STATISTICAL PRESS RELEASE
8|2016
Balance of Payments
November 2015
January 20th, 2016
Banco de Portugal publishes today, in tables A.16
The balance of goods and services increased 758
and A.17 of the Statistical Bulletin and in BPstat, the
November 2015´ balance of payments statistics.
million euros as compared with the same period of
last year. The cumulative exports growth rate of 4.0
percent (4.2 percent in goods and 3.7 percent in
In the January-November 2015 period, the balance
of current and capital accounts amounted to 3 650
million euros, representing an increase of 259 million euros comparing to the same period of 2014
(Chart 1). For this evolution contributed all current
account components, except primary income,
which was influenced by a lower receiving of EU
funds and a larger deficit of the investment income.
The balance of capital account has registered a decrease, due mainly to the decline of Community
funds receipts. (Chart 2).
services), was higher than the cumulative growth
rate of imports, 3.0 percent (2.6 percent in goods
and 4.8 percent in services). The positive evolution
of the balance of services was mostly determined
by the "Travel” item, particularly by the exports component (Chart 3).
The financial account registered an increase in net
foreign assets, reflecting essentially the early repayment by the General Government of the loan obtained from the IMF under the Economic and Financial Assistance Programme, and the amortization of
debt securities by Portuguese banks (Chart 4).
Chart 1 • Current and capital accounts
Chart 2 • Current and capital accounts balance,
by main components
6 000
20 000
5 000
Million euros
10 000
Million euros
4 000
3 000
2 000
0
-10 000
1 000
-20 000
0
-1 000
jan
feb mar apr may jun
2013
2014
jul
aug sep oct nov dec
2015
Goods and services
Income
Capital account
Current and capital account
BANCO DE PORTUGAL • Balance of Payments
Chart 4 • Net external assets change, by institutional sector
40 000
20 000
1 500
20 000
10 000
Million euros
2 000
1 000
500
0
0
-20 000
-10 000
-40 000
-20 000
0
nov-14
feb-15
may-15
Travel - exports
Services - balance
aug-15
Travel - imports
Travel - balance
nov-15
Central bank
Finantial corp, excl. central bank
Net foreign assets changes [rh scale]
Detailed statistical data available at:
Table A.16 of Statistical Bulletin
Table A.17 of Statistical Bulletin
Statistical domain of balance of payments of BPstat|Estatísticas online
Balance of payments statistics – Methodological notes (only in portuguese)
Next update: February 18th, 2016
Banco de Portugal | info@bportugal.pt
General government
Non-financial corp. and households
Million euros
Chart 3 • Services and travel accounts (monthly
developments)
Million euros
2