Press Releases


Quarterly National Sector Accounts
Net borrowing of the Portuguese economy decreased significantly - 3rd Quarter 2012
28 December 2012


The net borrowing of the Portuguese economy decreased to 0.7% of GDP in the year ending in the 3rd quarter of 2012 (2.1% in the previous quarter).
In the case of households, there was an increase of net lending from 5.0% to 5.9% of GDP, mainly associated with the growth of current savings. Reflecting a strong reduction in consumption, the household savings rate reached 11.2%, 1.1 percentage points (p.p.) more than the observed in the year ended in the 2nd quarter.
The net borrowing of non-financial corporations was 3.7% of GDP, decreasing by 0.6 p.p., mainly reflecting the contraction of both investment and compensations of employees. Financial corporations recorded a net lending of 0.6% of GDP, 0.2 p.p. lower than the observed in the previous quarter.
In the first three quarters of 2012 the General government’s net borrowing stood at 5.6% of GDP, while in the same period of 2011 it was 6.7%.
The decrease in Unit labour costs accentuated, mainly as a result of the decline in the average pay per worker and the increase of productivity.

Press release - complete version
Download the document PDF (163 Kb)
Press release - tables
Excel Excel (278 Kb)
Excel Excel (261 Kb)
Excel Excel (327 Kb)
CSV CSV (25 Kb)
CSV CSV (27 Kb)
CSV CSV (51 Kb)

Login for subscription

                            Em conformidade com o nível 'AA' das WCAG 1.0 do W3C
CSE AELA SICAE SEE - Sistema Estatico Europeu ESS Vision 2020   UE - Fundo Europeu de Desenvolvimento Regional POCI Complete 2020 Portugal 2020