This press release presents the Symmetric Input-Output Matrices for the Portuguese economy regarding 2017.
According to the baseline hypothesis and results of this system, each additional euro of expenditure on the main four aggregates of final demand aggregates generates the following impacts, in the same direction as the initial euro change:
• Final Consumption Expenditure of Households: 24 cents of imports and 76 cents of GDP;
• Final Consumption Expenditure of General Government: 10 cents of imports and 90 cents of GDP;
• Gross Fixed Capital Formation: 37 cents of imports and 63 cents of GDP;
• Exports: 44 cents of imports and 56 cents of GDP.
Illustrating the use of this analytic instrument to simulate a significant contraction in Tourism (as defined by the respective Satellite Account), which is particularly affected by the COVID-19 pandemic, an hypothetical annual decrease of 25% in Tourism expenditures in national territory would lead to a 2.9% nominal decrease of GDP.