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Boletim Estatístico de Março de 2015 - bportugal.pt · BOLETIM ESTATÍSTICO | 2015 • Banco de Portugal Av. Almirante Reis, 71 | 1150-012 Lisboa • • Edição Departamento de

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BOLETIM ESTATSTICOStatistical Bulletin 3|2015

Lisboa, 2015 www.bportugal.pt

BOLETIM ESTATSTICO | 2015 Banco de Portugal Av. Almirante Reis, 71 | 1150-012 Lisboa www.bportugal.pt Edio

Departamento de Estatstica Design, impresso, acabamento e distribuio Departamento de Servios de Apoio

O Boletim Estatstico foi redigido segundo o novo Acordo Ortogrfico.

Acesso online atravs da Internet Base de Dados Estatstica Interativa do Banco de Portugal O BPstat | Estatsticas online corresponde a um sistema de acesso online atravs da Internet Base de Dados Estatstica Interativa do Banco de Portugal, possibilitando a difuso de estatsticas relevantes sobre a economia portuguesa, estando disponvel em verso portuguesa e inglesa.

O seu objetivo principal consiste em facultar um acesso fcil e clere s sries estatsticas produzidas pelo Banco de Portugal e s principais estatsticas e indicadores econmicos da responsa-bilidade de outras instituies.

Este servio disponibiliza, alm de um conjunto alargado de informao estatstica (dados e metainformao), diversas fun-cionalidades que permitem aos utilizadores personalizar e utilizar este sistema de uma forma interativa.

O acesso ao BPstat | Estatsticas online pode ser efetuado atravs da pgina principal do stio do Banco de Portugal na Internet www.bportugal.

A informao estatstica encontra-se acessvel sob duas formas: sries cronolgicas e explorao multidimensional.

A vertente cronolgica disponibiliza a informao estatstica de uma forma estruturada a partir de uma rvore de domnios estatsticos.

A vertente multidimensional disponibiliza a informao estats-tica cruzando as diversas dimenses de anlise dos domnios estatsticos.

Todos os domnios estatsticos esto disponveis na vertente cronolgica e na vertente multidimensional, sendo que, pela sua natureza, esta ltima permite uma explorao mais detalhada dos dados estatsticos.

Os utilizadores podem aceder a quadros predefinidos ou constru-ir os seus prprios quadros, podendo para cada domnio selecio-nar as dimenses pretendidas (por exemplo: tipo de operao, setor de atividade econmica, setor institucional e territrio) e, dentro de cada uma das dimenses, os respetivos membros (por exemplo: Frana e Espanha na dimenso territrio). Os dados podem ser visualizados sob a forma de grficos na vertente mul-tidimensional, podendo proceder-se respetiva impresso ou, ainda, efetuar a exportao dos quadros e da metainformao associada para uma folha de clculo.

Os utilizadores podem guardar e aceder a quadros estatsticos que tenham sido previamente construdos, atravs da funcionalidade Favoritos. Tal permite, nos acessos posteriormente efetuados, visualizar de forma imediata as atualizaes das estatsticas selecionadas. ainda possvel criar Alertas, o que permite a receo de um aviso atravs de e-mail de todas as atualizaes sobre a informao escolhida pelo utilizador.O registo necessrio para beneficiar destas funcionalidades. Aps o registo as mesmas ficam disponveis atravs da opo rea pessoal na barra superior.

Para qualquer esclarecimento adicional sobre a utilizao deste servio do Banco de Portugal poder recorrer aos seguintes contactos: e-mail: [email protected] ou telefone: +351 21 313 0320.

Internet online access to the Banco de Portugal Statistical Interactive Data-baseBPstat | Statistics online is an Internet online access to the Banco de Portugal Statistical Interactive Database, providing relevant statistical information about the Portuguese economy, available on the Banco de Portugal: www.bportugal.pt.

The main purpose of this web-based information service is to make available an easy and quick access to the statistics compiled by Banco de Portugal, as well as to the statistics and economic indicators compiled by other institutions.

This service provides not only a wide range of statistical information (data and metadata), but there are also functionalities enabling personalised and interactive use of the system.

Statistical information is available in two formats: time series analysis and multidimensional analysis.

The time series analysis approach offers the possibility of exploring the data of the statistical domains organised in hierarchical structures.

The multidimensional analysis enables the possibility of combining several dimensions of the statistical domains.All the statistical domains are available in the Time series and in the multidimensional components. However, by its nature, the last allows a more detailed exploration of the statistical data.

In the multidimensional analysis, users may access predefined tables or proceed to the construction of personalised tables. It is possible for each domain to select the dimensions for analysis (i.e., Data Type, Resident Economic Activity, Institutional Sector and Territory) and, for each dimension, the respective members (i.e., France and Spain in the dimension Territory). Data may be visualised as a chart, printed or exported to a spreadsheet (data and/or metadata).

Users may save personalised statistical tables for future access via the Favourites option. This functionality leads to the immediate visualization of the selected statistical series duly updated. It is also possible to create Alerts messages, allowing the users to be notified by e-mail of updates relating to the subscribed data.

Access to the functionalities Favourites and Alerts requires registration. After registration, these functionalities become available under the option Personal area on the upper bar.For further information please read the Help or contact us via the e-mail address [email protected], or via the phone number: +351 21 313 0320.

BPstatEstatsticas online

Notas aos QuadrosOs quadros apresentados no Boletim Estatstico incluem dois tipos de notas:

Notas identificadas por letras, cujo texto informativo apre-sentado nas Notas explicativas, constantes do Captulo L.

Notas identificadas por nmeros ou outros smbolos, cujo texto informativo apresentado no final do prprio quadro.

Special Data Dissemination Standard (SDDS) PlusO Special Data Dissemination Standard (SDDS) Plus corresponde a um conjunto de indicadores estatsticos padronizados, criado pelo Fundo Monetrio Internacional (FMI) com o objetivo de reforar a transparncia, integridade, atualidade e qualidade da informao estatstica. Inclui informao sobre dados macroeconmicos, poltica de divulgao ao pblico, poltica de revises e metodologias subjacentes produo da informao estatstica.

A informao estatstica relativa a Portugal, abrangida pelo SDDS Plus, compilada pela Direo Geral do Oramento do Ministrio das Finanas, pelo Instituto Nacional de Estatstica, pela Euronext Lisboa e pelo Banco de Portugal.

O SDDS Plus sucede ao SDDS e o nvel mais exigente de difuso estatstica definido pelo FMI. Portugal foi um dos nove pases aderentes na data do seu lanamento, a 18 de novembro de 2014.

Portugal j pertencia, desde outubro de 1998, ao grupo de pases do SDDS. O SDDS foi criado em abril de 1996 pelo FMI com o objetivo de reforar a transparncia, integridade, atualidade e qualidade da informao estatstica, facilitando, assim, o acesso aos mercados de capitais internacionais.

O SDDS Plus segue o referencial de qualidade do FMI - Data Quality Assessment Framework (DQAF) - que permite definir uma metodologia de avaliao da qualidade da informao estatstica. O DQAF cobre os vrios aspetos da recolha, processamento e difuso de dados, por comparao com as boas prticas e os conceitos, definies e metodologias internacionalmente aceites.

Notes in the TablesThere are two types of notes to the tables in the Statistical Bulletin:

Notes identified by letters, and these will be found in the Explanatory notes in Chapter L.

Notes identified by figures or other characters, and these will be found at the bottom of the table.

Special Data Dissemination Standard (SDDS) PlusThe Special Data Dissemination Standard (SDDS) Plus is a set of standardised statistical indicators, created by the International Monetary Fund (IMF) with the purpose of strengthening the transparency, integrity, relevance and quality of statistical information. It includes information on macroeconomic indicators, dissemination and revision policies, as well as the methodology underlying the production of statistical information.

SDDS Plus statistical information pertaining to Portugal is compiled by the Directorate-General for Budget of the Ministry of Finance, Statistics Portugal, Euronext Lisboa and the Banco de Portugal.

The SDDS Plus substitutes the SDDS and is the most demanding data standard defined by the IMF. Portugal is one of the nine countries joining at its inception, on 18 November 2014.

Portugal was already a member of SDDS, a system the IMF created in April 1996 to facilitate the access to international capital markets.

The SDDS Plus follows the IMF quality standard the Data Quality Assessment Framework (DQAF) , which provides a methodology for the evaluation of quality for statistical data. The DQAF covers different aspects related to the collection, processing and data dissemination, assessing existing practices against best practices, including internationally accepted concepts, definitions and methodologies.

A. PRINCIPAIS INDICADORES

A.1 Contas nacionais | 21A.2 Indicadores de atividade econmica | 23A.3 Mercado de trabalho | 25A.4 Produtividade e custos laborais | 27A.5 Preos | 29A.6 Contas financeiras | 31A.7 Agregados monetrios | 33A.8 Operaes de poltica monetria | 35A.9 Emprstimos e depsitos bancrios | 37A.10 Taxas de juro bancrias - Emprstimos e depsitos | 39A.11 Emprstimos concedidos pelo setor financeiro | 41A.12 Mercados financeiros | 43A.13 Taxas de cmbio | 45A.14 Finanas pblicas | 47A.15 Dvida e fi nanciamento das administraes pblicas | 49A.16 Balana de pagamentos | 51A.17 Comrcio internacional de bens e servios | 53A.18 Posio de investimento internacional | 55A.19 Empresas no financeiras da central de balanos | 57A.20 Endividamento do setor no financeiro | 59A.21 Agregados de crdito total ao setor no financeiro residente, exceto administraes pblicas | 61

B. ESTATSTICAS MONETRIAS E FINANCEIRAS

B.0 Agregados monetrios e principais contrapartidas B.0.1 Agregados monetrios da rea do euro | 65B.0.2 Contribuio nacional para os agregados monetrios da rea do euro | 65B.0.3 Principais contrapartidas do M3 da rea do euro | 66B.0.4 Contribuio nacional para as principais contrapartidas do M3 da rea do euro | 66B.0.5 Agregados monetrios da rea do euro e contribuio nacional | 67

B.1 Sntese monetria

B.1.1 Sntese monetria - Ativo | 69B.1.1 Sntese monetria - Passivo | 69B.1.2 Contrapartida da variao dos passivos at 2 anos face ao setor no monetrio exceto administrao central | 70B.1.3 Agregados de crdito interno | 71B.1.4 Passivos at 2 anos face ao setor residente no monetrio (exceto administrao central) | 71B.1.5 Por memria: emprstimos cedidos por outras IFM em operaes de titularizao | 72

B.2 Sinopse do balano do Banco de Portugal

B.2.1 Sinopse do balano do Banco de Portugal | 73

B.2.2.1 Sinopse dos ativos do Banco de Portugal face a residentes | 73B.2.2.2 Sinopse dos passivos do Banco de Portugal face a residentes | 74B.2.3.1 Sinopse dos ativos do Banco de Portugal face a no residentes | 74B.2.3.2 Sinopse dos passivos do Banco de Portugal face a no residentes| 75

A. MAIN INDICATORS

A.1 National accounts | 22 A.2 Economic activity indicators | 24 A.3 Labour market | 26 A.4 Productivity and labour costs | 28 A.5 Prices | 30 A.6 Financial accounts | 32 A.7 Monetary aggregates | 34 A.8 Monetary policy operations | 36 A.9 Banking loans and deposits | 38 A.10 Banking interest rates - loans and deposits | 40 A.11 Loans granted by the financial sector | 42 A.12 Financial markets | 44 A.13 Exchange rates | 46 A.14 Public finances | 48 A.15 General government debt and financing | 50

A.16 Balance of payments | 52 A.17 External trade of goods and services | 54 A.18 International investment position | 56 A.19 Non-financial corporations from the central balance-sheet database | 58A.20 Non-financial sector indebteness | 60 A.21 Total credit granted to the non-financial sector, excluding general government | 62

B. MONETARY AND FINANCIAL STATISTICS

B.0 Monetary aggregates and main counterparts

B.0.1 Euro area monetary aggregates | 65B.0.2 National contribution for the euro area monetary aggregates | 65B.0.3 Main counterparts of euro area M3 | 66B.0.4 National contribution for the main counterparts of euro area M3 | 66B.0.5 Monetary aggregates of the euro area and national contribution | 67

B.1 Monetary survey

B.1.1 Monetary survey - Assets | 69B.1.1 Monetary survey - Liabilities | 69B.1.2 Counterparts to changes in liabilities up to 2 years vis--vis non-monetary sector except central government | 70B.1.3 Domestic credit aggregates | 71B.1.4 Liabilities up to 2 years vis--vis non-monetary resident sector (except central government ) | 71B.1.5 Memo items: loans sold by other MFI through securitisation | 72

B.2 Synopsis of balance sheet of the Banco de Portugal

B.2.1 Synopsis of balance sheet of the Banco de Portugal | 73B.2.2.1 Synopsis of assets of the Banco de Portugal vis--vis residents | 73B.2.2.2 Synopsis of liabilities of the Banco de Portugal vis--vis residents | 74B.2.3.1 Synopsis of assets of the Banco de Portugal vis--vis non-residents | 74B.2.3.2 Synopsis of liabilities of the Banco de Portugal vis--vis non-residents | 75

ndice Contents

B.2.4 Sinopse dos ativos e passivos do Banco de Portugal face a no residentes | 75

B.3 Balano das outras instituies financeiras monetrias

B.3.0 Balano consolidado das outras instituies financeiras monetrias (residentes) - Ativo | 77B.3.0 Balano consolidado das outras instituies financeiras monetrias (residentes) - Passivo | 77B.3.1 Ativos e passivos das outras instituies financeiras monetrias face a instituies financeiras monetrias | 78B.3.2.1 Ativos e passivos das outras instituies financeiras monetrias face a instituies financeiras no monetrias exceto sociedades de seguros e fundos de penses | 78B.3.2.2 Ativos e passivos das outras instituies financeiras monetrias face a sociedades de seguros e fundos de penses | 79B.3.3.1 Ativos e passivos das outras instituies financeiras monetrias face administrao central | 79B.3.3.2 Ativos das outras instituies financeiras monetrias face s administraes pblicas exceto administrao central | 80B.3.3.3 Passivos das outras instituies financeiras monetrias face s administraes pblicas exceto administrao central | 80B.3.4 Ativos e passivos das outras instituies financeiras monetrias face a sociedades no financeiras | 81B.3.5 Ativos e passivos das outras instituies financeiras monetrias face a particulares | 81B.3.6 Ativos e passivos das outras instituies financeiras monetrias face a emigrantes | 82B.3.7.1 Ativos das outras instituies financeiras monetrias face a no residentes | 82B.3.7.2 Passivos das outras instituies financeiras monetrias face a no residentes | 83B.3.8 Ativos e passivos das outras instituies financeiras monetrias - Setor no especificado | 83B.3.9.1 Balano agregado do sistema bancrio - Atividade consolidada NIC/NCA | 84B.3.9.2 Demonstrao de resultados agregada do sistema bancrio - Atividade consolidada NIC/NCA | 84B.3.9.3 Balano agregado do sistema bancrio - Atividade consolidada NIC/NCA - Excluindo instituies com sede no offshore da Madeira | 85B.3.9.4 Demonstrao de resultados agregada do sistema bancrio - Atividade consolidada NIC/NCA - Excluindo instituies com sede no offshore da Madeira | 85

B.4 Detalhes dos ativos das outras instituies financeiras monetrias face a residentes

B.4.1.1 Emprstimos de outras instituies financeiras monetrias s instituies financeiras no monetrias | 87B.4.1.2 Emprstimos de outras instituies financeiras monetrias s administraes pblicas exceto administrao central | 87B.4.1.3 Emprstimos de outras instituies financeiras monetrias s sociedades no financeiras | 88B.4.1.4 Emprstimos de outras instituies financeiras monetrias a particulares | 88B.4.1.5 Emprstimos de outras instituies financeiras monetrias a particulares por finalidade | 89B.4.2.1 Emprstimos de outras instituies financeiras monetrias a sociedades no financeiras | 90B.4.2.2 Emprstimos de outras instituies financeiras

B.2.4 Synopsis of assets and liabilities of the Banco de Portugal vis--vis non-residents | 75

B.3 Balance sheet of the other monetary financial institutions

B.3.0 Other (resident) monetary financial institutions consolidated balance sheet - Assets | 77B.3.0 Other (resident) monetary financial institutions consolidated balance sheet - Liabilities | 77B.3.1 Assets and liabilities of other monetary financial institutions vis--vis monetary financial institutions | 78B.3.2.1 Assets and liabilities of other monetary financial institutions vis--vis non-monetary financial institutions except insurance cxorporations and pension funds | 78

B.3.2.2 Assets and liabilities of other monetary financial institutions vis--vis insurance corporations and pension funds | 79B.3.3.1 Assets and liabilities of other monetary financial institutions vis--vis central government | 79B.3.3.2 Assets of other monetary financial institutions vis--vis general government except central government | 80

B.3.3.3 Liabilities of other monetary financial institutions vis--vis general government except central government | 80B.3.4 Assets and liabilities of other monetary financial institutions vis--vis non-financial corporations | 81B.3.5 Assets and liabilities of other monetary financial institutions vis--vis private individuals | 81B.3.6 Assets and liabilities of other monetary financial institutions vis--vis emigrants | 82B.3.7.1 Assets of other monetary financial institutions vis--vis non-residents | 82B.3.7.2 Liabilities of other monetary financial institutions vis--vis non-residents | 83B.3.8 Assets and liabilities of other monetary financial institutions - Non-specified sector | 83B.3.9.1 Aggregated balance sheet of the banking system - Consolidated activity IAS/AAS | 84B.3.9.2 Profit and loss account of the banking system - Consolidated activity IAS/AAS | 84B.3.9.3 Aggregated balance sheet of the banking system - Consolidated activity IAS/AAS - Excluding institutions with head office in Madeira offshore | 85B.3.9.4 Profit and loss account of the banking system - Consolidated activity IAS/AAS - Excluding institutions with head office in Madeira offshore | 85

B.4 Details of the assets of other monetary financial institutions vis--vis residents

B.4.1.1 Loans of other monetary financial institutions to non- monetary financial institutions | 87B.4.1.2 Loans of other monetary financial institutions to general government except central government | 87

B.4.1.3 Loans of other monetary financial institutions to non-financial corporations | 88B.4.1.4 Loans of other monetary financial institutions to private individuals | 88B.4.1.5 Loans of other monetary financial institutions to private individuals by purpose | 89B.4.2.1 Loans of other monetary financial institutions to non- financial corporations | 90B.4.2.2 Loans of other monetary financial institutions to non-

monetrias a sociedades no financeiras da indstria transformadora | 91 B.4.2.3 Emprstimos de outras instituies financeiras monetrias a sociedades no financeiras por ramo de atividade | 92B.4.3 Ativos em moeda estrangeira de outras instituies financeiras monetrias face ao setor no monetrio | 93B.4.4 Emprstimos de outras instituies financeiras monetrias a sociedades no financeiras e particulares | 93

B.5 Detalhes dos passivos das outras instituies financeiras monetrias face a residentes

B.5.1.1 Depsitos e equiparados de instituies financeiras no monetrias exceto sociedades de seguros e fundos de penses em outras instituies financeiras monetrias | 95B.5.1.2 Depsitos e equiparados de sociedades de seguros e fundos de penses em outras instituies financeiras monetrias | 95B.5.1.3 Depsitos e equiparados da administrao central em outras instituies financeiras monetrias | 96

B.5.1.4 Depsitos e equiparados das administraes pblicas exceto administrao central em outras instituies financeiras monetrias | 96B.5.1.5 Depsitos e equiparados de sociedades no financeiras em outras instituies financeiras monetrias | 97B.5.1.6 Depsitos e equiparados de particulares em outras instituies financeiras monetrias | 97

B.5.2 Depsitos e equiparados em moeda estrangeira do setor no monetrio em outras instituies financeiras monetrias | 98B.5.3.1 Depsitos e equiparados de instituies financeiras no monetrias, sociedades no financeiras e particulares em outras IFM | 98B.5.3.2 Depsitos e equiparados de emigrantes em outras instituies financeiras monetrias | 99

B.6 Detalhes dos ativos e passivos de outras instituies financeiras monetrias face a no residentes B.6.1.1 Ativos e passivos das outras instituies financeiras monetrias face a instituies financeiras monetrias no residentes | 101B.6.1.2 Ativos e passivos das outras instituies financeiras monetrias face ao setor no monetrio no residente | 101B.6.2 Ativos e passivos das outras instituies financeiras monetrias face a no residentes | 102B.6.3.1 Ativos das outras instituies financeiras monetrias face a instituies financeiras monetrias no residentes | 102B.6.3.2 Passivos das outras instituies financeiras monetrias face a instituies financeiras monetrias no residentes | 103B.6.3.3 Ativos das outras instituies financeiras monetrias face ao setor no monetrio no residente | 103B.6.3.4 Passivos das outras instituies financeiras monetrias face ao setor no monetrio no residente | 104

B.7 Taxas de juro e rendibilidade das instituies financeiras monetrias

B.7.0 Taxas de juro diretoras do BCE | 105

financial corporations of the manufacturing industry | 91 B.4.2.3 Loans of other monetary financial institutions to non- financial corporations by branch of activity | 92

B.4.3 Assets denominated in foreign currency of other monetary financial institutions vis--vis non-monetary sector | 93B.4.4 Loans of other monetary financial institutions to non- financial corporations and to private individuals | 93

B.5 Details of the liabilities of other monetary financial institutions vis--vis residents

B.5.1.1 Deposits and deposit-like instruments of non-monetary financial institutions except insurance corporations and pension funds with other monetary financial institutions | 95B.5.1.2 Deposits and deposit-like instruments of insurance corporations and pension funds with other monetary financial institutions | 95B.5.1.3 Deposits and deposit-like instruments of central government with other monetary financial institutions | 96B.5.1.4 Deposits and deposit-like instruments of general government except central government with other monetary financial institutions | 96B.5.1.5 Deposits and deposit-like instruments of non-financial corporations with other monetary financial institutions | 97B.5.1.6 Deposits and deposit-like instruments of private individuals with other monetary financial institutions | 97B.5.2 Foreign currency deposits and deposit-like instruments of non-monetary sector with other monetary financial institutions | 98B.5.3.1 Deposits and deposit-like instruments of non-monetary financial institutions, non-financial corporations and private individuals with other MFI | 98B.5.3.2 Deposits and deposit-like instruments of emigrants with other monetary financial institutions | 99

B.6 Details of the assets and liabilities of other monetary financial institutions vis--vis non-residents

B.6.1.1 Assets and liabilities of other monetary financial institu tions vis--vis non-resident monetary financial institutions | 101B.6.1.2 Assets and liabilities of other monetary financial institutions vis--vis non-resident non-monetary sector | 101B.6.2 Assets and liabilities of other monetary financial institutions vis--vis non-residents | 102B.6.3.1 Assets of other monetary financial vis--vis non-resi dent monetary financial institutions | 102

B.6.3.2 Liabilities of other monetary financial institutions vis--vis non-resident monetary financial institutions | 103B.6.3.3 Assets of other monetary financial institutions vis--vis non-resident non-monetary sector | 103B.6.3.4 Liabilities of other monetary financial institutions vis--vis non-resident non-monetary sector | 104

B.7 Monetary financial institutions interest rates and profitability

B.7.0 Key ECB interest rates | 105

B.7.1.1 Taxas de juro sobre novas operaes de emprstimos concedidos por instituies financeiras monetrias a residentes na rea do euro | 106B.7.1.2 Montantes de novas operaes de emprstimos

concedidos por instituies financeiras monetrias a residentes na rea do euro | 107B.7.1.3 Taxas de juro sobre novas operaes de depsitos com prazo acordado de residentes na rea do euro em instituies financeiras monetrias | 108B.7.1.4 Montantes de novas operaes de depsitos com prazo acordado de residentes na rea do euro em instituies financeiras monetrias | 108B.7.1.5 Taxas de juro de saldos de emprstimos concedidos por instituies financeiras monetrias a residentes na rea do euro | 109B.7.1.6 Saldos de emprstimos concedidos por instituies financeiras monetrias a residentes na rea do euro | 109B.7.1.7 Taxas de juro de saldos de depsitos com prazo acordado de residentes na rea do euro em instituies financeiras monetrias | 110B.7.1.8 Saldos de depsitos com prazo acordado de residentes na rea do euro em instituies financeiras monetrias | 110B.7.2.1 Custos por natureza de outras instituies financeiras monetrias | 111B.7.2.2 Proveitos por natureza de outras instituies financeiras monetrias | 112

B.8 Informao sobre instituies financeiras no monetrias

B.8.1.1.1 Balano agregado dos fundos de investimento portugueses - Por tipo de instrumento | 113B.8.1.1.2 Valor das unidades de participao emitidas por fundos de investimento, por poltica de investimento e tipo de fundo | 113B.8.1.1.3 Aplicaes dos fundos de investimento em ttulos - Por pas de residncia e setor institucional do emitente e tipo de ttulo | 114B.8.1.1.4 Responsabilidades dos fundos de investimento por unidades de participao emitidas - Por pas de residncia e setor institucional do investidor | 114B.8.1.2.1 Transaes dos fundos de investimento - Por tipo de instrumento | 115B.8.1.2.2 Transaes dos fundos de investimento em ttulos - Por pas de residncia e setor institucional do emitente e tipo de ttulo | 115

B.8.2.1.1 Balano dos outros intermedirios financeiros (exceto sociedades de seguros e fundos de penses) | 116B.8.2.1.2 Balano dos auxiliares financeiros | 116B.8.2.2.1 Ativos de outros intermedirios financeiros (exceto sociedades de seguros e fundos de penses) e auxiliares financeiros sob a forma de depsitos e outras aplicaes similares | 117B.8.2.2.2 Ttulos em carteira de outros intermedirios financeiros (exceto sociedades de seguros e fundos de penses) e auxiliares financeiros | 117B.8.2.2.3 Crditos concedidos por outros intermedirios financeiros (exceto sociedades de seguros e fundos de penses) e auxiliares financeiros | 118B.8.2.2.4 Ativos diversos de outros intermedirios financeiros (exceto sociedades de seguros e fundos de penses) e auxiliares financeiros | 118B.8.2.2.5 Passivos de outros intermedirios financeiros (exceto sociedades de seguros e fundos de penses) e auxiliares financeiros sob a forma de emprstimos e outros recursos similares | 119B.8.2.2.6 Capital e reservas de outros intermedirios financeiros (exceto sociedades de seguros e fundos de penses) e auxiliares financeiros | 119B.8.2.2.7 Passivos diversos de outros intermedirios financeiros

B.7.1.1 Interest rates on new loans granted by monetary financial institutions to residents in the euro area | 106

B.7.1.2 New loans granted by monetary financial institutions to residents in the euro area | 107

B.7.1.3 Interest rates on new deposits with agreed maturity placed by residents in the euro area with monetary financial institutions | 108B.7.1.4 New deposits with agreed maturity placed by residents in the euro area with monetary financial institutions | 108B.7.1.5 Interest rates on outstanding amounts of loans granted by monetary financial institutions to residents in the euro area | 109B.7.1.6 Outstanding amounts of loans granted by monetary financial institutions to residents in the euro area | 109B.7.1.7 Interest rates on outstanding amounts of deposits with agreed maturity placed by residents in the euro area with monetary financial institutions | 110B.7.1.8 Outstanding amounts of deposits with agreed maturity placed by residents in the euro area with monetary financial institutions | 110B.7.2.1 Other monetary financial institutions operating costs | 111B.7.2.2 Other monetary financial institutions operating income | 112

B.8 Information on non-monetary financial institutions

B.8.1.1.1 Balance sheet of portuguese investment funds - By type of instrument | 113B.8.1.1.2 Investment fund shares/units issued broken down by investment policy and type of fund | 113

B.8.1.1.3 Assets of investment funds in securities - By country of residence and institutional sector of the issuer and type of security | 114B.8.1.1.4 Liabilities of investment funds by units issued - By country of residence and institutional sector of the investor | 114B.8.1.2.1 Transactions of investment funds - By type of instrument | 115B.8.1.2.2 Transactions of investment funds in securities - By country of residence and institutional sector of the issuer and type of security | 115B.8.2.1.1 Balance sheet of other financial intermediaries (except insurance corporations and pension funds) | 116B.8.2.1.2 Balance sheet of financial auxiliaries | 116B.8.2.2.1 Deposits and other similar investments of other financial intermediaries (except insurance corporations and pension funds) and financial auxiliaries | 117B.8.2.2.2 Securities held by other financial intermediaries (except insurance corporations and pension funds) and financial auxiliaries | 117B.8.2.2.3 Loans and advances granted by other financial intermediaries (except insurance corporations and pension funds) and financial auxiliaries | 118B.8.2.2.4 Other assets of other financial intermediaries (except insurance corporations and pension funds) and financial auxiliaries | 118B.8.2.2.5 Loans and other similar resources of other financial intermediaries (except insurance corporations and pension funds) and financial auxiliaries | 119B.8.2.2.6 Capital and reserves of other financial intermediaries (except insurance corporations and pension funds) and financial auxiliaries | 119B.8.2.2.7 Other liabilities of other financial intermediaries

(exceto sociedades de seguros e fundos de penses) e auxiliares financeiros | 120B.8.2.3.1 Desenvolvimento de resultados de outros intermedirios financeiros (exceto sociedades de seguros e fundos de penses) e auxiliares financeiros - Custos | 120B.8.2.3.2 Desenvolvimento de resultados de outros intermedirios financeiros (exceto sociedades de seguros e fundos de penses) e auxiliares financeiros - Proveitos | 121B.8.2.3.3 Desenvolvimento de resultados de outros intermedirios financeiros (exceto sociedades de seguros e fundos de penses) e auxiliares financeiros - Resultado de explorao | 122B.8.3 Balano das instituies financeiras cativas e prestamistas | 123

B.8.3.1 Sociedades gestoras de participaes sociais do setor financeiro | 123B.8.3.2.1.1 Balano agregado dos fundos e das sociedades de titularizao de crditos | 124B.8.3.2.1.2 Ativos titularizados por fundos e sociedades de titularizao de crditos | 124B.8.3.2.2.1 Transaes dos fundos e das sociedades de titularizao de crditos | 125B.8.3.2.2.2 Transaes de ativos titularizados por fundos e sociedades de titularizao de crditos | 125B.8.3.3 Outros intermedirios financeiros especializados na concesso de crdito | 126B.8.3.4 Intermedirios financeiros - Outros | 126

B.9 Informao estatstica da central de responsabilidades de crdito

B.9.1.1 Repartio territorial dos emprstimos concedidos a sociedades no financeiras | 127B.9.1.2 Repartio territorial dos rcios de crdito vencido das sociedades no financeiras | 127B.9.1.3 Repartio por ramo de atividade econmica dos emprstimos concedidos a sociedades no financeiras | 128B.9.1.4 Repartio por ramo de atividade econmica dos rcios de crdito vencido das sociedades no financeiras | 129B.9.1.5 Repartio por ramo de atividade econmica dos emprstimos concedidos a sociedades no financeiras da indstria transformadora | 130B.9.1.6 Repartio por ramo de atividade econmica dos rcios de crdito vencido das sociedades no financeiras da indstria transformadora | 131B.9.1.7 Percentagem de sociedades no financeiras por escales de crdito concedido | 132B.9.1.8 Endividamento mdio das sociedades no financeiras por escales de crdito concedido | 132B.9.1.9 Percentagem de sociedades no financeiras com crdito vencido por escales de crdito concedido | 133B.9.1.10 Rcio de crdito vencido das sociedades no financeiras por escales de crdito concedido | 133B.9.2.1 Emprstimos concedidos a particulares | 134

B.9.2.2 Rcio de crdito vencido dos particulares | 134

B.9.2.3 Emprstimos concedidos a particulares - Nmero de devedores | 135B.9.2.4 Percentagem de devedores do setor dos particulares com crdito vencido | 135B.9.2.5 Repartio territorial dos emprstimos concedidos a famlias - Total | 136B.9.2.6 Repartio territorial dos rcios de crdito vencido das famlias - Total | 136B.9.2.7 Repartio territorial dos emprstimos concedidos a famlias - Habitao | 137B.9.2.8 Repartio territorial dos rcios de crdito vencido das famlias - Habitao | 137B.9.2.9 Repartio territorial dos emprstimos concedidos a famlias - Consumo e outros fins | 138

(except insurance corporations and pension funds) and financial auxiliaries | 120B.8.2.3.1 Profit and loss account of other financial intermediaries (except insurance corporations and pension funds) and financial auxiliaries - Costs and losses | 120B.8.2.3.2 Profit and loss account of other financial intermediaries (except insurance corporations and pension funds) and financial auxiliaries - Income and gains | 121B.8.2.3.3 Profit and loss account of other financial intermediaries (except insurance corporations and pension funds) and financial auxiliaries - Operating profit/ loss | 122B.8.3 Balance sheet of captive financial institutions and money lenders | 123B.8.3.1 Financial holding companies | 123

B.8.3.2.1.1 Balance sheet of securitisation funds and corporations | 124

B.8.3.2.1.2 Securitised assets by securitisation funds and corporations | 124

B.8.3.2.2.1 Transactions of securitisation funds and corporations | 125

B.8.3.2.2.2 Transactions of securitised assets by securitisation funds and corporations | 125B.8.3.3 Other financial intermediaries engaged in lending | 126

B.8.3.4 Financial intermediaries - Other | 126

B.9 Central credit register statistical information

B.9.1.1 Breakdown of loans granted to non-financial corporations by region | 127B.9.1.2 Breakdown of overdue loans ratio of non-financial corporations by region | 127B.9.1.3 Breakdown of loans granted to non-financial corporations by branch of activity | 128B.9.1.4 Breakdown of overdue loans ratio of non-financial corporations by branch of activity | 129B.9.1.5 Breakdown of loans granted to non-financial corporations of the manufacturing industry by branch of activity | 130B.9.1.6 Breakdown of overdue loans ratio of non-financial corporations of the manufacturing industry by branch of activity | 131B.9.1.7 Breakdown of the percentage of non-financial corporations by bracket of credit amoun | 132B.9.1.8 Breakdown of average indebtedness of non-financial corporations by bracket of credit amount | 132B.9.1.9 Breakdown of the percentage of non-financial corporations with overdue loans by bracket of credit amount | 133B.9.1.10 Breakdown of overdue loans ratio of non-financial corporations by bracket of credit amount | 133B.9.2.1 Loans granted to households and non-profit institutions serving households | 134B.9.2.2 Overdue loans ratio of households and non-profit institutions serving households | 134B.9.2.3 Loans granted to households and non-profit institutions serving households - Number of borrowers | 135B.9.2.4 Percentage of borrowers in the households and non-profit institutions serving households sector with overdue loans | 135B.9.2.5 Breakdown of loans granted to households by region - Total | 136B.9.2.6 Breakdown of overdue loans ratio of households by region - Total | 136B.9.2.7 Breakdown of loans granted to households by region - Housing | 137B.9.2.8 Breakdown of overdue loans ratio of households by region - Housing | 137B.9.2.9 Breakdown of loans granted to households by region - Consumption and other purposes | 138

B.9.2.10 Repartio territorial dos rcios de crdito vencido das famlias - Consumo e outros fins | 138B.9.2.11 Repartio territorial dos emprstimos concedidos a famlias - Total - Nmero de devedores | 139B.9.2.12 Repartio territorial dos emprstimos concedidos a famlias - Habitao - Nmero de devedores | 139B.9.2.13 Repartio territorial dos emprstimos concedidos a famlias - Consumo e outros fins - Nmero de devedores | 140B.9.2.14 Percentagem de devedores do setor das famlias por escales de crdito concedido | 140B.9.2.15 Percentagem de devedores do setor das famlias com crdito vencido por escales de crdito concedido | 141B.9.2.16 Rcio de crdito vencido dos devedores do setor das famlias por escales de crdito concedido | 141

B.10 Mercados de ttulos

B.10.1.1 Ttulos emitidos - Total de aes e ttulos de dvida - Por prazo, moeda, mercado de emisso e setor institucional do emitente - Emisses lquidas | 143B.10.1.2 Ttulos emitidos por instituies financeiras monetrias - Total de aes e ttulos de dvida - Por prazo, moeda e mercado de emisso - Emisses lquidas | 143B.10.1.3 Ttulos emitidos por instituies financeiras no monetrias - Total de aes e ttulos de dvida - Por prazo, moeda, mercado de emisso e subsector institucional - Emisses lquidas | 144B.10.1.4 Ttulos emitidos por administraes pblicas - Total de ttulos de dvida - Por prazo, moeda, mercado de emisso e subsetor institucional - Emisses lquidas | 144B.10.1.5 Ttulos emitidos pelo setor no financeiro (exceto administraes pblicas) - Total de aes e ttulos de dvida - Por prazo, moeda e mercado de emisso - Emisses lquidas | 145B.10.1.6 Ttulos emitidos por ramo de atividade econmica - Total de aes e ttulos de dvida - Emisses lquidas | 145B.10.2.1 Ttulos emitidos - Total de aes e ttulos de dvida - Por prazo, moeda, mercado de emisso e setor institucional de emitente - Saldos em fim de ms | 146B.10.2.2 Ttulos emitidos por instituies financeiras monetrias - Total de aes e ttulos de dvida - Por prazo, moeda e mercado de emisso - Saldos em fim de ms | 146B.10.2.3 Ttulos emitidos por instituies financeiras no monetrias - Total de aes e ttulos de dvida - Por prazo, moeda, mercado de emisso e subsetor institucional - Saldos em fim de ms | 147 B.10.2.4 Ttulos emitidos por administraes pblicas - Total de ttulos de dvida - Por prazo, moeda, mercado de emisso e subsetor institucional - Saldos em fim de ms | 147B.10.2.5 Ttulos emitidos pelo setor no financeiro (exceto administraes pblicas) - Total de aes e ttulos de dvida - Por prazo, moeda e mercado de emisso - Saldos em fim de ms | 148B.10.2.6 Ttulos emitidos por ramo de atividade - Total de aes e ttulos de dvida - Saldos em fim de periodo | 148B.10.3.1 Indexantes | 149B.10.3.2 Taxas de juro de curto prazo (3 meses) e taxas de rendibilidade de longo prazo (10 anos) | 150B.10.3.3 Taxas de rendibilidade de obrigaes do tesouro | 150B.10.3.4 ndices de cotaes de aes | 151

C. ESTATSTICAS DA BALANA DE PAGAMENTOS E DA POSIO DE INVESTIMENTO INTERNACIONAL

C.0 Estatsticas da balana de pagamentos

C.0.1 Balana de pagamentos | 155

C.1 Balanas corrente e de capital

C.1.0.1 Balanas corrente e de capital | 157

B.9.2.10 Breakdown of overdue loans ratio of households by region - Consumption and other purposes | 138B.9.2.11 Breakdown of loans granted to households by region - Total - Number of borrowers | 139B.9.2.12 Breakdown of loans granted to households by region - Housing - Number of borrowers | 139B.9.2.13 Breakdown of loans granted to households by region - Consumption and other purposes - Number of borrowers | 140B.9.2.14 Breakdown of the percentage of borrowers in the households sector by bracket of credit amount | 140B.9.2.15 Breakdown of the percentage of borrowers in the households sector with overdue loans by bracket of credit amount | 141B.9.2.16 Breakdown of overdue loans ratio of borrowers in the households sector by bracket of credit amount | 141

B.10 Securities markets

B.10.1.1 Securities issued - Total shares and debt securities - By maturity, currency, issuance market and issuing sector - Net issues | 143B.10.1.2 Securities issued by monetary financial institutions - Total shares and debt securities - By maturity, currency and issuance market - Net issues | 143B.10.1.3 Securities issued by non-monetary financial institutions - Total shares and debt securities - By maturity, currency, issuance market and issuing sub-sector - Net issues | 144

B.10.1.4 Securities issued by the general government - Total debt securities - By maturity, currency, issuance market and issuing sub-sector - Net issues | 144B.10.1.5 Securities issued by non-financial corporations (other than the general government) - Total shares and debt securities - By maturity, currency and issuance market - Net issues | 145B.10.1.6 Securities issued by branch of activity - Total shares and debt securities - Net issues | 145B.10.2.1 Securities issued - Total shares and debt securities - By maturity, currency, issuance market and issuing sector - End-of-month figures | 146B.10.2.2 Securities issued by monetary financial institutions - Total shares and debt securities - By maturity, currency and issuance market - End-of-month figures | 146B.10.2.3 Securities issued by non-nonetary financial institutions - Total shares and debt securities - By maturity, currency, issuance market and issuing sector - End-of-month figures | 147B.10.2.4 Securities issued by the general government - Total debt securities - By maturity, currency, issuance market and issuing sector - End-of-month figures | 147B.10.2.5 Securities issued by non-financial corporations (other than the general government) - Total shares and debt securities - By maturity, currency and issuance market - End-of-month figures | 148B.10.2.6 Securities issued by branch of activity - Total shares and debt securities - Outstanding amounts | 148B.10.3.1 Reference rates | 149B.10.3.2 Short-term interest rates (3 months) and long-term yields (10 years) | 150B.10.3.3 Yield on treasury bonds | 150B.10.3.4 Share price indices | 151

C. BALANCE OF PAYMENTS AND INTERNATIONAL INVEST-MENT POSITION STATISTICS

C.0 Balance of payments statistics

C.0.1 Balance of payments | 155

C.1 Current and capital accounts

C.1.0.1 Current and capital accounts | 157

C.1.0.2 Balanas corrente e de capital - Sries ajustadas de sazonalidade | 158C.1.1.1 Balanas corrente e de capital - Principais componentes | 159C.1.1.2 Balanas corrente - Principais componentes | 159C.1.2.1 Balana de servios - Servios de transformao, manuteno e reparao | 160C.1.2.2 Balana de servios - Transportes | 160C.1.2.3 Balana de servios - Viagens e turismo, construo, servios de seguros e penses e servios financeiros | 161C.1.2.4 Balana de servios - Direitos e servios de telecomunicaes, informticos e de informao | 161C.1.2.5 Balana de servios - Outros servios fornecidos por empresas | 162C.1.2.6 Balana de servios - Servios pessoais, culturais e recreativos e bens e servios das administraes pblicas | 162C.1.3.1 Rendimento primrio | 163C.1.3.2 Rendimento primrio - Rendimentos de investimento direto | 163C.1.3.3 Rendimento primrio - Rendimentos de investimento de carteira | 164C.1.3.4 Rendimento primrio - Rendimentos de outro investimento e de ativos de reserva | 164C.1.4 Rendimento secundrio | 165C.1.5 Balana de capital | 165C.1.6 Transferncias com a Unio Europeia | 166C.1.7 Balana de pagamentos tecnolgica | 166

C.2 Balanafinanceira

C.2.0 Balana financeira - Principais componentes por instrumento financeiro | 167C.2.1 Balana financeira - Principais componentes | 168C.2.2 Balana financeira - Por setor institucional | 168C.2.3.1 Investimento direto - Por instrumento financeiro | 169C.2.3.2 Investimento direto - Principais setores institucionais | 170C.2.3.3 Investimento direto - Por tipo de relao entre empresas | 170

C.2.3.4 Investimento direto - Informao complementar de acordo com o princpio direcional | 171C.2.4.1 Investimento de carteira - Por instrumento financeiro | 171C.2.4.2 Investimento de carteira - Por setor institucional | 172C.2.4.3 Investimento de carteira - Participaes de capital e de fundos de investimento | 173C.2.4.4 Investimento de carteira - Ttulos de dvida de curto prazo | 173C.2.4.5 Investimento de carteira - Ttulos de dvida de longo prazo | 174C.2.5 Derivados financeiros e opes sobre aes concedidas a empregados | 174C.2.6.1 Outro investimento - Por instrumento financeiro | 175C.2.6.2 Outro investimento - Principais setores institucionais | 176C.2.7 Ativos de reserva - Por instrumento financeiro | 176

C.3 Posio de investimento internacional

C.3.0.1 Posio de investimento internacional - Principais componentes por instrumento financeiro | 177C.3.0.2 Posio de investimento internacional - Principais componentes por instrumento financeiro | 178C.3.1 Posio de investimento internacional - Por setor institucional | 179C.3.2 Posio de investimento internacional - Principais componentes | 180C.3.3.1 Investimento direto - Por instrumento financeiro | 180C.3.3.2 Investimento direto - Principais setores institucionais | 181C.3.3.3 Investimento direto - Por tipo de relao entre empresas | 181

C.3.3.4 Investimento direto - Informao complementar de acordo com o princpio direcional | 182C.3.4.1 Investimento de carteira - Por instrumento financeiro | 182C.3.4.2 Investimento de carteira - Por setor institucional | 183C.3.4.3 Investimento de carteira - Participaes de capital e de fundos de investimento | 184

C.1.0.2 Current and capital accounts - Seasonally adjusted series | 158

C.1.1.1 Current and capital accounts - Main items | 159C.1.1.2 Current account - Main items | 159C.1.2.1 Services account - Manufacturing, maintenance and repairs services | 160C.1.2.2 Services account - Transport | 160C.1.2.3 Services account - Travel, construction, insurance and pension services and financial services | 161C.1.2.4 Services account - Charges and telecommunications, computer and information services | 161C.1.2.5 Services account - Other business services | 162

C.1.2.6 Services account - Personal, cultural and recreational services and government goods and services | 162C.1.3.1 Primary income | 163C.1.3.2 Primary income - Direct investment income | 163C.1.3.3 Primary income - Portfolio investment income | 164

C.1.3.4 Primary income - Other investment income and reserve assets | 164C.1.4 Secondary income | 165C.1.5 Capital account | 165C.1.6 Transfers with the European Union | 166C.1.7 Technological balance of payments | 166

C.2 Financial account

C.2.0 Financial account - Main items by financial instrument | 167

C.2.1 Financial account - Main items | 168C.2.2 Financial account - By institutional sector | 168C.2.3.1 Direct investment - By financial instrument | 169C.2.3.2 Direct investment - Main institutional sectors | 170C.2.3.3 Direct investment - By type of relationship between enterprises | 170C.2.3.4 Direct investment - Addicional information according to directional principle | 171C.2.4.1 Portfolio investment - By financial instrument | 171C.2.4.2 Portfolio investment - By institutional sector | 172C.2.4.3 Portfolio investment - Equity and investment fund shares | 173

C.2.4.4 Portfolio investment - Short-term debt securities | 173C.2.4.5 Portfolio investment - Long-term debt securities | 174C.2.5 Financial derivatives and employee stock options| 174

C.2.6.1 Other investment - By financial instrument | 175C.2.6.2 Other investment - Main institutional sectors | 176C.2.7 Reserve assets - By financial instrument | 176

C.3 International investment position

C.3.0.1 International investment position - Main items by financial instrument | 177C.3.0.2 International investment position - Main items by financial instrument | 178C.3.1 International investment position - By institutional sector | 179

C.3.2 International investment position - Main items | 180

C.3.3.1 Direct investment - By financial instrument | 180C.3.3.2 Direct investment - Main institutional sectors | 181C.3.3.3 Direct investment - By type of relationship between enterprises | 181C.3.3.4 Direct investment - Addicional information according to directional principal | 182C.3.4.1 Portfolio investment - By financial instrument | 182C.3.4.2 Portfolio investment - By institutional sector | 183C.3.4.3 Portfolio investment - Equity and investment fund shares | 184

C.3.4.4 Investimento de carteira - Ttulos de dvida de curto prazo | 184C.3.4.5 Investimento de carteira - Ttulos de dvida de longo prazo | 185C.3.5 Derivados financeiros e opes sobre aes concedidas a empregados | 185C.3.6.1 Outro investimento - Por instrumento financeiro | 186C.3.6.2 Outro investimento - Principais setores institucionais | 187C.3.7 Ativos de reserva - Por instrumento financeiro | 187

C.4 Dvida externa

C.4.0.1 Dvida externa bruta - Por setor institucional e instrumento financeiro | 189C.4.0.2 Dvida externa lquida - Por setor institucional e instrumento financeiro | 190

D. ESTATSTICAS CAMBIAIS

D.1 Taxas de cmbio

D.1 Taxas de converso irrevogveis para o euro | 193D.1.1 Taxas de cmbio de referncia do euro - Valores mdios | 193D.1.1.1 Taxas de cmbio de referncia do euro - Valores mdios | 194D.1.1.2 Taxas de cmbio de referncia do euro - Fim de perodo | 195D.1.2.1 Direito de saque especial - Ouro - Valores mdios | 197D.1.2.2 Taxas de cmbio efetivas do euro - Valores mdios | 197D.1.2.3 ndices cambiais efetivos para Portugal - Valores mdios | 198D.1.2.4 Direito de saque especial - Ouro - Fim de perodo | 198D.1.3 Taxas de cmbio do euro em relao a outras moedas - Valores de referncia - Fim de perodo | 199

D.2 Atividade nos mercados de cmbios e de produtos derivados

D.2.1 Transaes no mercado de cmbios - Global | 203D.2.2 Transaes no mercado de cmbios - Euro contra outras moedas | 203D.2.3 Transaes no mercado de cmbios - Euro contra o dlar dos EUA | 204D.2.4 Transaes no mercado de cmbios - Euro contra a libra esterlina | 204D.2.5 Transaes de derivados sobre taxas de juro de uma s moeda - Global | 205D.2.6 Transaes de derivados sobre taxas de juro de uma s moeda - Euro | 205

E. ESTATSTICAS DAS FINANAS PBLICAS

E.1 Financiamento das administraes pblicas

E.1.1 Financiamento das administraes pblicas | 209E.1.2 Financiamento da administrao central | 210E.1.2.1 Financiamento do Estado | 210E.1.2.2 Financiamento dos servios e fundos autnomos | 211E.1.3 Financiamento da administrao regional e local | 212E.1.3.1 Financiamento da administrao regional | 212E.1.3.2 Financiamento da administrao local | 213E.1.4 Financiamento dos fundos de segurana social | 213E.1.5 Dvida direta do Estado | 214

E.2 Receitas e despesas do Estado e da segurana social

E.2.1 Receitas e despesas do Estado | 215E.2.2 Receitas e despesas da segurana social | 216

E.3 Capacidade/necessidade lquida de financiamento e dvida das administraes pblicas

E.3.1 Capacidade (+) / necessidade (-) de financiamento

C.3.4.4 Portfolio investment - Short-term debt securities | 184C.3.4.5 Portfolio investment - Long-term debt securities | 185C.3.5 Financial derivatives and employee stock options | 185

C.3.6.1 Other investment - By financial instrument | 186C.3.6.2 Other investment - Main institutional sectors | 187C.3.7 Reserve assets - By financial instrument | 187

C.4 External debt

C.4.0.1 Gross external debt position - By institutional sector and financial instrument | 189C.4.0.2 Net external debt position - By institutional sector and financial instrument | 190

D. EXCHANGE RATE STATISTICS

D.1 Exchange rates

D.1 Irrevocable conversion rates for the euro | 193D.1.1 Euro reference exchange rates - Averages | 193D.1.1.1 Euro reference exchange rates - Averages | 194D.1.1.2 Euro reference exchange rates - End-of-period | 195D.1.2.1 Special drawing rights - Gold - Averages | 197D.1.2.2 Euro effective exchange rates - Averages | 197D.1.2.3 Effective exchange rate indices for Portugal - Averages | 198D.1.2.4 Special drawing rights - Gold - End-of-period | 198D.1.3 Euro exchange rates against other currencies - Reference figures - End-of-period | 199

D.2 Foreign exchange and derivatives market activity

D.2.1 Foreign exchange market turnover - Global | 203D.2.2 Foreign exchange market turnover - Euro against other currencies | 203D.2.3 Foreign exchange market turnover - Euro against US dollar | 204

D.2.4 Foreign exchange market turnover - Euro against pound sterling | 204D.2.5 Single currency interest rate derivatives turnover - Global | 205

D.2.6 Single currency interest rate derivatives turnover - Euro | 205

E. PUBLIC FINANCE STATISTICS

E.1 Generalgovernmentfinancing

E.1.1 General government financing | 209E.1.2 Central government financing | 210E.1.2.1 State financing | 210E.1.2.2 Autonomous services and funds financing | 211E.1.3 Regional and local government financing | 212E.1.3.1 Regional government financing | 212E.1.3.2 Local government financing | 213E.1.4 Social security funds financing | 213E.1.5 Direct State debt | 214

E.2 State and social security revenue and expenditure

E.2.1 State revenue and expenditure | 215E.2.2 Social security revenue and expenditure | 216

E.3 Net lending/net borrowing and debt of general government

E.3.1 Net lending (+) / net borrowing (-) of general

das administraes pblicas | 217E.3.2 Dvida bruta das administraes pblicas - desagregao por subsector emitente | 218E.3.3 Dvida bruta das administraes pblicas - desagregao por instrumento financeiro | 218E.3.4 Ajustamento entre a capacidade / necessidade lquida de financiamento e a variao da dvida das administraes pblicas | 219E.3.5 Receitas das administraes pblicas (contas nacionais) | 219E.3.6 Despesas das administraes pblicas (contas nacionais) | 220

F. CONTAS NACIONAIS FINANCEIRAS

F.1 Contasnacionaisfinanceiras-Transaes

F.1.1.1 Contas nacionais financeiras - Transaes - Por setor institucional e instrumento financeiro - 2009 | 223F.1.1.2 Contas nacionais financeiras - Transaes - Por setor institucional e instrumento financeiro - 2010 | 224F.1.1.3 Contas nacionais financeiras - Transaes - Por setor institucional e instrumento financeiro - 2011 | 225F.1.1.4 Contas nacionais financeiras - Transaes - Por setor institucional e instrumento financeiro - 2012 | 226F.1.1.5 Contas nacionais financeiras - Transaes - Por setor institucional e instrumento financeiro - 2013 | 227F.1.2.1 Contas nacionais financeiras - Transaes - Total da economia | 228 F.1.2.2 Contas nacionais financeiras - Transaes - Setor institucional - Sociedades no financeiras | 229F.1.2.3 Contas nacionais financeiras - Transaes - Setor institucional - Sociedades financeiras | 230F.1.2.4 Contas nacionais financeiras - Transaes - Setor institucional - Administraes pblicas | 231F.1.2.5 Contas nacionais financeiras - Transaes - Setor institucional - Particulares | 232F.1.2.6 Contas nacionais financeiras - Transaes - Setor institucional - Resto do mundo | 233F.1.3.1 Contas nacionais financeiras - Transaes - Instrumento financeiro - Numerrio e depsitos | 234F.1.3.2 Contas nacionais financeiras - Transaes - Instrumento financeiro - Ttulos de dvida | 234F.1.3.3 Contas nacionais financeiras - Transaes - Instrumento financeiro - Emprstimos | 235F.1.3.4 Contas nacionais financeiras - Transaes - Instrumento financeiro - Aes e outras participaes | 235F.1.4.1 Total da economia | 236F.1.4.2 Sociedades no financeiras | 236F.1.4.3 Sociedades financeiras | 237F.1.4.4 Administraes pblicas | 237F.1.4.5 Particulares | 238F.1.4.6 Resto do mundo | 238

F.2 Contasnacionaisfinanceiras-Patrimnios financeiros

F.2.1.1 Contas nacionais financeiras - Patrimnios financeiros Por setor institucional e instrumento financeiro - 2008 | 239F.2.1.2 Contas nacionais financeiras - Patrimnios financeiros Por setor institucional e instrumento financeiro - 2009 | 240F.2.1.3 Contas nacionais financeiras - Patrimnios financeiros Por setor institucional e instrumento financeiro - 2010 | 241F.2.1.4 Contas nacionais financeiras - Patrimnios financeiros Por setor institucional e instrumento financeiro - 2011 | 242F.2.1.5 Contas nacionais financeiras - Patrimnios financeiros Por setor institucional e instrumento financeiro - 2012 | 243F.2.1.6 Contas nacionais financeiras - Patrimnios financeiros Por setor institucional e instrumento financeiro - 2013 | 244F.2.2.1 Contas nacionais financeiras - Patrimnios financeiros Total da economia | 245

government | 217E.3.2 General government gross debt - Breakdown by issuer subsector | 218E.3.3 General government gross debt - Breakdown by financial instrument | 218E.3.4 Adjustment between net lending / net borrowing and change in debt of general government | 219

E.3.5 General government revenue (national accounts) | 219E.3.6 General government expenditure (national accounts) | 220

F. NATIONAL FINANCIAL ACCOUNTS

F.1 Nacionalfinancialaccounts-Transactions

F.1.1.1 National financial accounts - Transactions - By institutional sector and financial instrument - 2009 | 223F.1.1.2 National financial accounts - Transactions - By institutional sector and financial instrument - 2010 | 224F.1.1.3 National financial accounts - Transactions - By institutional sector and financial instrument - 2011 | 225F.1.1.4 National financial accounts - Transactions - By institutional sector and financial instrument - 2012 | 226F.1.1.5 National financial accounts - Transactions - By institutional sector and financial instrument - 2013 | 227F.1.2.1 National financial accounts - Transactions - Total economy | 228F.1.2.2 National financial accounts - Transactions - Institutional sector - Non-financial corporations | 229F.1.2.3 National financial accounts - Transactions - Institutional sector - Financial corporations | 230F.1.2.4 National financial accounts - Transactions - Institutional sector - General government | 231F.1.2.5 National financial accounts - Transactions - Institutional sector - Households + NPISH | 232F.1.2.6 National financial accounts - Transactions - Institutional sector - Rest of the world | 233F.1.3.1 National financial accounts - Transactions - Financial instrument - Currency and deposits | 234F.1.3.2 National financial accounts - Transactions - Financial instrument - Debt securities | 234F.1.3.3 National financial accounts - Transactions - Financial instrument - Loans | 235F.1.3.4 National financial accounts - Transactions - Financial instrument - Shares and other equity | 235F.1.4.1 Total economy | 236F.1.4.2 Non-financial corporations | 236F.1.4.3 Financial corporations | 237F.1.4.4 General government | 237F.1.4.5 Households + NPISH | 238F.1.4.6 Rest of the world | 238

F.2 Nacionalfinancialaccounts-Financialassets and liabilities

F.2.1.1 National financial accounts - Financial assets and liabilities By institutional sector and financial instrument - 2008 | 239F.2.1.2 National financial accounts - Financial assets and liabilities By institutional sector and financial instrument - 2009 | 240F.2.1.3 National financial accounts - Financial assets and liabilities By institutional sector and financial instrument - 2010 | 241F.2.1.4 National financial accounts - Financial assets and liabilities By institutional sector and financial instrument - 2011 | 242F.2.1.5 National financial accounts - Financial assets and liabilities By institutional sector and financial instrument - 2012 | 243F.2.1.6 National financial accounts - Financial assets and liabilities By institutional sector and financial instrument - 2013 | 244F.2.2.1 National financial accounts - Financial assets and liabilities Total economy | 245

F.2.2.2 Contas nacionais financeiras - Patrimnios financeiros Setor institucional - Sociedades no financeiras | 246F.2.2.3 Contas nacionais financeiras - Patrimnios financeiros Setor institucional - Sociedades financeiras | 247F.2.2.4 Contas nacionais financeiras - Patrimnios financeiros Setor institucional - Administraes pblicas | 248F.2.2.5 Contas nacionais financeiras - Patrimnios financeiros Setor institucional - Particulares | 249F.2.2.6 Contas nacionais financeiras - Patrimnios financeiros Setor institucional - Resto do mundo | 250F.2.3.1 Contas nacionais financeiras - Patrimnios financeiros Instrumento financeiro - Numerrio e depsitos | 251F.2.3.2 Contas nacionais financeiras - Patrimnios financeiros Instrumento financeiro - Ttulos de dvida | 251F.2.3.3 Contas nacionais financeiras - Patrimnios financeiros Instrumento financeiro - Emprstimos | 252F.2.3.4 Contas nacionais financeiras - Patrimnios financeiros Instrumento financeiro - Aes e outras participaes | 252F.2.4.1 Total da economia | 253F.2.4.2 Sociedades no financeiras | 253F.2.4.3 Sociedades financeiras | 254F.2.4.4 Administraes pblicas | 254F.2.4.5 Particulares | 255F.2.4.6 Resto do mundo | 255

G. ESTATSTICAS DAS EMPRESAS NO FINANCEIRAS DA CENTRAL DE BALANOS

G.1 Nmero de empresas do universo de referncia

G.1 Nmero de empresas do universo de referncia - Repartio por setor e dimenso das empresas | 259

G.2 Balano

G.2 Balano - Principais componentes | 260

G.3 Ativo

G.3 Ativo - Repartio por setor e dimenso das empresas | 260

G.4 Demonstrao dos resultados

G.4 Demonstrao de resultados - Principais componentes | 261

G.5 Rendimentos

G.5 Rendimento - Repartio por setor e dimenso das empresas | 261

G.6 Rcioseconmico-financeiros

G.6.1 Total das empresas | 262G.6.2 Empresas pblicas no includas no setor das administraes pblicas | 263G.6.3 Empresas privadas | 263G.6.3.1 Indstrias | 264G.6.3.2 Eletricidade, gs e gua | 264G.6.3.3 Construo | 265G.6.3.4 Comrcio | 265

G.6.3.5 Transportes e armazenagem | 266G.6.3.6 Outros servios | 266G.6.3.7 Sociedades gestoras de participaes sociais | 267G.6.3.8 Pequenas e mdias empresas | 268G.6.3.9 Grandes empresas | 268

F.2.2.2 National financial accounts - Financial assets and liabilities Institutional sector - Non-financial corporations | 246F.2.2.3 National financial accounts - Financial assets and liabilities Institutional sector - Financial corporations | 247F.2.2.4 National financial accounts - Financial assets and liabilities Institutional sector - General government | 248F.2.2.5 National financial accounts - Financial assets and liabilities Institutional sector - Households + NPISH | 249F.2.2.6 National financial accounts - Financial assets and liabilities Institutional sector - Rest of the world | 250F.2.3.1 National financial accounts - Financial assets and liabilities Financial instrument - Currency and deposits | 251F.2.3.2 National financial accounts - Financial assets and liabilities Financial instrument - Debt securities | 251F.2.3.3 National financial accounts - Financial assets and liabilities Financial instrument - Loans | 252F.2.3.4 National financial accounts - Financial assets and liabilities Financial instrument - Shares and other equity | 252F.2.4.1 Total economy | 253F.2.4.2 Non-financial corporations | 253F.2.4.3 Financial corporations | 254F.2.4.4 General government | 254F.2.4.5 Households + NPISH | 255F.2.4.6 Rest of the world | 255

G. STATISTICS ON NON-FINANCIAL CORPORATIONS FROM THE CENTRAL BALANCE SHEET DATABASE

G.1 Number of corporations in the reference population

G.1 Number of corporations in the reference population - By sector and by size | 259

G.2 Balance sheet G.2 Balance sheet - Main components | 260

G.3 Assets

G.3 Assets - By sector and by size | 260

G.4 Profitandlossaccount

G.4 Profit and loss account - Main components | 261

G.5 Income

G.5 Income - By sector and by size | 261

G.6 Economicandfinancialratios

G.6.1 Total corporations | 262G.6.2 Public corporations not included in the general government sector | 263G.6.3 Private corporations | 263G.6.3.1 Manufactoring, mining and quarrying | 264G.6.3.2 Electricity, gas and water | 264G.6.3.3 Construction | 265G.6.3.4 Wholesale and retail trade, repair of motor vehicles and motorcycles | 265G.6.3.5 Transportation and storage | 266G.6.3.6 Other services | 266G.6.3.7 Non-financial holdings | 267G.6.3.8 Small and medium-sized corporations | 268G.6.3.9 Large corporations | 268

H. ESTATSTICAS GERAIS

H.0 Contas nacionais trimestrais

H.0.1 Contas nacionais trimestrais - tica da despesa - base 2011 (PIB pm) | 271H.0.2 Contas nacionais trimestrais - tica da despesa - base 2011 (PIB pm) - Taxas de variao homloga | 271

H.1 Indicadoresdeatividadeeconmica

H.1.1 ndices de produo industrial | 273H.1.2 ndices de volume de negcios na indstria | 273H.1.3 Inqurito de conjuntura indstria transformadora - Total, saldos de respostas extremas | 274H.1.4 Inqurito de conjuntura indstria transformadora - Bens de consumo, saldos de respostas extremas | 274H.1.5 Inqurito de conjuntura indstria transformadora - Bens intermdios, saldos de respostas extremas | 275H.1.6 Inqurito de conjuntura indstria transformadora - Fabricao de automveis, saldos de respostas extremas | 275H.1.7 Inqurito de conjuntura indstria transformadora - Outros bens de equipamento, saldos de respostas extremas | 276H.1.8 Capacidade produtiva na indstria transformadora | 276H.1.9 Construo e obras pblicas | 277H.1.10 Licenas de construo e obras concludas | 277H.1.11 Inqurito de conjuntura construo e obras pblicas | 278H.1.12 Energia | 279H.1.13 ndice de volume de negcios - Servios | 279H.1.14 ndice de volume de negcios no comrcio a retalho | 280H.1.15 ndice de volume de negcios no comrcio a retalho deflacionado | 280H.1.16 Inqurito de conjuntura ao comrcio | 281H.1.17 Turismo: dormidas na hotelaria | 281H.1.18 Viaturas | 282H.1.19 Indicadores de confiana | 282

H.2 Emprego e salrios

H.2.1 Emprego e desemprego | 283H.2.2 Populao e atividade | 283H.2.3 Emprego por ramo de atividade | 284H.2.4 Emprego por situao na profisso | 284H.2.5 Emprego por nmero de horas semanais trabalhadas | 285H.2.6 Desemprego por durao da procura de emprego | 285H.2.7 Desemprego registado e ofertas de emprego | 286H.2.8 Salrios: contratao coletiva | 286H.2.9 Variao das remuneraes declaradas segurana social | 287

H.3 Inflao

H.3.1 ndice harmonizado de preos no consumidor e ndice de preos no consumidor | 289H.3.2 ndice harmonizado de preos no consumidor | 289H.3.3 ndice harmonizado de preos no consumidor por agregados | 290H.3.4 ndice de preos no consumidor por classes | 291

I. ESTATSTICAS DE EMISSO MONETRIA

I.1 Emisso de notas

I .1.1 Notas colocadas em circulao pelo Banco de Portugal | 295I .1.2 Notas colocadas em circulao pelo Eurosistema | 295I .1.3 Depsitos de notas realizados no Banco de Portugal | 296I .1.4 Levantamentos de notas realizados no Banco de Portugal | 296I .1.5 Sistemas de escolha de notas do Banco de Portugal | 297I .1.6 Notas contrafeitas detetadas em Portugal | 297

H. GENERAL STATISTICS

H.0 Quarterly national accounts

H.0.1 Quarterly national accounts - Expenditure approach - 2011 base (GDP mp) | 271H.0.2 Quarterly national accounts - Expenditure approach - 2011 base (GDP mp) - Year-on-year rate of changes | 271

H.1 Economic activity indicators

H.1.1 Industrial production indices | 273H.1.2 Industrial turnover indices | 273H.1.3 Manufacturing survey - Total, balance of respondents | 274

H.1.4 Manufacturing survey - Consumption, balance of respondents | 274H.1.5 Manufacturing survey - Intermediate goods, balance of respondents | 275H.1.6 Manufacturing survey - Vehicles manufacturing, balance of respondents | 275H.1.7 Manufacturing survey - Other equipment goods, balance of respondents | 276H.1.8 Rate of capacity utilization in manufacturing | 276H.1.9 Construction and public works | 277H.1.10 Permits issued and building completions | 277H.1.11 Construction and public works survey | 278H.1.12 Energy | 279H.1.13 Turnover index in services | 279H.1.14 Retail trade index | 280H.1.15 Real retail trade turnover index | 280

H.1.16 Trade survey | 281H.1.17 Tourism: number of nights spent | 281H.1.18 Vehicles | 282H.1.19 Confidence indicators | 282

H.2 Employment and wages

H.2.1 Population and unemployment | 283H.2.2 Population and activity | 283H.2.3 Employment by branch of activity | 284H.2.4 Employment by contractual relationship | 284H.2.5 Employment by weekly labour time | 285H.2.6 Unemployment by job seeking time | 285H.2.7 Registered unemployment and new job vacancies | 286H.2.8 Wages: collective agreements | 286H.2.8 Changes in compensation of employees declared to social security | 287

H.3 Inflation

H.3.1 Harmonized index of consumer prices and consumer price index | 289H.3.2 Harmonized index of consumer prices | 289H.3.3 Harmonized index of consumer prices by aggregates | 290

H.3.4 Consumer price index by items | 291

I. STATISTICS ON CURRENCY ISSUANCE

I.1 Banknotes issuance

I .1.1 Banknotes put into circulation by the Banco de Portugal | 295I .1.2 Banknotes put into circulation by the Eurosystem | 295I .1.3 Deposits of banknotes in the Banco de Portugal | 296I .1.4 Withdrawals of banknotes in the Banco de Portugal | 296I .1.5 Banco de Portugals banknotes sorting systems | 297I .1.6 Counterfeit banknotes detected in Portugal | 297

I .1.7 Notas de escudo por recolher | 298

I.2 Emisso de moedas

I .2.1 Moedas colocadas em circulao pelo Banco de Portugal | 299I .2.2 Moedas de coleo colocadas em circulao pelo Banco de Portugal | 299I .2.3 Depsitos de moedas realizados no Banco de Portugal | 300I .2.4 Levantamentos de moedas realizados no Banco de Portugal | 300

J. SISTEMAS DE PAGAMENTOS

J.1 Caracterizao geral do sistema de pagamentos portugus

J.1.1 Instituies que oferecem servios de pagamento em Portugal | 303J.1.2 Nmero de participantes nos sistemas de compensao e liquidao em Portugal | 303J.1.3 Transaes por tipo de instrumento de pagamento | 304J.1.4 Nmero de cartes de pagamento emitidos em Portugal | 305J.1.5 Nmero de caixas automticos e de terminais de pagamento automtico em Portugal | 305J.1.6 Transaes efetuadas com cartes | 306

J.2 Sistemas de liquidao e compensao interbancria em Portugal

J.2.1 Movimento global dos sistemas de liquidao por bruto | 307J 2.2 Operaes transnacionais enviadas e recebidas atravs do TARGET2-PT | 307J.2.3 Movimento global do sistema de liquidao por compensao - Apresentados por tipo de sistema | 308J.2.4 Movimento global do sistema de liquidao por compensao - Devolvidos por tipo de sistema | 308J.2.5 Operaes de grande montante | 309

J.3 Instrumentos de pagamento nos sistemas de compensao e liquidao

J.3.1 Cheques devolvidos (desagregados por motivo de devoluo) | 311J.3.2 Dbitos diretos SEPA CORE (desagregados por tipo de operao) | 311J.3.3 Dbitos diretos SEPA CORE (desagregados por motivos de rejeio) | 312J.3.4 Dbitos diretos SEPA B2B (desagregados por tipo de operao) | 312J.3.5 Dbitos diretos SEPA B2B (desagregados por motivos de rejeio) | 313J.3.6 Dbitos diretos - Credores ativos e autorizaes de dbito em conta (ADC) | 313J.3.7 Operaes com cartes processadas na rede Multibanco - Operaes com impacto financeiro | 314J.3.7.1 Operaes com cartes processadas na rede Multibanco - Levantamentos de numerrio - Por tipo | 314J.3.7.2 Operaes com cartes processadas na rede Multibanco - Levantamentos de numerrio - Por denominao | 315J.3.7.3 Operaes com cartes processadas na rede Multibanco - Pagamentos | 315J.3.7.4 Operaes com cartes processadas na rede Multibanco - Compras | 316J.3.8 Operaes com cartes processadas na rede Multibanco - Operaes sem impacto financeiro | 316

I .1.7 Banknotes denominated in escudo to be withdrawn from circulation | 298

I.2 Coins issuance

I .2.1 Coins put into circulation by the Banco de Portugal | 299I .2.2 Collector coins put into circulation by the Banco de Portugal | 299I .2.3 Deposits of coins in the Banco de Portugal | 300I .2.4 Withdrawals of coins in the Banco de Portugal | 300

J. PAYMENT SYSTEM

J.1 Characterization of the Portuguese payment system

J.1.1 Institutions offering payment services in Portugal | 303

J.1.2 Number of participants in the portuguese clearing and settlement systems | 303J.1.3 Transactions per type of payment instrument | 304J.1.4 Number of payment cards issued in Portugal | 305J.1.5 Number of ATM and POS terminals in Portugal | 305

J.1.6 Payment card transactions | 306

J.2 Interbank clearing and settlement systems in Portugal

J.2.1 Transactions in the gross settlement systems | 307J 2.2 Cross-border transactions sent and received through TARGET2-PT | 307J.2.3 Transactions in the clearing system - Submitted by type of system | 308J.2.4 Transactions in the clearing system - Returned by type of system | 308J.2.5 Large-value transactions | 309

J.3 Payment instruments in the interbank clearing and settlement systems

J.3.1 Returned cheques (by reason of return) | 311

J.3.2 Direct debits SEPA CORE (by type of operation) | 311

J.3.3 Direct debits SEPA CORE (by reason of rejection) | 312

J.3.4 Direct debits SEPA B2B (by type of operation) | 312

J.3.5 Direct debits SEPA B2B (by reason of rejection) | 313

J.3.6 Direct debits - Active creditors and debit authorisations | 313

J.3.7 Card transactions processed through the Multibanco network - Operations with financial impact | 314J.3.7.1 Card transactions processed through the Multibanco network - Cash withdrawals By type | 314J.3.7.2 Card transactions processed through the Multibanco network - Cash withdrawals - By denomination | 315J.3.7.3 Card transactions processed through the Multibanco network - Payments | 315J.3.7.4 Card transactions processed through the Multibanco network - Purchases | 316J.3.8 Card transactions processed through the Multibanco network - Operations without financial impact | 316

K. ENDIVIDAMENTO DO SETOR NO FINANCEIRO

K.1 Dvida total, principais indicadores

K .1.1 Rcios de endividamento | 319K .1.2 Dvida por setor, atividade e dimenso | 320K .1.3 Dvida, por setor devedor e financiador | 321

K.2 Dvida total, por setor devedor

K .2.1 Dvida das administraes pblicas | 323K .2.2 Dvida das empresas pblicas | 324K .2.2.1 Dvida das empresas pblicas includas na administrao central | 324K .2.2.2 Dvida das empresas pblicas includas na administrao regional e local | 325K.2.2.3 Dvida das empresas pblicas no includas nas administraes pblicas | 325K .2.3 Dvida das empresas privadas | 326K .2.4 Dvida de particulares | 326

K.3 Dvidajuntodosetorfinanceiroresidente

K .3.1 Dvida das administraes pblicas junto do setor financeiro residente | 327K .3.2 Dvida das empresas pblicas junto do setor financeiro residente | 327K.3.2.1 Dvida das empresas pblicas includas na administrao central junto do setor financeiro residente | 328K .3.2.2 Dvida das empresas pblicas includas na administrao regional e local junto do setor financeiro residente | 328K .3.2.3 Dvida das empresas pblicas no includas nas administraes pblicas junto do setor financeiro residente | 329K .3.3 Dvida das empresas privadas junto do setor financeiro residente | 329K.3.3.1 Dvida das empresas privadas junto do setor financeiro residente, por setor de atividade econmica | 330K .3.3.2 Dvida das empresas privadas junto do setor financeiro residente, por dimenso da empresa | 330K .3.4 Dvida de particulares junto do setor financeiro residente | 331

L. NOTAS

Notas explicativas | 335Nomenclatura de instrumentos financeiros e outras rubricas nas estatsticas monetrias e financeiras | 345Desagregao dos setores institucionais SEC2010 | 349Glossrio | 351Sinais convencionais utilizados nos quadros | 352Suplementos ao Boletim Estatstico | 353

K. NON-FINANCIAL SECTOR INDEBTEDNESS

K.1 Total debt, main indicators

K .1.1 Indebtedness ratios | 319K .1.2 Debt by sector, activity and dimension | 320K .1.3 Debt, by debtor and creditor sectors | 321

K.2 Total debt, by category of borrower

K .2.1 General government debt | 323K .2.2 Public corporations debt | 324K .2.2.1 Debt of public corporations included in central government | 324K .2.2.2 Debt of public corporations included in local government | 325K.2.2.3 Debt of public corporations not included in general government | 325K .2.3 Private corporations debt | 326K .2.4 Private individuals debt | 326

K.3 Debtvis--vistheresidentfinancialsector

K .3.1 General government debt vis--vis the resident financial sector | 327K .3.2 Public corporations debt vis--vis the resident financial sector | 327K.3.2.1 Debt of public corporations included in central goverment vis--vis the resident financial sector | 328K .3.2.2 Debt of public corporations included in local government vis--vis the resident financial sector | 328K .3.2.3 Debt of public corporations not included in general government vis--vis the resident financial sector | 329K .3.3 Private corporations debt vis--vis the resident financial sector | 329K.3.3.1 Private corporations debt vis--vis the resident financial sector, by economic activity of the company | 330K .3.3.2 Private corporations debt vis--vis the resident financial sector, by size of the company | 330K .3.4 Private individuals debt vis--vis the resident financial sector | 331

L. NOTES

Explanatory notes | 335Financial instruments and other items in monetary and financial statistics | 346Institutional sectors breakdown - ESA2010 | 350Glossary | 351Conventions used in the tables | 352Supplements to the Statistical Bulletin | 353

A. PRINCIPAISINDICADORESMain Indicators

21Maro 2015

A.1 Contas nacionais

Fonte: Banco de Portugal, Instituto Nacional de Estatstica, Banco Central Europeu, Eurostat e Bureau of Economic Analysis

2T - 2014 3T - 2014 4T - 2014 2T - 2014 3T - 2014 4T - 2014 2T - 2014 3T - 2014 4T - 2014

1 2 3 4 5 6 7 8 9

1 Produto interno bruto (PIB) em volume(2)0.9 1.1 0.7 0.8 0.8 0.9 2.6 2.7 2.4

2 Consumo privado1.7 2.7 1.9 0.8 1.1 1.4 2.4 2.7 2.8

3 Consumo pblico-0.4 -0.3 -1.6 0.6 0.7 0.8 -0.3 1.0 1.1

4 Formao bruta de capital fixo (FBCF)....3.3 4.0 1.5 1.0 0.4 0.3 4.1 4.4 4.4

5 Procura interna(3).1.6 2.1 1.4 0.9 0.6 0.7 . . .

6 Exportaes2.1 3.0 5.1 3.1 4.0 4.1 3.9 3.8 2.1

7 Importaes4.0 5.5 6.9 3.7 3.9 4.0 3.8 3.4 5.5

8 Produto interno bruto (PIB) em volume(2)....0.3 0.3 0.5 0.1 0.2 0.3 1.1 1.2 0.5

2T - 2014 3T - 2014 4T - 2014 2T - 2014 3T - 2014 4T - 2014 2T - 2014 3T - 2014 4T - 2014

1 2 3 4 5 6 7 8 9

9 Taxa de poupana dos particulares ......10.3 9.7 . 13.0 13.1 . 5.1 4.8 4.7

tvh (%)

1.5

2.0

0.7

2.4

2.7

1.0

0.9

1.0

0.2

-0.5

-0.2

1.3

Portugal rea Euro(1) EUA

(taxa de variao homloga - tvh - em percentagem)

(taxa de variao em cadeia - tvc - em percentagem)

PIB (em volume) - 4 Trimestre de 2014(5)

(1) rea do euro: composio de 18 pases.(2) Valores corrigidos de sazonalidade.(3) Inclui variao de stocks.(4) Para Portugal e rea do euro inclui ajustamento pela variao de participao lquida das famlias nos fundos de penses; os valores correspondem ao ano terminado em cada trimestre.(5) Fonte: Eurostat - 2 estimativa. Todos os dados esto corrigidos de sazonalidade e de efeitos de calendrio.

(em percentagem do rendimento disponvel(4))

Portugal rea Euro(1) EUA

-20

-15

-10

-5

0

5

10

15

2009 2010 2011 2012 2013 2014

em pe

rcenta

gem

PIB e Procura interna em volume - tvh

PIB Consumo pblico Consumo privado FBCF

-20

-15

-10

-5

0

5

10

15

2009 2010 2011 2012 2013 2014

em pe

rcenta

gem

PIB e Procura externa em volume - tvh

PIB Exportaes Importaes

- 0.4

- 0.2

0.0

0.1

0.2

0.3

0.5

0.5

0.5

0.5

0.7

0.7

-0.5 0 0.5 1

Grcia

ustria

Itlia

Frana

Blgica

rea Euro

Holanda

Reino Unido

Estados Unidos

Portugal

Espanha

Alemanha

Taxa de variao face ao trim. anterior (%)

-8

-6

-4

-2

0

2

4

Jan/10 Jan/11 Jan/12 Jan/13 Jan/14 Jan/15

em pe

rcenta

gem

Indicadores coincidentes da atividade econmica e do consumo privado - tvh

Atividade econmica Consumo privado

22 BANCO DE PORTUGAL Boletim Estatstico

A.1 National accounts

Source: Banco de Portugal, Instituto Nacional de Estatstica, European Central Bank, Eurostat and Bureau of Economic Analysis

2014 Q2 2014 Q3 2014 Q4 2014 Q2 2014 Q3 2014 Q4 2014 Q2 2014 Q3 2014 Q4

1 2 3 4 5 6 7 8 9

1 Real Gross domestic product (GDP)(2)..0.9 1.1 0.7 0.8 0.8 0.9 2.6 2.7 2.4

2 Private consumption....1.7 2.7 1.9 0.8 1.1 1.4 2.4 2.7 2.8

3 Government consumption..-0.4 -0.3 -1.6 0.6 0.7 0.8 -0.3 1.0 1.1

4 Gross fixed capital formation (GFCF)......3.3 4.0 1.5 1.0 0.4 0.3 4.1 4.4 4.4

5 Domestic demand(3)1.6 2.1 1.4 0.9 0.6 0.7 . . .

6 Exports..2.1 3.0 5.1 3.1 4.0 4.1 3.9 3.8 2.1

7 Imports..4.0 5.5 6.9 3.7 3.9 4.0 3.8 3.4 5.5

8 Real Gross domestic product (GDP)(2)..0.3 0.3 0.5 0.1 0.2 0.3 1.1 1.2 0.5

2014 Q2 2014 Q3 2014 Q4 2014 Q2 2014 Q3 2014 Q4 2014 Q2 2014 Q3 2014 Q4

1 2 3 4 5 6 7 8 9

9 Households saving ratio ......10.3 9.7 . 13.0 13.1 . 5.1 4.8 4.7

y.r.(%)

1.5

2.0

0.7

2.4

2.7

1.0

0.9

1.0

0.2

-0.5

-0.2

1.3

Portugal Euro Area(1) USA

(year-on-year rate of change - y.r. - in percentage)

(chain rate of change - c.r. - in percentage)

Real GDP - 4th Quarter of 2014(5)

(1) Euro Area: fixed composition 18 countries.(2) Seasonally adjusted.(3) Including changes in inventories.(4) For Portugal and Euro Area includes adjustment for the change in net equity of households in pension fund reserves; based on four-quarter cumulated transactions.(5) Source: Eurostat - 2nd estimate. All data are seasonally and working days adjusted.

Euro Area(1) USA

(in percentage of the disposable income(4))

Portugal

- 0.4

- 0.2

0.0

0.1

0.2

0.3

0.5

0.5

0.5

0.5

0.7

0.7

-0.5 0 0.5 1

Greece

Austria

Italy

France

Belgium

Euro Area

Netherlands

United Kingdom

USA

Portugal

Spain

Germany

Rate of change vs previous quarter (%)

-20

-15

-10

-5

0

5

10

15

2009 2010 2011 2012 2013 2014

in pe

rcenta

ge

Real GDP and domestic demand - y.r.

GDP Government consumption

Private consumption GFCF

-20

-15

-10

-5

0

5

10

15

2009 2010 2011 2012 2013 2014

in pe

rcenta

ge

Real GDP and external demand - y.r.

GDP Exports Imports

-8

-6

-4

-2

0

2

4

Jan/10 Jan/11 Jan/12 Jan/13 Jan/14 Jan/15

in pe

rcenta

ge

Economic activity and private consumption coincident indicators - y.r.

Economic activity Private consumption

23Maro 2015

A.2 Indicadores de atividade econmica

Fonte: Instituto Nacional de Estatstica, Associao do Comrcio Automvel de Portugal, Eurostat, Comisso Europeia, Organizao para a Cooperao e Desenvolvimento Econmico, Federal Reserve System e Association des Constructeurs Europens dAutomobiles

Dez-13 Dez-14 Jan-15 Fev-15 Dez-13 Dez-14 Jan-15 Fev-15 Dez-13 Dez-14 Jan-15 Fev-15

1 2 3 4 5 6 7 8 9 10 11 12

ndice de produo industrial (IPI)

1 Total (excluindo construo)....4.7 -1.7 -2.2 . -1.0 -2.2 -2.7 . 3.3 4.4 4.4 3.5

2 Bens de consumo2.4 -6.5 -5.5 . 0.5 -0.2 -0.2 . 3.8 2.0 2.8 2.2

3 Bens intermdios3.5 -1.1 0.0 . -1.8 -0.8 -1.4 . 2.0 4.5 5.2 3.4

4 Bens de investimento11.9 -5.3 0.7 . 0.1 0.8 1.2 . 1.7 5.4 5.3 2.3

5 Energia7.4 8.3 -3.1 . -2.2 -10.2 -12.7 . 5.7 8.0 5.6 6.5

6 Vendas a retalho (volume)..-0.6 1.1 2.5 . -0.1 3.1 3.7 . 2.3 2.0 . .

Matrculas de veculos(5)

7 Ligeiros de passageiros40.1 40.2 31.8 39.7 13.3 4.7 6.7 7.3 -1.0 5.0 3.3 .

8 Comerciais pesados188.2 -10.7 20.7 22.5 124.2 -49.0 6.7 . - - - -

Indicadores de confiana(2)(3)

9 Indicador de sentimento econmico....98.1 102.5 102.4 101.9 100.3 100.6 101.4 102.1 100.3 100.2 100.2 .

10 Indicador de confiana dos consumidores..-35.8 -21.6 -19.7 -20.0 -13.5 -10.9 -8.5 -6.7 82.5 93.6 98.1 95.4

11 Indicador de confiana na indstria...-7.0 -5.0 -5.0 -5.0 -3.4 -5.2 -4.8 -4.7 56.5 55.1 53.5 52.9

(1) rea do euro: composio de 19 pases.

(2) Valores corrigidos de sazonalidade.

(3) Os valores absolutos dos ndices no so comparveis. Para os EUA os indicadores utilizados so:

- Indicador avanado composto (ndice); Fonte: OCDE.

- Indicador de confiana dos consumidores (ndice); Fonte: Thomson Reuters / University of Michigan.

- Indicador de confiana na indstria (ndice); Fonte: Institute for Supply and Management.(4) Os saldos de respostas extremas correspondem diferena entre as percentagens de resposta positiva e negativa.

(5) As matrculas de veculos consideram as matrculas de todos os veculos novos efetuadas pelos representantes legais da marca (vendas de veculos) assim como as matrculas de veculos importados usados.

Portugal rea do euro(1) EUA

(taxa de variao homloga - tvh - em percentagem)

(em ndice)

(saldos de respostas extremas - sre(4)) (em ndice)

98.6 98.8 99 99.2 99.4 99.6 99.8 100 100.2 100.4 100.6

0

20

40

60

80

100

120

2010 2011 2012 2013 2014 2015

em n

dice

em n

dice

Indicador de sentimento econmico

Portugal rea do euro EUA (escala direita)

40

50

60

70

80

90

100

110

-70

-60

-50

-40

-30

-20

-10

0

2010 2011 2012 2013 2014 2015

em n

dice

sre

Indicador de confiana dos consumidores

Portugal rea do euro EUA (escala direita)

44 46 48 50 52 54 56 58 60 62

-30

-25

-20

-15

-10

-5

0

5

10

2010 2011 2012 2013 2014 2015

em n

dice

sre

Indicador de confiana na indstria

Portugal rea do euro EUA (escala direita)

-20

-10

0

10

2010 2011 2012 2013 2014 2015

em pe

rcenta

gem

IPI total (excluindo construo) - tvh

Portugal rea do euro EUA

24 BANCO DE PORTUGAL Boletim Estatstico

A.2 Economic activity indicators

Source: Instituto Nacional de Estatstica, Associao do Comrcio Automvel de Portugal, Eurostat, European Comission, Organization for Economic Co-Operation and Development, Federal Reserve System and European Automobile Manufacturers Association

Dec-13 Dec-14 Jan-15 Feb-15 Dec-13 Dec-14 Jan-15 Feb-15 Dec-13 Dec-14 Ja