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Statistical Press Release – National financial accounts - 3rd quarter of 2019

Today, Banco de Portugal publishes, in Table A.6 of the Statistical Bulletin and in BPstat, national financial accounts data for the third quarter of 2019.


In the year ending in the third quarter of 2019, net lending of the Portuguese economy stood at 0.2 per cent of GDP (Chart 1).

This reflects net lending of financial corporations and households (3.0 and 1.2 per cent of GDP respectively), which exceeded net borrowing of non-financial corporations (4.1 per cent of GDP). Net lending of general government stood at 0.04 per cent of GDP over the same period of time.

Net financial assets of non-financial corporations, financial corporations and general government recorded a year-on-year increase of 4.2, 1.2 and 0.6 percentage points (p.p.) of GDP respectively. Net financial assets of households declined by 0.5 p.p. of GDP.

At the end of the third quarter of 2019, the Portuguese economy had a net financial position vis-à-vis the rest of the world of -101.5 per cent of GDP (Chart 2), compared to -107.0 per cent of GDP at the end of the third quarter of 2018.

Next update: 9 Apr. 2020


(1) Values as a percentage of GDP in the year ending in the quarter.

(2) Cumulative flows of the last four quarters.

(3) End-of-period outstanding amounts.