STATISTICAL PRESS RELEASE
30|2016
Balance of Payments
January 2016
March17th, 2016
Banco de Portugal publishes today, in tables A.16
exports is manly justified by a decrease in revenues
and A.17 of the Statistical Bulletin and in BPstat, the
balance of payments statistics for January 2016.
from Angola (-58 per cent of year-on-year growth
rate) with a contribution of -6.4 percentage points
to the total.
The balance of the current and capital account
amounted to -0.1 billion euros, 0.2 billion euros less
than in January 2015 (Chart 1). For that evolution all
current account components – except goods – and
The balance of the financial account showed a reduction in the Portuguese net foreign assets
amounting to 374 million euros. This evolution is
the capital account contributed (Chart 2).
manly explained by banks, even though the central
bank evolved on an opposite direction, and by the
general government.
The goods and services account balance decreased
0.05 billion euros as compared to the same month
of the previous year. Such evolution was determined by the services account, with exports showing a larger decrease than imports (-4.3 and -2.0 per
The negative variation on the net foreign assets derived from a reduction on deposits held abroad by
resident banks and from the net issuance of debt
cent year-on-year growth rates, respectively). In this
context the Travel item should be noted, as its bal-
securities for the general government. Reversely,
the central bank showed an increase of net foreign
ance decreased as compared with the same period
of the previous year, similarly to December, reflecting the behavior of both exports (-2.1 per cent) and
assets (Chart 4), associated to a reduction of Target
liabilities (net intra Eurosystem claims).
imports (+5.1 per cent) (Chart 3). The decrease in
Chart 1 • Current and capital accounts
Chart 2 • Current and capital accounts balance,
by main components
20 000
200
3 500
10 000
Million euros
2 000
1 500
1 000
100
0
0
-100
-10 000
500
0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
-1 000
jan feb mar apr may jun jul aug sep oct nov dec
2014
2015
2016
Capital account
Income
Goods and services
Current and capital accounts
jan-16
-200
-20 000
-500
jan-15
Million euros
2 500
Million euros
3 000
BANCO DE PORTUGAL • Balance of Payments
Chart 3 • Services and travel accounts (monthly
developments)
Chart 4 • Net external assets change, by institutional sector
40 000
2 000
10 000
1 500
Million euros
20 000
1 000
500
5 000
10 000
0
0
Million euros
30 000
Million euros
-10 000
-5 000
-20 000
Jan-15
Apr-15
Jul-15
Oct-15
Jan-16
-40 000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Travel - exports
Travel - imports
Services - balance
Travel - balance
Central bank
Finantial corp, excl. central bank
Net foreign assets changes
Additional 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: April 20th, 2016
Banco de Portugal | info@bportugal.pt
jan-16
-30 000
0
jan-15
2
General government
Non-financial corp. and households
-10 000