2000 Q1 2.5 -0.7 6.4 1.8 -6.5 3.4 -0.2
Q2 1.8 0.1 6.4 1.1 -6.3 3.1 -0.3
Q3 1.2 1.6 6.3 0.3 -6.2 3.1 -0.4
Q4 1.1 1.2 5.7 1.5 -5.9 3.5 -0.7
2001 Q1 1.8 1.9 5.0 1.7 -6.2 4.2 -1.1
Q2 2.6 1.7 4.9 0.5 -5.6 4.1 -0.7
Q3 3.6 1.3 4.9 0.6 -5.4 4.9 -1.4
Q4 3.5 1.9 4.3 0.1 -5.1 4.6 -0.9
2002 Q1 3.4 1.6 4.5 -0.2 -4.7 4.5 -0.7
Q2 3.4 2.0 4.5 -0.2 -4.5 5.2 -1.2
Q3 3.2 1.7 4.6 0.3 -4.7 5.1 -1.2
Q4 4.0 1.6 5.2 0.0 -5.4 5.3 -1.4
2006 Q1 4.1 0.0 5.8 0.8 -7.8 2.8 -0.7
Q2 4.1 -0.1 6.0 0.4 -7.7 2.7 -0.6
Q3 4.4 0.9 5.5 -0.3 -7.8 2.7 -0.8
Q4 4.6 1.3 4.7 -0.4 -7.9 2.4 -0.7
2007 Q1 4.8 2.1 4.8 -0.6 -8.7 2.3 -0.7
Q2 5.1 2.3 4.2 -0.5 -8.4 2.7 -1.0
Q3 5.2 2.1 3.1 -0.7 -8.0 1.6 -0.1
Q4 5.5 1.9 2.8 -0.8 -7.9 1.5 -0.2
2008 Q1 5.7 1.6 3.0 -1.9 -6.7 1.7 -0.5
Q2 5.6 1.5 2.5 -1.9 -6.0 1.7 -0.2
Q3 5.6 1.5 2.9 -1.8 -5.3 2.9 -1.2
Q4 6.3 0.6 2.5 -1.3 -4.5 3.5 -1.4
2009 Q1 5.9 -0.5 2.0 -0.2 -3.4 3.9 -1.0
Q2 5.5 -0.7 3.3 -0.2 -3.3 4.6 -0.9
Q3 4.9 -1.0 3.6 0.9 -3.0 5.4 -0.9
Q4 3.3 -0.7 4.7 0.8 -2.5 5.6 -0.7
2010 Q1 2.8 -0.9 5.4 0.5 -2.3 5.5 -0.7
Q2 2.6 -1.0 5.4 0.5 -2.4 5.1 -0.5
Q3 2.6 -1.0 5.6 -0.3 -2.5 4.5 -0.3
Q4 2.7 -0.9 4.9 -0.2 -2.7 3.9 0.1
2011 Q1 2.8 0.1 3.8 -0.4 -3.0 3.4 0.2
Q2 2.9 0.5 3.5 -0.7 -2.6 3.6 0.0
Q3 3.0 0.5 2.9 -0.6 -2.4 3.4 -0.1
Q4 2.5 1.3 1.9 -0.5 -1.4 3.7 -0.2
2012 Q1 3.1 0.7 0.7 0.1 -0.4 4.2 -0.6
Q2 3.1 0.1 0.2 0.6 0.1 4.0 -0.3
Q3 3.1 -0.1 0.3 0.1 0.8 4.3 -0.4
Q4 3.7 -1.5 0.9 0.6 0.4 4.0 -0.3
2013 Q1 3.7 -2.6 2.0 0.8 0.0 3.9 0.1
Q2 3.6 -3.0 2.0 1.7 0.5 4.7 -0.8
Q3 3.3 -3.3 1.9 2.1 0.3 4.3 -0.3
Q4 2.8 -2.8 2.3 1.6 0.3 4.2 0.1
2014 Q1 2.3 -2.1 2.6 1.7 -0.1 4.5 -0.2
Q2 2.5 -2.0 3.0 1.0 -0.6 3.8 0.4
Q3 2.5 -2.7 3.6 1.5 -0.6 4.3 0.0
Q4 2.6 -3.1 3.9 1.9 -0.3 5.1 -0.6
2015 Q1 2.8 -3.7 4.2 2.3 -0.7 4.9 -0.5
Q2 2.9 -3.7 3.7 2.5 -0.8 4.7 -0.2
Q3 2.7 -3.1 3.4 2.6 -1.4 4.2 0.1
Q4 2.9 -2.5 2.9 2.9 -2.1 4.1 0.1
2016 Q1 3.2 -1.7 2.5 1.9 -1.9 4.0 0.0
Q2 3.6 -1.2 2.9 1.7 -2.6 4.5 -0.5
Q3 4.1 -1.2 2.7 1.4 -2.5 4.4 -0.7
Q4 4.5 -1.4 2.5 1.0 -2.4 4.2 -0.6
2017 Q1 4.4 -1.4 2.7 0.9 -2.9 3.7 -0.3
Q2 4.2 -1.5 2.3 1.5 -3.0 3.4 -0.3
Q3 4.1 -1.4 2.4 1.6 -3.2 3.5 -0.5
Q4 3.7 -1.3 2.7 1.8 -3.4 3.4 -0.4
2018 Q1 3.7 -1.3 2.2 2.0 -3.0 3.6 -0.7
Q2 4.2 -0.9 2.3 1.0 -3.2 3.4 -0.4
Q3 4.2 -0.5 2.4 0.5 -3.0 3.6 -0.6
Q4 4.6 -0.3 2.2 0.4 -3.3 3.6 -0.6
(:) Not available

1)
Source: ECB
Chart S1M-7
Changes in household financial assets, liabilities and net financial wealth in the euro area
(annual growth rates and percentage point contributions)
Other changes in prices & volumes of assets / liabilities Net incurrence of liabilities (-)
Net acquisition of financial assets Growth in net financial wealth
15 20
10 15
5 10
0 5
-5 0
-10 -5
-15 -10
-20 -15
Q2
Q4
Q2
Q4
Q1
Q4
Q1
Q1
Q1
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: ECB
Table S1M-7
Changes in household financial assets, liabilities and net financial wealth in the euro area
Other changes in
Net acquisition of Net incurrence of prices & volumes Growth in net
financial assets liabilities (-) of assets / financial wealth
liabilities
2006 Q1 5.5 -4.1 7.2 8.7

Q2 5.3 -4.0 4.3 5.6
Q3 5.3 -3.9 4.1 5.5
Q4 5.2 -4.0 5.5 6.7
2007 Q1 5.5 -4.3 4.8 6.0
Q2 5.6 -4.3 6.5 7.9
Q3 4.8 -4.0 2.3 3.1
Q4 4.6 -3.9 0.2 0.9
2008 Q1 4.1 -3.3 -5.4 -4.6
Q2 3.8 -2.9 -7.9 -7.0
Q3 4.1 -2.7 -7.6 -6.1
Q4 4.0 -2.3 -11.4 -9.6
2009 Q1 3.8 -1.8 -10.8 -8.7
Q2 4.2 -1.7 -7.4 -5.0
Q3 4.5 -1.6 -3.3 -0.4
Q4 4.5 -1.4 0.7 3.8
2010 Q1 4.5 -1.3 5.7 8.8
Q2 4.2 -1.4 2.4 5.2
Q3 3.8 -1.4 1.6 4.0
Q4 3.5 -1.4 1.4 3.5
2011 Q1 3.4 -1.6 0.6 2.4
Q2 3.3 -1.4 2.1 4.0
Q3 3.1 -1.3 -2.1 -0.3
Q4 2.7 -0.8 -1.4 0.6
2012 Q1 2.5 -0.2 1.1 3.3
Q2 2.1 0.1 0.4 2.5
Q3 1.9 0.4 3.7 6.0
Q4 1.9 0.2 4.8 6.9
2013 Q1 2.0 0.0 2.7 4.7
Q2 2.2 0.3 2.8 5.2
Q3 2.0 0.2 3.4 5.6
Q4 1.9 0.2 3.8 5.9
2014 Q1 2.2 0.0 4.6 6.8
Q2 2.2 -0.3 6.7 8.6
Q3 2.4 -0.3 5.7 7.8
Q4 2.6 -0.2 4.3 6.7
2015 Q1 2.6 -0.3 8.5 10.8
Q2 2.5 -0.4 4.3 6.5
Q3 2.6 -0.7 2.3 4.3
Q4 2.8 -1.0 3.5 5.4
2016 Q1 2.5 -0.8 -2.3 -0.5
Q2 3.1 -1.1 0.4 2.3
Q3 3.1 -1.1 3.4 5.4
Q4 2.9 -1.1 2.6 4.5
2017 Q1 2.9 -1.3 4.2 5.8
Q2 2.9 -1.3 4.1 5.6
Q3 3.0 -1.4 3.2 4.7
Q4 3.0 -1.5 2.7 4.2
2018 Q1 2.9 -1.3 0.4 2.0
Q2 2.9 -1.4 0.7 2.2
Q3 2.9 -1.3 -0.3 1.2
Q4 3.0 -1.4 -3.3 -1.8
(:) Not available

Source: ECB
Chart S1M-8
Household financial assets, liabilities and net financial wealth in the euro area
Liabilities (-) Shares and other equity Other financial assets 1)
Debt securities Currency and deposits Net financial wealth (right scale)
375 275
300 260
225 245
150 230
75 215
0 200
-75 185
-150 170
Q3
Q1
Q2
Q4
Q2
Q3
Q1
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: ECB 1)
Table S1M-8
Household financial assets, liabilities and net financial wealth in the euro area
Currency and Other financial Shares and other

Debt securities Liabilities (-) Net financial wealth
deposits assets 1) equity
2006 Q1 88.8 22.3 92.5 103.0 -97.4 209.2

Q2 89.2 21.9 92.3 100.3 -98.4 205.3
Q3 88.9 22.4 92.8 103.1 -99.3 207.9
Q4 90.3 22.5 93.5 105.7 -100.3 211.6
2007 Q1 89.8 23.1 94.0 107.6 -101.9 212.6
Q2 90.7 22.7 94.0 107.8 -102.7 212.6
Q3 90.5 22.7 93.1 102.7 -103.1 205.9
Q4 94.7 22.5 92.7 99.2 -103.8 205.3
2008 Q1 94.4 22.2 92.6 90.0 -104.1 195.2
Q2 95.0 21.9 91.0 85.9 -104.0 189.8
Q3 94.7 22.2 90.5 81.8 -103.7 185.5
Q4 97.5 22.3 91.2 72.7 -104.5 179.1
2009 Q1 98.1 21.8 91.4 67.6 -105.1 173.8
Q2 99.7 22.0 93.0 70.6 -106.6 178.7
Q3 99.9 22.3 94.7 75.3 -107.1 185.1
Q4 101.5 22.2 96.8 74.2 -107.9 186.8
2010 Q1 101.3 22.4 99.3 74.8 -108.0 189.8
Q2 102.3 21.9 101.3 71.4 -109.1 187.8
Q3 101.9 21.8 103.2 73.4 -109.1 191.2
Q4 103.4 21.0 102.8 74.0 -109.8 191.5
2011 Q1 102.9 20.9 101.9 75.4 -109.5 191.5
Q2 103.3 21.0 102.6 74.6 -109.7 191.8
Q3 103.3 20.7 104.2 68.6 -109.6 187.2
Q4 104.1 21.2 103.9 68.9 -109.1 188.9
2012 Q1 104.4 21.8 104.1 72.3 -108.0 194.6
Q2 105.5 21.1 105.4 70.8 -108.4 194.4
Q3 105.6 21.0 105.8 72.2 -107.8 196.8
Q4 107.5 20.8 106.6 74.4 -108.0 201.3
2013 Q1 108.2 19.3 107.2 77.0 -107.9 203.7
Q2 109.3 18.7 108.2 76.6 -107.8 204.9
Q3 109.0 18.1 108.2 79.8 -107.1 207.9
Q4 109.8 17.8 108.7 83.1 -107.0 212.4
2014 Q1 109.6 17.7 110.0 85.4 -106.7 216.0
Q2 110.4 17.1 112.0 87.2 -106.7 220.0
Q3 109.9 15.9 113.8 87.4 -106.1 221.0
Q4 110.6 14.8 115.9 87.1 -105.5 222.9
2015 Q1 110.9 14.1 120.0 96.3 -105.7 235.5
Q2 111.1 12.9 116.9 94.3 -105.4 229.9
Q3 110.6 12.4 117.6 91.0 -105.3 226.2
Q4 111.5 12.1 118.6 94.1 -105.6 230.7
2016 Q1 111.5 11.8 120.5 91.1 -105.3 229.6
Q2 112.3 11.4 121.9 90.1 -105.4 230.4
Q3 112.3 11.0 122.7 92.7 -105.4 233.3
Q4 113.6 10.5 123.3 94.3 -105.9 235.9
2017 Q1 113.4 10.0 122.9 97.2 -105.8 237.5
Q2 114.0 9.7 122.4 98.0 -106.1 238.0
Q3 113.5 9.4 122.1 99.1 -105.9 238.2
Q4 114.1 8.8 122.8 99.0 -105.8 239.0
2018 Q1 113.8 8.3 122.2 96.7 -105.3 235.6
Q2 114.7 8.3 122.1 96.3 -105.6 235.8
Q3 114.1 8.1 121.3 95.4 -105.2 233.7
Q4 115.2 7.9 120.4 89.1 -105.3 227.4
(:) Not available

1)
Source: ECB
Chart S11-1
Gross profit share of non-financial corporations in the euro area and the European Union
(gross operating surplus as percentage of gross value added, based on four-quarter-cumulated sums)
dummy Euro area

European Union
44 44
43 43
42 42
41 41
40 40
39 39
38 38
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q4
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q3
Q2
Q2
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S11-1
Gross profit share of non-financial corporations in the euro area and the European Union
(gross operating surplus as percentage of gross value added, based on four-quarter-cumulated sums)
Euro area European Union
2006 Q1 41.3 40.7

Q2 41.3 40.5
Q3 41.4 40.6
Q4 41.5 40.7
2007 Q1 41.7 40.7
Q2 41.9 40.7
Q3 42.1 40.8
Q4 42.3 41.1
2008 Q1 42.1 40.9 36
Q2 42.0 41.0 36
Q3 41.7 40.9 36
Q4 41.1 40.5 36
2009 Q1 40.6 40.1 36
Q2 39.8 39.5 36
Q3 39.4 39.2 36
Q4 39.4 39.1 36
2010 Q1 39.5 39.2
Q2 39.7 39.5
Q3 39.9 39.6
Q4 40.2 40.0
2011 Q1 40.4 40.2
Q2 40.4 40.1
Q3 40.3 40.1
Q4 40.1 39.9
2012 Q1 40.0 39.7
Q2 39.7 39.4
Q3 39.4 39.2
Q4 39.2 38.9
2013 Q1 39.0 38.8
Q2 39.1 38.7
Q3 39.3 38.8
Q4 39.5 38.9
2014 Q1 39.6 39.0
Q2 39.6 39.1
Q3 39.6 39.2
Q4 39.7 39.2
2015 Q1 39.9 39.4
Q2 40.2 39.6
Q3 40.4 39.7
Q4 40.6 39.9
2016 Q1 40.6 40.0
Q2 40.9 40.1
Q3 40.9 40.1
Q4 41.0 40.2
2017 Q1 41.0 40.2
Q2 40.9 40.1
Q3 41.0 40.1
Q4 40.8 40.1
2018 Q1 40.8 40.0
Q2 40.8 39.8
Q3 40.4 39.6
Q4 40.2 39.4
(:) Not available

Chart S11-2
Net income ratio of non-financial corporations in the euro area and the European Union
(net entrepreneurial income (1) as percentage of net value added, based on four-quarter-cumulated sums)
dummy Euro area

European Union
40 40
38 38
36 36
34 34
32 32
30 30
Q2
Q4
Q2
Q4
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q3
Q4
Q1
Q2
Q3
Q1
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q4
Q1
Q3
Q4
Q2
Q3
Q1
Q2
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S11-2
Net income ratio of non-financial corporations in the euro area and the European Union
(net entrepreneurial income (1)
as percentage of net value added, based on four-quarter-cumulated sums)
Euro area European Union
2006 Q1 35.3 34.8

Q2 35.6 34.9
Q3 35.5 35.0
Q4 35.7 35.1
2007 Q1 35.8 35.1
Q2 36.4 35.8
Q3 36.9 35.9
Q4 37.0 35.8 27
2008 Q1 36.0 35.4 27
Q2 35.6 34.9 27
Q3 34.6 34.3 27
Q4 33.3 33.5 27
2009 Q1 32.5 32.6 27
Q2 31.4 31.3 27
Q3 31.3 31.2 27
Q4 31.7 31.8
2010 Q1 32.1 32.2
Q2 32.3 32.6
Q3 32.5 32.8
Q4 33.2 33.6
2011 Q1 33.5 34.3
Q2 33.5 34.6
Q3 33.4 34.6
Q4 33.1 34.3
2012 Q1 32.4 33.8
Q2 32.1 33.1
Q3 31.0 32.7
Q4 30.7 32.3
2013 Q1 30.8 32.0
Q2 30.4 31.9
Q3 31.5 32.0
Q4 31.8 32.1
2014 Q1 32.5 32.2
Q2 32.8 32.5
Q3 33.1 32.6
Q4 33.5 32.9
2015 Q1 34.0 33.3
Q2 34.7 34.1
Q3 34.7 34.2
Q4 34.7 34.2
2016 Q1 34.6 34.2
Q2 34.7 34.2
Q3 35.1 34.2
Q4 35.4 34.3
2017 Q1 35.3 34.2
Q2 35.1 34.0
Q3 35.2 34.3
Q4 34.9 34.2
2018 Q1 34.9 34.2
Q2 35.1 34.1
Q3 34.8 34.0
Q4 34.7 33.9
(:) Not available

Net entrepreneurial income can be derived from net operating surplus by adding all property income (interest, dividends, ..)
(1)
received and withdrawing interest and rents paid.

Chart S11-3
Contributions of components to the growth of net entrepreneurial income of non-financial
corporations in the euro area
Interest and rent payable (-) Compensation of employees (-) Property income receivable
Net value added (at factor costs) Net entrepreneurial income
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
-30 -30
-40 -40
Q3
Q3
Q4
Q1
Q1
Q2
Q3
Q2
Q3
Q4
Q2
Q1
Q2
Q4
Q1
Q2
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S11-3
Contributions of components to the growth of net entrepreneurial income of non-financial
corporations in the euro area
Net
Net value added Property income Compensation of Interest and rent
entrepreneurial
(at factor costs) receivable employees (-) payable (-)
income
2006 Q1 20.7 4.4 -9.9 -2.7 12.5

Q2 9.0 4.9 -6.7 -1.9 5.3
Q3 16.9 2.5 -10.5 -3.7 5.2
Q4 20.8 5.4 -12.7 -4.4 9.1
2007 Q1 21.6 5.0 -11.5 -5.2 9.9
Q2 15.4 7.8 -8.5 -3.6 11.0
Q3 23.0 9.0 -11.6 -5.9 14.5
Q4 21.1 7.0 -12.1 -7.2 8.8
2008 Q1 12.0 -1.1 -12.1 -6.2 -7.4
Q2 9.5 1.3 -7.5 -3.4 -0.3
Q3 7.5 -2.3 -9.9 -4.1 -8.8
Q4 -6.4 -4.2 -6.7 -1.1 -18.4
2009 Q1 -21.0 -4.4 2.0 6.3 -17.1
Q2 -19.7 -5.5 2.8 6.5 -15.8
Q3 -20.4 -6.8 6.2 13.3 -7.6
Q4 -11.3 -6.5 5.1 14.6 1.9
2010 Q1 2.5 -2.5 -0.5 8.2 7.8
Q2 8.8 -4.5 -3.3 2.9 3.9
Q3 11.1 0.6 -5.3 1.3 7.7
Q4 16.9 5.1 -7.8 -0.6 13.6
2011 Q1 18.5 3.8 -8.2 -2.8 11.3
Q2 8.5 3.4 -6.2 -2.5 3.1
Q3 9.0 2.9 -7.0 -3.6 1.4
Q4 3.5 3.5 -6.7 -2.4 -2.2
2012 Q1 1.1 -5.1 -4.5 0.1 -8.4
Q2 -2.7 0.3 -2.9 1.6 -3.7
Q3 -3.2 -11.0 -3.0 2.4 -14.8
Q4 -3.5 -2.6 -2.8 3.9 -5.0
2013 Q1 -3.5 2.0 -1.1 3.2 0.7
Q2 3.1 -7.1 -1.3 1.8 -3.6
Q3 9.2 12.0 -3.6 2.4 20.1
Q4 10.9 -0.9 -3.5 0.9 7.4
2014 Q1 13.1 6.8 -5.9 1.2 15.1
Q2 6.0 2.2 -4.7 0.6 4.1
Q3 9.7 3.5 -6.3 1.2 8.1
Q4 11.4 2.9 -7.7 1.9 8.5
2015 Q1 13.6 1.1 -6.7 2.2 10.3
Q2 12.4 3.9 -6.2 1.7 11.8
Q3 14.6 -3.6 -7.8 1.8 5.0
Q4 17.4 -5.2 -8.7 1.6 5.1
2016 Q1 12.0 -2.2 -7.6 1.3 3.5
Q2 12.1 -1.9 -5.5 0.6 5.3
Q3 10.8 3.7 -6.8 1.2 8.9
Q4 10.9 3.4 -7.9 0.3 6.7
2017 Q1 12.2 -0.3 -8.5 0.1 3.6
Q2 8.1 0.1 -7.4 0.1 0.8
Q3 16.0 -0.7 -9.4 -0.1 5.8
Q4 13.2 -1.2 -11.1 0.5 1.5
2018 Q1 13.7 0.9 -9.7 0.5 5.4
Q2 10.8 2.9 -8.6 0.2 5.3
Q3 7.0 1.6 -10.1 0.4 -1.1
Q4 10.1 2.5 -10.7 0.3 2.2
(:) Not available

Chart S11-4
Growth in gross fixed capital formation and gross value added by non-financial
corporations1) and the investment rate2) in the euro area and in the EU
1)
annual percentage change - 2) percentage of gross value added, based on four-quarter-cumulated sums
Gross fixed capital formation: Euro area (left scale)

Gross value added: Euro area (left scale)
investment rate: Euro area (right scale)
Investment rate: EU (right scale)
15 25
10 24
5 23
0 22
-5 21
-10 20
-15 19
-20 18
Q1
Q4
Q1
Q2
Q3
Q2
Q3
Q4
Q3
Q4
Q1
Q4
Q1
Q2
Q1
Q2
Q2
Q3
Q3
Q4
Q3
Q4
Q1
Q4
Q1
Q2
Q2
Q3
Q2
Q3
Q4
Q1
Q4
Q1
Q1
Q2
Q2
Q3
Q3
Q4
Q3
Q4
Q1
Q4
Q1
Q2
Q1
Q2
Q2
Q3
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Table S11-4
Growth in gross fixed capital formation and gross value added by non-financial
corporations1) and the investment rate2) in the euro area and in the EU
1)
annual percentage change
2)
percentage of gross value added, based on four-quarter-cumulated sums
Based on four-quarter-cumulated
Annual percentage change
sums
Gross fixed Gross value

Investment rate: Investment rate:
capital formation: added:
Euro area EU
Euro area Euro area
2006 Q1 11.2 6.2 23.2 23.5

Q2 6.2 4.3 23.3 23.5
Q3 7.5 5.3 23.5 23.7
Q4 9.4 5.8 23.7 23.9
2007 Q1 9.1 7.1 23.8 23.9
Q2 10.7 7.1 24.0 24.0
Q3 8.7 7.1 24.1 24.1
Q4 11.2 6.3 24.4 24.4
2008 Q1 4.0 4.1 24.3 24.4
Q2 4.6 4.8 24.3 24.5
Q3 3.5 3.2 24.3 24.5
Q4 -8.1 -0.4 23.8 24.1
2009 Q1 -13.4 -4.9 23.3 23.6
Q2 -18.7 -7.1 22.6 22.8
Q3 -15.8 -4.8 21.9 22.1
Q4 -11.3 -2.2 21.3 21.4
2010 Q1 -3.4 0.9 21.1 21.1
Q2 5.6 3.3 21.2 21.1
Q3 4.5 3.3 21.3 21.1
Q4 5.7 3.7 21.4 21.2
2011 Q1 9.4 5.0 21.6 21.3
Q2 6.4 3.9 21.7 21.5
Q3 6.7 3.1 21.9 21.7
Q4 5.2 1.5 22.1 21.9
2012 Q1 2.5 1.1 22.2 22.0
Q2 0.8 -0.1 22.2 22.1
Q3 -1.2 -0.1 22.2 22.0
Q4 -2.7 -0.2 22.0 21.9
2013 Q1 -5.0 -0.4 21.8 21.7
Q2 -1.3 1.3 21.6 21.6
Q3 0.4 2.2 21.5 21.6
Q4 3.4 2.3 21.6 21.7
2014 Q1 5.4 3.3 21.7 21.9
Q2 2.4 2.1 21.7 21.9
Q3 4.6 2.6 21.8 22.0
Q4 4.1 3.0 21.9 22.1
2015 Q1 2.7 4.0 21.8 22.0
Q2 17.1 4.6 22.5 22.5
Q3 4.8 4.5 22.5 22.5
Q4 9.0 5.1 22.7 22.7
2016 Q1 11.1 4.2 23.0 22.9
Q2 -0.3 4.6 22.8 22.7
Q3 8.2 3.3 23.0 23.0
Q4 5.2 2.8 23.1 23.0
2017 Q1 4.0 4.0 23.1 23.1
Q2 3.4 3.5 23.1 23.1
Q3 1.1 4.8 22.9 22.9
Q4 2.2 4.6 22.8 22.9
2018 Q1 5.0 4.4 22.8 22.9
Q2 3.2 3.9 22.8 22.9
Q3 7.2 3.0 23.0 23.0
Q4 7.3 3.1 23.2 23.2
(:) Not available

Chart S11-5
From entrepreneurial income to the net lending / borrowing of non-financial corporations, in the euro area
(percentage of net value added, based on four-quarter-cumulated sums)
Net capital transfers and other capital transactions Changes in inventories and net acquisition of valuables (-)
Net fixed capital formation (-) Profit taxes, net social contributions and other current transfers
Dividends and reinvested earnings on foreign direct investment (-) Net entrepreneurial income
Net lending/net borrowing (right scale)
45 12
30 8
15 4
0 0
Q2
Q3
Q4
Q3
Q4
Q4
Q1
Q1
Q1
Q2
Q1
Q2
Q1
Q2
Q2
Q3
Q3
Q4
Q3
Q4
Q3
Q4
Q1
Q4
Q1
Q1
Q2
Q1
Q2
Q3
Q2
Q3
Q4
Q2
Q3
Q4
Q3
Q4
Q3
Q4
Q3
Q4
Q1
Q4
Q1
Q2
Q1
Q2
Q1
Q2
Q2
Q3
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
-15 -4
-30 -8
-45 -12
Table S11-5
From entrepreneurial income to the net lending / borrowing of non-financial corporations, in the euro area
Profit taxes,
Dividends and Changes in
net social Net fixed Net capital
Net reinvested inventories and
contributions capital transfers and Net lending/net
entrepreneurial earnings on net acquisition
and other formation other capital borrowing
income foreign direct of valuables
current (-) transactions
investment (-) (-)
transfers
2006 Q1 35.3 -25.0 -6.4 -6.7 -1.0 1.7 -2.1

Q2 35.6 -26.0 -6.7 -6.8 -1.0 1.6 -3.3
Q3 35.5 -25.8 -7.0 -6.9 -1.3 1.6 -3.9
Q4 35.7 -26.0 -7.4 -7.2 -1.1 2.0 -4.1
2007 Q1 35.8 -25.7 -7.3 -7.4 -1.2 2.0 -3.8
Q2 36.4 -26.2 -7.5 -7.7 -1.3 1.9 -4.3
Q3 36.9 -26.3 -7.6 -7.9 -1.4 1.9 -4.3
Q4 37.0 -26.3 -7.6 -8.3 -1.6 1.5 -5.3
2008 Q1 36.0 -25.9 -7.7 -8.2 -1.5 1.6 -5.7
Q2 35.6 -26.0 -7.7 -8.1 -1.4 1.6 -5.9
Q3 34.6 -25.9 -7.6 -8.0 -1.4 1.7 -6.6
Q4 33.3 -25.6 -7.2 -7.2 -1.2 1.7 -6.1
2009 Q1 32.5 -25.9 -7.0 -6.2 -0.5 1.8 -5.2
Q2 31.4 -25.5 -6.5 -4.7 0.5 1.9 -3.0
Q3 31.3 -25.2 -6.0 -3.5 1.4 2.0 -0.1
Q4 31.7 -24.8 -5.6 -2.6 1.9 2.1 2.6
2010 Q1 32.1 -24.3 -5.6 -2.2 1.5 2.1 3.6
Q2 32.3 -23.8 -5.7 -2.5 0.6 1.9 2.9
Q3 32.5 -23.5 -5.7 -2.6 0.0 1.9 2.7
Q4 33.2 -24.0 -5.8 -2.7 -0.5 1.7 1.9
2011 Q1 33.5 -24.4 -5.9 -3.1 -1.3 1.6 0.5
Q2 33.5 -24.4 -5.9 -3.3 -1.6 1.7 0.0
Q3 33.4 -25.0 -6.0 -3.5 -1.8 1.7 -1.2
Q4 33.1 -24.7 -6.1 -3.7 -1.5 1.7 -1.2
2012 Q1 32.4 -24.3 -6.2 -3.6 -1.0 1.4 -1.3
Q2 32.1 -23.9 -6.2 -3.5 -0.3 1.5 -0.4
Q3 31.0 -23.7 -6.3 -3.3 0.2 1.5 -0.5
Q4 30.7 -23.4 -6.4 -3.0 0.5 1.5 -0.1
2013 Q1 30.8 -23.4 -6.4 -2.5 0.7 1.8 1.0
Q2 30.4 -22.9 -6.6 -2.4 0.5 1.7 0.9
Q3 31.5 -23.1 -6.5 -2.3 0.2 1.7 1.6
Q4 31.8 -22.7 -6.4 -2.4 0.1 1.6 1.9
2014 Q1 32.5 -22.3 -6.4 -2.7 -0.3 1.6 2.4
Q2 32.8 -22.4 -6.3 -2.7 -0.6 1.6 2.4
Q3 33.1 -22.1 -6.3 -2.9 -0.6 1.6 2.8
Q4 33.5 -22.6 -6.1 -3.0 -0.6 1.6 2.7
2015 Q1 34.0 -22.8 -6.1 -2.9 -0.6 1.6 3.2
Q2 34.7 -23.3 -6.0 -3.8 -0.4 1.6 2.8
Q3 34.7 -23.1 -6.0 -3.8 -0.4 1.6 3.1
Q4 34.7 -22.7 -6.1 -4.1 -0.6 1.6 2.9
2016 Q1 34.6 -22.3 -6.1 -4.5 -0.6 1.5 2.6
Q2 34.7 -21.9 -6.1 -4.3 -0.6 1.5 3.3
Q3 35.1 -21.7 -6.2 -4.6 -0.6 1.4 3.4
Q4 35.4 -21.5 -6.4 -4.8 -0.6 1.4 3.5
2017 Q1 35.3 -21.6 -6.5 -4.8 -0.7 1.1 2.8
Q2 35.1 -21.4 -6.8 -4.8 -0.8 1.0 2.4
Q3 35.2 -21.4 -6.8 -4.6 -0.8 1.0 2.5
Q4 34.9 -21.1 -6.8 -4.5 -0.7 1.1 2.8
2018 Q1 34.9 -21.0 -6.8 -4.6 -0.7 1.5 3.2
Q2 35.1 -21.4 -6.7 -4.6 -0.7 1.5 3.2
Q3 34.8 -21.1 -6.7 -4.8 -1.0 1.6 2.8
Q4 34.7 -21.4 -6.7 -5.1 -1.0 1.3 1.8
(:) Not available

Chart S11-6
Net acquisition of financial assets, net incurrence of liabilities and
net lending (+) / net borrowing (-) of non financial corporations in the euro area
Net acquisition of shares and other equity Net acquisition of other financial assets
Net incurrence of loans Net issuance of shares and other equity
Net incurrence of other liabilities Net lending / net borrowing from financial accounts (right scale)
45 12
30 8
15 4
0 0
-15 -4
-30 -8
-45 -12
Q3
Q4
Q1
Q4
Q1
Q2
Q3
Q2
Q3
Q4
Q4
Q1
Q2
Q1
Q2
Q3
Q3
Q4
Q1
Q4
Q1
Q2
Q2
Q3
Q4
Q3
Q4
Q1
Q1
Q2
Q2
Q3
Q4
Q1
Q1
Q2
Q3
Q3
Q4
Q4
Q1
Q2
Q2
Q3
Q3
Q4
Q1
Q1
Q2
Q2
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: ECB
Table S11-6
net lending (+) / net borrowing (-) of non financial corporations in the euro area
Statistical
Net lending / net
Net acquisition of Net acquisition of Net issuance of discrepancy with net
Net incurrence of Net incurrence of borrowing from
shares and other other financial shares and other lending / borrowing
loans other liabilities financial
equity assets equity from non-financial
accounts
accounts
2006 Q1 8.2 11.5 -11.9 -6.8 -4.1 -3.1 1.0

Q2 8.7 14.1 -13.1 -7.9 -6.0 -4.2 0.9
Q3 8.5 17.1 -15.7 -7.4 -7.7 -5.1 1.3
Q4 8.6 19.7 -15.5 -9.0 -8.9 -5.1 1.0
2007 Q1 7.5 23.6 -14.8 -9.3 -11.7 -4.7 1.0
Q2 8.7 19.7 -16.0 -8.6 -9.4 -5.7 1.4
Q3 10.1 17.1 -15.3 -10.4 -5.9 -4.5 0.1
Q4 11.0 16.4 -17.5 -10.6 -4.8 -5.5 0.2
2008 Q1 11.6 13.2 -18.6 -8.8 -3.9 -6.4 0.7
Q2 9.2 12.5 -17.2 -8.6 -2.1 -6.2 0.3
Q3 7.6 10.3 -17.5 -6.6 -2.1 -8.4 1.8
Q4 7.3 5.5 -13.0 -5.9 -2.1 -8.1 2.0
2009 Q1 8.2 0.5 -9.0 -7.3 0.9 -6.7 1.4
Q2 9.3 -2.6 -4.8 -7.4 1.1 -4.4 1.4
Q3 7.8 -5.0 1.2 -7.7 2.2 -1.5 1.4
Q4 6.3 -3.6 2.2 -6.4 3.1 1.5 1.1
2010 Q1 5.3 0.8 2.4 -6.3 0.3 2.5 1.1
Q2 7.1 5.1 0.4 -6.6 -3.9 2.1 0.8
Q3 9.4 8.7 -2.6 -7.8 -5.4 2.3 0.4
Q4 11.0 10.6 -3.9 -9.2 -6.4 2.0 -0.1
2011 Q1 8.9 13.5 -5.9 -9.0 -6.6 0.9 -0.4
Q2 8.7 12.1 -6.9 -8.3 -5.5 0.0 -0.1
Q3 7.0 12.1 -7.9 -5.7 -6.8 -1.3 0.1
Q4 6.3 10.7 -8.8 -3.7 -6.1 -1.5 0.3
2012 Q1 7.3 4.7 -7.9 -4.1 -2.2 -2.2 0.9
Q2 5.4 3.9 -6.0 -3.6 -0.6 -0.9 0.5
Q3 5.3 1.7 -5.1 -4.2 1.3 -1.1 0.6
Q4 3.2 4.6 -0.6 -6.0 -1.6 -0.5 0.4
2013 Q1 3.2 5.9 0.5 -6.2 -2.2 1.2 -0.2
Q2 1.6 6.3 1.7 -6.8 -3.2 -0.4 1.2
Q3 1.2 7.4 3.7 -7.4 -3.8 1.2 0.4
Q4 2.5 5.2 2.8 -6.5 -2.0 2.0 -0.1
2014 Q1 2.2 6.1 1.3 -4.9 -2.5 2.1 0.3
Q2 4.0 6.8 -1.3 -4.9 -1.8 2.9 -0.5
Q3 6.3 5.3 -2.0 -4.6 -2.1 2.8 0.0
Q4 7.6 4.9 -6.3 -4.3 -0.2 1.8 0.9
2015 Q1 9.6 6.9 -7.2 -6.7 -0.1 2.5 0.7
Q2 10.3 7.9 -6.4 -8.7 -0.6 2.5 0.3
Q3 9.6 12.3 -9.0 -10.3 0.7 3.2 -0.1
Q4 10.2 13.3 -5.7 -13.4 -1.5 3.0 -0.1
2016 Q1 10.5 15.2 -6.2 -12.6 -4.3 2.6 0.0
Q2 10.2 16.0 -7.3 -11.4 -4.8 2.6 0.8
Q3 12.0 12.7 -5.3 -10.6 -6.3 2.5 0.9
Q4 12.8 11.3 -4.5 -10.5 -6.5 2.7 0.9
2017 Q1 10.3 14.0 -5.1 -9.3 -7.6 2.3 0.4
Q2 9.1 12.6 -4.2 -8.7 -6.8 2.0 0.4
Q3 6.2 15.0 -4.9 -7.8 -6.7 1.8 0.7
Q4 3.4 15.6 -5.7 -4.8 -6.3 2.3 0.5
2018 Q1 4.4 11.4 -4.9 -4.6 -3.9 2.3 0.9
Q2 4.8 11.3 -5.4 -3.9 -4.3 2.6 0.6
Q3 5.2 9.2 -5.8 -3.1 -3.7 1.9 0.9
Q4 5.4 5.9 -4.6 -3.5 -2.4 0.9 0.9
(:) Not available

Source: ECB
Chart S11-7
Changes in financial assets, liabilities (except shares and other equity)
Other changes
Other in the
changes price
in the & volume
price of assets
& volume of assetsandandliabilities (except
liabilities liabilities
(except in shares
liabilities andand
in shares other equity)
other
Net equity)
incurrence of liabililties except shares and other equity (-)
Net incurrence of liabililties
Net acquisition of financial assets except shares and other equity (-)
Net acquisition of financial assets
Growth in net
Column G financial wealth (except liabilities in shares and other equity)
100 100
200 200
75 75
150 50 50 150
25 25
100 100
0 0
50 50
-25 -25
-50 -50
0 0
-75 -75
-50 -50
-100 -100
Q1
Q2
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q3
Q4
-100 2006 2007 2008 -100
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q4
Q1
Q2
Q3
Q4
Q1
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: ECB
Table S11-7
Other changes in the

Growth in net
Net incurrence of price & volume of
financial wealth
Net acquisition of liabililties except assets and liabilities
(except liabilities
financial assets shares and other (except liabilities in
in shares and
equity (-) shares and other
other equity)
equity)
2006 Q1 26.2 -21.3 25.5 30.5

Q2 29.7 -24.9 18.4 23.2
Q3 30.4 -27.8 18.4 21.0
Q4 32.1 -27.7 20.1 24.5
2007 Q1 33.5 -28.5 18.9 23.8
Q2 32.0 -28.7 28.7 32.0
Q3 28.6 -22.3 14.5 20.7
Q4 26.8 -21.8 -0.4 4.6
2008 Q1 23.0 -20.8 -21.1 -18.9
Q2 19.6 -17.4 -29.5 -27.3
Q3 16.3 -17.9 -35.8 -37.4
Q4 12.3 -14.4 -51.3 -53.4
2009 Q1 9.9 -9.2 -56.7 -56.0
Q2 8.1 -4.4 -42.9 -39.2
Q3 3.8 4.7 -11.9 -3.4
Q4 5.3 10.1 33.9 49.3
2010 Q1 15.1 6.6 85.7 107.3
Q2 23.6 -6.7 33.1 50.0
Q3 26.0 -11.5 8.1 22.6
Q4 28.7 -13.8 3.9 18.8
2011 Q1 27.8 -15.5 4.8 17.1
Q2 28.0 -16.8 14.9 26.1
Q3 23.2 -17.9 -13.0 -7.7
Q4 19.7 -17.2 -14.0 -11.5
2012 Q1 13.0 -11.0 -6.2 -4.2
Q2 10.0 -7.1 -14.1 -11.2
Q3 9.2 -5.0 12.4 16.5
Q4 10.1 -2.9 17.6 24.8
2013 Q1 10.3 -2.0 4.0 12.3
Q2 9.6 -1.8 8.4 16.2
Q3 9.8 -0.1 13.6 23.3
Q4 8.1 0.9 15.3 24.3
2014 Q1 8.5 -1.2 21.6 28.9
Q2 11.6 -3.3 28.4 36.7
Q3 11.0 -3.9 15.5 22.5
Q4 11.0 -5.7 8.4 13.7
2015 Q1 13.5 -5.9 19.0 26.5
Q2 14.8 -5.7 10.6 19.7
Q3 17.6 -6.7 1.3 12.2
Q4 18.9 -5.8 9.2 22.4
2016 Q1 17.4 -7.1 -8.6 1.7
Q2 18.6 -8.7 -6.1 3.9
Q3 18.5 -8.7 6.4 16.2
Q4 16.5 -7.5 5.8 14.8
2017 Q1 16.8 -8.8 14.9 23.0
Q2 15.4 -7.8 18.4 26.0
Q3 14.2 -7.8 14.9 21.2
Q4 11.8 -7.4 8.6 12.9
2018 Q1 9.3 -5.2 1.3 5.3
Q2 9.5 -5.7 4.8 8.5
Q3 8.3 -5.4 4.0 6.9
Q4 6.5 -4.0 -6.9 -4.4
(:) Not available

Source: ECB
Chart S11-8
Stock of financial assets, liabilities (except shares and other equity)
Assets in currency and deposits
AssetsLiabilities except shares and other equity (-)
in debt securities
Assets in shares and other equity
Other Assets
financial in assets
shares 1)
and other equity
Liabilities except shares
Other financial assets and
1) other equity (-)
Net financial wealth excluding liabilities in shares & other equity: right scale
540 Assets in debt securities 180
Assets in currency and deposits
Net financial wealth excluding liabilities in shares & other equity 150
360
500 500
120
400 400
180
300 300
200 200 90
100 100
0 0 0
-100 -100 60
-200 -200
-180 -300 -300
30
-400 -400
Q3
Q1
Q2
Q4
Q1
Q3
Q4
Q1
Q2
Q4
Q3
Q2
-360 2006 2007 2008 0
Q2
Q1
Q3
Q2
Q4
Q3
Q1
Q4
Q2
Q3
Q1
Q4
Q2
Q1
Q3
Q2
Q4
Q3
Q1
Q2
Q4
Q3
Q1
Q3
Q4
Q2
Q4
Q1
Q3
Q1
Q2
Q4
Q2
Q3
Q1
Q4
Q2
Q3
Q1
Q3
Q4
Q2
Q4
Q1
Q3
Q1
Q2
Q4
Q3
Q1
Q2
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: ECB 1) Insurance technical reserves, financial derivatives, loans granted and other accounts receivable
Table S11-8
Net financial
Assets in Liabilities wealth
Assets in debt Assets in shares Other financial
currency and except shares and excluding liabilities
securities and other equity assets 1)
deposits other equity (-) in shares & other
equity
2006 Q1 34.6 7.5 197.8 153.7 -295.6 98.0

Q2 35.8 7.6 194.1 157.1 -300.3 94.3
Q3 36.3 7.5 198.1 159.9 -300.0 101.8
Q4 38.1 7.5 205.9 162.4 -304.4 109.6
2007 Q1 37.8 7.7 210.4 163.3 -304.3 114.9
Q2 37.6 7.6 215.9 162.4 -306.7 116.9
Q3 37.4 8.0 211.3 162.3 -304.2 114.8
Q4 39.2 7.7 208.9 163.1 -311.9 106.9
2008 Q1 38.3 7.5 192.9 162.6 -313.6 87.7
Q2 38.8 6.9 185.6 162.8 -313.5 80.5
Q3 39.4 7.0 174.7 163.0 -315.3 68.8
Q4 39.8 7.3 157.8 164.5 -320.8 48.6
2009 Q1 39.0 7.3 152.6 165.2 -325.6 38.6
Q2 39.6 7.5 166.9 167.1 -330.4 50.8
Q3 40.8 7.8 185.3 169.0 -332.3 70.6
Q4 42.6 7.7 192.4 173.3 -338.6 77.4
2010 Q1 41.9 8.0 198.1 174.0 -338.1 83.9
Q2 42.0 7.9 191.9 177.7 -342.2 77.3
Q3 42.3 8.1 198.0 175.5 -338.4 85.6
Q4 43.1 7.9 204.0 173.5 -339.2 89.4
2011 Q1 42.9 8.4 205.6 172.6 -335.1 94.3
Q2 43.2 8.2 206.4 173.4 -337.6 93.6
Q3 44.0 8.1 187.8 174.2 -338.2 75.9
Q4 43.6 8.2 193.1 178.0 -346.4 76.5
2012 Q1 44.7 8.7 203.3 175.1 -343.4 88.4
Q2 45.3 8.6 198.8 177.9 -348.4 82.3
Q3 45.5 8.6 205.6 177.9 -349.2 88.4
Q4 47.3 8.4 210.9 180.8 -351.5 95.9
2013 Q1 46.3 8.1 216.8 177.4 -348.6 100.1
Q2 45.9 7.8 212.5 177.8 -348.0 95.9
Q3 47.1 7.8 219.7 178.4 -344.5 108.5
Q4 48.6 7.8 224.2 180.0 -343.0 117.6
2014 Q1 47.7 8.4 236.8 178.0 -345.0 125.8
Q2 47.9 8.0 238.4 180.4 -347.1 127.6
Q3 48.8 7.9 239.1 181.0 -347.5 129.3
Q4 50.5 7.1 240.4 182.3 -350.5 129.8
2015 Q1 50.3 6.8 268.6 193.5 -364.8 154.5
Q2 50.1 6.6 259.9 190.0 -359.2 147.3
Q3 50.9 6.5 247.7 190.0 -355.7 139.4
Q4 51.8 6.2 256.5 191.8 -354.3 152.0
2016 Q1 51.4 6.7 251.3 190.6 -350.0 150.0
Q2 51.6 6.7 246.5 191.8 -350.5 146.1
Q3 52.6 6.5 254.4 191.1 -349.6 155.0
Q4 53.1 5.7 264.9 193.7 -349.5 167.9
2017 Q1 53.0 5.7 273.2 196.2 -350.5 177.7
Q2 52.9 5.7 272.1 194.1 -346.8 177.9
Q3 53.1 5.5 272.3 193.4 -343.5 180.9
Q4 54.1 5.3 270.9 192.9 -341.6 181.6
2018 Q1 52.5 5.0 268.0 192.3 -338.8 179.0
Q2 53.3 5.0 273.6 192.8 -340.2 184.6
Q3 53.6 4.8 274.3 193.5 -340.4 185.8
Q4 54.0 4.9 256.5 191.0 -338.8 167.5
(:) Not available

1)
Source: ECB
Chart S12-1
Contributions of components to the growth of the net entrepreneurial income of financial corporations,
in the euro area
Others Dividends and reinvested earnings received*
Net interest Compensation of employees paid (-)
Net value added Net entrepreneurial income
60 60
45 45
30 30
15 15
0 0
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q2
Q3
Q1
Q2
Q3
Q4
Q2
Q3
Q1
Q4
Q4
Q2
Q4
Q1
Q4
Q3
Q1
Q4
Q1
Q4
-15 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 -15
-30 -30
Table S12-1
Contributions of components to the growth of the net entrepreneurial income of financial corporations,
in the euro area
Dividends and
Compensation of Net
Net value reinvested
employees paid Net interest Others entrepreneurial
added earnings
(-) income
received*
2006 Q1 3.9 -3.6 4.4 -1.9 -0.2 2.6

Q2 3.9 -1.8 4.8 14.1 -0.1 20.8
Q3 8.5 -3.3 15.0 4.2 -0.1 24.3
Q4 5.3 -4.0 10.0 7.2 -0.6 18.0
2007 Q1 7.4 -3.6 21.5 1.3 -0.3 26.3
Q2 1.9 -1.7 11.0 11.7 -0.2 22.7
Q3 6.1 -2.5 13.6 0.7 -0.5 17.4
Q4 5.8 -3.2 13.8 -6.1 -0.1 10.2
2008 Q1 1.4 -2.6 9.7 -16.1 -0.1 -7.8
Q2 -1.4 -0.8 5.2 -15.1 0.0 -12.0
Q3 -5.0 -1.9 13.6 -9.7 0.1 -2.8
Q4 -3.6 0.6 5.1 -15.4 0.1 -13.2
2009 Q1 2.8 1.5 -21.3 2.5 0.1 -14.4
Q2 2.1 -0.1 -15.2 -9.4 0.1 -22.5
Q3 6.9 0.7 -28.9 8.2 0.0 -13.1
Q4 6.7 -0.7 -22.1 19.3 -0.1 3.1
2010 Q1 5.2 -0.5 -10.6 29.9 -0.1 24.0
Q2 3.8 0.5 -3.4 17.1 -0.2 17.8
Q3 3.3 -0.4 -1.0 19.4 -0.8 20.5
Q4 1.2 0.1 0.0 32.7 0.0 34.0
2011 Q1 -1.9 -0.5 5.3 19.1 -0.8 21.2
Q2 -2.3 -1.0 6.1 10.6 -0.5 12.9
Q3 -2.4 -0.8 7.6 11.3 -0.7 15.0
Q4 -1.5 -0.4 7.4 -18.2 -0.6 -13.2
2012 Q1 0.4 -0.9 1.9 12.7 -2.2 12.0
Q2 1.3 -0.2 -0.3 -13.4 -0.3 -12.8
Q3 0.0 -0.2 -6.9 33.9 -0.4 26.4
Q4 0.2 -0.2 -12.5 2.6 -1.5 -11.4
2013 Q1 -1.2 -0.8 -7.1 -10.6 -0.4 -20.1
Q2 0.3 0.3 -5.5 20.0 -0.4 14.5
Q3 0.9 0.2 -2.3 -17.4 -0.4 -19.1
Q4 1.1 -0.7 0.2 5.9 -0.2 6.3
2014 Q1 4.1 0.5 0.0 -10.3 0.2 -5.4
Q2 1.8 -0.2 -0.4 -7.4 0.1 -6.1
Q3 4.3 -0.9 -1.3 -17.8 0.4 -15.3
Q4 4.7 -1.3 0.8 15.4 0.2 19.7
2015 Q1 2.0 0.1 -3.5 -11.5 0.0 -12.9
Q2 1.5 -0.3 1.4 1.2 -0.1 3.7
Q3 0.5 0.0 0.9 9.4 -0.5 10.4
Q4 0.5 -0.4 -1.5 -0.9 -4.3 -6.6
2016 Q1 -1.4 -1.9 -1.5 23.2 0.9 19.3
Q2 0.1 -0.6 -1.7 9.0 -2.3 4.5
Q3 -2.2 -1.2 -4.3 13.7 -0.3 5.7
Q4 -3.7 -1.1 0.6 4.1 4.3 4.2
2017 Q1 -2.2 0.5 2.0 3.4 -1.6 2.0
Q2 -3.0 0.4 -0.5 -5.0 0.2 -7.8
Q3 -3.0 0.7 -1.5 -7.6 0.3 -11.0
Q4 -0.3 0.7 -2.9 -15.2 0.1 -17.7
2018 Q1 -0.5 -0.8 -4.5 0.5 1.5 -3.9
Q2 -0.5 -0.3 -2.5 2.5 -0.4 -1.2
Q3 1.1 -1.0 -0.1 1.1 0.0 1.2
Q4 1.3 -0.8 -3.0 18.4 0.0 15.8
(:) Not available

*plus net rent and net property income attributed to policy insurance holders Sources: ECB and Eurostat
Chart S12-2
From entrepreneurial income to the net lending / borrowing of financial corporations, in the euro area
(percentage of gross domestic product, based on four-quarter-cumulated sums)
Net capital transfers and other capital transactions Net fixed capital formation
Profit taxes, net social contributions and other current transfers Dividends and reinvested earnings on foreign direct investment (-)
Net entrepreneurial income Net lending/net borrowing (right scale)
6 3
4 2
2 1
0 0
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
-2 -1
-4 -2
-6 -3
Table S12-2
From entrepreneurial income to the net lending / borrowing of financial corporations, in the euro area
Dividends and Profit taxes,

reinvested net social Net capital
Net Net fixed Net
earnings on contributions transfers and
entrepreneuria capital lending/net
foreign direct and other other capital
l income formation borrowing
investment current transactions
(-) transfers
2006 Q1 3.9 -1.9 -0.6 0.0 -0.1 1.4

Q2 4.2 -2.1 -0.6 0.0 -0.1 1.4
Q3 4.3 -2.1 -0.6 0.0 -0.1 1.6
Q4 4.4 -2.1 -0.6 0.0 -0.1 1.6
2007 Q1 4.6 -2.2 -0.6 -0.1 -0.1 1.7
Q2 4.9 -2.6 -0.6 0.0 -0.1 1.7
Q3 5.0 -2.6 -0.6 0.0 -0.1 1.7
Q4 5.0 -2.6 -0.6 0.0 0.0 1.9
2008 Q1 4.9 -2.7 -0.6 0.0 0.1 1.7
Q2 4.6 -2.6 -0.5 0.0 0.1 1.6
Q3 4.5 -2.5 -0.5 0.0 0.2 1.7
Q4 4.4 -2.5 -0.4 -0.1 0.1 1.5
2009 Q1 4.3 -2.4 -0.4 -0.1 0.1 1.6
Q2 4.0 -2.1 -0.4 -0.1 0.0 1.5
Q3 3.9 -2.0 -0.4 -0.1 0.0 1.4
Q4 3.9 -2.1 -0.4 -0.1 0.0 1.4
2010 Q1 4.1 -2.2 -0.4 0.0 0.1 1.6
Q2 4.3 -2.3 -0.4 0.0 0.2 1.8
Q3 4.5 -2.4 -0.4 0.0 0.6 2.2
Q4 4.7 -2.5 -0.4 0.0 0.6 2.5
2011 Q1 4.9 -2.4 -0.4 0.0 0.5 2.6
Q2 5.0 -2.6 -0.4 -0.1 0.5 2.5
Q3 5.2 -2.4 -0.4 -0.1 0.2 2.5
Q4 5.0 -2.4 -0.4 -0.1 0.1 2.3
2012 Q1 5.1 -2.6 -0.4 -0.1 0.1 2.2
Q2 4.9 -2.4 -0.4 -0.1 0.2 2.2
Q3 5.2 -2.6 -0.4 -0.1 0.2 2.4
Q4 5.1 -2.5 -0.4 0.0 0.5 2.6
2013 Q1 4.8 -2.4 -0.4 0.0 0.5 2.5
Q2 5.0 -2.5 -0.4 0.0 0.6 2.7
Q3 4.7 -2.4 -0.4 0.0 0.5 2.4
Q4 4.8 -2.5 -0.5 0.0 0.2 2.0
2014 Q1 4.7 -2.8 -0.5 0.0 0.2 1.6
Q2 4.6 -2.8 -0.5 0.0 0.1 1.4
Q3 4.4 -2.8 -0.5 -0.1 0.1 1.1
Q4 4.5 -2.9 -0.5 0.0 0.1 1.2
2015 Q1 4.4 -2.8 -0.5 -0.1 0.1 1.1
Q2 4.4 -2.8 -0.5 0.0 0.0 1.1
Q3 4.5 -2.9 -0.5 -0.1 0.0 1.0
Q4 4.3 -2.8 -0.5 -0.1 0.1 1.1
2016 Q1 4.5 -2.9 -0.4 -0.1 0.1 1.1
Q2 4.5 -3.0 -0.4 -0.1 0.1 1.1
Q3 4.5 -3.0 -0.4 -0.1 0.1 1.1
Q4 4.5 -3.0 -0.4 -0.1 -0.1 0.9
2017 Q1 4.5 -2.9 -0.4 -0.1 0.0 1.1
Q2 4.4 -2.8 -0.4 -0.1 0.0 1.1
Q3 4.2 -2.7 -0.4 -0.1 0.0 1.1
Q4 4.0 -2.6 -0.4 -0.1 0.1 0.9
2018 Q1 3.9 -2.6 -0.4 -0.1 0.0 0.9
Q2 3.9 -2.6 -0.4 -0.1 0.0 0.8
Q3 3.9 -2.7 -0.4 -0.1 0.0 0.6
Q4 3.9 -2.6 -0.4 -0.1 0.0 0.8
(:) Not available

Chart S12-3
Net acquisition of shares and other equity Net acquisition of other financial assets
Net incurrence of loans (-) Net issuance of shares and other equity (-)
Net incurrence of other liabilities (-) Net lending / net borrowing from financial accounts (right scale)
75 3.0
50 2.0
25 1.0
0 0.0
-25 -1.0
-50 -2.0
-75 -3.0
Q2
Q3
Q1
Q2
Q4
Q1
Q3
Q4
Q2
Q1
Q4
Q3
Q2
Q4
Q1
Q3
Q4
Q2
Q3
Q1
Q4
Q3
Q2
Q1
Q4
Q1
Q4
Q3
Q2
Q1
Q3
Q4
Q2
Q3
Q1
Q2
Q4
Q1
Q3
Q2
Q1
Q4
Q2
Q3
Q1
Q2
Q4
Q1
Q3
Q4
Q2
Q3
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: ECB
Table S12-3
Statistical
Net lending / net discrepancy with
Net acquisition of Net acquisition of Net issuance of
Net incurrence of Net incurrence of borrowing from net lending /
shares and other other financial shares and other
loans (-) other liabilities (-) financial borrowing from
equity assets equity (-)
accounts non-financial
accounts
2006 Q1 10.8 34.9 -4.8 -11.2 -28.3 1.4 0.0

Q2 12.2 33.4 -4.8 -12.3 -27.1 1.4 0.0
Q3 12.4 36.8 -4.2 -12.3 -31.2 1.6 0.0
Q4 11.7 40.2 -4.0 -11.5 -34.8 1.6 0.0
2007 Q1 10.4 44.1 -3.8 -11.0 -37.9 1.7 0.0
Q2 9.6 48.0 -3.9 -10.9 -41.2 1.7 0.0
Q3 8.1 47.4 -5.2 -9.3 -39.3 1.7 0.0
Q4 9.8 53.0 -5.3 -11.0 -44.6 1.9 0.0
2008 Q1 6.9 49.0 -6.6 -8.5 -39.1 1.7 0.0
Q2 6.2 45.5 -6.6 -6.3 -37.1 1.6 0.0
Q3 5.2 46.6 -5.3 -4.8 -40.1 1.7 0.0
Q4 0.8 34.5 -4.1 -0.4 -29.3 1.5 0.0
2009 Q1 1.3 20.7 -1.6 -0.3 -18.6 1.6 0.0
Q2 2.5 16.2 0.1 -2.7 -14.6 1.5 0.0
Q3 5.1 0.6 0.3 -6.0 1.4 1.4 0.0
Q4 7.7 -2.4 -0.1 -8.8 5.0 1.4 0.0
2010 Q1 10.1 5.5 0.1 -10.9 -3.1 1.6 0.0
Q2 7.4 12.2 -1.5 -9.0 -7.2 1.8 0.0
Q3 6.1 12.8 -1.3 -8.1 -7.3 2.2 0.0
Q4 5.7 11.7 -1.9 -7.8 -5.3 2.5 0.0
2011 Q1 5.4 7.8 -2.7 -6.8 -1.2 2.6 0.0
Q2 6.8 0.4 -2.0 -7.0 4.4 2.5 0.0
Q3 5.8 19.6 -2.7 -6.6 -13.6 2.5 0.0
Q4 4.5 26.7 -2.4 -5.8 -20.8 2.3 0.0
2012 Q1 4.8 40.2 -3.2 -6.6 -33.0 2.2 0.0
Q2 3.7 40.9 -3.5 -5.7 -33.3 2.2 0.0
Q3 5.3 24.1 -3.4 -6.9 -16.7 2.4 0.0
Q4 5.6 12.6 -3.2 -6.4 -6.1 2.6 0.0
2013 Q1 5.9 -6.1 -2.4 -6.2 11.3 2.5 0.0
Q2 5.3 -11.1 -2.4 -6.1 16.9 2.7 0.0
Q3 5.8 -15.9 -0.7 -5.4 18.5 2.4 0.0
Q4 10.0 -19.2 -0.1 -9.6 21.0 2.0 0.0
2014 Q1 6.8 -13.6 0.0 -7.2 15.6 1.6 0.0
Q2 7.7 -12.5 0.5 -8.0 13.6 1.4 0.0
Q3 6.5 -5.3 -0.6 -8.5 9.0 1.1 0.0
Q4 2.4 3.4 -1.2 -5.3 1.8 1.2 0.0
2015 Q1 8.6 12.7 -3.2 -11.1 -5.9 1.1 0.0
Q2 9.9 11.5 -2.1 -11.9 -6.3 1.1 0.0
Q3 12.5 14.1 -1.8 -13.9 -9.8 1.0 0.0
Q4 14.7 13.1 -3.0 -16.0 -7.8 1.1 0.0
2016 Q1 10.6 10.5 -1.6 -11.3 -7.1 1.1 0.0
Q2 10.2 19.2 -2.0 -11.5 -14.7 1.1 0.0
Q3 9.8 19.9 -2.4 -11.2 -15.1 1.1 0.0
Q4 8.5 20.6 -1.0 -9.0 -18.1 0.9 0.0
2017 Q1 11.5 29.2 -1.8 -11.3 -26.6 1.1 0.0
Q2 15.1 23.7 -1.9 -14.8 -21.0 1.1 0.0
Q3 12.4 23.5 -1.4 -11.7 -21.7 1.1 0.0
Q4 12.0 22.2 -0.3 -12.8 -20.2 0.9 0.0
2018 Q1 8.3 15.2 -0.3 -9.6 -12.7 0.9 0.0
Q2 4.2 15.6 -0.5 -4.6 -14.0 0.8 0.0
Q3 3.5 12.7 -0.9 -3.9 -10.8 0.6 0.0
Q4 -3.3 10.1 -1.2 2.4 -7.1 0.8 0.0
(:) Not available

Source: ECB
Chart S12-4
Net acquisition of financial assets: loans
Net acquisition of financial assets other than loans
Net incurrence of liabilities in currency and deposits (-)
Net incurrence of liabilities other than currency and deposits, shares and other equity (-)
Other changes in prices & volumes of assets / liabilities (except in shares and other equity)
Growth in net financial wealth (except liabilities in shares and other equity)
60 30
40 20
20 10
0 0
-20 -10
-40 -20
-60 -30
Q1
Q2
Q4
Q4
Q2
Q4
Q2
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q3
Q1
Q3
Q4
Q1
Q2
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: ECB
Table S12-4
Net incurrence of Other changes in

Growth in net
Net incurrence of liabilities prices & volumes
Net acquisition of Net acquisition of financial wealth
liabilities in other than currency of assets /
financial assets: financial assets (except liabilities in
currency and and deposits, liabilities
loans other than loans shares and other
deposits (-) shares and other (except in shares
equity)
equity (-) and other equity)
2006 Q1 13.8 27.4 -13.5 -16.3 11.9 23.2

Q2 13.2 26.2 -12.8 -14.7 5.1 17.0
Q3 13.9 26.8 -13.7 -15.6 3.8 15.2
Q4 13.8 28.2 -15.7 -15.7 6.0 16.6
2007 Q1 13.4 28.5 -16.2 -16.0 2.7 12.4
Q2 14.6 30.3 -18.6 -16.5 6.0 15.7
Q3 14.4 27.6 -19.0 -14.7 3.4 11.7
Q4 13.8 32.2 -22.3 -14.3 0.2 9.7
2008 Q1 14.5 25.8 -20.4 -12.5 -5.4 2.0
Q2 13.2 23.2 -18.2 -12.5 -8.7 -3.1
Q3 11.9 24.6 -20.6 -11.3 -11.8 -7.2
Q4 7.6 16.5 -15.9 -6.9 -15.0 -13.7
2009 Q1 4.3 11.3 -9.2 -5.1 -11.3 -10.0
Q2 1.9 11.5 -7.5 -2.9 -6.4 -3.4
Q3 0.0 4.2 4.0 -2.7 0.9 6.4
Q4 1.4 2.7 8.0 -4.2 8.2 16.0
2010 Q1 1.2 10.7 2.6 -4.9 12.0 21.6
Q2 2.3 12.1 -1.8 -4.7 8.5 16.4
Q3 2.8 10.5 -1.8 -4.2 5.1 12.4
Q4 3.5 8.3 -2.1 -2.8 4.9 11.9
2011 Q1 3.9 4.8 0.5 -3.0 2.3 8.4
Q2 3.5 1.3 4.1 -2.6 2.3 8.5
Q3 3.7 12.6 -7.9 -2.6 -3.2 2.6
Q4 2.8 16.6 -11.6 -2.8 -4.7 0.3
2012 Q1 2.8 24.9 -19.3 -3.0 -2.8 2.6
Q2 2.6 24.6 -19.4 -3.0 -2.3 2.5
Q3 2.5 16.0 -9.7 -3.0 5.0 10.8
Q4 2.4 9.0 -1.4 -4.3 6.1 11.6
2013 Q1 1.5 -1.7 8.7 -3.4 6.0 11.2
Q2 1.3 -4.7 11.8 -3.2 3.1 8.3
Q3 -0.3 -5.5 11.5 -1.3 1.5 5.9
Q4 -1.1 -4.1 11.0 0.8 0.7 7.3
2014 Q1 -1.2 -2.6 7.9 0.7 1.0 5.8
Q2 -0.9 -1.7 7.5 0.4 5.8 11.1
Q3 0.2 0.5 5.4 -0.7 6.3 11.6
Q4 1.1 2.1 1.9 -1.5 14.1 17.6
2015 Q1 2.5 8.9 -1.6 -3.2 20.7 27.2
Q2 1.9 9.3 -2.8 -1.6 15.3 22.0
Q3 2.0 11.6 -4.3 -1.7 10.5 18.1
Q4 1.4 11.7 -3.5 -1.6 3.5 11.5
2016 Q1 0.9 8.3 -3.8 0.0 -5.4 -0.1
Q2 1.2 11.7 -5.9 -1.5 -2.1 3.4
Q3 1.5 11.8 -6.2 -1.6 0.7 6.1
Q4 0.8 11.9 -6.9 -1.5 0.6 4.9
2017 Q1 1.0 17.1 -9.7 -3.0 3.2 8.7
Q2 0.7 16.3 -7.7 -2.4 0.4 7.4
Q3 0.3 15.2 -7.6 -2.4 -0.5 5.1
Q4 0.6 14.1 -7.1 -1.8 -1.6 4.3
2018 Q1 1.0 8.9 -3.5 -2.0 -3.7 0.7
Q2 1.6 6.8 -4.6 -1.5 -0.9 1.3
Q3 1.7 5.2 -3.9 -1.1 -0.2 1.8
Q4 1.9 0.9 -2.7 -0.9 -2.7 -3.3
(:) Not available

Source: ECB
Chart S12-5
Assets in debt securities
Assets in loans
Assets in shares and other equity
Other financial assets
Liabilities in currency and deposits
Liabilities other than currency and deposits, shares and other equity (-)
750 250
500 220
250 190
0 160
-250 130
-500 100
Q1
Q4
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q2
Q3
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q4
Q2
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: ECB
Table S12-5
Net financial
Liabilities other
wealth
Assets in Liabilities in than currency and
Assets in debt Assets in Other financial excluding
shares and currency and deposits, shares
securities loans assets liabilities in
other equity deposits and other equity
shares & other
(-)
equity
2006 Q1 106.8 151.6 119.8 131.3 -197.2 -175.6 136.7

Q2 105.1 153.5 118.9 132.9 -199.3 -175.9 135.3
Q3 106.8 154.0 123.8 134.4 -200.3 -179.1 139.5
Q4 106.5 156.5 129.1 136.5 -203.2 -181.2 144.1
2007 Q1 107.6 158.8 129.8 142.4 -206.5 -186.1 146.0
Q2 107.8 161.9 132.6 144.4 -211.2 -187.0 148.4
Q3 107.0 163.7 130.3 146.1 -212.3 -187.3 147.5
Q4 108.3 167.0 131.9 152.5 -221.8 -188.2 149.7
2008 Q1 110.6 170.1 120.8 153.0 -222.8 -189.9 141.8
Q2 111.2 172.4 117.5 153.2 -225.8 -191.0 137.5
Q3 110.5 174.6 112.6 161.4 -235.1 -191.9 132.0
Q4 114.1 172.9 106.6 165.9 -240.5 -192.6 126.3
2009 Q1 118.9 175.8 105.1 160.8 -237.8 -195.8 126.9
Q2 124.4 177.9 112.2 163.5 -242.7 -200.1 135.1
Q3 128.3 178.5 121.1 158.2 -236.5 -204.7 144.9
Q4 129.6 181.3 127.5 159.7 -238.4 -208.1 151.6
2010 Q1 133.2 181.6 132.5 161.8 -239.4 -211.9 157.8
Q2 134.9 183.9 130.5 173.0 -249.8 -215.0 157.6
Q3 135.0 181.9 132.8 163.3 -238.5 -214.1 160.4
Q4 130.7 183.2 136.1 159.3 -235.9 -208.2 165.2
2011 Q1 128.7 182.2 136.3 155.9 -229.5 -207.9 165.7
Q2 127.5 182.3 136.7 157.2 -230.4 -207.8 165.6
Q3 127.7 183.2 130.1 171.5 -242.2 -210.6 159.7
Q4 129.2 184.4 132.8 176.0 -249.0 -212.0 161.4
2012 Q1 135.6 186.0 138.2 183.5 -257.7 -218.7 166.8
Q2 136.0 188.7 138.0 187.7 -261.5 -221.1 167.7
Q3 138.4 189.3 142.5 183.9 -256.3 -222.1 175.7
Q4 139.5 189.1 146.1 176.8 -249.8 -222.1 179.5
2013 Q1 140.4 188.6 150.7 171.6 -242.9 -223.1 185.3
Q2 139.2 188.4 148.8 166.5 -239.1 -222.7 181.1
Q3 137.1 184.3 152.4 161.6 -232.9 -217.7 184.7
Q4 135.5 181.9 159.0 154.4 -226.3 -214.3 190.2
2014 Q1 137.6 181.2 157.7 154.6 -223.1 -215.6 192.3
Q2 140.4 183.3 160.9 152.5 -220.9 -219.3 196.9
Q3 143.1 183.8 164.0 152.2 -219.7 -221.6 201.8
Q4 146.2 187.6 182.4 152.5 -220.1 -230.0 218.6
2015 Q1 151.1 190.3 200.8 160.2 -225.8 -237.4 239.1
Q2 146.3 189.5 196.7 156.0 -224.0 -230.4 234.0
Q3 146.2 188.2 194.1 155.1 -223.7 -228.7 231.3
Q4 146.5 186.3 200.6 154.0 -222.6 -228.8 236.0
2016 Q1 148.4 185.0 196.2 156.3 -225.8 -229.0 231.1
Q2 152.2 184.9 198.2 158.6 -229.6 -230.3 234.0
Q3 153.8 184.8 201.7 157.9 -230.0 -230.4 237.8
Q4 152.9 182.6 208.1 158.0 -231.1 -229.8 240.7
2017 Q1 153.6 181.9 212.4 167.9 -240.5 -231.1 244.1
Q2 153.0 178.7 212.9 165.2 -238.9 -226.4 244.5
Q3 152.5 176.1 211.3 164.2 -238.2 -223.7 242.3
Q4 152.0 172.9 212.0 161.7 -236.6 -219.4 242.6
2018 Q1 153.5 174.3 207.0 163.6 -241.5 -219.5 237.5
Q2 153.1 176.2 209.9 163.3 -243.8 -219.6 239.1
Q3 151.7 175.5 210.0 161.6 -242.6 -217.8 238.4
Q4 150.9 174.0 196.8 159.1 -239.5 -213.9 227.3
(:) Not available

Source: ECB
Chart S13-1
Components of net lending / borrowing of government in the euro area
(as a percentage of gross domestic product, based on four quarters cumulated sums)
Others Gross fixed capital formation (-)
Compensation of employees paid (-) Social contributions less benefits
Current taxes on income and wealth Net property income
Taxes less subsidies on production Net lending (+) / borrowing (-) (right scale)
30 4
20 2
10 0
0 -2
Q3
Q4
Q2
Q3
Q4
Q1
Q4
Q1
Q2
Q1
Q2
Q3
Q4
Q1
Q2
Q1
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
-10 -4
-20 -6
-30 -8
Table S13-1
Components of net lending / borrowing of government in the euro area
Taxes less Current taxes Social Compensation Gross fixed

Net property Net lending (+) /
subsidies on on income and contributions of employees capital Others
income borrowing (-)
production wealth less benefits paid (-) formation (-)
2006 Q1 11.7 -2.0 11.5 -0.9 -10.2 -3.2 -9.1 -2.2

Q2 11.7 -1.9 11.7 -0.8 -10.3 -3.2 -9.1 -1.8
Q3 11.7 -1.9 11.8 -0.8 -10.2 -3.2 -9.1 -1.7
Q4 11.7 -1.9 12.0 -0.7 -10.1 -3.2 -9.3 -1.5
2007 Q1 11.7 -1.8 12.0 -0.7 -10.1 -3.2 -9.3 -1.4
Q2 11.7 -1.9 12.1 -0.6 -10.0 -3.2 -9.2 -1.0
Q3 11.7 -1.9 12.3 -0.6 -9.9 -3.2 -9.2 -0.8
Q4 11.6 -1.9 12.4 -0.6 -9.9 -3.2 -9.1 -0.7
2008 Q1 11.5 -1.9 12.5 -0.6 -9.9 -3.3 -9.2 -0.8
Q2 11.4 -1.8 12.5 -0.6 -10.0 -3.3 -9.4 -1.2
Q3 11.3 -1.9 12.4 -0.6 -10.0 -3.3 -9.4 -1.5
Q4 11.1 -1.8 12.3 -0.7 -10.1 -3.3 -9.6 -2.2
2009 Q1 11.0 -1.8 12.2 -0.9 -10.3 -3.4 -9.9 -3.0
Q2 11.0 -1.8 12.0 -1.2 -10.5 -3.5 -10.1 -4.2
Q3 10.9 -1.7 11.7 -1.5 -10.7 -3.6 -10.4 -5.3
Q4 10.9 -1.8 11.5 -1.8 -10.9 -3.7 -10.5 -6.3
2010 Q1 10.9 -1.8 11.4 -2.0 -10.9 -3.6 -10.6 -6.6
Q2 10.9 -1.8 11.4 -2.0 -10.9 -3.5 -10.5 -6.3
Q3 11.1 -1.8 11.4 -1.9 -10.8 -3.5 -10.9 -6.4
Q4 11.0 -1.8 11.4 -1.9 -10.7 -3.4 -10.9 -6.2
2011 Q1 11.1 -1.8 11.5 -1.8 -10.6 -3.3 -10.6 -5.6
Q2 11.2 -1.8 11.5 -1.8 -10.5 -3.3 -10.6 -5.3
Q3 11.2 -1.9 11.6 -1.7 -10.5 -3.2 -10.2 -4.6
Q4 11.3 -1.9 11.7 -1.6 -10.5 -3.1 -10.1 -4.3
2012 Q1 11.3 -2.0 11.8 -1.6 -10.4 -3.1 -10.1 -4.1
Q2 11.4 -2.0 11.9 -1.7 -10.4 -3.0 -10.2 -4.0
Q3 11.5 -2.0 12.1 -1.7 -10.4 -3.0 -10.3 -3.9
Q4 11.6 -2.0 12.3 -1.7 -10.4 -2.9 -10.5 -3.7
2013 Q1 11.6 -1.9 12.4 -1.8 -10.4 -2.9 -10.7 -3.7
Q2 11.6 -1.8 12.5 -1.8 -10.4 -2.9 -10.8 -3.5
Q3 11.6 -1.8 12.6 -1.8 -10.4 -2.9 -10.7 -3.4
Q4 11.6 -1.8 12.6 -1.9 -10.4 -2.8 -10.4 -3.1
2014 Q1 11.6 -1.7 12.6 -1.8 -10.3 -2.8 -10.3 -2.8
Q2 11.6 -1.7 12.6 -1.8 -10.3 -2.8 -10.2 -2.7
Q3 11.6 -1.6 12.5 -1.8 -10.3 -2.7 -10.2 -2.5
Q4 11.6 -1.6 12.5 -1.8 -10.3 -2.7 -10.2 -2.5
2015 Q1 11.6 -1.6 12.5 -1.9 -10.2 -2.7 -10.2 -2.4
Q2 11.5 -1.6 12.5 -1.9 -10.2 -2.7 -10.2 -2.4
Q3 11.5 -1.5 12.5 -1.8 -10.1 -2.7 -10.1 -2.2
Q4 11.5 -1.5 12.6 -1.8 -10.1 -2.7 -10.1 -2.1
2016 Q1 11.5 -1.5 12.5 -1.8 -10.0 -2.7 -10.0 -1.9
Q2 11.5 -1.4 12.5 -1.7 -10.0 -2.7 -10.0 -1.8
Q3 11.5 -1.4 12.5 -1.7 -10.0 -2.6 -10.0 -1.8
Q4 11.5 -1.4 12.6 -1.7 -10.0 -2.6 -10.0 -1.6
2017 Q1 11.5 -1.4 12.6 -1.7 -10.0 -2.6 -9.9 -1.3
Q2 11.5 -1.4 12.7 -1.6 -9.9 -2.6 -10.1 -1.3
Q3 11.5 -1.3 12.7 -1.5 -9.9 -2.6 -10.0 -1.1
Q4 11.5 -1.3 12.8 -1.5 -9.9 -2.6 -10.1 -1.0
2018 Q1 11.5 -1.2 12.9 -1.4 -9.9 -2.6 -10.1 -0.8
Q2 11.6 -1.1 12.9 -1.4 -9.8 -2.7 -10.0 -0.5
Q3 11.6 -1.1 13.0 -1.4 -9.8 -2.7 -10.0 -0.4
Q4 11.6 -1.1 13.0 -1.4 -9.9 -2.7 -10.1 -0.5
(:) Not available

Chart S13-2
Components of net lending / borrowing of government in the European Union
Others Gross fixed capital formation (-)

Compensation of employees paid (-) Social contributions less benefits
Current taxes on income and wealth Net property income
Taxes less subsidies on production Net lending (+) / borrowing (-) (right scale)
30 2
15 0
0 -2
Q1
Q2
Q3
Q4
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q1
Q3
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q4
Q3
Q4
Q1
Q4
Q3
Q2
Q4
Q2
2006 2007 2008 2009 2010 2010 2012 2013 2014 2015 2016 2017 2018
-15 -4
-30 -6
-45 -8

Table S13-2
Components of net lending / borrowing of government in the European Union
Taxes less Current taxes Social Compensation Gross fixed

Net property Net lending (+) /
subsidies on on income and contributions of employees capital Others
income borrowing (-)
production wealth less benefits paid (-) formation (-)
2006 Q1 11.7 -1.8 12.6 -2.0 -10.5 -3.2 -9.0 -2.2

Q2 11.7 -1.7 12.7 -2.0 -10.5 -3.1 -9.0 -1.9
Q3 11.7 -1.7 12.8 -1.9 -10.5 -3.1 -9.1 -1.8
Q4 11.7 -1.7 12.9 -1.9 -10.4 -3.2 -9.2 -1.7
2007 Q1 11.7 -1.6 13.0 -1.8 -10.3 -3.2 -9.2 -1.4
Q2 11.8 -1.6 13.0 -1.8 -10.3 -3.2 -9.1 -1.1
Q3 11.8 -1.6 13.1 -1.7 -10.2 -3.2 -9.1 -1.0
Q4 11.7 -1.6 13.2 -1.7 -10.2 -3.2 -9.0 -0.8
2008 Q1 11.6 -1.6 13.3 -1.7 -10.2 -3.3 -9.1 -1.0
Q2 11.5 -1.6 13.2 -1.7 -10.2 -3.3 -9.3 -1.4
Q3 11.4 -1.6 13.1 -1.7 -10.2 -3.4 -9.4 -1.8
Q4 11.3 -1.6 12.9 -1.8 -10.4 -3.4 -9.5 -2.4
2009 Q1 11.1 -1.5 12.8 -2.0 -10.6 -3.5 -9.7 -3.4
Q2 11.0 -1.5 12.6 -2.3 -10.8 -3.6 -10.0 -4.5
Q3 10.9 -1.5 12.3 -2.6 -11.0 -3.7 -10.2 -5.7
Q4 10.9 -1.6 12.1 -2.9 -11.1 -3.7 -10.4 -6.7
2010 Q1 11.0 -1.6 12.1 -3.1 -11.1 -3.7 -10.4 -6.9
Q2 11.1 -1.7 12.1 -3.1 -11.1 -3.6 -10.4 -6.6
Q3 11.3 -1.7 12.1 -3.1 -11.0 -3.6 -10.6 -6.6
Q4 11.3 -1.7 12.1 -3.1 -10.9 -3.5 -10.5 -6.4
2010 Q1 11.4 -1.7 12.2 -3.1 -10.8 -3.5 -10.3 -5.8
Q2 11.5 -1.8 12.2 -3.0 -10.7 -3.4 -10.2 -5.5
Q3 11.5 -1.8 12.3 -2.9 -10.7 -3.3 -9.9 -4.9
Q4 11.6 -1.9 12.3 -2.8 -10.6 -3.3 -9.9 -4.6
2012 Q1 11.7 -1.9 12.3 -2.9 -10.6 -3.2 -9.9 -4.4
Q2 11.7 -1.9 12.4 -2.9 -10.6 -3.2 -10.0 -4.4
Q3 11.7 -1.9 12.5 -3.0 -10.6 -3.1 -10.1 -4.4
Q4 11.9 -1.8 12.7 -3.1 -10.5 -3.1 -10.3 -4.3
2013 Q1 11.8 -1.7 12.7 -3.1 -10.5 -3.0 -10.3 -4.2
Q2 11.9 -1.6 12.8 -3.1 -10.5 -3.0 -10.3 -3.8
Q3 11.9 -1.6 12.9 -3.1 -10.5 -3.0 -10.3 -3.7
Q4 11.9 -1.5 12.9 -3.1 -10.5 -3.0 -10.0 -3.3
2014 Q1 11.9 -1.6 12.9 -3.1 -10.4 -3.0 -10.0 -3.2
Q2 11.9 -1.6 12.9 -3.1 -10.4 -3.0 -9.9 -3.1
Q3 11.9 -1.6 12.9 -3.1 -10.4 -2.9 -9.8 -3.0
Q4 11.9 -1.5 12.9 -3.1 -10.3 -2.9 -9.8 -2.8
2015 Q1 11.9 -1.4 13.0 -3.1 -10.3 -2.9 -9.8 -2.7
Q2 11.9 -1.4 12.9 -3.1 -10.2 -2.9 -9.7 -2.6
Q3 11.9 -1.4 12.9 -3.1 -10.2 -2.9 -9.7 -2.4
Q4 12.0 -1.4 12.9 -3.0 -10.1 -2.9 -9.7 -2.2
2016 Q1 12.0 -1.4 12.9 -3.0 -10.1 -2.9 -9.7 -2.1
Q2 12.0 -1.3 12.9 -2.9 -10.1 -2.8 -9.6 -1.9
Q3 12.0 -1.3 12.9 -2.8 -10.1 -2.8 -9.6 -1.8
Q4 11.9 -1.3 13.0 -2.8 -10.1 -2.7 -9.6 -1.6
2017 Q1 11.9 -1.3 13.1 -2.7 -10.1 -2.7 -9.5 -1.3
Q2 12.0 -1.3 13.1 -2.6 -10.1 -2.7 -9.5 -1.2
Q3 12.0 -1.2 13.1 -2.5 -10.0 -2.8 -9.5 -1.0
Q4 12.0 -1.2 13.2 -2.5 -10.0 -2.8 -9.6 -0.9
2018 Q1 12.0 -1.2 13.2 -2.4 -10.0 -2.8 -9.6 -0.8
Q2 12.0 -1.1 13.2 -2.3 -10.0 -2.8 -9.5 -0.6
Q3 12.0 -1.1 13.3 -2.3 -10.0 -2.8 -9.5 -0.5
Q4 12.0 -1.1 13.3 -2.3 -10.0 -2.9 -9.6 -0.5
(:) Not available

Chart S13-3
Stock of financial assets, liabilities and net financial wealth of government, in the euro area
Liabilities in loans (-) Other liabilities (-) Liabilities in debt securities (-) Assets in shares and other equity
Other financial assets Assets in debt securities Assets in currency and deposits Net financial wealth (rigth scale)
60
-44
25
-50
-10
-56
-45
-62
-80
-68
-115
-74
-150
Q3
Q4
Q2
Q4
Q4
Q1
Q1
Q2
Q3
Q4
Q1
Q2
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q3
Q4
Q1
Q2
Q3
Q1
Q2
Q3
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: ECB
Table S13-3
Stock of financial assets, liabilities and net financial wealth of government, in the euro area
Assets in
Assets in debt Assets in shares Other financial Liabilities in debt Liabilities in Other liabilities Net financial
currency and
securities and other equity assets securities (-) loans (-) (-) wealth
deposits
2006 Q1 6.3 2.7 13.6 12.8 -59.0 -13.9 -10.9 -48.3

Q2 7.0 2.7 13.2 12.5 -58.2 -13.6 -10.9 -47.3
Q3 6.6 2.8 13.4 12.3 -58.3 -13.6 -10.8 -47.7
Q4 6.3 2.8 13.8 12.4 -56.6 -13.5 -11.2 -46.1
2007 Q1 6.4 2.8 14.0 12.2 -56.3 -13.4 -11.0 -45.3
Q2 7.4 2.9 14.5 12.0 -55.5 -13.1 -10.8 -42.7
Q3 6.8 3.1 14.2 11.8 -55.2 -12.9 -10.6 -42.8
Q4 6.3 3.0 14.6 12.2 -53.8 -12.9 -11.2 -41.9
2008 Q1 6.6 3.0 13.7 12.0 -54.8 -13.1 -11.1 -43.6
Q2 7.0 3.3 13.9 11.7 -53.7 -13.1 -11.1 -41.9
Q3 6.6 3.4 13.4 11.6 -54.7 -13.0 -10.8 -43.4
Q4 7.4 3.9 13.2 12.7 -59.0 -13.4 -11.2 -46.5
2009 Q1 8.8 4.0 12.9 12.8 -62.5 -13.7 -11.4 -49.0
Q2 9.5 4.3 13.8 13.3 -65.5 -14.2 -11.4 -50.3
Q3 8.9 4.4 14.7 13.6 -68.4 -14.4 -11.4 -52.5
Q4 8.3 4.3 14.8 13.5 -68.6 -14.5 -11.6 -53.9
2010 Q1 8.5 4.3 15.2 13.2 -70.7 -14.7 -11.4 -55.7
Q2 9.0 4.2 15.0 13.7 -71.3 -15.5 -11.5 -56.4
Q3 8.7 4.2 15.3 13.3 -72.0 -15.4 -12.1 -58.0
Q4 8.2 5.5 15.5 14.4 -70.0 -17.8 -12.3 -56.6
2011 Q1 8.4 5.1 15.6 14.3 -69.7 -17.9 -12.1 -56.3
Q2 9.1 5.0 15.3 14.5 -70.6 -17.7 -12.1 -56.6
Q3 8.2 5.0 14.7 14.4 -71.1 -18.0 -12.0 -59.0
Q4 8.1 4.9 14.8 14.5 -70.0 -18.6 -12.3 -58.6
2012 Q1 8.9 4.7 15.2 15.2 -72.6 -19.4 -12.7 -60.8
Q2 9.3 4.9 15.4 16.3 -73.3 -21.2 -12.7 -61.4
Q3 8.8 4.8 15.8 16.3 -75.3 -21.1 -13.0 -63.7
Q4 8.2 5.1 16.5 17.6 -77.0 -23.1 -13.1 -65.8
2013 Q1 8.6 5.3 16.8 18.0 -78.8 -23.1 -13.3 -66.5
Q2 9.4 5.2 16.6 18.4 -79.3 -23.4 -13.4 -66.6
Q3 8.6 5.1 16.9 18.0 -78.2 -23.2 -13.5 -66.5
Q4 7.8 5.1 17.5 18.6 -78.5 -23.7 -13.4 -66.6
2014 Q1 8.4 5.1 17.8 18.6 -81.4 -23.6 -13.5 -68.6
Q2 9.0 5.0 17.9 19.2 -83.6 -23.8 -14.0 -70.1
Q3 8.1 4.8 18.0 19.1 -84.1 -23.7 -13.8 -71.5
Q4 7.9 4.9 17.9 19.4 -84.6 -24.0 -13.8 -72.2
2015 Q1 8.7 4.8 18.5 18.9 -88.0 -23.1 -14.2 -74.4
Q2 8.9 4.6 18.0 18.7 -83.8 -22.5 -14.4 -70.4
Q3 8.6 4.5 17.5 18.6 -84.1 -22.5 -14.3 -71.7
Q4 8.0 4.4 17.7 18.5 -83.1 -22.6 -14.0 -71.1
2016 Q1 8.9 4.3 17.7 18.1 -85.9 -22.4 -14.1 -73.4
Q2 9.6 4.2 17.6 18.0 -86.5 -22.4 -14.1 -73.7
Q3 8.7 4.0 17.9 17.8 -85.9 -21.9 -14.2 -73.6
Q4 8.1 4.1 18.1 17.6 -83.1 -21.9 -13.7 -70.7
2017 Q1 8.7 3.9 18.3 17.5 -82.2 -21.4 -13.9 -69.0
Q2 9.3 3.8 18.2 17.9 -82.3 -21.3 -14.3 -68.7
Q3 9.4 3.7 18.3 17.6 -81.3 -21.0 -14.6 -67.9
Q4 8.5 3.6 18.3 17.6 -80.5 -20.8 -14.1 -67.3
2018 Q1 9.1 3.6 18.2 17.6 -80.8 -20.4 -14.4 -67.2
Q2 9.3 3.6 18.3 17.9 -79.6 -20.2 -14.7 -65.5
Q3 10.0 3.5 18.4 17.8 -78.7 -20.0 -15.1 -64.2
Q4 8.8 3.5 17.9 17.4 -78.0 -20.0 -14.3 -64.8
(:) Not available

Source: ECB

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in the euro area

S13-2 Components of net lending / borrowing of government in the European Union

Government Financial corporations Non-financial corporations Households

Sources: ECB and Eurostat.

Households 22.1 80.7 63.6 71.9 36.0 85.4 27.3

Government 14.6 11.8 21.9 23.3 3.3 -54.3 14.2

Sources: ECB and Eurostat

Government Financial corporations Non-financial corporations Households

Sources: ECB and Eurostat.

Non-financial Financial GVA at basic

2006 Q1 0.9 3.5 0.2 0.5 5.0

Government Financial corporations Non-financial corporations Households

Sources: ECB and Eurostat.

Non-financial Financial Net disposable

2006 Q1 2.8 0.6 0.0 2.5 5.9

(:) Not available

Sources: ECB and Eurostat.

Gross fixed Changes in

2006 Q1 3.6 2.1 1.0 2.9 -4.0 5.6

(:) Not available

Net exports Government Financial corporations Non-financial corporations Households

Sources: ECB and Eurostat.

2006 Q1 3.7 2.3 -0.1 0.9 -1.1 5.6

(:) Not available

Government Financial corporations Non-financial corporations Households

Sources: ECB and Eurostat.

Non-financial Financial Gross capital

2006 Q1 3.7 10.2 -0.6 0.8 14.1

(:) Not available

Current external balance Government Financial corporations

Sources: ECB and Eurostat.

Non-financial Financial Current external Net capital

2006 Q1 -8.9 8.1 0.5 23.9 18.1 41.6

(:) Not available

Government Financial corporations Non-financial corporations Households

Sources: ECB and Eurostat.

2006 Q1 1.4 -0.9 1.4 -2.2 -0.3

(:) Not available

Government Financial corporations Non-financial corporations Households

Sources: ECB and Eurostat.

Non-financial Financial Total European

2006 Q1 1.1 -0.8 0.9 -2.2 -1.1

(:) Not available

Government Financial corporations Non-financial corporations Households

Sources: ECB and Eurostat.

2006 Q1 135.5 -102.9 -2.0 -48.3 -17.7

(:) Not available

disposable income acquisition of financial wealth

(based on four-quarter-cumulated sums) (outstanding amounts)

consumption 18,398 currency and deposits 24,103

net financial wealth 47,567

Sources: ECB and Eurostat

Taxes (-) Net social benefits

Sources: ECB and Eurostat.

Gross operating Net property

2006 Q1 2.8 1.2 1.1 -0.1 -0.9 4.0

(:) Not available

gross disposable income: euro area (left-hand scale)

Sources: ECB and Eurostat.

2006 Q1 4.0 5.0 12.6 11.2

(:) Not available

Sources: ECB and Eurostat.