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Net lending of the Portuguese economy decreased to 0.3% of GDP
Quarterly National Sector Accounts
Net lending of the Portuguese economy decreased to 0.3% of GDP - 3rd Quarter 2019
23 December 2019

Summary


The Portuguese economy registered a net lending of 0.3% of Gross Domestic Product (GDP) in the year ending in the third quarter of 2019 (0.5% in the second quarter of 2019). This result was determined by the more negative balance of goods and services transactions with the Rest of the World.
Gross Saving of the Portuguese economy and Gross Capital Formation (GCF) recorded rates of change of 1.5% and 2.2%, respectively, in the third quarter of 2019.The investment rate in the sector of Non-Financial Corporations reached 25.8% (0.1 percentage points more than in the previous quarter).
The net lending of Households slightly increased to 1.2% of GDP in the third quarter 2019, 0.1 percentage points more than in the previous quarter. The saving rate increased to 6.2% of disposable income, mainly reflecting the 0.9% increase in disposable income, 0.2 percentage points higher than the increase in final consumption expenditure.
As a percentage of GDP, the balance of General Government (GG) was nil in the year ending in the third quarter of 2019. Taking as reference the quarterly figures and not the year ending in the quarter, the GG balance was positive in the third quarter of 2019, standing at around 2 461.3 million euros (4.6% of GDP), comparing with 5.4% in the same period of the previous year. In the first three quarters of 2019, the GG balance was 1.0% of GDP (0.4% in the same period of the previous year).


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