SYNTHESIS INE@COVID-19, 6 Jan-2021

January . 06 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 10/12 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Net lending capacity of the economy reduced to approximately zero In the year ended in the 3 rd quarter of 2020: • The economy’s net lending stood at 0.0% of Gross Domestic Product (GDP) (+0.9% in the previous quarter); • Nominal GDP fell by 1.0% (-3.3% in the previous quarter); • Gross National Income (GNI) declined by 0.8% (-2.7% in the previous quarter); • Gross Disposable Income (GDI) fell by 0.9% (-2.8% in the previous quarter). Net Lending(+) /Borrowing(-) by institutional sector (in % of GDP, accumulated sum of 4 quarters) Non-financial corporations Non-financial corporations net borrowing requirements in the year ended in the 3 rd quarter of 2020 stood at 2.2%of GDP (+1 percentage point (p.p.) compared with the previous quarter), mainly reflecting the reduction in Income Tax (19.6%) and Gross Capital Formation (2.4%). Gross Fixed Capital Formation (GFCF) increased by 0.2%, and the investment rate (GFCF/GVA) stood at 25.8% (+0.5 p.p. than in the previous quarter). Financial corporations The net lending capacity of financial corporations was set at 1.9% of GDP (the same figure in the previous quarter). -3.2% 1.9% -1.9% 4.0% 0.9% -2.2% 1.9% -4.0% 4.3% 0.0% -5.0% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% Non-Financial Corpora � ons Financial Corpora � ons General Government Household and NPISH Total Economy 2 nd Quarter 2020 3 rd Quarter 2020

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