Quarterly Sector Accounts - 3. quarter of 2024

Non-financial corporations: the profit rate decreased, q-o-q

The profit rate in the Q3 2024 was 45.9%, which is by 0.5 percentage point less, quarter-on-quarter, and by 0.7 p. p.¹ less, year-on-year. The total labour costs of non-financial corporations increased by 6.7%¹, y-o-y. The investment rate decreased by 0.2 p. p., q-o-q, and reached 26.6%. It decreased by 1.5 p. p.¹, year-on-year.

Households: both the income and consumption increased

“In the Q3 2024, the expenditure of households increased by 3.3%, y-o-y, and their income increased by 2.5%, y-o-y,” Vladimír Kermiet, Director of the National Accounts Department of the Czech Statistical Office (CZSO), said.

The total of real monetary and non-monetary income of households per capita increased by 0.3%, q-o-q, in the Q3 2024; in the y-o-y comparison, it increased by 2.5%¹.

Household real consumption per capita increased by 0.7%, q-o-q; in the year-on-year comparison, it increased by 3.3%¹.

The average monthly income from employment reached CZK 48 116¹ in the Q3 2024. It increased in real terms by 1.3%, q-o-q; in the y-o-y comparison, it increased by 3.5%¹.

The household saving rate was 18.8% in the Q3 2024, which is by 0.1 p. p. less compared to the previous quarter and by 0.7 p. p. less in the year-on-year comparison.

The investment rate in the household sector stagnated, q-o-q, and reached 11.1%. In the year-on-year comparison, the investment rate of households increased by 0.1 p. p.¹

GDP estimate refinement

At the same time, the gross domestic product (GDP) estimate has been refined. The GDP increased in the Q3 2024 by 0.5%, q-o-q, and in the year-on-year comparison by 1.4%. For the time series of GDP resources and uses see: Gross domestic product - time series | Products (gov.cz).