Document 12022335

SÉRIES LONGAS

MACROECONÓMICAS

DOS PAÍSES DE LÍNGUA

PORTUGUESA

Historical Macroeconomic

Series of the Portuguesespeaking Countries

Departamento de Relações Internacionais

International Relations Department

Lisboa, 2015 • www.bportugal.pt

SÉRIES LONGAS MACROECONÓMICAS DOS PAÍSES DE LÍNGUA PORTUGUESA | HISTORICAL MACROECONOMIC SERIES OF THE

PORTUGUESE-SPEAKING COUNTRIES • Banco de Portugal Av. Almirante Reis, 71 | 1150-012 Lisboa • www.bportugal.pt •

Edição / Publisher Departamento de Relações Internacionais • Design, impressão e acabamento / Design, printing and finishing

Departamento de Serviços de Apoio | Serviço de Edições e Publicações • Tiragem / Pint run 500 exemplares • ISBN 978-989-678-

349-5 (impresso / print) • ISBN 978-989-678-350-1 ( online ) • Depósito Legal n.º / Legal deposit no.

393379/15

Índice

I. Principais Indicadores – Gráficos

I. Main Indicators – Charts | 6

II. Principais Indicadores – Quadros

II. Main Indicators – Tables | 10

III. Países – Gráficos

III. Countries – Charts | 16

IV. Países – Quadros

IV. Countries – Tables | 20

Séries longas macroeconómicas dos Países de Língua Portuguesa

Historical macroeconomic series of the Portuguese-speaking Countries

5

Nota Prévia Preliminary Note

Esta publicação insere-se no contexto das diversas iniciativas que o Banco de Portugal está a desenvolver, em 2015, para assinalar e comemorar a passagem dos primeiros vinte e cinco anos de cooperação técnica estruturada em parceria com outros bancos centrais, nomeadamente as instituições homólogas dos Países de Língua Portuguesa (PLP).

Trata-se aqui de apresentar um conjunto de variáveis macroeconómicas, das mais relevantes para caraterizar a evolução dos países, fazendo-

-o de forma largamente padronizada para os oito PLP – ou seja, aplicando critérios tão semelhantes quanto possível a todos eles – e abrangendo o período de 1991 a 2014 (exceto no caso de Timor-Leste, independente desde 2002).

Com a divulgação deste documento, que conjuga quadros e gráficos de fácil leitura, pretende-se essencialmente contribuir para um melhor conhecimento público sobre as economias dos PLP, apresentando-os em conjunto, enquanto comunidade com expressão global.

A sua elaboração só foi possível graças à amável e apreciada colaboração dos bancos centrais dos PLP, aos quais agradecemos, sublinhando mais este exemplo do espírito de parceria e bom entendimento que tem tradicionalmente caraterizado as nossas relações de cooperação.

This publication is one of several initiatives that

Banco de Portugal is conducting in 2015 to mark and commemorate the first 25 years of technical structured cooperation in partnership with other central banks, namely counterpart institutions in the Portuguese-speaking countries.

It contains a set of macroeconomic variables that describe developments in a way that is broadly standardized across the eight Portuguese-speaking countries, using criteria that are as similar as possible for each, covering the period from

1991 to 2014 (except in the case of Timor-Leste, which gained independence in 2002).

This publication combines easy-to-read tables and charts, and is designed to help the public better understand the economies of the Portuguese-speaking countries, presenting them together as a community with global significance.

This has only been possible through the ami-

-cable and much appreciated collaborative effort of those at the Portuguese-speaking countries’ central banks, whom we thank, again noting this example of partnership spirit and mutual understanding that have traditionally typified our cooperation relations.

International Relations Department

April 2015

Departamento de Relações Internacionais

Abril de 2015

6

BANCO DE PORTUGAL

I. Principais Indicadores – Gráficos

I. Main Indicators – Charts

Gráfico 1.1 • Produto Interno Bruto a preços de mercado (PIBpm)

Chart 1.1

• Gross Domestic Product at market prices (GDPmp)

Preços correntes, em milhões de USD

Current prices, USD millions

Médias 1991/1994 | 1991/1994 Averages

STP: 116 Ang: 8,046

Por: 97,273

Moç: 2,607

GB: 469

CV: 432

Bra: 441,437

Angola

Brasil

Cabo Verde

Guiné-Bissau

Moçambique

Portugal

São Tomé e Príncipe

Timor-Leste

Médias 2001/2004 | 2001/2004 Averages

STP: 93 TL: 644 Ang: 15 , 741

Por: 152 , 847

Moç: 5 , 499

GB: 449

CV: 804

Bra: 574 , 635

Médias 2011/2014 | 2011/2014 Averages

Por: 2 29 ,1 14

Moç: 15,231

GB: 1,131

CV: 1,865

STP: 2 87 T L: 5,189 Ang: 115 , 022

Bra: 2,439,575



Gráfico 1.2 • PIBpm por habitante

Chart 1.2 • GDPmp per capita

Preços correntes, em milhões de USD


Médias 1991/1994 | 1991/1994 Averages

Angola

Brasil

Cabo Verde

Guiné-Bissau

Moçambique

Portugal

731

2,829

1,152

436

179

9,7 45


Timor-Leste

0 n.d.

930

5,000 10,000 15,000 20,000

7

Médias 2001/2004 | 2001/2004 Averages

Angola

Brasil

Cabo Verde

Guiné-Bissau

Moçambique

Portugal


Timor-Leste

333

279

1,025

3,180

1,733

636

694

14,663

0 5,000 10,000 15,000 20,000

Médias 2011/2014 | 2011/2014 Averages

Angola

Brasil

Cabo Verde

Guiné-Bissau

Moçambique

Portugal


Timor-Leste

668

594

1,487

5,417

3,679

12,225

21, 7 2 4

4,471

0

Nota: Os dados relativos às populações são estimativas da ONU.

Note: Population data are UN estimates.

5,000 10,000 15,000 20,000

8

BANCO DE PORTUGAL

2

0

6

4

-2

-4

10

8

-6

-8


Chart 1.3 • Gross Domestic Product at market prices (GDPmp)

Taxa de crescimento real | Real growth rate

Média 1991/1994

Average 1991/1994

Média 2001/2004

Average 2001/2004

Moç

Ang

Bra

CV

GB

Moç

Por

STP

Ang

Bra

CV

GB

Por

STP

TL

Ang

Média 2011/2014

Average 2011/2014

Bra

CV

GB

Moç

Por

STP

TL

Ang: Angola | Bra: Brasil | CV: Cabo Verde | GB: Guiné-Bissau | Moç: Moçambique

| Por: Portugal | STP: São Tomé e Príncipe | TL: Timor-Leste

10

0

Gráfico 1.4 • Inflação

Chart 1.4 • Inflation

Taxa de variação homóloga anual do IPC, fim de período | CPI annual rate of change, end of period

60

50

Ang

870

Bra

1246

GB

Moç Ang

82

40

STP

30

CV

Por

Média 1991/1994

Average 1991/1994

Moç

Bra

CV GB

Por

Média 2001/2004

Average 2001/2004

STP

TL

Ang

Bra

CV GB Moç Por

STP TL

Média 2011/2014

Average 2011/2014



9

-10

-15

-20

-25

5

0

Gráfico 1.5 • Balança corrente e de capital

Chart 1.5 • Current and capital account

Em percentagem do PIB | As a percentage of GDP

20 Média 1991/1994

Average 1991/1994

Média 2001/2004

Average 2001/2004

15

10

GB

Bra

Ang

CV

Por

Ang

Bra

CV

Moç ç

Por

Moç

STP

STP TL

Ang: Angola | Bra: Brasil | CV: Cabo Verde | GB: Guiné-Bissau | Moç: Moçambique

| Por: Portugal | STP: São Tomé e Príncipe | TL: Timor-Leste

Ang

Média 2011/2014

Average 2011/2014

TL

41,0

GB Por

CV

Moç

-32,3

STP

Gráfico 1.6 • Saldo orçamental global

Chart 1.6 • Overall budget balance


-10

-15

-20

-25

10

5

0

-5

20

15

Ang

Bra

-38,6

CV

GB

Moç

Por

Média 1991/1994

Average 1991/1994

STP

Ang Bra CV

Moç Por

Média 2001/2004

Average 2001/2004

STP

TL

Ang

Bra

GB

CV

STP

TL

39,6

Média 2011/2014

Average 2011/2014

10

BANCO DE PORTUGAL


II. Main Indicators – Tables

Quadro 1.1 • Produto Interno Bruto a preços de mercado (PIBpm)

Table 1.1 • Gross Domestic Product at market prices (GDPmp)

Preços correntes, em milhões de USD | Current prices, USD millions

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001

Angola

Angola

Brasil

Brazil

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

Moçambique

Mozambique

Portugal

Portugal


São Tomé and Príncipe

Timor-Leste

Timor-Leste

13,551

376

514

3,167

88,402 107,654

108

-

8,844

434

445

2,323

96

-

5,730

431

456

2,460

94,023

127

-

4,058

486

462

2,478

9,019

624

392

4,575

99,014 118,996 122,691 117,033 123,896 127,511 118,651 121,647

132

-

5,007

573

500

2,528

105

-

6,554

587

552

3,471

136

-

7,653

571

578

4,113

93

-

6,367

618

408

4,654

73

-

6,163

681

436

5,104

78

-

9,276

405,679 387,295 429,685 543,087 770,350 854,099 886,413 867,005 601,805 657,504 559,802

625

420

4,771

77

445

77

496

Fontes e Notas: Ver quadros organizados por país (Quadros 2.1 a 2.8). | Sources and Notes: See country tables (Tables 2.1 to 2.8).




1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Angola

Angola

Brasil

Brazil

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

Moçambique

Mozambique

Portugal

Portugal



Timor-Leste

Timor-Leste

1.0

1.0

1.6

5.0

6.6

3.8

1.2

-

-5.8

-0.5

5.6

1.6

-5.2

3.6

0.7

-

-24.0

4.9

5.2

0.5

8.8

-1.0

1.1

-

1.3

5.9

5.9

3.1

6.2

1.5

2.2

-

15.0

4.2

5.4

3.5

2.2

1.7

2.0

-

20.0

4.1

6.1

4.8

14.8

3.5

1.5

-

5.5

3.4

7.1

6.4

11.1

4.4

1.0

-

0.0

0.4

9.8

-35.1

11.8

4.8

2.5

-

3.3

0.5

7.3

7.1

8.4

3.9

2.5

-


3.0

4.4

6.3

7.4

1.5

3.8

0.4

13.7

16.3

2001

3.1

1.3

4.9

0.2

12.3

1.9

3.1

2002

12,552

2003

17,813

2004

23,581

2005

36,971

2006

52,381

2007

65,266

2008

88,539

2009

73,189

2010 2011 2012 2013 2014

83,369 104,259 113,999 124,926 116,904

508,919 560,155 669,666 892,506 1,107,293 1,395,652 1,691,910 1,670,183 2,210,313 2,613,516 2,411,531 2,387,874 2,345,379

679 891 1,023 1,091 1,237 1,513 1,788 1,712 1,664 1,866 1,756 1,870 1,970

398

5,009

476

5,585

531

6,824

587

7,561

592

8,230

695

9,216

863

11,110

826

11,043

848

10,417

1,091

13,201

1,072

15,010

1,158

15,558

1,204

17,155

134,872 165,334 189,535 197,380 208,742 240,479 263,086 244,715 238,533 245,224 216,358 224,973 229,901

85 101 111 124 135 144 184 196 200 246 264 300 336

486 506 1,089 1,813 2,824 2,965 4,438 3,290 4,215 5,727 5,579 4,941 4,510

2003

3.0

1.2

4.6

0.3

6.5

-0.9

6.7

2002

14.4

3.1

3.9

-7.1

9.2

0.8

2.0

2005

15.0

3.1

8.0

4.3

8.4

0.8

1.6

2004

11.0

5.7

5.3

2.8

7.9

1.8

4.5

2007

14.1

6.0

12.2

3.2

7.3

2.5

2.0

2006

11.5

4.0

9.5

2.3

8.7

1.6

12.6

2008

11.2

5.0

6.7

3.2

6.3

0.2

9.1

2010

3.6

7.6

1.5

4.4

6.8

1.9

4.5

2009

2.1

-0.2

-1.3

3.4

6.1

-3.0

4.0

2012

5.2

1.8

1.2

-2.2

7.1

-4.0

4.0

2011

3.9

3.9

4.0

9.0

7.4

-1.8

4.9

2014

4.7

0.1

1.0

2.9

7.4

0.9

4.5

2013

6.8

2.7

0.5

0.9

7.3

-1.6

4.0

-6.7

-2.2

0.4

6.3

-5.7

11.4

14.3

12.9

9.5

14.7

7.8

5.4

6.6



11


II. Main Indicators – Tables



Preços correntes, em milhões de USD | Current prices, USD millions

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001

Angola

Angola

Brasil

Brazil

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

Moçambique

Mozambique

Portugal

Portugal



Timor-Leste

Timor-Leste

13,551

376

514

3,167

88,402 107,654

108

-

8,844

434

445

2,323

96

-

5,730

431

456

2,460

94,023

127

-

4,058

486

462

2,478

9,019

624

392

4,575

99,014 118,996 122,691 117,033 123,896 127,511 118,651 121,647

132

-

5,007

573

500

2,528

105

-

6,554

587

552

3,471

136

-

7,653

571

578

4,113

93

-

6,367

618

408

4,654

73

-

6,163

681

436

5,104

78

-

9,276

405,679 387,295 429,685 543,087 770,350 854,099 886,413 867,005 601,805 657,504 559,802

625

420

4,771

77

445

77

496





1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Angola

Angola

Brasil

Brazil

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

Moçambique

Mozambique

Portugal

Portugal



Timor-Leste

Timor-Leste

1.0

1.0

1.6

5.0

6.6

3.8

1.2

-

-5.8

-0.5

5.6

1.6

-5.2

3.6

0.7

-

-24.0

4.9

5.2

0.5

8.8

-1.0

1.1

-

1.3

5.9

5.9

3.1

6.2

1.5

2.2

-

15.0

4.2

5.4

3.5

2.2

1.7

2.0

-

20.0

4.1

6.1

4.8

14.8

3.5

1.5

-

5.5

3.4

7.1

6.4

11.1

4.4

1.0

-

0.0

0.4

9.8

-35.1

11.8

4.8

2.5

-

3.3

0.5

7.3

7.1

8.4

3.9

2.5

-


3.0

4.4

6.3

7.4

1.5

3.8

0.4

13.7

16.3

2001

3.1

1.3

4.9

0.2

12.3

1.9

3.1

2002

12,552

2003

17,813

2004

23,581

2005

36,971

2006

52,381

2007

65,266

2008

88,539

2009

73,189

2010 2011 2012 2013 2014

83,369 104,259 113,999 124,926 116,904

508,919 560,155 669,666 892,506 1,107,293 1,395,652 1,691,910 1,670,183 2,210,313 2,613,516 2,411,531 2,387,874 2,345,379

679 891 1,023 1,091 1,237 1,513 1,788 1,712 1,664 1,866 1,756 1,870 1,970

398

5,009

476

5,585

531

6,824

587

7,561

592

8,230

695

9,216

863

11,110

826

11,043

848

10,417

1,091

13,201

1,072

15,010

1,158

15,558

1,204

17,155

134,872 165,334 189,535 197,380 208,742 240,479 263,086 244,715 238,533 245,224 216,358 224,973 229,901

85 101 111 124 135 144 184 196 200 246 264 300 336

486 506 1,089 1,813 2,824 2,965 4,438 3,290 4,215 5,727 5,579 4,941 4,510

2003

3.0

1.2

4.6

0.3

6.5

-0.9

6.7

2002

14.4

3.1

3.9

-7.1

9.2

0.8

2.0

2005

15.0

3.1

8.0

4.3

8.4

0.8

1.6

2004

11.0

5.7

5.3

2.8

7.9

1.8

4.5

2007

14.1

6.0

12.2

3.2

7.3

2.5

2.0

2006

11.5

4.0

9.5

2.3

8.7

1.6

12.6

2008

11.2

5.0

6.7

3.2

6.3

0.2

9.1

2010

3.6

7.6

1.5

4.4

6.8

1.9

4.5

2009

2.1

-0.2

-1.3

3.4

6.1

-3.0

4.0

2012

5.2

1.8

1.2

-2.2

7.1

-4.0

4.0

2011

3.9

3.9

4.0

9.0

7.4

-1.8

4.9

2014

4.7

0.1

1.0

2.9

7.4

0.9

4.5

2013

6.8

2.7

0.5

0.9

7.3

-1.6

4.0

-6.7

-2.2

0.4

6.3

-5.7

11.4

14.3

12.9

9.5

14.7

7.8

5.4

6.6

12

BANCO DE PORTUGAL

Quadro 1.3 • Inflação

Table 1.3 • Inflation

Taxa de variação homóloga anual do IPC (fim de período) | CPI year-on-year rate of change (end of period)

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Angola

Angola

Brasil

Brazil

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

Moçambique

Mozambique

Portugal

Portugal


São Tomé and

Príncipe

Timor-Leste

Timor-Leste

175.7

472.7

1,119.1

2,477.1

10.6

60.1

35.2

9.9

36.3

-

495.8

1,837.7

13.9

88.1

54.5

8.9

27.5

-

4.4

29.7

43.6

6.7

21.0

-

971.9

3,783.2

1,650.1

916.5

4.1

19.3

70.1

4.3

37.9

-

22.4

5.6

49.7

56.7

3.5

29.5

-

9.6

9.1

65.6

15.7

3.2

51.7

-

147.7

5.2

6.7

16.8

6.3

2.5

80.5

-

134.8

1.7

8.3

7.9

-1.8

3.2

20.9

-

329.0

8.9

-1.6

-7.9

3.2

2.0

12.6

-


268.4

6.0

-1.0

16.7

10.5

3.9

9.6

-

2001

116.1

22.3

3.8

9.4

7.7

4.1

-1.8

-0.3

Quadro 1.4 • Balança corrente e de capital

Table 1.4 • Current and capital account


1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Angola

Angola

Brasil

Brazil

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

Moçambique

Mozambique

Portugal

Portugal


São Tomé and

Príncipe

Timor-Leste

Timor-Leste

-4.3

-0.3

0.1

-8.4

-10.1

-0.9

-25.3

-

-8.3

1.6

-0.7

-14.8

-13.6

-0.3

-24.2

-

-11.7

-0.1

-1.3

2.2

-17.0

0.0

-18.8

-

-8.4

-0.3

-5.3

8.5

-17.4

-2.3

-13.3

-

-5.9

-2.3

-7.2

12.2

-12.0

-0.1

-17.7

-

6.9

-2.7

-3.8

-2.9

-11.8

-2.5

-10.3

-

-11.4

-3.4

-4.1

1.4

-7.4

-3.6

6.2

-

-29.2

-3.8

-6.4

-5.9

-13.7

-5.4

-9.0

-

-27.6

-4.2

-10.3

-0.7

-12.6

-6.7

-0.3

-


8.8

-3.6

-7.8

8.4

-8.2

-9.4

63.8

-45.8

-48.2

-6.1

3.6

-6.4

-8.9

-12.7

2001

-15.8

-4.2

2003

76.6

11.4

2.4

10.0

9.3

-2.3

0.7

2002

105.6

9.1

4.0

9.0

12.5

3.0

2.5

2005

18.5

13.1

2.6

17.2

5.7

1.8

0.3

2004

31.0

9.3

2.5

15.2

7.6

0.6

2.9

2007

11.7

12.1

2.7

27.6

4.5

4.0

9.3

2006

12.2

8.1

2.5

24.6

3.1

5.8

3.2

2009

14.0

3.0

0.0

16.1

4.3

-0.4

-4.5

2008

13.2

11.8

0.8

24.8

5.9

6.7

6.6

2011

11.4

5.5

3.6

11.9

6.5

3.6

3.4

2010

15.3

16.6

2.5

12.9

5.9

3.4

5.6

2013

7.7

3.0

0.2

7.1

5.9

0.1

-0.1

2012

9.0

2.2

1.9

10.4

5.8

4.2

1.7

2014

7.5

1.1

-0.4

6.4

6.4

-0.4

0.2

9.5

4.2

1.8

0.9

7.2

8.6

7.5

1.7

9.2

17.4

11.7

4.0

-0.1

-7.9

9.5

6.0

-6.6

-14.2

2002

-1.2

-1.4

-10.7

7.7

-0.4

-6.6

-17.2

2004

3.0

1.8

-7.3

15.0

-9.5

-5.0

-9.5

2003

-3.9

0.8

-1.8

6.0

-7.5

-8.5

23.8

2005

13.9

1.6

-11.2

0.2

-2.7

-8.6

111.4

2007

16.2

0.2

-5.2

-1.3

18.4

-9.5

-25.2

2006

20.4

1.3

-12.2

0.9

-6.9

-10.9

-20.6

2008

8.1

-1.6

-11.1

108.5

-11.2

-8.8

-22.5

2010

9.0

-2.1

-11.9

2.7

-7.4

-9.3

-19.8

2009

-10.3

-1.4

-11.8

-4.9

-39.4

0.0

-22.8

2012

12.2

-2.3

-15.5

3.9

-19.3

-4.5

-23.6

2011

12.6

-1.9

-6.8

3.8

-35.5

2.1

-23.9

2014

2.9

-3.9

-4.5

-1.7

-34.8

3.1

-16.8

2013

6.7

-3.4

-14.4

4.0

6.2

16.7

20.7

40.5

46.4

39.9

40.5

41.5

49.5

48.8

24.2

Quadro 1.3 • Inflação

Table 1.3 • Inflation

Taxa de variação homóloga anual do IPC (fim de período) | CPI year-on-year rate of change (end of period)

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Angola

Angola

Brasil

Brazil

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

Moçambique

Mozambique

Portugal

Portugal


São Tomé and

Príncipe

Timor-Leste

Timor-Leste

175.7

472.7

1,119.1

2,477.1

10.6

60.1

35.2

9.9

36.3

-

495.8

1,837.7

13.9

88.1

54.5

8.9

27.5

-

4.4

29.7

43.6

6.7

21.0

-

971.9

3,783.2

1,650.1

916.5

4.1

19.3

70.1

4.3

37.9

-

22.4

5.6

49.7

56.7

3.5

29.5

-

9.6

9.1

65.6

15.7

3.2

51.7

-

147.7

5.2

6.7

16.8

6.3

2.5

80.5

-

134.8

1.7

8.3

7.9

-1.8

3.2

20.9

-

329.0

8.9

-1.6

-7.9

3.2

2.0

12.6

-


268.4

6.0

-1.0

16.7

10.5

3.9

9.6

-

2001

116.1

22.3

3.8

9.4

7.7

4.1

-1.8

-0.3

Quadro 1.4 • Balança corrente e de capital

Table 1.4 • Current and capital account


1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Angola

Angola

Brasil

Brazil

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

-4.3

-0.3

0.1

-8.4

Moçambique

Mozambique

Portugal

Portugal

-10.1

-0.9


São Tomé and

Príncipe

Timor-Leste

Timor-Leste

-25.3

-

-8.3

1.6

-0.7

-14.8

-13.6

-0.3

-24.2

-

-11.7

-0.1

-1.3

2.2

-17.0

0.0

-18.8

-

-8.4

-0.3

-5.3

8.5

-17.4

-2.3

-13.3

-

-5.9

-2.3

-7.2

12.2

-12.0

-0.1

-17.7

-

6.9

-2.7

-3.8

-2.9

-11.8

-2.5

-10.3

-

-11.4

-3.4

-4.1

1.4

-7.4

-3.6

6.2

-

-29.2

-3.8

-6.4

-5.9

-13.7

-5.4

-9.0

-

-27.6

-4.2

-10.3

-0.7

-12.6

-6.7

-0.3

-


8.8

-3.6

-7.8

8.4

-8.2

-9.4

63.8

-45.8

-48.2

-6.1

3.6

-6.4

-8.9

-12.7

2001

-15.8

-4.2



13

2003

76.6

11.4

2.4

10.0

9.3

-2.3

0.7

2002

105.6

9.1

4.0

9.0

12.5

3.0

2.5

2005

18.5

13.1

2.6

17.2

5.7

1.8

0.3

2004

31.0

9.3

2.5

15.2

7.6

0.6

2.9

2007

11.7

12.1

2.7

27.6

4.5

4.0

9.3

2006

12.2

8.1

2.5

24.6

3.1

5.8

3.2

2009

14.0

3.0

0.0

16.1

4.3

-0.4

-4.5

2008

13.2

11.8

0.8

24.8

5.9

6.7

6.6

2011

11.4

5.5

3.6

11.9

6.5

3.6

3.4

2010

15.3

16.6

2.5

12.9

5.9

3.4

5.6

2013

7.7

3.0

0.2

7.1

5.9

0.1

-0.1

2012

9.0

2.2

1.9

10.4

5.8

4.2

1.7

2014

7.5

1.1

-0.4

6.4

6.4

-0.4

0.2

9.5

4.2

1.8

0.9

7.2

8.6

7.5

1.7

9.2

17.4

11.7

4.0

-0.1

-7.9

9.5

6.0

-6.6

-14.2

2002

-1.2

-1.4

-10.7

7.7

-0.4

-6.6

-17.2

2004

3.0

1.8

-7.3

15.0

-9.5

-5.0

-9.5

2003

-3.9

0.8

-1.8

6.0

-7.5

-8.5

23.8

2005

13.9

1.6

-11.2

0.2

-2.7

-8.6

111.4

2007

16.2

0.2

-5.2

-1.3

18.4

-9.5

-25.2

2006

20.4

1.3

-12.2

0.9

-6.9

-10.9

-20.6

2008

8.1

-1.6

-11.1

108.5

-11.2

-8.8

-22.5

2010

9.0

-2.1

-11.9

2.7

-7.4

-9.3

-19.8

2009

-10.3

-1.4

-11.8

-4.9

-39.4

0.0

-22.8

2012

12.2

-2.3

-15.5

3.9

-19.3

-4.5

-23.6

2011

12.6

-1.9

-4.5

-1.7

-34.8

3.1

-16.8

2013

6.7

-3.4

-6.8

3.8

-35.5

2.1

-23.9

2014

2.9

-3.9

-14.4

4.0

6.2

16.7

20.7

40.5

46.4

39.9

40.5

41.5

49.5

48.8

24.2

14

BANCO DE PORTUGAL

Quadro 1.5 • Saldo orçamental global

Table 1.5 • Overall budget balance


1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Angola

Angola

Brasil

Brazil

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

Moçambique

Mozambique

Portugal

Portugal


São Tomé and

Príncipe

Timor-Leste

Timor-Leste

-22.0

-23.2

-4.1

0.8

-2.4

-6.0

-19.8

-

-37.7

-41.0

-7.0

-2.1

-2.3

-2.9

-19.8

-

-14.6

-55.0

-7.9

-1.1

-3.1

-6.1

-12.6

-

-20.0

-35.4

-12.1

-4.6

-4.9

-6.1

-16.1

-

-27.3

-6.5

-11.3

3.8

-3.0

-5.2

-16.3

-

-16.3

-5.3

-11.9

3.4

-2.4

-4.7

-10.6

-

-22.1

-5.5

-9.1

-9.2

-2.2

-3.7

-12.7

-

-8.8

-7.0

-3.7

-8.6

-1.3

-4.4

-17.1

-

-31.4

-5.3

-6.5

-5.4

-0.4

-3.0

-15.6

-


-6.8

-3.4

-7.0

-3.4

-1.6

-3.2

-10.0

1.8

2001

-0.8

-5.5

-4.8

-12.8

-3.3

-6.6

-4.4

0.4

Quadro 1.6 • Massa monetária

Table 1.6 • Broad money

Taxa de variação anual (fim de período) | Annual rate of change (end of period)

1991

Angola

Angola

135.8

Brasil

Brazil

291.2

15.3

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

-31.9

35.6

Moçambique

Mozambique

Portugal

Portugal


São Tomé and

Príncipe

Timor-Leste

Timor-Leste

24.8

28.6

-

1992

396.2

-0.5

19.8

59.2

17.0

30.6

-

1993 1994 1995

404.4

1,923.8

1,480.8

991.3 1,953.2

3,322.4

24.9

14.4

78.7

7.2

89.7

-

13.9

105.4

57.6

9.1

62.7

-

22.6

20.9

-7.0

54.7

8.0

47.4

-

1996

3,413.2

-8.7

9.4

3.8

21.1

9.0

92.3

-

1997

44.3

60.8

11.2

73.4

24.4

6.6

84.4

-

1998

124.9

23.1

2.7

-12.1

17.6

6.1

24.7

-

1999

564.8

23.6

15.2

21.5

35.1

9.2

0.8

-


2000

281.5

-1.5

13.2

57.6

42.4

5.8

28.8

155.5

9.5

22.7

6.9

33.8

2001

162.7

11.7

9.9

2003

-7.0

-3.2

-4.4

-9.9

-5.2

-4.1

-6.4

2002

-7.1

-4.1

-3.3

-10.4

-4.5

-4.1

-5.8

2004

1.1

-3.8

-6.2

-16.1

-2.9

-0.8

-7.6

2005

8.5

-2.4

-6.2

34.2

-3.6

-2.9

-6.1

2007

4.7

-2.6

-3.0

122.2

-2.8

1.2

-2.5

2006

9.9

-3.6

-4.3

-11.0

-3.6

-3.2

-2.6

2009

-9.6

-5.0

-9.8

-18.0

-3.3

-5.8

3.0

2008

-5.6

-2.2

-3.8

14.7

-2.0

-1.6

-4.0

2010

6.8

-3.8

-11.2

-10.5

-2.5

-10.6

0.2

2012

6.7

-4.6

-5.6

-10.8

-2.5

-10.3

-2.4

2011

10.2

-4.6

-7.4

-12.6

-2.6

-7.9

-0.5

2014

-3.1

-5.7

-4.5

-6.4

-6.7

-8.0

-2.6

2013

0.3

-5.5

-4.8

-1.5

-3.3

-9.0

-2.3

2.8

9.8

32.9

30.2

28.5

53.5

58.5

31.3

39.7

43.2

52.0

39.7

23.5

-64.9

15.3

4.2

53.8

2003

68.3

-0.1

8.6

23.3

37.2

-0.9

25.4

2002

157.4

37.6

14.8

20.3

27.0

5.9

45.4

2005

60.2

14.1

15.6

42.8

5.9

5.3

1.0

2004

49.4

21.2

10.5

5.3

23.3

3.9

31.5

2006

59.8

19.6

18.7

30.0

24.2

8.8

34.3

2007

48.7

21.1

9.7

2008

104.6

0.6

7.9

25.5

20.3

8.3

36.9

29.6

24.6

0.7

25.1

2010

7.1

24.6

5.9

6.8

32.6

-5.4

8.2

2009

21.5

12.6

3.3

-6.0

29.4

-8.5

20.3

2012

7.8

8.9

6.3

39.1

7.8

-1.5

10.5

2011

34.0

3.6

3.3

31.0

22.2

0.8

16.8

2014

15.8

5.6

7.3

14.8

16.3

1.1

14.0

2013

12.5

6.9

11.0

6.8

41.1

6.9

18.3

28.2

43.9

34.1

29.6

18.2

9.3

26.2

22.9

19.9

Quadro 1.5 • Saldo orçamental global

Table 1.5 • Overall budget balance


1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Angola

Angola

Brasil

Brazil

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

Moçambique

Mozambique

Portugal

Portugal


São Tomé and

Príncipe

Timor-Leste

Timor-Leste

-22.0

-23.2

-4.1

0.8

-2.4

-6.0

-19.8

-

-37.7

-41.0

-7.0

-2.1

-2.3

-2.9

-19.8

-

-14.6

-55.0

-7.9

-1.1

-3.1

-6.1

-12.6

-

-20.0

-35.4

-12.1

-4.6

-4.9

-6.1

-16.1

-

-27.3

-6.5

-11.3

3.8

-3.0

-5.2

-16.3

-

-16.3

-5.3

-11.9

3.4

-2.4

-4.7

-10.6

-

-22.1

-5.5

-9.1

-9.2

-2.2

-3.7

-12.7

-

-8.8

-7.0

-3.7

-8.6

-1.3

-4.4

-17.1

-

-31.4

-5.3

-6.5

-5.4

-0.4

-3.0

-15.6

-


-6.8

-3.4

-7.0

-3.4

-1.6

-3.2

-10.0

1.8

2001

-0.8

-5.5

-4.8

-12.8

-3.3

-6.6

-4.4

0.4

Quadro 1.6 • Massa monetária

Table 1.6 • Broad money

Taxa de variação anual (fim de período) | Annual rate of change (end of period)

1991

Angola

Angola

135.8

Brasil

Brazil

291.2

15.3

Cabo Verde

Cabo Verde

Guiné-Bissau

Guinea-Bissau

-31.9

35.6

Moçambique

Mozambique

Portugal

Portugal


São Tomé and

Príncipe

Timor-Leste

Timor-Leste

24.8

28.6

-

1992

396.2

-0.5

19.8

59.2

17.0

30.6

-

1993 1994 1995

404.4

1,923.8

1,480.8

991.3 1,953.2

3,322.4

24.9

14.4

78.7

7.2

89.7

-

13.9

105.4

57.6

9.1

62.7

-

22.6

20.9

-7.0

54.7

8.0

47.4

-

1996

3,413.2

-8.7

9.4

3.8

21.1

9.0

92.3

-

1997

44.3

60.8

11.2

73.4

24.4

6.6

84.4

-

1998

124.9

23.1

2.7

-12.1

17.6

6.1

24.7

-

1999

564.8

23.6

15.2

21.5

35.1

9.2

0.8

-


2000

281.5

-1.5

13.2

57.6

42.4

5.8

28.8

155.5

9.5

22.7

6.9

33.8

2001

162.7

11.7

9.9



15

2002

-7.1

-4.1

-3.3

-10.4

-4.5

-4.1

-5.8

2004

1.1

-3.8

-6.2

-16.1

-2.9

-0.8

-7.6

2003

-7.0

-3.2

-4.4

-9.9

-5.2

-4.1

-6.4

2005

8.5

-2.4

-6.2

34.2

-3.6

-2.9

-6.1

2007

4.7

-2.6

-3.0

122.2

-2.8

1.2

-2.5

2006

9.9

-3.6

-4.3

-11.0

-3.6

-3.2

-2.6

2009

-9.6

-5.0

-9.8

-18.0

-3.3

-5.8

3.0

2008

-5.6

-2.2

-3.8

14.7

-2.0

-1.6

-4.0

2011

10.2

-4.6

-7.4

-12.6

-2.6

-7.9

-0.5

2010

6.8

-3.8

-11.2

-10.5

-2.5

-10.6

0.2

2012

6.7

-4.6

-5.6

-10.8

-2.5

-10.3

-2.4

2014

-3.1

-5.7

-4.5

-6.4

-6.7

-8.0

-2.6

2013

0.3

-5.5

-4.8

-1.5

-3.3

-9.0

-2.3

2.8

9.8

32.9

30.2

28.5

53.5

58.5

31.3

39.7

43.2

52.0

39.7

23.5

23.3

37.2

-0.9

25.4

2002

157.4

37.6

14.8

42.8

5.9

5.3

1.0

2004

49.4

21.2

10.5

-64.9

15.3

4.2

53.8

2003

68.3

-0.1

8.6

5.3

23.3

3.9

31.5

2006

59.8

19.6

18.7

20.3

27.0

5.9

45.4

2005

60.2

14.1

15.6

30.0

24.2

8.8

34.3

2007

48.7

21.1

9.7

2008

104.6

0.6

7.9

25.5

20.3

8.3

36.9

29.6

24.6

0.7

25.1

2010

7.1

24.6

5.9

6.8

32.6

-5.4

8.2

2009

21.5

12.6

3.3

-6.0

29.4

-8.5

20.3

2012

7.8

8.9

6.3

39.1

7.8

-1.5

10.5

2011

34.0

3.6

3.3

31.0

22.2

0.8

16.8

2014

15.8

5.6

7.3

14.8

16.3

1.1

14.0

2013

12.5

6.9

11.0

6.8

41.1

6.9

18.3

28.2

43.9

34.1

29.6

18.2

9.3

26.2

22.9

19.9

16

BANCO DE PORTUGAL

12

9

3

0

4

0

-4

-8

16

12

8

4

2

0

-2

-4

-15

5

-5

15

-25

-35

12

9

6

3

0

-3

15

10

5

0

-5

-5

-15

-25

25

15

4

2

8

6

0

-2

III. Países – Gráficos

III. Countries – Charts


Chart 2.1 • Gross Domestic Product at market prices (GDPmp)


Angola

Brasil

Cabo Verde

Moçambique

Portugal


Timor-Leste



17

30

0

90

60

12

9

6

3

0

-3

90

60

30

0

-30

20

15

10

0

-5

0

-5

15

10

100

50

0

-50

Gráfico 2.2 • Inflação

Chart 2.2 • Inflation

Taxa de variação homóloga anual do IPC (fim de período) | CPI year-on-year rate of change

(end of period)

4000

3000

1000

0

400

300

100

0

40

30

10

0

Angola

2500

2000

1500

1000

500

0

25

20

15

10

5

0

Brasil

30

20

10

-10

0

-10

0

20

10

10

0

30

20

Cabo Verde

Guiné-Bissau

Moçambique

Portugal


Timor-Leste

18

BANCO DE PORTUGAL

-20

-40

20

0

0

-10

-20

20

10

-8

-12

4

0

-4

-25

-50

50

25

0

0

-15

-30

30

15

-8

-12

-16

4

0

-4

Gráfico 2.3 • Balança corrente e de capital

Chart 2.3 • Current and capital account


-20

-30

20

10

0

2

0

-2

-4

-6

(63,8)

Angola

Brasil

(108,5)

Cabo Verde

Guiné-Bissau

Moçambique

(111,4)

Portugal


0

-40

0

-4

-8

-12

-20

0

-40

-60

-80

0

-2

-4

-6

-8

-12

4

0

-4

30

15

0

60

45

20

10

0

-10

-20

-6

-9

-12

0

-3



19

Gráfico 2.4 • Saldo orçamental global

Chart 2.4 • Overall budget balance

Base compromissos, em percentagem do PIB | Commitment basis, as a percentage of GDP

-4

-6

-8

0

-2

(34,2) (122,2)

Angola

Brasil

Cabo Verde

Guiné-Bissau

Moçambique

Portugal


Timor-Leste

20

BANCO DE PORTUGAL


IV. Countries – Tables

Quadro 2.1 • Angola

Table 2.1 • Angola

1991 1992 1993 1994 1995 1996 1997 1998 1999

PIB pm

GDPmp

Preços correntes, milhões de USD


PIB pm

GDPmp

Taxa de crescimento real

Real growth rate

Saldo orçamental corrente

Current budget balance

Em percentagem do PIB

As a percentage of GDP

13,551

1.0

Inflação

Inflation

Taxa var. homóloga IPC, fim de período, %

CPI year-on-year rate of change, end of period, %

175.7

-4.3

Balança corrente externa

External current account



Balança corrente e de capital 1

Current and capital account



-4.3

-17.9

8,844

-5.8

495.8

1,837.7

-8.3

-8.3

-33.7

5,730

-24.0

-11.7

-11.7

-8.2

4,058

1.3

-8.4

-8.4

-16.5

5,007 6,554 7,653

15.0

-5.9

-5.9

-20.4

20.0

-5.3

6.9

16.7

5.5

971.9 3,783.2 1,650.1

147.7

-11.5

-11.4

3.4

6,367

0.0

134.8

-29.3

-29.2

-3.4

6,163

3.3

329.0

-27.7

-27.6

-4.2

Saldo orçamental global

Overall budget balance



Dívida pública interna

Domestic public debt



Dívida pública externa

External public debt



Massa monetária

Broad money

Taxa de variação anual, fim de período

Annual rate of change, end of period

Taxa de câmbio EUR/AOA 2

EUR/AOA exchange rate 2

Fim de período

End of period

Taxa de câmbio USD/AOA 2

USD/AOA exchange rate 2

Fim de período

End of period

-22.0

56.0

135.8

-

-

-37.7

90.7

396.2

-

-

-14.6

150.8

-

-

-20.0

227.1

-

-

-27.3

-16.3

-22.1

-

199.8 129.5

125.3

404.4 1,923.8 1,480.8 3,413.2

-

44.3

-

-

-8.8

153.6

124.9

0.0000001 0.0000006 0.0000065 0.000494 0.005692 0.2020 0.2624 0.6171

-

-

-31.4

153.2

564.8

5.62

5.51

Fontes: Banco Nacional de Angola, Ministério das Finanças de Angola, Instituto Nacional de Estatística de Angola e Fundo Monetário

Internacional (os valores relativos ao PIBpm foram obtidos da seguinte forma: até 2002, junto do BNA; entre 2003 e 2010, junto do INE; a partir de 2011, junto do MF, em conformidade com o OGE revisto para 2015).

Notas: 1. O valor de 1996 reflete o perdão de dívida. 2. O Kwanza (AOA) é a moeda angolana desde novembro de 1999, quando substituiu o

Kwanza Reajustado (fator de conversão: um para um milhão). Este último tinha sido adotado em julho de 1995, substituindo o Novo Kwanza

(fator de conversão: um para mil). Toda a série está expressa na moeda atual. 3. Alguns dos valores de 2014 são ainda preliminares (estimativas do BNA, do MF ou do FMI).

-

2000

9,276

3.0

268.4

8.6

8.8

7.0

-6.8

14.1

96.1

281.5

15.65

16.82

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 3

9,019 12,552 17,813 23,581 36,971 52,381 65,266 88,539 73,189 83,369 104,259 113,999 124,926 116,904

3.1

14.4

3.0

11.0

15.0

11.5

14.1

11.2

2.1

3.6

3.9

5.2

6.8

4.7

116.1

105.6

76.6

31.0

18.5

12.2

11.7

13.2

14.0

15.3

11.4

9.0

7.7

7.5

-15.9

-1.2

-4.0

2.9

13.9

20.4

16.2

8.1

-10.3

9.0

12.6

12.2

6.7

2.9

-15.8

-1.2

-3.9

3.0

13.9

20.4

16.2

8.1

-10.3

9.0

12.6

12.2

6.7

2.9

4.9

-0.2

0.4

5.5

13.5

20.9

19.1

17.6

2.8

16.5

18.9

17.2

11.7

9.3

-0.8

-7.1

-7.0

1.1

8.5

9.9

4.7

-5.6

-9.6

6.8

10.2

6.7

0.3

-3.1

17.0

0.8

0.9

5.0

5.0

4.6

8.0

15.7

19.3

16.2

11.4

9.6

11.1

14.8

90.6

61.3

47.5

38.2

27.6

14.5

15.0

16.7

20.7

21.4

20.1

19.8

22.6

28.1

162.7

157.4

68.3

49.4

60.2

59.8

48.7

104.6

21.5

7.1

34.0

7.8

12.5

15.8

28.19

61.12

98.86 117.24

95.86 105.71 110.21 106.19 128.20 122.70 123.33 126.38 134.39 125.19

31.95

58.67

79.08

85.64

80.79

80.26

75.02

75.17

89.40

92.64

95.28

95.83

97.62 102.86

Sources: Banco Nacional de Angola, Ministry of Finance of Angola, National Institute of Statistics of Angola and International Monetary

Fund (GDPmp figures were taken from: up to 2002, the BNA; between 2003 and 2010, the NIS; afterwards, the MF, as in the revised budget proposal for 2015).

Notes: 1. The 1996 figure reflects the impact of debt forgiveness. 2. The kwanza (AOA) has been the Angolan currency since November

1999, when it replaced the readjusted kwanza (conversion factor: one to one million). The latter had been introduced in July 1995, repla cing the new kwanza (conversion factor: one to one thousand). The entire series is presented using the current currency. 3. Some of the figures for 2014 are still preliminary (BNA, MF or IMF estimates).


IV. Countries – Tables

Quadro 2.1 • Angola

Table 2.1 • Angola

1991 1992 1993 1994 1995 1996 1997 1998 1999

PIB pm

GDPmp



PIB pm

GDPmp


Real growth rate





13,551

1.0

Inflação

Inflation



175.7

-4.3









-4.3

-17.9

8,844

-5.8

495.8

1,837.7

-8.3

-8.3

-33.7

5,730

-24.0

-11.7

-11.7

-8.2

4,058

1.3

-8.4

-8.4

-16.5

5,007 6,554 7,653

15.0

-5.9

-5.9

-20.4

20.0

-5.3

6.9

16.7

5.5

971.9 3,783.2 1,650.1

147.7

-11.5

-11.4

3.4

6,367

0.0

134.8

-29.3

-29.2

-3.4

6,163

3.3

329.0

-27.7

-27.6

-4.2





Dívida pública interna

Domestic public debt







Massa monetária

Broad money



Taxa de câmbio EUR/AOA 2

EUR/AOA exchange rate 2

Fim de período

End of period

Taxa de câmbio USD/AOA 2

USD/AOA exchange rate 2

Fim de período

End of period

-22.0

56.0

135.8

-

-

-37.7

90.7

396.2

-

-

-14.6

150.8

-

-

-20.0

227.1

-

-

-27.3

-16.3

-22.1

-

199.8 129.5

125.3

404.4 1,923.8 1,480.8 3,413.2

-

44.3

-

-

-8.8

153.6

124.9

0.0000001 0.0000006 0.0000065 0.000494 0.005692 0.2020 0.2624 0.6171

-

-

-31.4

153.2

564.8

5.62

5.51

Fontes: Banco Nacional de Angola, Ministério das Finanças de Angola, Instituto Nacional de Estatística de Angola e Fundo Monetário

Internacional (os valores relativos ao PIBpm foram obtidos da seguinte forma: até 2002, junto do BNA; entre 2003 e 2010, junto do INE; a partir de 2011, junto do MF, em conformidade com o OGE revisto para 2015).

Notas: 1. O valor de 1996 reflete o perdão de dívida. 2. O Kwanza (AOA) é a moeda angolana desde novembro de 1999, quando substituiu o

Kwanza Reajustado (fator de conversão: um para um milhão). Este último tinha sido adotado em julho de 1995, substituindo o Novo Kwanza

(fator de conversão: um para mil). Toda a série está expressa na moeda atual. 3. Alguns dos valores de 2014 são ainda preliminares (estimativas do BNA, do MF ou do FMI).

-

2000

9,276

3.0

268.4

8.6

8.8

7.0

-6.8

14.1

96.1

281.5

15.65

16.82



21

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 3

9,019 12,552 17,813 23,581 36,971 52,381 65,266 88,539 73,189 83,369 104,259 113,999 124,926 116,904

3.1

14.4

3.0

11.0

15.0

11.5

14.1

11.2

2.1

3.6

3.9

5.2

6.8

4.7

116.1

105.6

76.6

31.0

18.5

12.2

11.7

13.2

14.0

15.3

11.4

9.0

7.7

7.5

-15.9

-1.2

-4.0

2.9

13.9

20.4

16.2

8.1

-10.3

9.0

12.6

12.2

6.7

2.9

-15.8

-1.2

-3.9

3.0

13.9

20.4

16.2

8.1

-10.3

9.0

12.6

12.2

6.7

2.9

4.9

-0.2

0.4

5.5

13.5

20.9

19.1

17.6

2.8

16.5

18.9

17.2

11.7

9.3

-0.8

-7.1

-7.0

1.1

8.5

9.9

4.7

-5.6

-9.6

6.8

10.2

6.7

0.3

-3.1

17.0

0.8

0.9

5.0

5.0

4.6

8.0

15.7

19.3

16.2

11.4

9.6

11.1

14.8

90.6

61.3

47.5

38.2

27.6

14.5

15.0

16.7

20.7

21.4

20.1

19.8

22.6

28.1

162.7

157.4

68.3

49.4

60.2

59.8

48.7

104.6

21.5

7.1

34.0

7.8

12.5

15.8

28.19

61.12

98.86 117.24

95.86 105.71 110.21 106.19 128.20 122.70 123.33 126.38 134.39 125.19

31.95

58.67

79.08

85.64

80.79

80.26

75.02

75.17

89.40

92.64

95.28

95.83

97.62 102.86

Sources: Banco Nacional de Angola, Ministry of Finance of Angola, National Institute of Statistics of Angola and International Monetary

Fund (GDPmp figures were taken from: up to 2002, the BNA; between 2003 and 2010, the NIS; afterwards, the MF, as in the revised budget proposal for 2015).

Notes: 1. The 1996 figure reflects the impact of debt forgiveness. 2. The kwanza (AOA) has been the Angolan currency since November

1999, when it replaced the readjusted kwanza (conversion factor: one to one million). The latter had been introduced in July 1995, repla cing the new kwanza (conversion factor: one to one thousand). The entire series is presented using the current currency. 3. Some of the figures for 2014 are still preliminary (BNA, MF or IMF estimates).

22

BANCO DE PORTUGAL

Quadro 2.2 • Brasil

Table 2.2 • Brazil

1991 1992 1993 1994

PIB pm 1

GDPmp 1

Preços correntes, mil milhões de USD

Current prices, USD billions

PIB pm 1

GDPmp 1


Real growth rate

Inflação

Inflation







Balança corrente e de capital




Saldo orçamental primário 2,3,4

Primary budget balance 2,3,4



Saldo orçamental global 3,4

Overall budget balance 3,4



Dívida pública interna 4

Domestic public debt 4



Dívida pública externa 4

External public debt 4



Massa monetária

Broad money



Taxa de câmbio EUR/BRL 5

EUR/BRL exchange rate 5

Fim de período

End of period

Taxa de câmbio USD/BRL 5

USD/BRL exchange rate 5

Fim de período

End of period

406

1.0

472.7 1,119.1 2,477.1 916.5

-0.3

-0.3

2.9

-23.2

14.0

20.1

291.2

-

387

-0.5

1.6

1.6

2.3

18.4

24.2

-

430

4.9

-0.2

-0.1

2.6

-

543

5.9

-0.3

-0.3

5.1

-41.0

-55.0 -35.4

18.3

21.3

21.4

17.4

991.3 1,953.2 3,322.4

1068.80 12,387.50 326.11

0.85

-

1995

770

1996

854

4.2

22.4

-2.4

-2.3

0.3

-6.5

22.9

12.3

22.6

0.97

-

4.1

9.6

-2.8

-2.7

-0.1

-5.3

27.1

10.8

-8.7

1.04

-

1997

886

1998

867

1999

602

3.4

5.2

-3.4

-3.4

-0.9

-5.5

27.9

9.7

60.8

1.12

-

0.4

1.7

-3.9

-3.8

0.0

-7.0

33.2

11.9

23.1

1.21

-

0.5

8.9

-4.2

-4.2

3.0

-5.3

35.2

17.4

23.6

1.81

1.79

2000

658

4.4

6.0

-3.7

-3.6

3.3

-3.4

36.5

15.1

-1.5

1.84

1.96

Fonte: Banco Central do Brasil.

Notas: 1. Os dados para o PIB do Brasil a partir de 1996 (inclusive) são os dados da série revista publicada em 2015. Para os anos anteriores (1991 a

1995), os valores apresentados são os da série anterior à revisão mencionada. 2. Diferença entre receitas não-financeiras e despesas não-financeiras, ou seja, equivale ao saldo orçamental global após a dedução das receitas e despesas com juros. 3. O sinal positivo indica superávit. 4. Considera o Setor Público consolidado, isto é, Governo Federal, Banco Central, Governos regionais e as Empresas Estatais Não-Financeiras. Até novembro de

2001, considera as empresas dos grupos Petrobras e Eletrobras. A partir de dezembro de 2001, essas empresas estão fora da abrangência. 5. O real

é a moeda do Brasil desde julho de 1994, quando substituiu o cruzeiro real (1 real = 2750 cruzeiros reais), que por sua vez havia substituído o cruzeiro em agosto de 1993 (1 cruzeiro real = 1000 cruzeiros).

2001

560

2002

509

2003

560

2004

670

2005 2006

893 1,107

2007

1,396

2008 2009

1,692 1,670

2010

2,210

2011

2,614

2012 2013

2,412 2,388

2014

2,345

1.3

3.1

1.2

5.7

3.1

4.0

6.0

5.0

-0.2

7.6

3.9

1.8

2.7

0.1

7.7

12.5

9.3

7.6

5.7

3.1

4.5

5.9

4.3

5.9

6.5

5.8

5.9

6.4

-4.1

-1.5

0.7

1.7

1.6

1.2

0.1

-1.7

-1.5

-2.1

-2.0

-2.2

-3.4

-3.9

-4.2

-1.4

0.8

1.8

1.6

1.3

0.2

-1.6

-1.4

-2.1

-1.9

-2.3

-3.4

-3.9

3.1

3.2

3.3

3.7

3.8

3.2

3.3

3.4

2.0

2.7

3.1

2.4

1.9

-0.6

-3.3

-4.5

-5.2

-2.9

-3.6

-3.6

-2.8

-2.0

-3.3

-2.5

-2.6

-2.5

-3.3

-6.7

42.4

44.7

43.7

42.7

45.3

48.4

53.0

49.5

51.1

48.7

49.4

49.4

48.3

52.1

16.3

20.7

20.8

16.7

9.4

6.6

4.9

3.8

4.2

3.3

2.5

2.9

3.0

3.1

11.7

37.6

-0.1

21.2

14.1

19.6

21.1

0.6

12.6

24.6

3.6

8.9

6.9

5.6

2.06

3.70

3.65

3.62

2.77

2.82

2.61

3.24

2.51

2.23

2.43

2.70

3.23

3.23

2.32

3.53

2.89

2.65

2.34

2.14

1.77

2.34

1.74

1.67

1.88

2.04

2.34

2.66

Source: Banco Central do Brasil.

Notes: 1. Data for the Brazilian GDP from 1996 onwards are taken from the revised series that was published in 2015. For the previous years (1991 to 1995), figures herein presented were taken from the earlier series. 2. Difference between non-financial revenues and non-financial expenditures, which amounts to the overall budget balance excluding interest revenues and expenditures. 3. A positive sign indicates a surplus. 4. Takes into account the Consolidated Public Sector, meaning the Federal Government, the Central Bank, Regional

Governments and Non-Financial State-Owned Enterprises. Up to November 2001, it includes firms from the Petrobras and the Eletrobras groups. Afterwards, those firms fall outside the definition boundaries. 5. The real has been the Brazilian currency since July 1994, when it replaced the cruzeiro real (1 real = 2750 cruzeiros reais), which had in turn replaced the cruzeiro in August 1993 (1 cruzeiro real = 1000 cruzeiros).

Quadro 2.2 • Brasil

Table 2.2 • Brazil

1991 1992 1993 1994

PIB pm 1

GDPmp 1

Preços correntes, mil milhões de USD

Current prices, USD billions

PIB pm 1

GDPmp 1


Real growth rate

Inflação

Inflation











Saldo orçamental primário 2,3,4

Primary budget balance 2,3,4



Saldo orçamental global 3,4

Overall budget balance 3,4







Dívida pública externa 4

External public debt 4



Massa monetária

Broad money



Taxa de câmbio EUR/BRL 5

EUR/BRL exchange rate 5

Fim de período

End of period

Taxa de câmbio USD/BRL 5

USD/BRL exchange rate 5

Fim de período

End of period

406

1.0

472.7 1,119.1 2,477.1 916.5

-0.3

-0.3

2.9

-23.2

14.0

20.1

291.2

-

387

-0.5

1.6

1.6

2.3

-41.0

18.4

24.2

-

430

4.9

-0.2

-0.1

2.6

-

543

5.9

-0.3

-0.3

5.1

-55.0 -35.4

18.3

21.3

21.4

17.4

991.3 1,953.2 3,322.4

1068.80 12,387.50 326.11

0.85

-

1995

770

4.2

22.4

-2.4

-2.3

0.3

-6.5

22.9

12.3

22.6

0.97

-

1996

854

1997

886

1998

867

1999

602

4.1

9.6

-2.8

-2.7

-0.1

-5.3

27.1

10.8

-8.7

1.04

-

3.4

5.2

-3.4

-3.4

-0.9

-5.5

27.9

9.7

60.8

1.12

-

0.4

1.7

-3.9

-3.8

0.0

-7.0

33.2

11.9

23.1

1.21

-

0.5

8.9

-4.2

-4.2

3.0

-5.3

35.2

17.4

23.6

1.81

1.79

2000

658

4.4

6.0

-3.7

-3.6

3.3

-3.4

36.5

15.1

-1.5

1.84

1.96

Fonte: Banco Central do Brasil.

Notas: 1. Os dados para o PIB do Brasil a partir de 1996 (inclusive) são os dados da série revista publicada em 2015. Para os anos anteriores (1991 a

1995), os valores apresentados são os da série anterior à revisão mencionada. 2. Diferença entre receitas não-financeiras e despesas não-financeiras, ou seja, equivale ao saldo orçamental global após a dedução das receitas e despesas com juros. 3. O sinal positivo indica superávit. 4. Considera o Setor Público consolidado, isto é, Governo Federal, Banco Central, Governos regionais e as Empresas Estatais Não-Financeiras. Até novembro de

2001, considera as empresas dos grupos Petrobras e Eletrobras. A partir de dezembro de 2001, essas empresas estão fora da abrangência. 5. O real

é a moeda do Brasil desde julho de 1994, quando substituiu o cruzeiro real (1 real = 2750 cruzeiros reais), que por sua vez havia substituído o cruzeiro em agosto de 1993 (1 cruzeiro real = 1000 cruzeiros).



23

2001

560

2002

509

2003

560

2004

670

2005 2006

893 1,107

2007

1,396

2008 2009

1,692 1,670

2010

2,210

2011

2,614

2012 2013

2,412 2,388

2014

2,345

1.3

3.1

1.2

5.7

3.1

4.0

6.0

5.0

-0.2

7.6

3.9

1.8

2.7

0.1

7.7

12.5

9.3

7.6

5.7

3.1

4.5

5.9

4.3

5.9

6.5

5.8

5.9

6.4

-4.1

-1.5

0.7

1.7

1.6

1.2

0.1

-1.7

-1.5

-2.1

-2.0

-2.2

-3.4

-3.9

-4.2

-1.4

0.8

1.8

1.6

1.3

0.2

-1.6

-1.4

-2.1

-1.9

-2.3

-3.4

-3.9

3.1

3.2

3.3

3.7

3.8

3.2

3.3

3.4

2.0

2.7

3.1

2.4

1.9

-0.6

-3.3

-4.5

-5.2

-2.9

-3.6

-3.6

-2.8

-2.0

-3.3

-2.5

-2.6

-2.5

-3.3

-6.7

42.4

44.7

43.7

42.7

45.3

48.4

53.0

49.5

51.1

48.7

49.4

49.4

48.3

52.1

16.3

20.7

20.8

16.7

9.4

6.6

4.9

3.8

4.2

3.3

2.5

2.9

3.0

3.1

11.7

37.6

-0.1

21.2

14.1

19.6

21.1

0.6

12.6

24.6

3.6

8.9

6.9

5.6

2.06

3.70

3.65

3.62

2.77

2.82

2.61

3.24

2.51

2.23

2.43

2.70

3.23

3.23

2.32

3.53

2.89

2.65

2.34

2.14

1.77

2.34

1.74

1.67

1.88

2.04

2.34

2.66

Source: Banco Central do Brasil.

Notes: 1. Data for the Brazilian GDP from 1996 onwards are taken from the revised series that was published in 2015. For the previous years (1991 to 1995), figures herein presented were taken from the earlier series. 2. Difference between non-financial revenues and non-financial expenditures, which amounts to the overall budget balance excluding interest revenues and expenditures. 3. A positive sign indicates a surplus. 4. Takes into account the Consolidated Public Sector, meaning the Federal Government, the Central Bank, Regional

Governments and Non-Financial State-Owned Enterprises. Up to November 2001, it includes firms from the Petrobras and the Eletrobras groups. Afterwards, those firms fall outside the definition boundaries. 5. The real has been the Brazilian currency since July 1994, when it replaced the cruzeiro real (1 real = 2750 cruzeiros reais), which had in turn replaced the cruzeiro in August 1993 (1 cruzeiro real = 1000 cruzeiros).

24

BANCO DE PORTUGAL

Quadro 2.3 • Cabo Verde

Table 2.3 • Cabo Verde

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

PIB pm 2, 3

GDPmp 2, 3



PIB pm 2, 4

GDPmp 2, 4


Real growth rate

Inflação

Inflation











Saldo orçamental corrente 5

Current budget balance 5



Saldo orçamental global 5

Overall budget balance 5











Massa monetária

Broad money



Taxa de câmbio EUR/CVE

EUR/CVE exchange rate

Fim de período

End of period

Taxa de câmbio USD/CVE

USD/CVE exchange rate

Fim de período

End of period

376

1.6

10.6

-2.0

0.1

-2.2

-4.1

36.5

15.3

66.17

-

-

434

5.6

13.9

-2.9

-0.7

-0.1

-7.0

15.2

38.7

-0.5

75.34

-

431

5.2

4.4

-5.7

-1.3

0.6

-7.9

17.0

33.3

24.9

85.99

-

486

5.9

4.1

-9.5

-5.3

0.1

-12.1

30.4

30.4

13.9

81.14

-

573

5.4

5.6

-10.8

-7.2

-2.5

-11.3

31.6

30.5

20.9

77.46

-

587

6.1

9.1

-6.0

-3.8

-1.7

-11.9

35.3

34.4

9.4

85.17

-

571

7.1

6.7

-5.2

-4.1

-3.6

-9.1

34.1

37.8

11.2

96.24

-

618

9.8

8.3

-9.4

-6.4

-0.9

-3.7

31.1

37.1

2.7

681

7.3

-1.6

-12.1

-10.3

0.8

-6.5

17.3

43.4

15.2

625

6.3

-1.0

-9.7

-7.8

-7.4

-7.0

22.9

46.4

13.2

- 110.27 110.27

94.26 107.58 118.76

Fontes: Banco de Cabo Verde, Ministério das Finanças e do Planeamento de Cabo Verde, Instituto Nacional de Estatística de Cabo Verde e Fundo Monetário Internacional.

Notas: 1. Alguns valores de 2013 e 2014 são ainda preliminares. 2. Novas Contas Nacionais do INE tendo em conta a metodologia do

SCN de 1993; Ano de referencia 2007; Dados retropolados de 1990 a 2006; Estimativa do INE-CV para 2012 e do MFP-CV para 2013 e

2014. 3. Valores para 2013 e 2014 calculados com base nas estimativas do Ministério das Finanças-CV. 4. Estimativas do FMI para 2013 e 2014. 5. Os valores de 2000 em diante foram calculados com base nos dados divulgados pelo Ministério das Finanças-CV apurados de acordo com a metodologia do Manual de Estatísticas de Finanças Públicas de 2001 do FMI (Manual de 1986 até então). 6. Excluindo os

Títulos Consolidados de Mobilização Financeira, emitidos pelo Estado cabo-verdiano mas cobertos pelos recursos existentes num fundo próprio (Cabo Verde Trust Fund).

2001

624

2002

679

2003

891

2004 2005

1,023 1,091

2006

1,237

2007

1,513

2008 2009

1,788 1,712

2010

1,664

2011

1,866

2012 2013 1 2014 1

1,756 1,870 1,970

4.9

3.9

4.6

5.3

8.0

9.5

12.2

6.7

-1.3

1.5

4.0

1.2

0.5

1.0

4.1

3.0

-2.3

0.6

1.8

5.8

4.0

6.7

-0.4

3.4

3.6

4.2

0.1

-0.4

-9.6

-10.2

-10.2

-13.0

-3.7

-6.6

-12.9

-13.7

-14.6

-13.5

-16.2

-12.6

-4.8

-7.2

-6.1

-7.9

-7.3

-10.7

-1.8

-5.2

-11.2

-12.2

-11.9

-11.1

-15.5

-11.8

-4.5

-6.8

-4.4

-5.3

-4.4

-3.4

-3.6

-2.6

-0.4

2.4

-1.6

-2.1

-0.7

-1.3

-1.3

-4.0

-6.6

-4.1

-4.1

-0.8

-2.9

-3.2

1.2

-1.6

-5.8

-10.6

-7.9

-10.3

-9.0

-8.0

22.8

28.8

27.4

27.3

28.9

26.6

22.6

18.6

20.0

21.3

21.6

23.2

23.6

23.4

48.9

50.7

48.7

47.4

47.2

44.1

39.9

38.5

42.8

52.6

58.9

69.2

77.4

81.9

9.9

14.8

8.6

10.5

15.6

18.7

9.7

7.9

3.3

5.9

3.3

6.3

11.0

7.3

110.27 110.27 110.27

110.27 110.27 110.27 110.27 110.27 110.27 110.27 110.27 110.27 110.27 110.27

124.97 106.27

88.24

81.05

93.25

83.71

75.05

78.21

76.90

83.03

85.55

83.12

80.00

90.68

Sources: Banco de Cabo Verde, Ministry of Finance and Planning of Cabo Verde, National Institute of Statistics of Cabo Verde and International Monetary Fund.

Notes: 1. Some of the figures for 2013 and 2014 are still preliminary. 2. New National Accounts prepared by the NIS-CV according to the

SNA methodology of 1993; Reference year: 2007; Data from 1990 to 2006 were extrapolated backwards; NIS-CV estimate for 2012 and

MFP-CV estimates for 2013 and 2014. 3. Figures for 2013 and 2014 were calculated from MFP-CV estimates. 4. IMF estimates for 2013 and

2014. 5. Figures from 2000 onwards were calculated from data released by the MFP-CV, which followed the methodology of the IMF's Government Finance Statistics Manual 2001 (for previous years, the 1986 Manual ). 6. Excluding the TCMF (Títulos Consolidados de Mobiliza-

ção Financeira), issued by the Republic of Cabo Verde but referring to claims on the resources of a specific fund (Cabo Verde Trust Fund).

Quadro 2.3 • Cabo Verde

Table 2.3 • Cabo Verde

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

PIB pm 2, 3

GDPmp 2, 3



PIB pm 2, 4

GDPmp 2, 4


Real growth rate

Inflação

Inflation











Saldo orçamental corrente 5

Current budget balance 5



Saldo orçamental global 5

Overall budget balance 5











Massa monetária

Broad money



Taxa de câmbio EUR/CVE

EUR/CVE exchange rate

Fim de período

End of period

Taxa de câmbio USD/CVE

USD/CVE exchange rate

Fim de período

End of period

376

1.6

10.6

-2.0

0.1

-2.2

-4.1

36.5

15.3

66.17

-

-

434

5.6

13.9

-2.9

-0.7

-0.1

-7.0

15.2

38.7

-0.5

75.34

-

431

5.2

4.4

-5.7

-1.3

0.6

-7.9

17.0

33.3

24.9

85.99

-

486

5.9

4.1

-9.5

-5.3

0.1

-12.1

30.4

30.4

13.9

81.14

-

573

5.4

5.6

-10.8

-7.2

-2.5

-11.3

31.6

30.5

20.9

77.46

-

587

6.1

9.1

-6.0

-3.8

-1.7

-11.9

35.3

34.4

9.4

85.17

-

571

7.1

6.7

-5.2

-4.1

-3.6

-9.1

34.1

37.8

11.2

96.24

-

618

9.8

8.3

-9.4

-6.4

-0.9

-3.7

31.1

37.1

2.7

681

7.3

-1.6

-12.1

-10.3

0.8

-6.5

17.3

43.4

15.2

625

6.3

-1.0

-9.7

-7.8

-7.4

-7.0

22.9

46.4

13.2

- 110.27 110.27

94.26 107.58 118.76

Fontes: Banco de Cabo Verde, Ministério das Finanças e do Planeamento de Cabo Verde, Instituto Nacional de Estatística de Cabo Verde e Fundo Monetário Internacional.

Notas: 1. Alguns valores de 2013 e 2014 são ainda preliminares. 2. Novas Contas Nacionais do INE tendo em conta a metodologia do

SCN de 1993; Ano de referencia 2007; Dados retropolados de 1990 a 2006; Estimativa do INE-CV para 2012 e do MFP-CV para 2013 e

2014. 3. Valores para 2013 e 2014 calculados com base nas estimativas do Ministério das Finanças-CV. 4. Estimativas do FMI para 2013 e 2014. 5. Os valores de 2000 em diante foram calculados com base nos dados divulgados pelo Ministério das Finanças-CV apurados de acordo com a metodologia do Manual de Estatísticas de Finanças Públicas de 2001 do FMI (Manual de 1986 até então). 6. Excluindo os

Títulos Consolidados de Mobilização Financeira, emitidos pelo Estado cabo-verdiano mas cobertos pelos recursos existentes num fundo próprio (Cabo Verde Trust Fund).



25

2001

624

2002

679

2003

891

2004 2005

1,023 1,091

2006

1,237

2007

1,513

2008

1,788

2009 2010

1,712 1,664

2011

1,866

2012 2013 1 2014 1

1,756 1,870 1,970

4.9

3.9

4.6

5.3

8.0

9.5

12.2

6.7

-1.3

1.5

4.0

1.2

0.5

1.0

4.1

3.0

-2.3

0.6

1.8

5.8

4.0

6.7

-0.4

3.4

3.6

4.2

0.1

-0.4

-9.6

-10.2

-10.2

-13.0

-3.7

-6.6

-12.9

-13.7

-14.6

-13.5

-16.2

-12.6

-4.8

-7.2

-6.1

-7.9

-7.3

-10.7

-1.8

-5.2

-11.2

-12.2

-11.9

-11.1

-15.5

-11.8

-4.5

-6.8

-4.4

-5.3

-4.4

-3.4

-3.6

-2.6

-0.4

2.4

-1.6

-2.1

-0.7

-1.3

-1.3

-4.0

-6.6

-4.1

-4.1

-0.8

-2.9

-3.2

1.2

-1.6

-5.8

-10.6

-7.9

-10.3

-9.0

-8.0

22.8

28.8

27.4

27.3

28.9

26.6

22.6

18.6

20.0

21.3

21.6

23.2

23.6

23.4

48.9

50.7

48.7

47.4

47.2

44.1

39.9

38.5

42.8

52.6

58.9

69.2

77.4

81.9

9.9

14.8

8.6

10.5

15.6

18.7

9.7

7.9

3.3

5.9

3.3

6.3

11.0

7.3

110.27 110.27 110.27

110.27 110.27 110.27 110.27 110.27 110.27 110.27 110.27 110.27 110.27 110.27

124.97 106.27

88.24

81.05

93.25

83.71

75.05

78.21

76.90

83.03

85.55

83.12

80.00

90.68

Sources: Banco de Cabo Verde, Ministry of Finance and Planning of Cabo Verde, National Institute of Statistics of Cabo Verde and International Monetary Fund.

Notes: 1. Some of the figures for 2013 and 2014 are still preliminary. 2. New National Accounts prepared by the NIS-CV according to the

SNA methodology of 1993; Reference year: 2007; Data from 1990 to 2006 were extrapolated backwards; NIS-CV estimate for 2012 and

MFP-CV estimates for 2013 and 2014. 3. Figures for 2013 and 2014 were calculated from MFP-CV estimates. 4. IMF estimates for 2013 and

2014. 5. Figures from 2000 onwards were calculated from data released by the MFP-CV, which followed the methodology of the IMF's Government Finance Statistics Manual 2001 (for previous years, the 1986 Manual ). 6. Excluding the TCMF (Títulos Consolidados de Mobiliza-

ção Financeira), issued by the Republic of Cabo Verde but referring to claims on the resources of a specific fund (Cabo Verde Trust Fund).

26

BANCO DE PORTUGAL

Quadro 2.4 • Guiné-Bissau

Table 2.4 • Guinea-Bissau

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

PIB pm

GDPmp



PIB pm

GDPmp


Real growth rate

Inflação

Inflation











514

5.0

60.1

-8.4

-8.4













Massa monetária

Broad money



Taxa de câmbio EUR/XOF

EUR/XOF exchange rate

Fim de período

End of period

Taxa de câmbio USD/GWP

USD/GWP exchange rate

Fim de período

End of period

Taxa de câmbio USD/XOF

USD/XOF exchange rate

Fim de período

End of period

-0.6

0.8

145.1

-31.9

4,959

-

445

1.6

88.1

-14.8

-14.8

-1.8

-2.1

171.4

19.8

-

456

0.5

29.7

-5.5

2.2

-2.1

-1.1

172.5

14.4

-

462

3.1

19.3

-0.1

8.5

-3.4

-4.6

184.0

105.4

-

500

3.5

49.7

0.7

12.2

-0.9

3.8

179.0

-7.0

-

552

4.8

65.6

-8.2

-2.9

-0.9

3.4

169.5

3.8

8,656 11,464 15,369 21,929 34,936

-

578

6.4

16.8

-4.2

1.4

-0.7

-9.2

159.4

73.4

-

-

408

-35.1

7.9

-5.9

-5.9

-7.1

-8.6

237.9

-12.1

-

436

7.1

-7.9

-0.7

-0.7

-2.1

-5.4

215.6

21.5

-

420

7.4

16.7

4.7

8.4

-7.8

-3.4

219.6

57.6

- 655.96 655.96

259.00 275.32 294.77 534.60 490.00 523.70 598.81 562.21 652.95 704.95

-

Fontes: Banco Central dos Estados da África Ocidental, Instituto Nacional de Estatística da Guiné-Bissau, Ministério das Finanças da Guiné-

-Bissau e Fundo Monetário Internacional.

Notas: O franco CFA é a moeda da Guiné-Bissau desde abril de 1997, quando substituiu o peso guineense (1 XOF = 65 GWP).

2001

392

2002

398

2003

476

2004

531

2005

587

2006

592

2007

695

2008

863

2009

826

2010 2011

848 1,091

2012

1,072

2013 2014

1,158 1,204

0.2

-7.1

0.3

2.8

4.3

2.3

3.2

3.2

3.4

4.4

9.0

-2.2

0.9

2.9

-1.8

2.5

0.7

2.9

0.3

3.2

9.3

6.6

-4.5

5.6

3.4

1.7

-0.1

0.2

-2.9

-0.3

-1.5

2.6

-1.8

-6.6

-4.4

-3.3

-5.8

-8.3

-1.3

-7.8

-4.5

-0.3

3.6

9.5

15.0

7.7

6.0

-1.3

0.2

0.9

2.7

108.5

3.9

-4.9

-1.7

3.8

-5.3

-4.4

-5.1

-6.3

-5.2

-2.4

-3.5

-4.9

-2.6

-1.3

-0.7

-3.0

-1.9

-4.3

-4.4

-5.8

-6.4

-7.6

-6.1

-2.6

-2.5

-4.0

3.0

0.2

-0.5

-2.4

-2.3

-2.6

194.6

176.4

186.1

180.6

154.7

156.0

169.2

138.6

126.9

35.2

26.9

28.2

28.2

30.9

9.5

23.3

-64.9

42.8

20.3

5.3

30.0

25.5

6.8

29.6

39.1

-6.0

14.8

31.0

655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96

-

744.31 625.50 519.36 481.58 556.04 498.07 445.59 471.34 455.34 490.91 506.96 497.16 475.64 540.28

Sources: Banco Central dos Estados da África Ocidental (Central Bank of West African States), National Institute of Statistics of Guinea -

-Bissau, Ministry of Finance of Guinea-Bissau and International Monetary Fund.

Notes: The CFA franc (XOF) has been the currency of Guinea-Bissau since April 1997, when it replaced the Guinean peso (GWP, 1 XOF =

65 GWP).

Quadro 2.4 • Guiné-Bissau

Table 2.4 • Guinea-Bissau

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

PIB pm

GDPmp



PIB pm

GDPmp


Real growth rate

Inflação

Inflation











514

5.0

60.1

-8.4

-8.4













Massa monetária

Broad money



Taxa de câmbio EUR/XOF

EUR/XOF exchange rate

Fim de período

End of period

Taxa de câmbio USD/GWP

USD/GWP exchange rate

Fim de período

End of period

Taxa de câmbio USD/XOF

USD/XOF exchange rate

Fim de período

End of period

-0.6

0.8

145.1

-31.9

4,959

-

445

1.6

88.1

-14.8

-14.8

-1.8

-2.1

171.4

19.8

-

456

0.5

29.7

-5.5

2.2

-2.1

-1.1

172.5

14.4

-

462

3.1

19.3

-0.1

8.5

-3.4

-4.6

184.0

105.4

-

500

3.5

49.7

0.7

12.2

-0.9

3.8

179.0

-7.0

-

552

4.8

65.6

-8.2

-2.9

-0.9

3.4

169.5

3.8

8,656 11,464 15,369 21,929 34,936

-

578

6.4

16.8

-4.2

1.4

-0.7

-9.2

159.4

73.4

-

-

408

-35.1

7.9

-5.9

-5.9

-7.1

-8.6

237.9

-12.1

-

436

7.1

-7.9

-0.7

-0.7

-2.1

-5.4

215.6

21.5

-

420

7.4

16.7

4.7

8.4

-7.8

-3.4

219.6

57.6

- 655.96 655.96

259.00 275.32 294.77 534.60 490.00 523.70 598.81 562.21 652.95 704.95

-

Fontes: Banco Central dos Estados da África Ocidental, Instituto Nacional de Estatística da Guiné-Bissau, Ministério das Finanças da Guiné-

-Bissau e Fundo Monetário Internacional.

Notas: O franco CFA é a moeda da Guiné-Bissau desde abril de 1997, quando substituiu o peso guineense (1 XOF = 65 GWP).



27

2001

392

2002

398

2003

476

2004

531

2005

587

2006

592

2007

695

2008

863

2009

826

2010 2011

848 1,091

2012

1,072

2013 2014

1,158 1,204

0.2

-7.1

0.3

2.8

4.3

2.3

3.2

3.2

3.4

4.4

9.0

-2.2

0.9

2.9

-1.8

2.5

0.7

2.9

0.3

3.2

9.3

6.6

-4.5

5.6

3.4

1.7

-0.1

0.2

-2.9

-0.3

-1.5

2.6

-1.8

-6.6

-4.4

-3.3

-5.8

-8.3

-1.3

-7.8

-4.5

-0.3

3.6

9.5

15.0

7.7

6.0

-1.3

0.2

0.9

2.7

108.5

3.9

-4.9

-1.7

3.8

-5.3

-4.4

-5.1

-6.3

-5.2

-2.4

-3.5

-4.9

-2.6

-1.3

-0.7

-3.0

-1.9

-4.3

-4.4

-5.8

-6.4

-7.6

-6.1

-2.6

-2.5

-4.0

3.0

0.2

-0.5

-2.4

-2.3

-2.6

194.6

176.4

186.1

180.6

154.7

156.0

169.2

138.6

126.9

35.2

26.9

28.2

28.2

30.9

9.5

23.3

-64.9

42.8

20.3

5.3

30.0

25.5

6.8

29.6

39.1

-6.0

14.8

31.0

655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96 655.96

-

744.31 625.50 519.36 481.58 556.04 498.07 445.59 471.34 455.34 490.91 506.96 497.16 475.64 540.28

Sources: Banco Central dos Estados da África Ocidental (Central Bank of West African States), National Institute of Statistics of Guinea -

-Bissau, Ministry of Finance of Guinea-Bissau and International Monetary Fund.

Notes: The CFA franc (XOF) has been the currency of Guinea-Bissau since April 1997, when it replaced the Guinean peso (GWP, 1 XOF =

65 GWP).

28

BANCO DE PORTUGAL

Quadro 2.5 • Moçambique

Table 2.5 • Mozambique

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

PIB pm

GDPmp



PIB pm

GDPmp


Real growth rate





3,167

6.6

Inflação

Inflation







35.2

-17.5

-10.1

2,323

-5.2

54.5

-21.6

-13.6

2,460

8.8

43.6

-24.8

-17.0

2,478

6.2

70.1

-26.1

-17.4

2,528

2.2

56.7

-18.4

-12.0

3,471

14.8

15.7

-16.2

-11.8

4,113

11.1

6.3

-10.6

-7.4

4,654

11.8

-1.8

-16.6

-13.7

5,104

8.4

3.2

-16.7

-12.6













Massa monetária

Broad money



Taxa de câmbio EUR/MZM 2

EUR/MZM exchange rate 2

Fim de período

End of period

Taxa de câmbio USD/MZM 2

USD/MZM exchange rate 2

Fim de período

End of period

-1.0

-2.4

157.7

35.6

1.77

-

-2.5

-2.3

217.0

59.2

2.74

-

-0.8

-3.1

203.7

78.7

5.10

-

-3.1

-4.9

213.0

57.6

6.50

-

1.0

-3.0

216.5

54.7

10.76

-

1.0

-2.4

164.0

21.1

11.31

-

0.7

-2.2

133.3

24.4

11.60

-

0.1

-1.3

130.1

17.6

12.37

-

-0.2

-0.4

112.7

35.1

13.27

13.22

Fontes: Banco de Moçambique, Direção Nacional do Orçamento de Moçambique, Instituto Nacional de Estatística de Moçambique e Fundo

Monetário Internacional.

Notas: 1. Alguns valores de 2014 são ainda preliminares. 2. Em julho de 2006 foi efetuada uma reforma monetária, com a introdução do

Metical Nova Família, com uma taxa de conversão de 1 para 1000. Toda a série está expressa na moeda atual.

4,771

1.5

10.5

-14.6

-8.2

-0.2

-1.6

106.8

42.4

15.73

16.99

2001

4,575

2002

5,009

2003

5,585

2004 2005

6,824 7,561

2006 2007 2008

8,230

2009 2010 2011 2012 2013 2014 1

9,216 11,110 11,043 10,417 13,201 15,010 15,558 17,155

12.3

9.2

6.5

7.9

8.4

8.7

7.3

6.3

6.1

6.8

7.4

7.1

7.3

7.4

22.3

9.1

11.4

9.3

13.1

8.1

12.1

11.8

3.0

16.6

5.5

2.2

3.0

1.1

-14.2

-17.3

-14.6

-8.9

-10.1

-9.3

-8.5

-10.7

-11.3

-14.6

-22.7

-42.4

-37.9

-38.8

-6.4

6.0

-9.5

-0.4

-7.5

18.4

-2.7

-6.9

-7.4

-11.2

-19.3

-39.4

-34.8

-35.5

-0.9

-1.2

-1.2

-1.4

0.2

0.7

0.5

0.2

-0.4

1.1

2.6

3.5

6.6

7.5

-5.5

-4.1

-3.2

-3.8

-2.4

-3.6

-2.6

-2.2

-5.0

-3.8

-4.6

-4.6

-5.5

-5.7

108.0

72.0

70.5

64.7

61.5

39.9

36.0

32.7

35.7

35.9

31.9

32.2

37.3

37.3

22.7

37.2

15.3

5.9

27.0

23.3

24.2

20.3

32.6

24.6

7.8

29.4

16.3

22.2

20.15

24.16

29.18

25.31

28.02

34.47

34.83

35.25

44.15

43.65

34.96

39.24

41.24

38.40

22.89

23.34

23.35

18.60

23.68

25.74

23.65

25.09

27.51

32.83

27.14

29.51

29.93

31.60

Sources: Banco de Moçambique, National Directorate of the Budget of Mozambique, National Institute of Statistics of Mozambique and

International Monetary Fund.

Notes: 1. Some of the figures for 2014 are still preliminary. 2. A monetary reform was implemented in July 2006, introducing the Metical

New Family, with a conversion rate of 1 to 1000. The entire series is expressed in the current currency.

Quadro 2.5 • Moçambique

Table 2.5 • Mozambique

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

PIB pm

GDPmp



PIB pm

GDPmp


Real growth rate





3,167

6.6

Inflação

Inflation







35.2

-17.5

-10.1

2,323

-5.2

54.5

-21.6

-13.6

2,460

8.8

43.6

-24.8

-17.0

2,478

6.2

70.1

-26.1

-17.4

2,528

2.2

56.7

-18.4

-12.0

3,471

14.8

15.7

-16.2

-11.8

4,113

11.1

6.3

-10.6

-7.4

4,654

11.8

-1.8

-16.6

-13.7

5,104

8.4

3.2

-16.7

-12.6













Massa monetária

Broad money



Taxa de câmbio EUR/MZM 2

EUR/MZM exchange rate 2

Fim de período

End of period

Taxa de câmbio USD/MZM 2

USD/MZM exchange rate 2

Fim de período

End of period

-1.0

-2.4

157.7

35.6

1.77

-

-2.5

-2.3

217.0

59.2

2.74

-

-0.8

-3.1

203.7

78.7

5.10

-

-3.1

-4.9

213.0

57.6

6.50

-

1.0

-3.0

216.5

54.7

10.76

-

1.0

-2.4

164.0

21.1

11.31

-

0.7

-2.2

133.3

24.4

11.60

-

0.1

-1.3

130.1

17.6

12.37

-

-0.2

-0.4

112.7

35.1

13.27

13.22

Fontes: Banco de Moçambique, Direção Nacional do Orçamento de Moçambique, Instituto Nacional de Estatística de Moçambique e Fundo

Monetário Internacional.

Notas: 1. Alguns valores de 2014 são ainda preliminares. 2. Em julho de 2006 foi efetuada uma reforma monetária, com a introdução do

Metical Nova Família, com uma taxa de conversão de 1 para 1000. Toda a série está expressa na moeda atual.

4,771

1.5

10.5

-14.6

-8.2

-0.2

-1.6

106.8

42.4

15.73

16.99



29

2001

4,575

2002

5,009

2003

5,585

2004 2005

6,824 7,561

2006 2007 2008

8,230

2009 2010 2011 2012 2013 2014 1

9,216 11,110 11,043 10,417 13,201 15,010 15,558 17,155

12.3

9.2

6.5

7.9

8.4

8.7

7.3

6.3

6.1

6.8

7.4

7.1

7.3

7.4

22.3

9.1

11.4

9.3

13.1

8.1

12.1

11.8

3.0

16.6

5.5

2.2

3.0

1.1

-14.2

-17.3

-14.6

-8.9

-10.1

-9.3

-8.5

-10.7

-11.3

-14.6

-22.7

-42.4

-37.9

-38.8

-6.4

6.0

-9.5

-0.4

-7.5

18.4

-2.7

-6.9

-7.4

-11.2

-19.3

-39.4

-34.8

-35.5

-0.9

-1.2

-1.2

-1.4

0.2

0.7

0.5

0.2

-0.4

1.1

2.6

3.5

6.6

7.5

-5.5

-4.1

-3.2

-3.8

-2.4

-3.6

-2.6

-2.2

-5.0

-3.8

-4.6

-4.6

-5.5

-5.7

108.0

72.0

70.5

64.7

61.5

39.9

36.0

32.7

35.7

35.9

31.9

32.2

37.3

37.3

22.7

37.2

15.3

5.9

27.0

23.3

24.2

20.3

32.6

24.6

7.8

29.4

16.3

22.2

20.15

24.16

29.18

25.31

28.02

34.47

34.83

35.25

44.15

43.65

34.96

39.24

41.24

38.40

22.89

23.34

23.35

18.60

23.68

25.74

23.65

25.09

27.51

32.83

27.14

29.51

29.93

31.60

Sources: Banco de Moçambique, National Directorate of the Budget of Mozambique, National Institute of Statistics of Mozambique and

International Monetary Fund.

Notes: 1. Some of the figures for 2014 are still preliminary. 2. A monetary reform was implemented in July 2006, introducing the Metical

New Family, with a conversion rate of 1 to 1000. The entire series is expressed in the current currency.

30

BANCO DE PORTUGAL

Quadro 2.6 • Portugal

Table 2.6 • Portugal

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

PIB pm

GDPmp



PIB pm

GDPmp


Real growth rate

Inflação

Inflation



Balança corrente externa 2

External current account 2




Current and capital account 2



88,402 107,654 94,023 99,014 118,996 122,691 117,033 123,896 127,511 118,651

3.8

9.9

--

-0.9

3.6

8.9

--

-0.3

-1.0

6.7

--

0.0

1.5

4.3

--

-2.2

1.7

3.5

-0.1

-0.1

3.5

3.2

-4.5

-2.5

4.4

2.5

-6.2

-3.6

4.8

3.2

-7.5

-5.4

3.9

2.0

-8.9

-6.7

3.8

3.9

-10.8

-9.4

-2.6

0.8

-2.1

-2.9

-1.2

-0.3

0.9

0.9

1.8

0.9









Dívida pública

Public debt



Massa monetária 3

Broad money 3



Taxa de câmbio EUR/USD

EUR/USD exchange rate

Fim de período

End of period

Taxa de câmbio USD/PTE

USD/PTE exchange rate

Fim de período

End of period

-6.0

60.0

24.8

134.2

-

-2.9

54.5

17.0

146.8

-

-6.1

53.7

7.2

176.8

-

-6.1

56.7

9.1

159.1

-

-5.2

58.3

8.0

149.4

-

-4.7

59.5

9.0

156.4

-

-3.7

55.2

6.6

183.3

-

-4.4

51.8

6.1

171.8

-

-3.0

51.0

9.2

1.005

-

-3.2

50.3

5.8

0.931

-

Fonte: Banco de Portugal.

Notas: 1. Alguns valores de 2014 são ainda preliminares. 2. Até 1995 os valores disponíveis foram calculados usando o 4.º Manual da

Balança de Pagamentos do FMI; de 1996 em diante foi usado o 6.º Manual. 3. Os valores até 1997 refletem a evolução do agregado M2- da síntese monetária de Portugal; de 1998 em diante respeitam à contribuição portuguesa para o M2 da Área do Euro, excluindo a circulação monetária.

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1

121,647 134,872 165,334 189,535 197,380 208,742 240,479 263,086 244,715 238,533 245,224 216,358 224,973 229,901

1.9

0.8

-0.9

1.8

0.8

1.6

2.5

0.2

-3.0

1.9

-1.8

-4.0

-1.6

0.9

3.8

4.0

2.4

2.5

2.6

2.5

2.7

0.8

0.0

2.5

3.6

1.9

0.2

-0.4

-10.4

-8.5

-7.2

-8.3

-9.9

-10.7

-9.7

-12.1

-10.4

-10.1

-6.0

-2.1

1.4

0.6

-8.9

-6.6

-5.0

-6.6

-8.5

-9.5

-8.6

-10.9

-9.3

-8.8

-4.5

0.0

3.1

2.1

-0.2

0.0

-0.9

-1.9

-2.5

-1.2

-0.2

-0.7

-5.7

-5.2

-4.1

-4.1

-2.7

-2.0

-4.8

-3.3

-4.4

-6.2

-6.2

-4.3

-3.0

-3.8

-9.8

-11.2

-7.4

-5.6

-4.8

-4.5

53.4

56.2

58.7

62.0

67.4

69.2

68.4

71.7

83.6

96.2

111.1

125.8

129.7

130.2

6.9

-0.9

4.2

5.3

5.9

3.9

8.8

8.3

-5.4

0.7

-1.5

-8.5

1.1

0.8

0.881

1.049

1.263

1.362

1.180

1.317

1.472

1.392

1.441

1.336

1.294

1.319

1.379

1.214

-

Source: Banco de Portugal.

Notes: 1. Some of the figures for 2014 are still preliminary. 2. Up to 1995, available figures were calculated according to the Fourth Edition of the IMF's Balance of Payments Manual; from 1996 onwards, the Sixth Edition was used. 3. Figures up to 1997 refer to the M2- aggregate in the Portuguese monetary survey; from 1998 onwards, they refer to the Portuguese contribution to the euro area M2 aggregate, excluding currency outside banks.

Quadro 2.6 • Portugal

Table 2.6 • Portugal

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

PIB pm

GDPmp



PIB pm

GDPmp


Real growth rate

Inflação

Inflation



Balança corrente externa 2

External current account 2







88,402 107,654 94,023 99,014 118,996 122,691 117,033 123,896 127,511 118,651

3.8

9.9

--

-0.9

3.6

8.9

--

-0.3

-1.0

6.7

--

0.0

1.5

4.3

--

-2.2

1.7

3.5

-0.1

-0.1

3.5

3.2

-4.5

-2.5

4.4

2.5

-6.2

-3.6

4.8

3.2

-7.5

-5.4

3.9

2.0

-8.9

-6.7

3.8

3.9

-10.8

-9.4

-2.6

0.8

-2.1

-2.9

-1.2

-0.3

0.9

0.9

1.8

0.9









Dívida pública

Public debt



Massa monetária 3

Broad money 3





Fim de período

End of period

Taxa de câmbio USD/PTE

USD/PTE exchange rate

Fim de período

End of period

-6.0

60.0

24.8

134.2

-

-2.9

54.5

17.0

146.8

-

-6.1

53.7

7.2

176.8

-

-6.1

56.7

9.1

159.1

-

-5.2

58.3

8.0

149.4

-

-4.7

59.5

9.0

156.4

-

-3.7

55.2

6.6

183.3

-

-4.4

51.8

6.1

171.8

-

-3.0

51.0

9.2

1.005

-

-3.2

50.3

5.8

0.931

-

Fonte: Banco de Portugal.

Notas: 1. Alguns valores de 2014 são ainda preliminares. 2. Até 1995 os valores disponíveis foram calculados usando o 4.º Manual da

Balança de Pagamentos do FMI; de 1996 em diante foi usado o 6.º Manual. 3. Os valores até 1997 refletem a evolução do agregado M2- da síntese monetária de Portugal; de 1998 em diante respeitam à contribuição portuguesa para o M2 da Área do Euro, excluindo a circulação monetária.



31

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1

121,647 134,872 165,334 189,535 197,380 208,742 240,479 263,086 244,715 238,533 245,224 216,358 224,973 229,901

1.9

0.8

-0.9

1.8

0.8

1.6

2.5

0.2

-3.0

1.9

-1.8

-4.0

-1.6

0.9

3.8

4.0

2.4

2.5

2.6

2.5

2.7

0.8

0.0

2.5

3.6

1.9

0.2

-0.4

-10.4

-8.5

-7.2

-8.3

-9.9

-10.7

-9.7

-12.1

-10.4

-10.1

-6.0

-2.1

1.4

0.6

-8.9

-6.6

-5.0

-6.6

-8.5

-9.5

-8.6

-10.9

-9.3

-8.8

-4.5

0.0

3.1

2.1

-0.2

0.0

-0.9

-1.9

-2.5

-1.2

-0.2

-0.7

-5.7

-5.2

-4.1

-4.1

-2.7

-2.0

-4.8

-3.3

-4.4

-6.2

-6.2

-4.3

-3.0

-3.8

-9.8

-11.2

-7.4

-5.6

-4.8

-4.5

53.4

56.2

58.7

62.0

67.4

69.2

68.4

71.7

83.6

96.2

111.1

125.8

129.7

130.2

6.9

-0.9

4.2

5.3

5.9

3.9

8.8

8.3

-5.4

0.7

-1.5

-8.5

1.1

0.8

0.881

1.049

1.263

1.362

1.180

1.317

1.472

1.392

1.441

1.336

1.294

1.319

1.379

1.214

-

Source: Banco de Portugal.

Notes: 1. Some of the figures for 2014 are still preliminary. 2. Up to 1995, available figures were calculated according to the Fourth Edition of the IMF's Balance of Payments Manual; from 1996 onwards, the Sixth Edition was used. 3. Figures up to 1997 refer to the M2- aggregate in the Portuguese monetary survey; from 1998 onwards, they refer to the Portuguese contribution to the euro area M2 aggregate, excluding currency outside banks.

32

BANCO DE PORTUGAL

Quadro 2.7 • São Tomé e Príncipe

Table 2.7 • São Tomé and Príncipe

1991

PIB pm

GDPmp



PIB pm

GDPmp


Real growth rate





108

1.2

Inflação

Inflation







36.3

-36.0

-25.3

-5.8













Massa monetária

Broad money



-19.8

154.8

28.6

Taxa de câmbio EUR/STD

EUR/STD exchange rate

Fim de período

End of period

Taxa de câmbio USD/STD

USD/STD exchange rate

Fim de período

End of period

280

-

1992

96

0.7

27.5

-35.6

-24.2

-4.8

-19.8

198.6

165.5

30.6

376

-

1993

127

1.1

21.0

-26.8

-18.8

-5.5

-12.6

89.7

-

1994

132

2.2

37.9

-23.5

-13.3

-6.7

-16.1

167.5

62.7

517 1,185

-

1995

105

2.0

29.5

-39.4

-17.7

-3.2

-16.3

235.0

47.4

1,757

-

1996

136

1.5

51.7

-26.1

-10.3

-4.5

-10.6

92.3

2,833

-

1997 1998

93 73

1.0

80.5

-6.8

6.2

-5.8

-12.7

172.7

257.1

84.4

-

2.5

20.9

-14.4

-9.0

-5.2

-17.1

354.5

24.7

6,970 6,885

-

1999

78

2.5

12.6

-22.2

-0.3

-4.7

-15.6

413.3

0.8

7,353

7,300

2000

77

0.4

9.6

-26.1

63.8

-1.6

-10.0

396.9

28.8

7,995

8,611

Fontes: Banco Central de São Tomé e Príncipe, Ministério das Finanças e da Administração Pública de São Tomé e Príncipe e Fundo Mo netário Internacional.

Notas: 1. Alguns dos valores de 2014 são ainda preliminares. 2. O alívio de dívida e os bónus petrolíferos estão registados como transferências de capital.

2001

77

2002

85

2003

101

2004

111

2005

124

2006

135

2007

144

2008

184

2009

196

2010

200

2011

246

2012

264

2013 2014 1

300 336

3.1

2.0

6.7

4.5

1.6

12.6

2.0

9.1

4.0

4.5

4.9

4.0

4.0

4.5

9.4

9.0

10.0

15.2

17.2

24.6

27.6

24.8

16.1

12.9

11.9

10.4

7.1

6.4

-35.2

-31.4

-28.0

-33.5

-29.3

-42.6

-44.6

-50.9

-40.1

-43.3

-42.4

-37.5

-26.4

-31.1

-12.7

-14.2

-9.5

-17.2

23.8

-25.2

111.4

-20.6

-19.8

-22.5

-23.6

-22.8

-16.8

-23.9

-4.8

-5.7

-4.4

-10.4

-9.0

-6.0

-5.8

-3.8

-3.6

-1.6

-1.4

-2.1

-0.8

-2.9

-12.8

-10.4

-9.9

-16.1

34.2

-11.0

122.2

14.7

-18.0

-10.5

-12.6

-10.8

-1.5

-6.4

402.8

341.8

307.5

327.8

299.5

265.9

104.0

59.9

69.2

78.2

73.8

86.4

77.4

72.5

33.8

25.4

53.8

1.0

45.4

31.5

34.3

36.9

8.2

25.1

10.5

20.3

14.0

16.8

7,949 9,580 11,816 13,745 14,107 17,222 21,101 21,469 24,109 24,500 24,500 24,500 24,500 24,500

9,020 9,192 9,456 10,104 11,930 13,074 14,362 15,228 16,814 18,587 19,151 18,724 17,909 20,299

Sources: Banco Central de São Tomé e Príncipe, Ministry of Finance and Public Administration of São Tomé and Príncipe and International

Monetary Fund.

Notes: 1. Some of the figures for 2014 are still preliminary. 2. Debt relief and oil signature bonuses are recorded as capital transfers.

Quadro 2.7 • São Tomé e Príncipe

Table 2.7 • São Tomé and Príncipe

1991

PIB pm

GDPmp



PIB pm

GDPmp


Real growth rate





108

1.2

Inflação

Inflation







36.3

-36.0

-25.3

-5.8













Massa monetária

Broad money



-19.8

154.8

28.6

Taxa de câmbio EUR/STD

EUR/STD exchange rate

Fim de período

End of period

Taxa de câmbio USD/STD

USD/STD exchange rate

Fim de período

End of period

280

-

1992

96

0.7

27.5

-35.6

-24.2

-4.8

-19.8

198.6

165.5

30.6

376

-

1993

127

1.1

21.0

-26.8

-18.8

-5.5

-12.6

89.7

-

1994

132

2.2

37.9

-23.5

-13.3

-6.7

-16.1

167.5

62.7

517 1,185

-

1995

105

2.0

29.5

-39.4

-17.7

-3.2

-16.3

235.0

47.4

1,757

-

1996

136

1.5

51.7

-26.1

-10.3

-4.5

-10.6

172.7

92.3

2,833

-

1997 1998

93 73

1.0

80.5

-6.8

6.2

-5.8

-12.7

84.4

6,970

-

2.5

20.9

-14.4

-9.0

-5.2

-17.1

257.1

354.5

24.7

-

1999

78

2.5

12.6

-22.2

-0.3

-4.7

-15.6

413.3

0.8

7,353

6,885 7,300

2000

77

0.4

9.6

-26.1

63.8

-1.6

-10.0

396.9

28.8

7,995

8,611

Fontes: Banco Central de São Tomé e Príncipe, Ministério das Finanças e da Administração Pública de São Tomé e Príncipe e Fundo Mo netário Internacional.

Notas: 1. Alguns dos valores de 2014 são ainda preliminares. 2. O alívio de dívida e os bónus petrolíferos estão registados como transferências de capital.



33

2001

77

2002

85

2003

101

2004

111

2005

124

2006

135

2007

144

2008

184

2009

196

2010

200

2011

246

2012

264

2013 2014 1

300 336

3.1

2.0

6.7

4.5

1.6

12.6

2.0

9.1

4.0

4.5

4.9

4.0

4.0

4.5

9.4

9.0

10.0

15.2

17.2

24.6

27.6

24.8

16.1

12.9

11.9

10.4

7.1

6.4

-35.2

-31.4

-28.0

-33.5

-29.3

-42.6

-44.6

-50.9

-40.1

-43.3

-42.4

-37.5

-26.4

-31.1

-12.7

-14.2

-9.5

-17.2

23.8

-25.2

111.4

-20.6

-19.8

-22.5

-23.6

-22.8

-16.8

-23.9

-4.8

-5.7

-4.4

-10.4

-9.0

-6.0

-5.8

-3.8

-3.6

-1.6

-1.4

-2.1

-0.8

-2.9

-12.8

-10.4

-9.9

-16.1

34.2

-11.0

122.2

14.7

-18.0

-10.5

-12.6

-10.8

-1.5

-6.4

402.8

341.8

307.5

327.8

299.5

265.9

104.0

59.9

69.2

78.2

73.8

86.4

77.4

72.5

33.8

25.4

53.8

1.0

45.4

31.5

34.3

36.9

8.2

25.1

10.5

20.3

14.0

16.8

7,949 9,580 11,816 13,745 14,107 17,222 21,101 21,469 24,109 24,500 24,500 24,500 24,500 24,500

9,020 9,192 9,456 10,104 11,930 13,074 14,362 15,228 16,814 18,587 19,151 18,724 17,909 20,299

Sources: Banco Central de São Tomé e Príncipe, Ministry of Finance and Public Administration of São Tomé and Príncipe and International

Monetary Fund.

Notes: 1. Some of the figures for 2014 are still preliminary. 2. Debt relief and oil signature bonuses are recorded as capital transfers.

34

BANCO DE PORTUGAL

Quadro 2.8 • Timor-Leste

Table 2.8 • Timor-Leste

PIB pm

GDPmp



PIB pm não-petrolífero

Non-oil GDPmp




Non-oil GDPmp


Real growth rate

Inflação

Inflation



















Fundo do Petróleo

Petroleum Fund

Fim de período, milhões de USD

End of period, USD millions

Massa monetária

Broad money





Fim de período

End of period

1991

-

-

-

-

-

-

-

-

-

-

-

1992

-

-

-

-

-

-

-

-

-

-

-

1993

-

-

-

-

-

-

-

-

-

-

-

1994

-

-

-

-

-

-

-

-

-

-

-

1995

-

-

-

-

-

-

-

-

-

-

-

1996

-

-

-

-

-

-

-

-

-

-

-

1997

-

-

-

-

-

-

-

-

-

-

-

1998

-

-

-

-

-

-

-

-

-

-

-

1999

-

-

-

-

-

-

-

-

-

-

-

2000

445

368

13.7

-61.8

-45.8

-0.7

1.8

0.931

-

-

-

Fontes: Banco Central de Timor-Leste, Banco de Portugal e Fundo Monetário Internacional.

Nota: Até 2007, o ano fiscal decorria de 1 de julho a 30 de junho. Valores disponíveis apenas para o período iniciado pouco antes da independência

(2002)

2001

496

2002

486

2003 2004

506

2005

1,089 1,813

2006

2,824

2007

2,965

2008 2009

4,438 3,290

2010

4,215

2011

5,727

2012

5,579

2013 2014

4,941 4,510

452 444 453 466 491 463 559 694 818 934 1,123 1,270 1,392 1,609

16.3

-6.7

-2.2

0.4

6.3

-5.7

11.4

14.3

12.9

9.5

14.7

7.8

5.4

6.6

-0.3

9.5

4.2

1.8

0.9

7.2

8.6

7.5

1.7

9.2

17.4

11.7

4.0

-0.1

-63.1

-26.5

-4.7

2.4

14.3

19.3

39.4

46.0

39.0

39.8

41.1

49.0

48.4

24.3

-48.2

-14.4

4.0

6.2

16.7

20.7

40.5

46.4

39.9

40.5

41.5

49.5

48.8

24.2

-2.6

-2.0

2.4

29.5

32.1

29.2

55.4

63.8

42.1

45.8

53.4

61.1

49.9

33.8

0.4

2.8

9.8

32.9

30.2

28.5

53.5

58.5

31.3

39.7

43.2

52.0

39.7

23.5

370 1,012 2,086 4,197 5,377 6,904 9,311 11,775 14,986 16,539

155.5

6.8

41.1

6.9

18.3

28.2

43.9

34.1

29.6

18.2

9.3

26.2

22.9

19.9

0.881

1.049

1.263

1.362

1.180

1.317

1.472

1.392

1.441

1.336

1.294

1.319

1.379

1.214

Sources: Banco Central de Timor-Leste, Banco de Portugal and International Monetary Fund.

Note: Until 2007, the fiscal year went from 1 July to 30 June of each calendar year. Data available only for the period starting just before independence (2002)

Quadro 2.8 • Timor-Leste

Table 2.8 • Timor-Leste

PIB pm

GDPmp




Non-oil GDPmp




Non-oil GDPmp


Real growth rate

Inflação

Inflation



















Fundo do Petróleo

Petroleum Fund

Fim de período, milhões de USD

End of period, USD millions

Massa monetária

Broad money





Fim de período

End of period

1991

-

-

-

-

-

-

-

-

-

-

-

1992

-

-

-

-

-

-

-

-

-

-

-

1993

-

-

-

-

-

-

-

-

-

-

-

1994

-

-

-

-

-

-

-

-

-

-

-

1995

-

-

-

-

-

-

-

-

-

-

-

1996

-

-

-

-

-

-

-

-

-

-

-

1997

-

-

-

-

-

-

-

-

-

-

-

1998

-

-

-

-

-

-

-

-

-

-

-

1999

-

-

-

-

-

-

-

-

-

-

-

2000

445

368

13.7

-61.8

-45.8

-0.7

1.8

0.931

-

-

-

Fontes: Banco Central de Timor-Leste, Banco de Portugal e Fundo Monetário Internacional.

Nota: Até 2007, o ano fiscal decorria de 1 de julho a 30 de junho. Valores disponíveis apenas para o período iniciado pouco antes da independência

(2002)



35

2001

496

2002

486

2003 2004

506

2005

1,089 1,813

2006

2,824

2007

2,965

2008 2009

4,438 3,290

2010

4,215

2011

5,727

2012

5,579

2013 2014

4,941 4,510

452 444 453 466 491 463 559 694 818 934 1,123 1,270 1,392 1,609

16.3

-6.7

-2.2

0.4

6.3

-5.7

11.4

14.3

12.9

9.5

14.7

7.8

5.4

6.6

-0.3

9.5

4.2

1.8

0.9

7.2

8.6

7.5

1.7

9.2

17.4

11.7

4.0

-0.1

-63.1

-26.5

-4.7

2.4

14.3

19.3

39.4

46.0

39.0

39.8

41.1

49.0

48.4

24.3

-48.2

-14.4

4.0

6.2

16.7

20.7

40.5

46.4

39.9

40.5

41.5

49.5

48.8

24.2

-2.6

-2.0

2.4

29.5

32.1

29.2

55.4

63.8

42.1

45.8

53.4

61.1

49.9

33.8

0.4

2.8

9.8

32.9

30.2

28.5

53.5

58.5

31.3

39.7

43.2

52.0

39.7

23.5

370 1,012 2,086 4,197 5,377 6,904 9,311 11,775 14,986 16,539

155.5

6.8

41.1

6.9

18.3

28.2

43.9

34.1

29.6

18.2

9.3

26.2

22.9

19.9

0.881

1.049

1.263

1.362

1.180

1.317

1.472

1.392

1.441

1.336

1.294

1.319

1.379

1.214

Sources: Banco Central de Timor-Leste, Banco de Portugal and International Monetary Fund.

Note: Until 2007, the fiscal year went from 1 July to 30 June of each calendar year. Data available only for the period starting just before independence (2002)

Document 12022335

SÉRIES LONGAS

MACROECONÓMICAS

DOS PAÍSES DE LÍNGUA

PORTUGUESA

Historical Macroeconomic

Series of the Portuguesespeaking Countries

Departamento de Relações Internacionais

International Relations Department

Lisboa, 2015 • www.bportugal.pt

Índice

Nota Prévia Preliminary Note

Related documents

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Document 12022335

SÉRIES LONGAS

MACROECONÓMICAS

DOS PAÍSES DE LÍNGUA

PORTUGUESA

Historical Macroeconomic

Series of the Portuguesespeaking Countries

Departamento de Relações Internacionais

International Relations Department

Lisboa, 2015 • www.bportugal.pt

Índice

Nota Prévia Preliminary Note

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