Quarterly National Sector Accounts
Net lending of the Portuguese economy moved from 2.4% of GDP in the 3rd quarter to 1.9%
- 4th Quarter 2014
26 March 2015
The Portuguese economy registered a net lending of 1.9% of GDP in the 4th quarter of 2014, 0.5 percentage points (p.p.) less than in the previous quarter. This reduction was determined by the decrease of the current savings of the economy, as a result of the decrease of 0.4% of Gross Disposable Income. The final consumption expenditure had a change rate of -0.1% in the year ended in the 3rd quarter of 2014 (0.7% in the previous quarter).
The net lending of Households decreased to 2.5% of GDP in the year ending in the 4th quarter of 2014 (1.3 p.p. less than in the previous quarter). The Households saving rate also declined, standing at 6.9%, due to the increase of final consumption expenditure of households and the reduction of disposable income (change rates of 0.6% and -0.8%, respectively, in the year ended in the 4th quarter of 2014). The balances of Non-Financial Corporations and Financial Corporations stood at, respectively, 0.6% and 3.3% of GDP in the 4th quarter of 2014 (0.7% and 2.3% in the previous quarter, in the same order).
The net borrowing of the General Government (GG) increased from 4.4% of GDP in the 3rd quarter to 4.5% in the year ending in the 4th quarter of 2014. For the year 2013, the net lending of GG was 4.8% of GDP.
Press release - complete version