Statistics Portugal - Web Portal
Official Portal - Statistics Portugal
      
 

Net lending of the Portuguese economy increased to 0.9% of GDP
Quarterly National Sector Accounts
Net lending of the Portuguese economy increased to 0.9% of GDP - 3rd Quarter 2016
23 December 2016

Summary

The Portuguese economy registered a net lending of 0.9% of the Gross Domestic Product (GDP) in the year ending in the third quarter of 2016, 0.1 percentage points (p.p.) more than in the previous quarter. Gross savings decreased by 1.2%, with final consumption expenditure (0.7%) growing more than the Gross Disposable Income (0.4%). Gross National Income (GNI) increased less than GDP (0.5% and 0.7% in the third quarter of 2016, respectively), reflecting the deterioration of the balance of property income with the Rest of the World.
Households’ saving rate stood at 4.0%, 0.1 p.p. more than in the previous quarter, reflecting a slightly higher increase in disposable income compared to final consumption expenditure (0.8% and 0, 7%, respectively). The net lending of Households rose from 0.6% to 0.8% of GDP in the third quarter of 2016, while balances of Non-Financial Corporations and Financial Corporations stabilized at 0.4% and 3.3% of GDP, respectively.
The General Government’s (GG) net borrowing increased from 3.5% of GDP in the year ending in the second quarter of 2016 to 3.6%. This increase was due to the combined effect of a 0.1% reduction in revenue and a 0.3% increase in expenditure. Taking into account quarterly figures and not the year ending in the quarter, the GG balance stood at  -812.9 million Euros in the third quarter of 2016, corresponding to -1,7% of GDP. In the first three quarters of 2016, the GG balance was -2.5% of GDP (-3.4% in the same period of the previous year).


Press release
Download the document PDF (475 Kb)
Tables
Excel Excel (339 Kb)
Excel Excel (332 Kb)
Excel Excel (410 Kb)
ZIP CSV (34 Kb)
ZIP CSV (36 Kb)
ZIP CSV (65 Kb)