Supplement 3/2005 to the Statistical Bulletin, November 2005
Available on
www.bportugal.pt
Publications and Statistics
Banco de Portugal
Departamento de Estatística
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1150-012 Lisboa
Portugal
Distribution
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Printing
Guide – Artes Gráficas
Number of copies
2,300
Legal deposit no. ....
ISSN 0872-9751
National Financial Accounts for the Portuguese Economy
TABLE OF CONTENTS
1. INTRODUCTION ..........................................................................................................................................................................
5
2. METHODOLOGY ..........................................................................................................................................................................
2.1 Scope ........................................................................................................................................................................
2.2 Information sources.....................................................................................................................................................
2.3 Valuation of financial assets .........................................................................................................................................
2.4 Sectoral consolidation .................................................................................................................................................
5
5
6
6
7
3. PRESENTATION OF RESULTS ....................................................................................................................................................
7
ANNEX
F.2.1.1 National Financial Accounts – Financial Assets and Liabilities
By institutional sector and financial instrument – 1999 ..........................................................................................................
F.2.1.2 National Financial Accounts – Financial Assets and Liabilities
By institutional sector and financial instrument – 2000 ..........................................................................................................
F.2.1.3 National Financial Accounts – Financial Assets and Liabilities
By institutional sector and financial instrument – 2001 ..........................................................................................................
F.2.1.4 National Financial Accounts – Financial Assets and Liabilities
By institutional sector and financial instrument – 2002 ..........................................................................................................
F.2.1.5 National Financial Accounts – Financial Assets and Liabilities
By institutional sector and financial instrument – 2003 ..........................................................................................................
F.2.1.6 National Financial Accounts – Financial Assets and Liabilities
By institutional sector and financial instrument – 2004 ..........................................................................................................
F.2.2.1 National Financial Accounts – Financial Assets and Liabilities
Total economy ...................................................................................................................................................................
F.2.2.2 National Financial Accounts – Financial Assets and Liabilities
Institutional sector – Non-financial corporations ...................................................................................................................
F.2.2.3 National Financial Accounts – Financial Assets and Liabilities
Institutional sector – Financial corporations .........................................................................................................................
F.2.2.4 National Financial Accounts – Financial Assets and Liabilities
Institutional sector - General government ............................................................................................................................
F.2.2.5 National Financial Accounts – Financial Assets and Liabilities
Institutional sector – Households ........................................................................................................................................
F.2.2.6 National Financial Accounts – Financial Assets and Liabilities
Institutional sector – Rest of the world .................................................................................................................................
F.2.3.1 National Financial Accounts – Financial Assets and Liabilities
Financial instrument – Currency and deposits ....................................................................................................................
F.2.3.2 National Financial Accounts – Financial Assets and Liabilities
Financial instrument – Securities other than shares ............................................................................................................
F.2.3.3 National Financial Accounts – Financial Assets and Liabilities
Financial instrument – Loans ..............................................................................................................................................
F.2.3.4 National Financial Accounts – Financial Assets and Liabilities
Financial instrument – Shares and other equity ..................................................................................................................
13
14
15
16
17
18
19
20
21
22
23
24
25
25
26
26
SUPPLEMENTS TO THE STATISTICAL BULLETIN ........................................................................................................................ 27
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
3
National Financial Accounts for the Portuguese Economy
1. INTRODUCTION
In June 2005 the Banco de Portugal began publishing a new set of statistics, covering financial transactions in the Portuguese
economy. The set can be found in Chapter F, National Financial Accounts. 1 It was announced at the time that regular annual
information on financial stocks would later be made available, detailing end of period data on financial assets and liabilities. This is
now coming on stream and forms a separate section of Chapter F (Section F.2, National Financial Accounts–Financial Assets and
Liabilities).
This new set of tables follows the layout of the tables used for financial transactions in section F.1 and covers the 1999-2004 period.
In addition, this issue of the Statistical Bulletin includes revisions to the tables in section F.1. The changes derive from the use of two
new sources: (i) additional financial information available subsequent to publication and aimed at ensuring consistency between
transactions and end-period stocks over time; (ii) a change to the basis for national accounts introduced recently by the National
Statistical Institute, affecting the lending capacity and the borrowing requirement of institutional sectors of the economy.
The conceptual basis for the National Financial Accounts is the European System of National and Regional Accounts, known by its
English acronym ESA 95. The points below sum up the main methodological procedures necessary for an accurate interpretation
of the new tables on financial assets and liabilities published here.
2. METHODOLOGY
2.1 Scope
The Financial Accounts are an integral part of the National Accounts. They are a simplified statistical representation of the financing
structure and net financial assets of the economy. The information is presented in matrix format, enabling identification of (a)
economic agents broken down into five institutional sectors (Non-financial corporations, Financial corporations, General government,
Households and Rest of the world) 2 and (b) financial transactions in the economy, grouped under seven financial instruments
(Monetary gold and special drawing rights, Currency and deposits, Securities other than shares, Loans, Shares and other equity,
Technical insurance reserves and Other debits and credits).3
The National Financial Accounts contain two kinds of information: flows and stocks. Stocks correspond to financial assets and/or
liabilities held at the end of each accounting period. Since the system of national financial accounts is all-embracing, every change
in asset holding should be related to the flows in the system, whether the result of transactions or other changes in assets.
“Other changes in assets” make up the changes which are not triggered by transactions. They include above all “other changes in
volume” and “gains and losses in holdings.” “Other changes in volume” include the appearance or disappearance of assets (such
as the monetarisation of gold), changes in assets and liabilities as a result of extraordinary events (such as natural catastrophes,
wars and unilateral debt relief) and changes in classification or structure of institutional entities or instruments (for example, the
reclassification of fund management companies from the Financial corporation sector to the Non-financial corporation sector, or a
merger involving two institutions originally classified in different subsectors of Financial corporations). “Gains and losses in holdings”
derive from fluctuations in prices, such as changes in share value and/or exchange rate for instruments denominated in foreign
currency.
1
In June 2005, the Banco de Portugal published a supplement to its Statistical Bulletin containing a description of the methodology used to compile the financial
accounts. See “National Financial Accounts for the Portuguese Economy. Methodological notes and statistical results for 2000-2004,” Supplement 2/2005 to
the Statistical Bulletin, June 2005.
2
See “National Financial Accounts for the Portuguese Economy. Methodological notes and statistical results for 2000-2004,” Section 2.2 Breakdown by
institutional sectors, Supplement 2/2005 to the Statistical Bulletin, June 2005.
3
See “National Financial Accounts for the Portuguese Economy. Methodological notes and statistical results for 2000-2004,” Section 2.3 Breakdown by
instruments, Supplement 2/2005 to the Statistical Bulletin, June 2005.
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
5
National Financial Accounts for the Portuguese Economy
One of the main aims of financial accounts for stocks is to ascertain the net financial assets for each institutional sector, that is the
difference between financial assets and liabilities. 4 A sector positive/negative net financial assets means that it is a creditor/debtor
when measured in terms of financial assets and liabilities. The net financial assets do not of course reflect all the stocks of a given
sector, since it is likely to include real assets. In simple terms, the negative position, which is a normal business feature, can be seen
as counterbalanced by real assets, obtained either through capital formation or the accumulation of non-produced real assets such
as land.
2.2 Information sources
The main sources for financial accounts are internal to the Banco de Portugal: monetary and financial statistics, which provide data
on Financial monetary institutions and Other financial intermediaries and financial auxiliaries supervised by the Banco de Portugal;
statistics on the balance of payments and the international investment position, which provide information on all transactions with and
positions vis-à-vis non-residents; the central balance sheet database, which provides annual and quarterly information on Nonfinancial corporations; and securities statistics, which provide information on the issues of securities and on holders of debt
instruments or share portfolios.
The main external sources are: (a) the Portuguese Insurance Institute (ISP), the Portuguese Association for Investment Funds,
Pensions and Financial Assets, and the Portuguese Insurance Association, providing information on the insurance and pension
fund sector; and (b) the Public Credit Management Institute, the Institute for Management of Social Security Capitalisation Funds and
the Ministry of Finance, providing an array of relevant information for the compilation of General government accounts.
The National Statistical Institute acts as a sounding-board for the methodology of the national accounts and also provides additional
information, notably for financial institutions not supervised by the Banco de Portugal, Non-financial corporations and General
government.
2.3 Valuation of financial assets
Financial assets and liabilities should be recorded at market value. Financial transactions are recorded at the value of each
transaction. Assets relating to Shares and other equity, for instance, are recorded according to listing if quoted or the own funds
concept otherwise. 5 This procedure is also used for securities issued (financial liabilities) and for portfolios held in various
institutional sectors (financial assets). Above all, where price changes are concerned, it is possible to get information on a case-by-case
security valuation, by recourse to the integrated system of securities statistics, which is permanently updated.
Another case of mark-to-market valuation relates to the recording of financial assets which earn interest on an accrual basis.
Returns accruing over the life span of securities, for instance, are recorded as reinvestments in the underlying instrument and this
means that they are recorded not by their nominal value but at mark-to-market including interest payments.
The changes in stocks of financial assets are also used to estimate certain financial transactions when no direct observation is
available. In these cases, the figures are reached from the changes in assets adjusted according to changes which do not reflect
financial transactions, such as write-offs (in the case of non-performing loans), exchange-rate fluctuations, price changes and
reclassifications.
4
It should be noted that the sum of the net financial assets of the resident sectors of the economy is not symmetric to the net financial assets of the Rest of the
world, since Monetary gold and special drawing rights are, in accordance with ESA95, considered an asset for the Financial corporations sector but not a
liability for the Rest of the world.
5
Own funds are equity capital, reserves, supplementary capital injections, net income carried over from previous years and net income for the year. This
criterion is an internationally accepted way of using figures recorded in company accounts to reach a figure tantamount to market value.
6
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
Statistics on Financial Assets and Liabilities for 1999-2004
2.4 Sectoral consolidation
Consolidation consists in cancelling out transactions and assets between entities in the same institutional sector or subsector.
Consolidated accounts therefore make it easier to understand how financing of the economy works between sectors that are net
creditors and those that are net debtors. On the basis of this consolidated information, it is possible to reach the total for the economy
by adding up the accounts relating to Non-financial corporations, Financial corporations, General government and Households.
3. PRESENTATION OF THE RESULTS
The statistical information presented here relates to three series of tables. They make up the new Section of Chapter F of the
Statistical Bulletin (Section F.2, National Financial Accounts - Assets and Liabilities) and will be found in the Annex to this document.
The first series contains tables F.2.1.1 to F.2.1.6, the second contains tables F.2.2.1 to F.2.2.6, and the third contains tables F.2.3.1
to F.2.3.4. The three series present the same information organised in a different way, and thus provide the opportunity for various
analytical perspectives.
The first series (see tables F.2.1.1 to F.2.1.6) gives an overview of the financial assets and liabilities for each year as follows:
• by rows: financial instruments;
• by columns: institutional sectors.
The second series (see tables F.2.2.1 to F.2.2.6) provides information for the whole economy and for each institutional sector as
follows:
• by rows: financial instruments;
• by columns: years relating to financial assets and liabilities.
The third series (see tables F.2.3.1 to F.2.3.4) details the financial instruments as follows:
• by rows: institutional sectors;
• by columns: years relating to financial assets and liabilities.
The findings for the 1999-2004 period confirm that Households and the Rest of the world are the sectors with positive net financial
assets (as a consequence also of their being the main financing agents of the economy). Corporations, above all Non-financial
corporations, along with General government (to a lesser extent) are those with negative net financial assets. Over the five-year
period under review, the net financial assets of Households and the Rest of the world rose, while Non-financial corporations and
General government fell.
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
7
National Financial Accounts for the Portuguese Economy
Chart I. Net financial assets in institutional sectors, 1999-2004
170
120
EUR billions
70
20
-30
-80
-130
-180
1999
2000
Non-Financial corporations
2001
Rest of the world
2002
Financial corporations
2003
General government
2004
Households
As far as Non-financial corporations are concerned, there is a notable fall in the net financial assets. This moved from €-123.7 billion
in 1999 to €-167.1 billion in 2004. The significantly high level of the negative financial assets in this sector can be explained
fundamentally by the high level of liabilities in Loans and in Shares and other equity. And as a result of the rise in these liabilities,
there is a fall in the net financial assets over the period, with net assets in Loans moving from €-65.7 billion in 1999 to €-104.9 billion
in 2004 and net assets in Shares and other equity moving from €-83.6 billion in 1999 to €-96.6 billion in 2004. Part of the change
in Shares and other equity has been due to a rise in the market value of these liabilities. It should also be pointed out that there has
been a rise in the figure for Currency and deposits, from €29.1 billion to €37.6 billion over the years under review.
General government has posted negative net financial assets which worsened from €-33.8 billion in 1999 to €-57.6 billion in 2004,
fundamentally as a result of the increased recourse to public debt issues. This can be seen in the movement in Securities other than
shares, which tracked in net terms from €-47.2 billion in 1999 to €-69.1 billion in 2004, above all due to the issue of Treasury bonds
and more recently Treasury bills. In 2004 there was a substantial rise in the issue of short-term debt as a proportion of the total debt
issue of this sector.
The net financial assets of Households rose from €135.4 billion in 1999 to €158.1 billion in 2004. Most of the financial assets of this
sector are made up of Currency and deposits (€117.2 billion in 2004) and Shares and other equity (€89.7 billion in 2004). There
is also an increasing rise in the proportion of Securities other than shares, which moved from €10.7 billion in 1999 to €28.9 billion
in 2004. Shares and other equity also rose, from €70.4 billion to €89.7 billion. This move can be explained not only by the
transactions in shares but also by price variations, mentioned above in the context of liabilities for Non-financial corporations. Loans
are the main financial liabilities of Households, especially long-term (for house purchase). The figure here rose from €61.6 billion
to €112.2 during the period under review.
The net financial assets of the Rest of the world over and against the domestic sectors of the economy rose from €41.5 billion in
1999 to €83.6 billion in 2004. This is a mirror of the economy’s need for a high level of external financing over the whole period.
In terms of the financial instruments visible in this context, salient factors are firstly the increase in net assets in Currency and
6
8
Following Financial Accounts methodology, short-term investment by non-residents in resident banks is classified as deposits.
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
Statistics on Financial Assets and Liabilities for 1999-2004
deposits,6 rising from €13.9 billion in 1999 to €39.7 billion in 2004, the rise in net assets in Loans from €8.4 billion in 1999 to €20.7 billion
in 2004, and the rise in net assets in Shares and other equity, from €25.9 billion in 1999 to €39.5 billion in 2004. For Securities other
than shares, however, the move was the other way, with net financial assets tracking from €-5.3 billion in 1999 to €-14.8 billion in
2004, as a result of a greater demand from resident sectors for this kind of assets.
Financial corporations are, by their nature, the sector most involved in intermediation where financial flows in the economy are
concerned, and this is reflected in their low net financial assets. Net liabilities in Loans, especially long-term, are those that recorded
the biggest increase, above all due to the greater recourse to credit among Households and Non-financial corporations. The
increase in liabilities in Currency and deposits and in Loans during the period is fundamentally due to the financial sector’s recourse
to the Rest of the world to cover the indebtedness of resident sectors.
Annexes
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
9
Annexes
Annex
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
13
Outros Débitos e Créditos. . . . . . . . . . . . . AF.7
Créditos comerciais e adiantamentos AF.71
Outros . . . . . . . . . . . . . . . . . . . . . . . . . . AF.79
20
21
22
19
Code
ESA 95
Reservas Técnicas de Seguros . . . . . . . . AF.6
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . . AF.61
Outras . . . . . . . . . . . . . . . . . . . . . . . . . AF.62
17
18
28 460
4 355
35 648
20 219
15 429
28 460
4 739
36 634
19 617
17 018
3
Total economy
(S.1)
Liabilities
32 815
33 199
Assets
20 648
22 266
2
135 612
108 102
1
156 259
130 368
Acções e outras Participações . . . . . . . . . AF.5
Acções e outras participações
excluindo fundos de investimento . . . . AF.51
Unidades de participação em
fundos de investimento . . . . . . . . . . . . AF.52
14
15
16
137 317
39 047
98 270
128 934
41 922
87 012
Empréstimos . . . . . . . . . . . . . . . . . . . . . . . AF.4
De curto prazo . . . . . . . . . . . . . . . . . . . AF.41
De longo prazo. . . . . . . . . . . . . . . . . . . AF.42
71 621
6 250
65 372
0
76 166
12 397
63 769
751
11
12
13
71 621
8
9
10
-14 051
174 641
76 917
6
7
Títulos excepto Acções. . . . . . . . . . . . . . . AF.3
Títulos excepto acções
excluindo derivados financeiros. . . . . . AF.33
De curto prazo . . . . . . . . . . . . . AF.331
De longo prazo. . . . . . . . . . . . . AF.332
Derivados financeiros . . . . . . . . . . . . . AF.34
166 465
Numerário e Depósitos . . . . . . . . . . . . . . . AF.2
5 876
Numerário . . . . . . . . . . . . . . . . . . . . . . AF.21
Depósitos transferíveis
e Outros depósitos. . . . . . . . . . . . . . . . AF.22+AF.29 160 589
Net
986
-603
1 588
0
384
384
1 618
-27 510
-25 891
-8 383
2 875
-11 258
4 545
6 147
-1 603
751
5 296
5 691
-13 848
203
0
180 314
5 673
5 691
Ouro Monetário e DSE . . . . . . . . . . . . . . . AF.1
-35 766
Saldo
3
4
5
613 974
578 208
3
2
Passivos
2
Activos
1
Total da Economia
(S.1)
Activos financeiros líquidos. . . . . . . . . . . . BF.90
Código
SEC 95
Fonte / Source: Banco de Portugal
4
4
Liabilities
5
14 765
8 986
5 779
1 595
0
1 595
0
98 519
98 519
66 763
30 977
35 786
11 358
3 836
7 521
0
11 358
0
0
0
0
193 000
Passivos
5
Saldo
6
Net
4 500
8 344
-3 843
-1 595
1 738
143
2 201
-85 758
-83 557
-65 730
-30 960
-34 770
-8 105
-3 463
-4 643
0
-8 105
27 282
29 056
1 774
0
-123 693
6
Non-financial corporations
(S.11)
Assets
19 266
17 330
1 936
0
1 738
1 738
2 201
12 762
14 963
1 033
18
1 015
3 252
374
2 879
0
3 252
27 282
29 056
1 774
0
69 308
Activos
Sociedades Não Financeiras
(S.11)
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Por sector institucional e instrumento financeiro - 1999
Valores consolidados
1
F .2.1.1
7
7
Liabilities
8
3 448
585
2 863
26 864
4 355
31 219
20 648
37 092
57 739
4 641
417
4 224
12 238
1 572
10 666
0
12 238
162 056
167 381
5 325
0
276 668
Passivos
8
9
9
Net
6 154
-338
6 492
-26 864
-3 824
-30 688
-19 099
-13 424
-32 523
122 268
41 486
80 782
49 490
10 332
39 158
379
49 868
-129 465
-134 532
-5 067
5 691
-13 762
Saldo
Financial corporations
(S.12)
Assets
9 602
247
9 355
0
531
531
1 548
23 668
25 216
126 910
41 904
85 006
61 728
11 904
49 824
379
62 107
32 591
32 850
259
5 691
262 906
Activos
Sociedades Financeiras
(S.12)
5 654
0
5 654
0
9
9
102
19 670
19 771
628
1
627
449
1
448
372
821
8 894
8 937
43
0
35 819
Liabilities
11
4 314
25
4 288
0
0
0
0
0
0
4 298
463
3 834
48 025
841
47 184
0
48 025
12 585
12 933
348
0
69 569
Passivos
11
12
12
Net
1 340
-25
1 365
0
9
9
102
19 670
19 771
-3 670
-463
-3 207
-47 577
-841
-46 736
372
-47 205
-3 691
-3 996
-305
0
-33 750
Saldo
General government
(S.13)
Assets
10
10
Activos
Administrações Públicas
(S.13)
Liabilities
14
13 121
10 622
2 498
0
0
0
0
0
0
61 615
7 189
54 426
0
0
0
0
0
0
0
0
0
74 736
Passivos
14
15
15
Net
-11 008
-8 583
-2 426
28 460
2 461
30 921
18 415
52 002
70 417
-61 252
-7 189
-54 063
10 738
119
10 619
0
10 738
91 823
95 623
3 800
0
135 438
Saldo
Households+NPISH
(S.14+S.15)
Assets
13
2 112
2 040
73
28 460
2 461
30 921
18 415
52 002
70 418
363
0
363
10 738
119
10 619
0
10 738
91 823
95 623
3 800
0
210 175
Activos
13
Particulares
(S.14+S.15)
Assets
16
Liabilities
17
7 906
6 114
1 792
0
531
531
2 187
15 281
17 467
11 756
3 503
8 253
36 515
8 311
28 204
751
37 266
43 248
43 451
203
0
118 376
Passivos
17
18
18
Rest of the world
(S.2)
6 920
6 717
203
0
147
147
568
42 790
43 359
20 139
628
19 511
31 970
2 164
29 806
0
31 970
57 299
57 299
0
0
159 834
Activos
16
Resto do Mundo
(S.2)
Net financial assets . . . . . . . . . . . . . . . . 1
Insurance technical reserves . . . . . . . . . 17
Net equity of households in life
18
insurance & pension funds reserves .
19
Other . . . . . . . . . . . . . . . . . . . . . . . . .
Mutual funds shares . . . . . . . . . . . . . 16
Shares and other equity . . . . . . . . . . . . . 14
15
Shares and other equIty
excluding mutual funds shares . . . . .
Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Short-term . . . . . . . . . . . . . . . . . . . . . 12
Long-term . . . . . . . . . . . . . . . . . . . . . 13
8
9
10
6
7
Net
-986 Other accounts receivable and payable . 20
603
Trade credits and advances . . . . . . . 21
-1 588
Other . . . . . . . . . . . . . . . . . . . . . . . . . 22
0
-384
-384
-1 618
27 510
25 891
8 383
-2 875
11 258
-5 296 Securities other than shares . . . . . . . . . .
Securities other than shares,
excluding financial derivatives. . . . . .
-4 545
Short-term . . . . . . . . . . . . . . . . .
-6 147
1 603
Long-term . . . . . . . . . . . . . . . . .
-751
Financial derivatives . . . . . . . . . . . . .
13 849 Currency and deposits. . . . . . . . . . . . . . . 3
-203
Currency . . . . . . . . . . . . . . . . . . . . . . 4
Transferable deposits
5
14 051
and Other deposits . . . . . . . . . . . . . .
0 Monetary gold and SDR . . . . . . . . . . . . . 2
41 457
Saldo
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
By institutional sector and financial instrument - 1999
Consolidated values
14
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
Reservas Técnicas de Seguros . . . . . . . .AF.6
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . .AF.61
Outras . . . . . . . . . . . . . . . . . . . . . . . . . . . .AF.62
17
18
20
21
22
19
Code
ESA 95
32 359
4 926
42 630
23 147
19 483
32 359
5 319
43 391
22 568
20 823
3
Total economy
(S.1)
Liabilities
37 285
37 678
Assets
20 254
22 209
2
154 164
127 824
14
15
1
174 418
150 033
Acções e outras Participações . . . . . . . . .AF.5
Acções e outras participações
excluindo fundos de investimento . . . .AF.51
Unidades de participação em
fundos de investimento . . . . . . . . . . . .AF.52
11
12
13
Outros Débitos e Créditos. . . . . . . . . . . . .AF.7
Créditos comerciais e adiantamentos AF.71
Outros . . . . . . . . . . . . . . . . . . . . . . . . . .AF.79
166 941
43 491
123 450
157 925
46 318
111 607
Empréstimos . . . . . . . . . . . . . . . . . . . . . . .AF.4
De curto prazo . . . . . . . . . . . . . . . . . . .AF.41
De longo prazo. . . . . . . . . . . . . . . . . . .AF.42
8
9
10
16
77 231
6 945
70 286
0
77 231
84 808
13 883
70 925
867
-27 609
204 434
85 675
6
7
Títulos excepto Acções. . . . . . . . . . . . . . .AF.3
Títulos excepto acções
excluindo derivados financeiros. . . . . .AF.33
De curto prazo . . . . . . . . . . . . .AF.331
De longo prazo. . . . . . . . . . . . .AF.332
Derivados financeiros . . . . . . . . . . . . .AF.34
-27 324
285
209 859
5 425
182 535
Numerário e Depósitos . . . . . . . . . . . . . . .AF.2
5 710
Numerário . . . . . . . . . . . . . . . . . . . . . .AF.21
Depósitos transferíveis
e Outros depósitos. . . . . . . . . . . . . . . .AF.22+AF.29 176 825
3
4
5
Net
762
-579
1 341
0
393
393
1 955
-26 340
-24 385
-9 016
2 827
-11 843
7 577
6 939
639
867
8 444
5 773
0
5 773
Ouro Monetário e DSE . . . . . . . . . . . . . . .AF.1
2
-45 353
Saldo
708 363
3
663 011
Passivos
2
Activos
1
Total da Economia
(S.1)
Activos financeiros líquidos. . . . . . . . . . . .BF.90
Código
SEC 95
Fonte / Source: Banco de Portugal
4
4
Passivos
Liabilities
5
17 020
10 052
6 968
1 731
0
1 731
0
106 520
106 520
81 163
34 901
46 263
11 296
4 923
6 373
0
11 296
0
0
0
0
217 730
5
Saldo
6
Net
5 190
10 099
-4 910
-1 731
1 940
209
727
-82 383
-81 656
-79 210
-34 861
-44 348
-6 957
-4 465
-2 492
0
-6 957
28 959
30 731
1 772
0
-131 693
6
Non-financial corporations
(S.11)
Assets
22 210
20 152
2 058
0
1 940
1 940
727
24 137
24 864
1 954
39
1 915
4 338
458
3 880
0
4 338
28 959
30 731
1 772
0
86 037
Activos
Sociedades Não Financeiras
(S.11)
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Por sector institucional e instrumento financeiro - 2000
Valores consolidados
1
F .2.1.2
7
Passivos
Liabilities
8
3 915
506
3 409
30 628
4 926
35 554
20 254
47 644
67 898
7 544
240
7 304
15 973
1 493
14 479
0
15 973
190 727
195 790
5 064
0
326 674
8
Saldo
9
Net
8 172
-260
8 433
-30 628
-4 369
-34 996
-18 524
-19 287
-37 811
147 579
46 038
101 541
49 782
11 737
38 045
514
50 296
-151 667
-156 404
-4 737
5 773
-17 392
9
Financial corporations
(S.12)
Assets
12 087
245
11 842
0
557
557
1 730
28 357
30 087
155 122
46 278
108 844
65 755
13 231
52 524
514
66 268
39 060
39 386
326
5 773
309 282
7
Activos
Sociedades Financeiras
(S.12)
Passivos
Liabilities
11
4 931
20
4 912
0
0
0
0
0
0
4 443
516
3 927
49 963
528
49 434
0
49 963
13 707
14 069
362
0
73 406
11
Saldo
12
Net
1 639
-18
1 657
0
10
10
388
21 063
21 451
-3 650
-515
-3 135
-49 232
-528
-48 704
353
-48 879
-5 493
-5 809
-316
0
-35 239
12
General government
(S.13)
Assets
10
6 570
1
6 569
0
10
10
388
21 063
21 451
793
1
793
731
0
731
353
1 084
8 214
8 260
46
0
38 167
10
Activos
Administrações Públicas
(S.13)
Activos
Passivos
Liabilities
14
16 763
12 569
4 194
0
0
0
0
0
0
73 791
7 835
65 956
0
0
0
0
0
0
0
0
0
90 554
14
Saldo
15
Net
-14 239
-10 400
-3 839
32 359
2 813
35 171
19 364
54 267
73 631
-73 735
-7 835
-65 901
13 985
195
13 790
0
13 985
100 592
104 158
3 566
0
138 971
15
Households+NPISH
(S.14+S.15)
Assets
13
2 524
2 170
354
32 359
2 813
35 171
19 364
54 267
73 631
55
0
55
13 985
195
13 790
0
13 985
100 592
104 158
3 566
0
229 524
13
Particulares
(S.14+S.15)
Activos
Assets
16
7 865
7 660
206
0
164
164
427
51 137
51 564
24 351
804
23 547
35 948
1 983
33 965
0
35 948
80 480
80 480
0
0
200 372
16
Saldo
18
Net
-761
579
-1 340
0
-393
-393
-1 955
26 340
24 385
9 016
-2 826
11 843
-7 577
-6 939
-639
-867
-8 444
27 609
27 324
-285
0
51 127
18
Rest of the world
(S.2)
Liabilities
17
8 627
7 081
1 546
0
557
557
2 382
24 797
27 179
15 335
3 630
11 705
43 525
8 922
34 604
867
44 392
52 871
53 156
285
0
149 246
17
Passivos
Resto do Mundo
(S.2)
3
4
5
Currency and deposits. . . . . . . . . . . . . . .
Currency . . . . . . . . . . . . . . . . . . . . . .
Transferable deposits
and Other deposits . . . . . . . . . . . . . .
Other accounts receivable and payable .
Trade credits and advances . . . . . . .
Other . . . . . . . . . . . . . . . . . . . . . . . . .
Insurance technical reserves . . . . . . . . .
Net equity of households in life
insurance & pension funds reserves .
Other . . . . . . . . . . . . . . . . . . . . . . . . .
Mutual funds shares . . . . . . . . . . . . .
Shares and other equity . . . . . . . . . . . . .
Shares and other equIty
excluding mutual funds shares . . . . .
Loans . . . . . . . . . . . . . . . . . . . . . . . . . . .
Short-term . . . . . . . . . . . . . . . . . . . . .
Long-term . . . . . . . . . . . . . . . . . . . . .
20
21
22
19
17
18
16
14
15
11
12
13
8
9
10
6
7
2
Monetary gold and SDR . . . . . . . . . . . . .
Securities other than shares . . . . . . . . . .
Securities other than shares,
excluding financial derivatives. . . . . .
Short-term . . . . . . . . . . . . . . . . .
Long-term . . . . . . . . . . . . . . . . .
Financial derivatives . . . . . . . . . . . . .
1
Net financial assets . . . . . . . . . . . . . . . .
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
By institutional sector and financial instrument - 2000
Consolidated values
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
15
Empréstimos . . . . . . . . . . . . . . . . . . . . . . .AF.4
De curto prazo . . . . . . . . . . . . . . . . . . .AF.41
De longo prazo. . . . . . . . . . . . . . . . . . .AF.42
Acções e outras Participações. . . . . . . . . .AF.5
Acções e outras participações
excluindo fundos de investimento . . . .AF.51
Unidades de participação em
fundos investimento . . . . . . . . . . . . . . .AF.52
Reservas Técnicas de Seguros . . . . . . . . .AF.6
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . .AF.61
Outras . . . . . . . . . . . . . . . . . . . . . . . . . .AF.62
Outros Débitos e Créditos . . . . . . . . . . . . .AF.7
Créditos comerciais e adiantamentos AF.71
Outros . . . . . . . . . . . . . . . . . . . . . . . . . .AF.79
8
9
10
11
12
13
14
15
17
18
20
21
22
19
Code
ESA 95
Títulos excepto Acções
AF.3
Títulos excepto acções
excluindo derivados financeiros . . . . . .AF.33
De curto prazo . . . . . . . . . . . . . .AF.331
De longo prazo . . . . . . . . . . . . .AF.332
Derivados financeiros . . . . . . . . . . . . .AF.34
6
7
16
Numerário e Depósitos . . . . . . . . . . . . . . .AF.2
188 915
Numerário . . . . . . . . . . . . . . . . . . . . . . .AF.21
4 814
Depósitos transferíveis
e Outros depósitos . . . . . . . . . . . . . . . .AF.22+AF.29 184 101
3
4
5
90 697
10 759
79 937
0
96
16
80
1
153 840
131 909
36 222
5 328
45 516
23 621
21 894
36 222
5 789
46 496
23 187
23 310
3
Total economy
(S.1)
Liabilities
41 550
42 010
Assets
21 266
24 112
2
175 107
156 021
1
196 260
47 615
148 645
185 621
50 170
135 451
Net
981
-435
1 416
0
461
461
2 845
-21 931
-19 086
-10 639
2 555
-13 194
6 111
5 823
288
1 211
7 321
-38 995
223 096
6 215
-53 438
Saldo
-38 691
303
90 697
807
582
225
211
3
227 607
4 511
0
776 735
98 018
6 215
Ouro Monetário e DSE. . . . . . . . . . . . . . . .AF.1
2
723 297
Passivos
2
Activos
1
Total da Economia
(S.1)
Activos financeiros líquidos . . . . . . . . . . . .BF.90
Código
SEC 95
Fonte / Source: Banco de Portugal
4
4
Passivos
Liabilities
5
19 819
9 889
9 930
2 105
0
2 105
0
107 391
107 391
98 018
39 037
58 982
13 574
7 262
6 312
0
13 574
0
0
0
0
240 907
5
Saldo
6
Net
3 157
10 669
-7 512
-2 105
2 075
-30
840
-83 957
-83 118
-95 709
-38 968
-56 741
-7 673
-6 896
-776
1
-7 672
30 755
32 177
1 422
0
-151 195
6
Non-financial corporations
(S.11)
Assets
22 976
20 558
2 418
0
2 075
2 075
840
23 434
24 273
2 309
69
2 240
5 901
365
5 536
1
5 902
30 755
32 177
1 422
0
89 712
Activos
Sociedades Não Financeiras
(S.11)
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Por sector institucional e instrumento financeiro - 2001
Valores consolidados
1
F .2.1.3
7
Passivos
Liabilities
8
4 392
666
3 726
34 117
5 328
39 445
21 266
46 449
67 716
10 253
370
9 883
21 477
1 274
20 204
0
21 477
208 280
212 421
4 141
0
355 704
8
Saldo
9
Net
7 669
-389
8 058
-34 117
-4 692
-38 809
-19 001
-16 963
-35 964
170 381
49 729
120 652
48 459
14 579
33 880
781
49 240
-169 594
-173 368
-3 774
6 215
-14 636
9
Financial corporations
(S.12)
Assets
12 061
277
11 784
0
636
636
2 266
29 486
31 752
180 634
50 099
130 535
69 937
15 853
54 084
781
70 718
38 686
39 053
367
6 215
341 068
7
Activos
Sociedades Financeiras
(S.12)
Passivos
Liabilities
11
3 483
17
3 466
0
0
0
0
0
0
5 231
878
4 353
55 645
2 224
53 421
0
55 645
14 816
15 186
370
0
79 545
11
Saldo
12
Net
4 591
-16
4 606
0
10
10
400
21 903
22 303
-2 565
-876
-1 690
-54 083
-2 151
-51 932
429
-53 654
-8 394
-8 732
-339
0
-38 048
12
General government
(S.13)
Assets
10
8 073
2
8 072
0
10
10
400
21 903
22 303
2 666
3
2 663
1 563
74
1 489
429
1 991
6 422
6 453
31
0
41 497
10
Activos
Administrações Públicas
(S.13)
Activos
Passivos
Liabilities
14
17 821
13 049
4 772
0
0
0
0
0
0
82 758
7 330
75 427
0
0
0
0
0
0
0
0
0
100 579
14
Saldo
15
Net
-14 435
-10 699
-3 736
36 222
3 068
39 290
20 607
57 086
77 693
-82 745
-7 330
-75 415
19 407
291
19 115
0
19 407
108 238
111 233
2 994
0
150 441
15
Households+NPISH
(S.14+S.15)
Assets
13
3 386
2 350
1 035
36 222
3 068
39 290
20 607
57 086
77 693
12
0
12
19 407
291
19 115
0
19 407
108 238
111 233
2 994
0
251 020
13
Particulares
(S.14+S.15)
Activos
Assets
16
7 547
7 288
259
0
175
175
266
50 366
50 632
32 518
1 183
31 335
46 312
5 151
41 161
0
46 312
95 461
95 461
0
0
232 646
16
423
974
449
211
Saldo
18
Net
-981
435
-1 416
0
-461
-461
-2 845
21 931
19 086
10 639
-2 555
13 194
-6 111
-5 823
-288
-1 211
-7 321
38 995
38 692
-303
0
59 653
18
Rest of the world
(S.2)
Liabilities
17
8 528
6 853
1 674
0
636
636
3 112
28 435
31 547
21 879
3 738
18 141
52
10
41
1
53 633
56 467
56 770
303
0
172 992
17
Passivos
Resto do Mundo
(S.2)
17
18
19
20
21
22
Insurance technical reserves. . . . . . . . . .
Net equity of households in life
insurance & pension funds reserves
Other. . . . . . . . . . . . . . . . . . . . . . . . .
Other accounts receivable and payable
Trade credits and advances . . . . . . .
Other . . . . . . . . . . . . . . . . . . . . . . . .
14
15
Shares and other equity . . . . . . . . . . . . .
Shares and other equity
excluding mutual funds shares . . . . .
16
11
12
13
Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Short-term. . . . . . . . . . . . . . . . . . . . . .
Long-term . . . . . . . . . . . . . . . . . . . . .
Mutual funds shares . . . . . . . . . . . . .
8
9
10
6
7
3
4
5
2
1
Securities other than shares . . . . . . . . . .
Securities other than shares,
excluding financial derivatives . . . . .
Short-term . . . . . . . . . . . . . . . . .
Long-term . . . . . . . . . . . . . . . . .
Financial derivatives . . . . . . . . . . . . .
Currency and deposits. . . . . . . . . . . . . . .
Currency . . . . . . . . . . . . . . . . . . . . . .
Transferable deposits
and Other deposits . . . . . . . . . . . . . .
Monetary gold and SDR . . . . . . . . . . . . .
Net financial assets . . . . . . . . . . . . . . . . .
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
By institutional sector and financial instrument - 2001
Consolidated values
16
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
Empréstimos . . . . . . . . . . . . . . . . . . . . . . . AF.4
De curto prazo . . . . . . . . . . . . . . . . . . . AF.41
De longo prazo. . . . . . . . . . . . . . . . . . . AF.42
Acções e outras Participações . . . . . . . . . AF.5
Acções e outras participações
excluindo fundos de investimento . . . . AF.51
Unidades de participação em
fundos de investimento . . . . . . . . . . . . AF.52
8
9
10
11
12
13
14
15
17
18
20
21
22
19
105 996
16 355
89 641
576
AF.33
AF.331
AF.332
AF.34
2
Assets
47 607
22 984
24 623
Outros Débitos e Créditos. . . . . . . . . . . . . AF.7
Créditos comerciais e adiantamentos AF.71
Outros . . . . . . . . . . . . . . . . . . . . . . . . . . AF.79
Code
ESA 95
39 485
5 538
39 485
5 986
3
Total economy
(S.1)
Liabilities
45 833
23 034
22 799
45 023
45 471
Reservas Técnicas de Seguros . . . . . . . . AF.6
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . . AF.61
Outras . . . . . . . . . . . . . . . . . . . . . . . . . . . . AF.62
21 463
146 461
115 955
217 638
49 325
168 313
100 863
11 626
89 237
1
Net
1 774
-50
1 823
0
448
448
3 155
-30 505
-27 350
-10 835
3 814
-14 649
5 133
4 728
404
575
5 707
-39 174
100 865
225 614
6 291
-62 590
Saldo
-38 625
548
167 923
24 618
3
229 882
4 268
0
807 164
140 573
206 803
53 139
153 663
106 572
AF.3
1
Títulos excepto Acções. . . . . . . . . . . . . . .
Títulos excepto acções
excluindo derivados financeiros. . . . . .
De curto prazo . . . . . . . . . . . . .
De longo prazo. . . . . . . . . . . . .
Derivados financeiros . . . . . . . . . . . . .
6
7
16
Numerário e Depósitos . . . . . . . . . . . . . . . AF.2
191 257
Numerário . . . . . . . . . . . . . . . . . . . . . . AF.21
4 816
Depósitos transferíveis
e Outros depósitos. . . . . . . . . . . . . . . . AF.22+AF.29 186 441
3
4
5
6 291
Ouro Monetário e DSE . . . . . . . . . . . . . . . AF.1
2
744 573
Passivos
2
Activos
1
Total da Economia
(S.1)
Activos financeiros líquidos . . . . . . . . . . . . BF.90
Código
SEC 95
Fonte / Source: Banco de Portugal
4
4
Liabilities
5
19 679
9 032
10 647
1 721
0
1 721
0
101 252
101 252
102 914
41 292
61 622
16 047
10 111
5 936
1
16 048
0
0
0
0
241 613
Passivos
5
6
6
Net
2 961
11 369
-8 408
-1 721
2 140
419
898
-86 315
-85 418
-94 742
-40 641
-54 101
-9 089
-9 392
303
-1
-9 090
30 479
31 967
1 488
0
-153 904
Saldo
Non-financial corporations
(S.11)
Assets
22 640
20 401
2 239
0
2 140
2 140
898
14 936
15 834
8 172
650
7 521
6 957
719
6 238
0
6 957
30 479
31 967
1 488
0
87 709
Activos
Sociedades Não Financeiras
(S.11)
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Por sector institucional e instrumento financeiro - 2002
Valores consolidados
1
F .2.1.4
7
7
Liabilities
8
5 647
1 048
4 598
37 764
5 538
43 302
21 463
45 209
66 672
16 583
490
16 093
21 949
1 080
20 870
0
21 949
209 997
213 951
3 954
0
368 104
Passivos
8
9
9
Net
6 642
-824
7 466
-37 764
-4 909
-42 673
-19 029
-16 746
-35 775
179 341
51 998
127 343
51 091
14 037
37 055
497
51 588
-171 810
-175 599
-3 789
6 291
-10 185
Saldo
Financial corporations
(S.12)
Assets
12 289
224
12 064
0
629
629
2 434
28 463
30 897
195 924
52 488
143 436
73 041
15 116
57 925
497
73 537
38 187
38 352
165
6 291
357 919
Activos
Sociedades Financeiras
(S.12)
8 647
1
8 646
0
10
10
390
20 767
21 157
2 700
1
2 698
1 778
167
1 611
79
1 857
7 966
8 026
60
0
42 397
Liabilities
11
3 501
3
3 497
0
0
0
0
0
0
5 647
531
5 116
62 867
436
62 431
0
62 867
15 618
15 931
313
0
87 946
Passivos
11
12
12
Net
5 147
-2
5 149
0
10
10
390
20 767
21 157
-2 947
-530
-2 417
-61 090
-269
-60 821
79
-61 010
-7 652
-7 905
-253
0
-45 549
Saldo
General government
(S.13)
Assets
10
10
Activos
Administrações Públicas
(S.13)
Liabilities
14
17 006
12 950
4 057
0
0
0
0
0
0
92 494
7 012
85 482
0
0
0
0
0
0
0
0
0
109 500
Passivos
14
15
15
Net
-12 975
-10 592
-2 383
39 485
3 207
42 691
20 896
51 789
72 686
-92 486
-7 012
-85 474
24 220
353
23 868
0
24 220
109 810
112 912
3 103
0
147 048
Saldo
Households+NPISH
(S.14+S.15)
Assets
13
4 031
2 358
1 673
39 485
3 207
42 691
20 896
51 789
72 686
7
0
7
24 220
353
23 868
0
24 220
109 810
112 912
3 103
0
256 548
Activos
13
Particulares
(S.14+S.15)
Assets
16
Liabilities
17
8 435
6 421
2 014
0
629
629
3 404
20 290
23 694
27 229
4 840
22 389
59 724
11 082
48 643
575
60 299
57 819
58 368
548
0
178 654
Passivos
17
18
18
Rest of the world
(S.2)
6 661
6 471
190
0
181
181
248
50 795
51 044
38 065
1 026
37 039
54 592
6 353
48 238
0
54 592
96 993
96 993
0
0
247 535
Activos
16
Resto do Mundo
(S.2)
3
4
5
2
1
Mutual funds shares . . . . . . . . . . . . 16
Net
-1 774 Other accounts receivable and payable 20
Trade credits and advances . . . . . . 21
50
Other . . . . . . . . . . . . . . . . . . . . . . . 22
-1 823
-448 Insurance technical reserves . . . . . . . . . 17
Net equity of households in life
18
insurance & pension funds reserves
0
Other. . . . . . . . . . . . . . . . . . . . . . . . 19
-448
-3 155
27 350 Shares and other equity. . . . . . . . . . . . . 14
Shares and other equity
15
excluding mutual funds shares . . . .
30 505
10 835 Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Short-term. . . . . . . . . . . . . . . . . . . . . 12
-3 814
Long-term . . . . . . . . . . . . . . . . . . . . 13
14 649
-5 707 Securities other than shares . . . . . . . . . 6
Securities other than shares,
7
excluding financial derivatives . . . .
-5 133
8
Short-term
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
-4 728
Long-term . . . . . . . . . . . . . . . . 9
-404
Financial derivatives . . . . . . . . . . . . 10
-575
38 625 Currency and deposits. . . . . . . . . . . . . .
Currency . . . . . . . . . . . . . . . . . . . . .
-548
Transferable deposits
and Other deposits . . . . . . . . . . . . .
39 174
0 Monetary gold and SDR . . . . . . . . . . . .
68 882 Net financial assets . . . . . . . . . . . . . . . .
Saldo
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
By institutional sector and financial instrument - 2002
Consolidated values
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
17
Empréstimos . . . . . . . . . . . . . . . . . . . . . . . AF.4
De curto prazo . . . . . . . . . . . . . . . . . . . AF.41
De longo prazo . . . . . . . . . . . . . . . . . . . AF.42
Acções e outras Participações. . . . . . . . . . AF.5
Acções e outras participações
excluindo fundos de investimento. . . . . AF.51
Unidades de participação em
fundos de investimento . . . . . . . . . . . . . AF.52
8
9
10
11
12
13
14
15
Code
ESA 95
Outros Débitos e Créditos . . . . . . . . . . . . . AF.7
Créditos comerciais e adiantamentos AF.71
Outros . . . . . . . . . . . . . . . . . . . . . . . . . . AF.79
20
21
22
19
Reservas Técnicas de Seguros . . . . . . . . . AF.6
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . . AF.61
Outras. . . . . . . . . . . . . . . . . . . . . . . . . . AF.62
17
18
1
Títulos excepto Acções . . . . . . . . . . . . . . . AF.3
Títulos excepto acções
excluindo derivados financeiros . . . . . . AF.33
De curto prazo . . . . . . . . . . . . . . AF.331
De longo prazo . . . . . . . . . . . . . AF.332
Derivados financeiros . . . . . . . . . . . . . . AF.34
6
7
16
Numerário e Depósitos . . . . . . . . . . . . . . . AF.2
200 013
Numerário . . . . . . . . . . . . . . . . . . . . . . . AF.21
5 131
Depósitos transferíveis
e Outros depósitos . . . . . . . . . . . . . . . . AF.22+AF.29 194 882
3
4
5
2
42 727
5 751
48 607
22 932
25 674
42 727
6 359
50 310
22 882
27 428
3
Total economy
(S.1)
Liabilities
48 478
49 086
177 925
139 226
24 762
202 687
166 897
27 672
240 827
52 278
188 548
220 096
54 669
165 427
102 602
12 847
89 754
45
115 296
17 978
97 318
41
Net
1 703
-51
1 754
0
608
608
2 909
-38 699
-35 790
-20 731
2 391
-23 122
12 694
5 131
7 564
-4
12 690
-34 250
229 131
5 565
-69 200
Saldo
-33 246
1 003
102 647
Assets
3
233 259
4 128
0
876 504
115 337
5 565
Ouro Monetário e DSE. . . . . . . . . . . . . . . . AF.1
2
807 305
Passivos
2
Activos
1
Total da Economia
(S.1)
Activos financeiros líquidos . . . . . . . . . . . . BF.90
Código
SEC 95
Fonte / Source: Banco de Portugal
4
4
Liabilities
5
19 170
8 995
10 176
1 746
0
1 746
0
121 255
121 255
109 810
42 591
67 218
13 327
7 168
6 159
46
13 372
0
0
0
0
265 353
Passivos
5
6
6
Net
4 898
11 384
-6 486
-1 746
2 283
537
1 074
-96 056
-94 983
-102 880
-42 543
-60 337
-5 824
-6 072
248
-46
-5 869
34 764
36 436
1 671
0
-161 861
Saldo
Non-financial corporations
(S.11)
Assets
24 069
20 378
3 690
0
2 283
2 283
1 074
25 198
26 272
6 930
48
6 882
7 503
1 096
6 407
0
7 503
34 764
36 436
1 671
0
103 492
Activos
Sociedades Não Financeiras
(S.11)
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Por sector institucional e instrumento financeiro - 2003
Valores consolidados
1
F .2.1.5
7
7
Liabilities
8
6 969
884
6 085
40 981
5 751
46 732
24 762
56 670
81 432
23 669
801
22 867
23 938
1 752
22 186
0
23 938
212 871
216 633
3 762
0
399 373
Passivos
8
9
9
Net
5 692
-652
6 344
-40 981
-4 954
-45 935
-22 492
-23 109
-45 601
186 586
53 818
132 767
55 801
14 400
41 401
-193
55 608
-169 350
-172 935
-3 585
5 565
-11 021
Saldo
Financial corporations
(S.12)
Assets
12 661
233
12 429
0
797
797
2 270
33 561
35 831
210 254
54 620
155 634
79 739
16 152
63 588
-193
79 546
43 521
43 698
177
5 565
388 352
Activos
Sociedades Financeiras
(S.12)
9 035
0
9 035
0
11
11
414
20 002
20 415
2 904
1
2 903
1 867
183
1 684
234
2 101
6 640
6 666
26
0
41 133
Liabilities
11
3 403
3
3 401
0
0
0
0
0
0
5 660
916
4 743
65 337
3 928
61 409
0
65 337
16 260
16 627
366
0
91 027
Passivos
11
12
12
Net
5 631
-3
5 634
0
11
11
414
20 002
20 415
-2 755
-915
-1 840
-63 470
-3 745
-59 726
234
-63 236
-9 620
-9 961
-341
0
-49 894
Saldo
General government
(S.13)
Assets
10
10
Activos
Administrações Públicas
(S.13)
Activos
Passivos
Liabilities
14
19 064
13 051
6 013
0
0
0
0
0
0
101 689
7 969
93 719
0
0
0
-1
-1
0
0
0
0
120 752
14
Saldo
15
Net
-14 519
-10 780
-3 738
42 727
3 268
45 995
23 914
60 465
84 379
-101 681
-7 969
-93 712
26 187
547
25 640
1
26 188
109 956
113 213
3 257
0
153 575
15
Households+NPISH
(S.14+S.15)
Assets
13
4 546
2 271
2 275
42 727
3 268
45 995
23 914
60 465
84 379
7
0
7
26 187
547
25 640
0
26 187
109 956
113 213
3 257
0
274 327
13
Particulares
(S.14+S.15)
Activos
Assets
16
Passivos
Liabilities
17
8 419
6 464
1 955
0
797
797
3 271
28 986
32 257
23 691
3 609
20 082
71 394
12 179
59 214
-4
71 390
64 628
65 631
1 003
0
202 185
17
34 250
33 247
-1 003
0
74 766
Saldo
18
Net
-1 703
51
-1 754
0
-608
-608
-2 909
38 699
35 790
20 731
-2 391
23 122
-12 694
-5 131
-7 564
4
-12 690
18
Rest of the world
(S.2)
6 716
6 515
201
0
189
189
362
67 685
68 047
44 422
1 218
43 204
58 699
7 049
51 651
0
58 699
98 878
98 878
0
0
276 951
16
Resto do Mundo
(S.2)
3
4
5
2
1
Other accounts receivable and payable 20
Trade credits and advances . . . . . . . 21
Other . . . . . . . . . . . . . . . . . . . . . . . . 22
Insurance technical reserves. . . . . . . . . . 17
Net equity of households in life
18
insurance & pension funds reserves
19
Other. . . . . . . . . . . . . . . . . . . . . . . . .
Mutual funds shares . . . . . . . . . . . . . 16
Shares and other equity . . . . . . . . . . . . . 14
Shares and other equity
15
excluding mutual funds shares . . . . .
Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Short-term. . . . . . . . . . . . . . . . . . . . . . 12
Long-term . . . . . . . . . . . . . . . . . . . . . 13
Securities other than shares . . . . . . . . . . 6
Securities other than shares,
7
excluding financial derivatives . . . . .
Short-term . . . . . . . . . . . . . . . . . 8
Long-term . . . . . . . . . . . . . . . . . 9
Financial derivatives . . . . . . . . . . . . . 10
Currency and deposits. . . . . . . . . . . . . . .
Currency . . . . . . . . . . . . . . . . . . . . . .
Transferable deposits
and Other deposits . . . . . . . . . . . . . .
Monetary gold and SDR . . . . . . . . . . . . .
Net financial assets . . . . . . . . . . . . . . . . .
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
By institutional sector and financial instrument - 2003
Consolidated values
18
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
220 890
181 410
Code
ESA 95
Outros Débitos e Créditos. . . . . . . . . . . . . AF.7
Créditos comerciais e adiantamentos AF.71
Outros . . . . . . . . . . . . . . . . . . . . . . . . . . AF.79
20
21
22
19
Reservas Técnicas de Seguros . . . . . . . . AF.6
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . . AF.61
Outras . . . . . . . . . . . . . . . . . . . . . . . . . . . . AF.62
17
18
16
Acções e outras Participações . . . . . . . . . AF.5
Acções e outras participações
excluindo fundos de investimento . . . . AF.51
Unidades de participação em
fundos de investimento . . . . . . . . . . . . AF.52
14
15
44 996
5 976
49 751
24 023
25 727
44 996
6 364
50 818
23 508
27 310
Total economy
(S.1)
Liabilities
50 972
51 360
Assets
26 876
30 028
3
252 779
52 744
200 035
232 112
53 675
178 437
Empréstimos . . . . . . . . . . . . . . . . . . . . . . . AF.4
De curto prazo . . . . . . . . . . . . . . . . . . . AF.41
De longo prazo. . . . . . . . . . . . . . . . . . . AF.42
11
12
13
2
109 762
19 542
90 220
98
125 160
17 323
107 838
-520
8
9
10
1
109 860
Títulos excepto Acções. . . . . . . . . . . . . . . AF.3
Títulos excepto acções
excluindo derivados financeiros. . . . . . AF.33
De curto prazo . . . . . . . . . . . . . AF.331
De longo prazo. . . . . . . . . . . . . AF.332
Derivados financeiros . . . . . . . . . . . . . AF.34
194 014
-41 129
241 089
124 641
6
7
151 382
-39 645
1 485
Net
1 068
-515
1 583
0
388
388
3 152
-42 632
-39 480
-20 666
932
-21 598
15 398
-2 219
17 617
-617
14 781
4 855
245 167
4 078
Ouro Monetário e DSE . . . . . . . . . . . . . . . AF.1
2
205 523
Numerário e Depósitos . . . . . . . . . . . . . . . AF.2
5 563
Numerário . . . . . . . . . . . . . . . . . . . . . . AF.21
Depósitos transferíveis
e Outros depósitos. . . . . . . . . . . . . . . . AF.22+AF.29 199 959
Activos financeiros líquidos . . . . . . . . . . . . BF.90
1
3
4
5
-78 700
Saldo
0
3
4 855
Passivos
2
Activos
1
Total da Economia
(S.1)
929 419
Código
SEC 95
Fonte / Source: Banco de Portugal
4
4
Liabilities
5
21 460
9 975
11 485
1 769
0
1 769
0
128 803
128 803
110 634
41 116
69 518
14 705
8 762
5 943
97
14 801
0
0
0
0
277 468
Passivos
5
Saldo
6
Net
3 301
10 945
-7 643
-1 769
2 406
637
1 126
-97 743
-96 617
-104 899
-40 997
-63 901
-7 064
-7 008
-56
-97
-7 161
35 811
37 612
1 801
0
-167 126
6
Non-financial corporations
(S.11)
Assets
24 761
20 920
3 841
0
2 406
2 406
1 126
31 060
32 186
5 736
119
5 617
7 641
1 754
5 887
0
7 641
35 811
37 611
1 801
0
110 342
Activos
Sociedades Não Financeiras
(S.11)
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Por sector institucional e instrumento financeiro - 2004
Valores consolidados
850 719
F .2.1.6
7
7
Liabilities
8
7 089
304
6 785
43 227
5 976
49 203
26 876
65 210
92 087
22 897
883
22 014
24 448
1 005
23 443
0
24 448
225 057
228 689
3 632
0
424 414
Passivos
8
4 855
-12 058
Saldo
9
Net
4 800
-14
4 814
-43 227
-5 393
-48 620
-24 193
-27 160
-51 353
200 499
52 673
147 827
62 449
13 809
48 640
-257
62 192
-181 024
-184 431
-3 407
9
Financial corporations
(S.12)
Assets
11 889
290
11 599
0
584
584
2 683
38 050
40 734
223 396
53 555
169 841
86 898
14 814
72 084
-257
86 640
44 033
44 258
224
4 855
412 356
Activos
Sociedades Financeiras
(S.12)
10 418
0
10 418
0
12
12
552
18 213
18 765
2 969
1
2 968
1 737
162
1 575
-262
1 475
6 438
6 467
28
0
40 105
Passivos
Liabilities
11
3 589
3
3 587
0
0
0
0
0
0
7 019
1 979
5 040
70 609
9 774
60 835
0
70 609
16 031
16 478
447
0
97 696
11
Saldo
12
Net
6 829
-3
6 831
0
12
12
552
18 213
18 765
-4 050
-1 978
-2 072
-68 872
-9 612
-59 260
-262
-69 134
-9 593
-10 011
-418
0
-57 591
12
General government
(S.13)
Assets
10
10
Activos
Administrações Públicas
(S.13)
Activos
Passivos
Liabilities
14
17 612
13 741
3 871
0
0
0
0
0
0
112 228
8 765
103 463
0
0
0
1
1
0
0
0
0
129 841
14
Saldo
15
Net
-13 862
-11 443
-2 419
44 996
3 362
48 358
25 667
64 059
89 726
-112 216
-8 765
-103 451
28 885
592
28 293
-1
28 884
113 677
117 186
3 510
0
158 076
15
Households+NPISH
(S.14+S.15)
Assets
13
3 750
2 298
1 452
44 996
3 362
48 358
25 667
64 059
89 726
11
0
11
28 885
592
28 293
0
28 885
113 677
117 186
3 510
0
287 916
13
Particulares
(S.14+S.15)
Assets
16
7 638
7 416
221
0
196
196
617
78 160
78 777
42 917
2 269
40 648
64 916
11 078
53 838
0
64 916
107 535
107 535
0
0
301 979
Passivos
Liabilities
17
8 705
6 901
1 804
0
584
584
3 769
35 528
39 297
22 251
3 201
19 050
80 314
8 859
71 455
-617
79 697
66 405
67 890
1 485
0
218 424
17
Saldo
18
Net
-1 068
515
-1 583
0
-388
-388
-3 152
42 632
39 480
20 666
-932
21 598
-15 398
2 219
-17 617
617
-14 781
41 130
39 645
-1 485
0
83 555
18
Rest of the world
(S.2)
Activos
16
Resto do Mundo
(S.2)
2
3
4
5
Monetary gold and SDR . . . . . . . . . . . . .
Currency and deposits. . . . . . . . . . . . . . .
Currency . . . . . . . . . . . . . . . . . . . . . .
Transferable deposits
and Other deposits . . . . . . . . . . . . . .
Other accounts receivable and payable 20
Trade credits and advances . . . . . . . 21
Other . . . . . . . . . . . . . . . . . . . . . . . . 22
Insurance technical reserves. . . . . . . . . . 17
Net equity of households in life
18
insurance & pension funds reserves
Other. . . . . . . . . . . . . . . . . . . . . . . . . 19
Mutual funds shares . . . . . . . . . . . . . 16
Shares and other equity . . . . . . . . . . . . . 14
Shares and other equity
15
excluding mutual funds shares . . . . .
Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Short-term. . . . . . . . . . . . . . . . . . . . . . 12
Long-term . . . . . . . . . . . . . . . . . . . . . 13
Securities other than shares . . . . . . . . . . 6
Securities other than shares,
7
excluding financial derivatives . . . . .
Short-term . . . . . . . . . . . . . . . . . 8
Long-term . . . . . . . . . . . . . . . . . 9
Financial derivatives . . . . . . . . . . . . . 10
1
Net financial assets . . . . . . . . . . . . . . . . .
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
By institutional sector and financial instrument - 2004
Consolidated values
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
19
Ouro Monetário e DSE . . . . . . . . . . . . . . .
Numerário e Depósitos . . . . . . . . . . . . . . .
Numerário . . . . . . . . . . . . . . . . . . . . . .
Depósitos transferíveis
e Outros depósitos. . . . . . . . . . . . . . . .
Títulos excepto Acções. . . . . . . . . . . . . . .
Títulos excepto acções
excluindo derivados financeiros. . . . . .
De curto prazo . . . . . . . . . . . . .
De longo prazo. . . . . . . . . . . . .
Derivados financeiros . . . . . . . . . . . . .
Empréstimos . . . . . . . . . . . . . . . . . . . . . . .
De curto prazo . . . . . . . . . . . . . . . . . . .
De longo prazo. . . . . . . . . . . . . . . . . . .
Acções e outras Participações . . . . . . . . .
Acções e outras participações
excluindo fundos de investimento . . . .
Unidades de participação em
fundos de investimento . . . . . . . . . . . .
Reservas Técnicas de Seguros . . . . . . . .
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . .
Outras . . . . . . . . . . . . . . . . . . . . . . . . .
Outros Débitos e Créditos. . . . . . . . . . . . .
Créditos comerciais e adiantamentos
Outros . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3
4
5
6
7
8
9
10
11
12
13
14
15
17
18
20
21
22
19
16
Activos financeiros líquidos . . . . . . . . . . . .
0
180 314
5 673
174 641
71 621
71 621
6 250
65 372
0
137 317
39 047
98 270
156 259
135 612
5 691
166 465
5 876
76 166
12 397
63 769
751
128 934
41 922
87 012
130 368
108 102
AF.2
AF.21
AF.22+AF.29 160 589
76 917
AF.1
AF.3
AF.33
AF.331
AF.332
AF.34
AF.4
AF.41
AF.42
AF.5
AF.51
Code
ESA 95
35 648
20 219
15 429
36 634
19 617
17 018
AF.7
AF.71
AF.79
1999
Liabilities
28 460
4 355
28 460
4 739
AF.61
AF.62
Assets
32 815
33 199
AF.6
1
20 648
22 266
AF.52
2
613 974
578 208
BF.90
Passivos
2
Activos
1999
1
Código
SEC 95
Fonte / Source: Banco de Portugal
3
3
Net
986
-603
1 588
0
384
384
1 618
-27 510
-25 891
-8 383
2 875
-11 258
4 545
6 147
-1 603
751
5 296
-14 051
-13 848
203
5 691
-35 766
Saldo
Assets
43 391
22 568
20 823
32 359
5 319
37 678
22 209
127 824
150 033
157 925
46 318
111 607
84 808
13 883
70 925
867
85 675
176 825
182 535
5 710
5 773
663 011
4
4
Activos
2000
2000
Liabilities
42 630
23 147
19 483
32 359
4 926
37 285
20 254
154 164
174 418
166 941
43 491
123 450
77 231
6 945
70 286
0
77 231
204 434
209 859
5 425
0
708 363
5
5
Passivos
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Total da Economia
Valores consolidados
1
F .2.2.1
Saldo
Net
762
-579
1 341
0
393
393
1 955
-26 340
-24 385
-9 016
2 827
-11 843
7 577
6 939
639
867
8 444
-27 609
-27 324
285
5 773
-45 353
6
6
807
582
225
211
7
Assets
46 496
23 187
23 310
36 222
5 789
42 010
24 112
131 909
156 021
185 621
50 170
135 451
96
16
80
1
98 018
184 101
188 915
4 814
6 215
723 297
Activos
7
2001
Liabilities
45 516
23 621
21 894
36 222
5 328
41 550
21 266
153 840
175 107
196 260
47 615
148 645
90 697
10 759
79 937
0
90 697
223 096
227 607
4 511
0
776 735
8
8
Passivos
2001
9
9
Net
981
-435
1 416
0
461
461
2 845
-21 931
-19 086
-10 639
2 555
-13 194
6 111
5 823
288
1 211
7 321
-38 995
-38 691
303
6 215
-53 438
Saldo
Activos
Assets
10
47 607
22 984
24 623
39 485
5 986
45 471
24 618
115 955
140 573
206 803
53 139
153 663
105 996
16 355
89 641
576
106 572
186 441
191 257
4 816
6 291
744 573
10
2002
Liabilities
11
45 833
23 034
22 799
39 485
5 538
45 023
21 463
146 461
167 923
217 638
49 325
168 313
100 863
11 626
89 237
1
100 865
225 614
229 882
4 268
0
807 164
11
Passivos
2002
Net
1 774
-50
1 823
0
448
448
3 155
-30 505
-27 350
-10 835
3 814
-14 649
5 133
4 728
404
575
5 707
-39 174
-38 625
548
6 291
-62 590
Saldo
12
12
Activos
Assets
13
50 310
22 882
27 428
42 727
6 359
49 086
27 672
139 226
166 897
220 096
54 669
165 427
115 296
17 978
97 318
41
115 337
194 882
200 013
5 131
5 565
807 305
13
2003
Liabilities
14
48 607
22 932
25 674
42 727
5 751
48 478
24 762
177 925
202 687
240 827
52 278
188 548
102 602
12 847
89 754
45
102 647
229 131
233 259
4 128
0
876 504
14
Passivos
2003
Net
1 703
-51
1 754
0
608
608
2 909
-38 699
-35 790
-20 731
2 391
-23 122
12 694
5 131
7 564
-4
12 690
-34 250
-33 246
1 003
5 565
-69 200
Saldo
15
15
Activos
Assets
16
50 818
23 508
27 310
44 996
6 364
51 360
30 028
151 382
181 410
232 112
53 675
178 437
125 160
17 323
107 838
-520
124 641
199 959
205 523
5 563
4 855
850 719
16
2004
Liabilities
17
49 751
24 023
25 727
44 996
5 976
50 972
26 876
194 014
220 890
252 779
52 744
200 035
109 762
19 542
90 220
98
109 860
241 089
245 167
4 078
0
929 419
17
Passivos
2004
Net
1 068
-515
1 583
0
388
388
3 152
-42 632
-39 480
-20 666
932
-21 598
15 398
-2 219
17 617
-617
14 781
-41 129
-39 645
1 485
4 855
-78 700
Saldo
18
18
8
9
10
6
7
Other accounts receivable and payable 20
Trade credits and advances . . . . . . . 21
Other . . . . . . . . . . . . . . . . . . . . . . . . 22
Insurance technical reserves. . . . . . . . . . 17
Net equity of households in life
18
insurance & pension funds reserves
Other. . . . . . . . . . . . . . . . . . . . . . . . . 19
Mutual funds shares . . . . . . . . . . . . . 16
Shares and other equity . . . . . . . . . . . . . 14
Shares and other equity
15
excluding mutual funds shares . . . . .
Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Short-term. . . . . . . . . . . . . . . . . . . . . . 12
Long-term . . . . . . . . . . . . . . . . . . . . . 13
Securities other than shares . . . . . . . . . .
Securities other than shares,
excluding financial derivatives . . . . .
Short-term . . . . . . . . . . . . . . . . .
Long-term . . . . . . . . . . . . . . . . .
Financial derivatives . . . . . . . . . . . . .
Currency and deposits. . . . . . . . . . . . . . . 3
Currency . . . . . . . . . . . . . . . . . . . . . . 4
Transferable deposits
5
and Other deposits . . . . . . . . . . . . . .
Monetary gold and SDR . . . . . . . . . . . . . 2
Net financial assets . . . . . . . . . . . . . . . . . 1
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
Total economy
Consolidated values
20
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
Ouro Monetário e DSE . . . . . . . . . . . . . . .
Numerário e Depósitos . . . . . . . . . . . . . . .
Numerário . . . . . . . . . . . . . . . . . . . . . .
Depósitos transferíveis
e Outros depósitos. . . . . . . . . . . . . . . .
Títulos excepto Acções. . . . . . . . . . . . . . .
Títulos excepto acções
excluindo derivados financeiros. . . . . .
De curto prazo . . . . . . . . . . . . .
De longo prazo. . . . . . . . . . . . .
Derivados financeiros . . . . . . . . . . . . .
Empréstimos . . . . . . . . . . . . . . . . . . . . . . .
De curto prazo . . . . . . . . . . . . . . . . . . .
De longo prazo. . . . . . . . . . . . . . . . . . .
Acções e outras Participações . . . . . . . . .
Acções e outras participações
excluindo fundos de investimento . . . .
Unidades de participação em
fundos de investimento . . . . . . . . . . . .
Reservas Técnicas de Seguros . . . . . . . .
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . .
Outras . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Outros Débitos e Créditos. . . . . . . . . . . . .
Créditos comerciais e adiantamentos
Outros . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3
4
5
6
7
8
9
10
11
12
13
14
15
17
18
20
21
22
19
16
Activos financeiros líquidos . . . . . . . . . . . .
Passivos
2
11 358
3 836
7 521
0
66 763
30 977
35 786
98 519
98 519
3 252
374
2 879
0
1 033
18
1 015
14 963
12 762
AF.33
AF.331
AF.332
AF.34
AF.5
AF.51
14 765
8 986
5 779
19 266
17 330
1 936
AF.7
AF.71
AF.79
1999
Liabilities
1 595
0
0
1 738
AF.61
AF.62
Assets
1 595
1 738
AF.6
Code
ESA 95
0
2 201
AF.52
AF.4
AF.41
AF.42
11 358
3 252
AF.3
1
0
0
193 000
2
AF.22+AF.29 27 282
0
69 308
Activos
0
0
1
1999
29 056
1 774
AF.2
AF.21
AF.1
BF.90
Código
SEC 95
Fonte / Source: Banco de Portugal
Saldo
3
Net
4 500
8 344
-3 843
-1 595
1 738
143
2 201
-85 758
-83 557
-65 730
-30 960
-34 770
-8 105
-3 463
-4 643
0
-8 105
27 282
29 056
1 774
0
-123 693
3
4
4
Assets
22 210
20 152
2 058
0
1 940
1 940
727
24 137
24 864
1 954
39
1 915
4 338
458
3 880
0
4 338
28 959
30 731
1 772
0
86 037
Activos
2000
2000
Liabilities
5
17 020
10 052
6 968
1 731
0
1 731
0
106 520
106 520
81 163
34 901
46 263
11 296
4 923
6 373
0
11 296
0
0
0
0
217 730
5
Passivos
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Sector institucional - Sociedades Não Financeiras
Valores consolidados
1
F .2.2.2
Saldo
6
Net
5 190
10 099
-4 910
-1 731
1 940
209
727
-82 383
-81 656
-79 210
-34 861
-44 348
-6 957
-4 465
-2 492
0
-6 957
28 959
30 731
1 772
0
-131 693
6
7
Assets
22 976
20 558
2 418
0
2 075
2 075
840
23 434
24 273
2 309
69
2 240
5 901
365
5 536
1
5 902
30 755
32 177
1 422
0
89 712
Activos
7
19 819
9 889
9 930
2 105
0
2 105
0
107 391
107 391
98 018
39 037
58 982
13 574
7 262
6 312
0
13 574
0
0
0
0
240 907
2001
Liabilities
8
8
Passivos
2001
Saldo
9
Net
3 157
10 669
-7 512
-2 105
2 075
-30
840
-83 957
-83 118
-95 709
-38 968
-56 741
-7 673
-6 896
-776
1
-7 672
30 755
32 177
1 422
0
-151 195
9
Assets
10
22 640
20 401
2 239
0
2 140
2 140
898
14 936
15 834
8 172
650
7 521
6 957
719
6 238
0
6 957
30 479
31 967
1 488
0
87 709
Activos
10
2002
Liabilities
11
19 679
9 032
10 647
1 721
0
1 721
0
101 252
101 252
102 914
41 292
61 622
16 047
10 111
5 936
1
16 048
0
0
0
0
241 613
11
Passivos
2002
Saldo
12
Net
2 961
11 369
-8 408
-1 721
2 140
419
898
-86 315
-85 418
-94 742
-40 641
-54 101
-9 089
-9 392
303
-1
-9 090
30 479
31 967
1 488
0
-153 904
12
Activos
Assets
13
24 069
20 378
3 690
0
2 283
2 283
1 074
25 198
26 272
6 930
48
6 882
7 503
1 096
6 407
0
7 503
34 764
36 436
1 671
0
103 492
13
2003
Liabilities
14
19 170
8 995
10 176
1 746
0
1 746
0
121 255
121 255
109 810
42 591
67 218
13 327
7 168
6 159
46
13 372
0
0
0
0
265 353
14
Passivos
2003
Saldo
15
Net
4 898
11 384
-6 486
-1 746
2 283
537
1 074
-96 056
-94 983
-102 880
-42 543
-60 337
-5 824
-6 072
248
-46
-5 869
34 764
36 436
1 671
0
-161 861
15
Activos
Assets
16
24 761
20 920
3 841
0
2 406
2 406
1 126
31 060
32 186
5 736
119
5 617
7 641
1 754
5 887
0
7 641
35 811
37 611
1 801
0
110 342
16
2004
Liabilities
17
21 460
9 975
11 485
1 769
0
1 769
0
128 803
128 803
110 634
41 116
69 518
14 705
8 762
5 943
97
14 801
0
0
0
0
277 468
17
Passivos
2004
Saldo
18
Net
3 301
10 945
-7 643
-1 769
2 406
637
1 126
-97 743
-96 617
-104 899
-40 997
-63 901
-7 064
-7 008
-56
-97
-7 161
35 811
37 612
1 801
0
-167 126
18
2
3
4
5
Monetary gold and SDR . . . . . . . . . . . . .
Currency and deposits. . . . . . . . . . . . . . .
Currency . . . . . . . . . . . . . . . . . . . . . .
Transferable deposits
and Other deposits . . . . . . . . . . . . . .
20
Other accounts receivable and payable
Trade credits and advances . . . . . . . 21
Other . . . . . . . . . . . . . . . . . . . . . . . . 22
Insurance technical reserves. . . . . . . . . . 17
Net equity of households in life
18
insurance & pension funds reserves
Other. . . . . . . . . . . . . . . . . . . . . . . . . 19
Mutual funds shares . . . . . . . . . . . . . 16
Shares and other equity . . . . . . . . . . . . . 14
Shares and other equity
15
excluding mutual funds shares . . . . .
Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Short-term. . . . . . . . . . . . . . . . . . . . . . 12
Long-term . . . . . . . . . . . . . . . . . . . . . 13
Securities other than shares . . . . . . . . . . 6
Securities other than shares,
7
excluding financial derivatives . . . . .
Short-term . . . . . . . . . . . . . . . . . 8
Long-term . . . . . . . . . . . . . . . . . 9
Financial derivatives . . . . . . . . . . . . . 10
1
Net financial assets . . . . . . . . . . . . . . . . .
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
Institutional sector - Non-financial corporations
Consolidated values
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
21
Empréstimos . . . . . . . . . . . . . . . . . . . . . . . . AF.4
De curto prazo . . . . . . . . . . . . . . . . . . . . AF.41
De longo prazo . . . . . . . . . . . . . . . . . . . . AF.42
Acções e outras Participações. . . . . . . . . . . AF.5
Acções e outras participações
excluindo fundos de investimento. . . . . . AF.51
Unidades de participação em
fundos de investimento. . . . . . . . . . . . . . AF.52
Reservas Técnicas de Seguros. . . . . . . . . . AF.6
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . . . AF.61
Outras. . . . . . . . . . . . . . . . . . . . . . . . . . . AF.62
Outros Débitos e Créditos . . . . . . . . . . . . . . AF.7
Créditos comerciais e adiantamentos
AF.71
Outros . . . . . . . . . . . . . . . . . . . . . . . . . . . AF.79
8
9
10
11
12
13
14
15
17
18
20
21
22
19
Code
ESA 95
61 728
11 904
49 824
379
AF.33
AF.331
AF.332
AF.34
2
3 448
585
2 863
9 602
247
9 355
1999
Liabilities
26 864
4 355
0
531
Assets
31 219
531
20 648
37 092
1 548
57 739
23 668
4 641
417
4 224
12 238
1 572
10 666
0
3
Net
6 154
-338
6 492
-26 864
-3 824
-30 688
-19 099
-13 424
-32 523
122 268
41 486
80 782
49 490
10 332
39 158
379
49 868
-129 465
12 238
162 056
5 691
-13 762
Saldo
-134 532
-5 067
3
167 381
5 325
0
276 668
2
Passivos
1999
25 216
126 910
41 904
85 006
62 107
AF.3
1
Títulos excepto Acções . . . . . . . . . . . . . . . .
Títulos excepto acções
excluindo derivados financeiros . . . . . . .
De curto prazo . . . . . . . . . . . . . . .
De longo prazo . . . . . . . . . . . . . .
Derivados financeiros . . . . . . . . . . . . . . .
6
7
16
Numerário e Depósitos . . . . . . . . . . . . . . . . AF.2
32 850
Numerário . . . . . . . . . . . . . . . . . . . . . . . . AF.21
259
Depósitos transferíveis
e Outros depósitos . . . . . . . . . . . . . . . . . AF.22+AF.29 32 591
3
4
5
5 691
Ouro Monetário e DSE. . . . . . . . . . . . . . . . . AF.1
262 906
Activos
2
1
Activos financeiros líquidos. . . . . . . . . . . . . . BF.90
Código
SEC 95
Fonte / Source: Banco de Portugal
Activos
4
Assets
12 087
245
11 842
0
557
557
1 730
28 357
30 087
155 122
46 278
108 844
65 755
13 231
52 524
514
66 268
39 060
39 386
326
5 773
309 282
4
2000
Liabilities
5
3 915
506
3 409
30 628
4 926
35 554
20 254
47 644
67 898
7 544
240
7 304
15 973
1 493
14 479
0
15 973
190 727
195 790
5 064
0
326 674
5
Passivos
2000
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROSvvvv
Sector institucional - Sociedades Financeiras
Valores consolidados
1
F .2.2.3
5 773
-17 392
Saldo
6
Net
8 172
-260
8 433
-30 628
-4 369
-34 996
-18 524
-19 287
-37 811
147 579
46 038
101 541
49 782
11 737
38 045
514
50 296
-151 667
-156 404
-4 737
6
Activos
7
Assets
12 061
277
11 784
0
636
636
2 266
29 486
31 752
180 634
50 099
130 535
69 937
15 853
54 084
781
70 718
38 686
39 053
367
6 215
341 068
7
2001
Liabilities
8
4 392
666
3 726
34 117
5 328
39 445
21 266
46 449
67 716
10 253
370
9 883
21 477
1 274
20 204
0
21 477
208 280
212 421
4 141
0
355 704
8
Passivos
2001
Saldo
9
Net
7 669
-389
8 058
-34 117
-4 692
-38 809
-19 001
-16 963
-35 964
170 381
49 729
120 652
48 459
14 579
33 880
781
49 240
-169 594
-173 368
-3 774
6 215
-14 636
9
Activos
Assets
10
12 289
224
12 064
0
629
629
2 434
28 463
30 897
195 924
52 488
143 436
73 041
15 116
57 925
497
73 537
38 187
38 352
165
6 291
357 919
10
2002
Liabilities
11
5 647
1 048
4 598
37 764
5 538
43 302
21 463
45 209
66 672
16 583
490
16 093
21 949
1 080
20 870
0
21 949
209 997
213 951
3 954
0
368 104
11
Passivos
2002
Saldo
12
Net
6 642
-824
7 466
-37 764
-4 909
-42 673
-19 029
-16 746
-35 775
179 341
51 998
127 343
51 091
14 037
37 055
497
51 588
-171 810
-175 599
-3 789
6 291
-10 185
12
Activos
Assets
13
12 661
233
12 429
0
797
797
2 270
33 561
35 831
210 254
54 620
155 634
79 739
16 152
63 588
-193
79 546
43 521
43 698
177
5 565
388 352
13
2003
Liabilities
14
6 969
884
6 085
40 981
5 751
46 732
24 762
56 670
81 432
23 669
801
22 867
23 938
1 752
22 186
0
23 938
212 871
216 633
3 762
0
399 373
14
Passivos
2003
Saldo
15
Net
5 692
-652
6 344
-40 981
-4 954
-45 935
-22 492
-23 109
-45 601
186 586
53 818
132 767
55 801
14 400
41 401
-193
55 608
-169 350
-172 935
-3 585
5 565
-11 021
15
Activos
Assets
16
11 889
290
11 599
0
584
584
2 683
38 050
40 734
223 396
53 555
169 841
86 898
14 814
72 084
-257
86 640
44 033
44 258
224
4 855
412 356
16
2004
Liabilities
17
7 089
304
6 785
43 227
5 976
49 203
26 876
65 210
92 087
22 897
883
22 014
24 448
1 005
23 443
0
24 448
225 057
228 689
3 632
0
424 414
17
Passivos
2004
Saldo
18
Net
4 800
-14
4 814
-43 227
-5 393
-48 620
-24 193
-27 160
-51 353
200 499
52 673
147 827
62 449
13 809
48 640
-257
62 192
-181 024
-184 431
-3 407
4 855
-12 058
18
Other accounts receivable and payable
Trade credits and advances . . . . . . .
Other . . . . . . . . . . . . . . . . . . . . . . . .
Insurance technical reserves. . . . . . . . . .
Net equity of households in life
insurance pension funds reserves. .
Other. . . . . . . . . . . . . . . . . . . . . . . . .
Mutual funds shares . . . . . . . . . . . . .
Shares and other equity . . . . . . . . . . . . .
Shares and other equity
excluding mutual funds shares . . . . .
Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Short-term. . . . . . . . . . . . . . . . . . . . . .
Long-term . . . . . . . . . . . . . . . . . . . . .
Securities other than shares . . . . . . . . . .
Securities other than shares,
excluding financial derivatives . . . . .
Short-term . . . . . . . . . . . . . . . . .
Long-term . . . . . . . . . . . . . . . . .
Financial derivatives . . . . . . . . . . . . .
Currency and deposits. . . . . . . . . . . . . . .
Currency . . . . . . . . . . . . . . . . . . . . . .
Transferable deposits
and Other deposits . . . . . . . . . . . . . .
Monetary gold and SDR . . . . . . . . . . . . .
Net financial assets . . . . . . . . . . . . . . . . .
20
21
22
19
17
18
16
14
15
11
12
13
8
9
10
6
7
3
4
5
2
1
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
Institutional sector - Financial corporations
Consolidated values
22
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
14
15
17
18
20
21
22
19
2
19 670
Acções e outras Participações . . . . . . . . . . . AF.5
Acções e outras participações
excluindo fundos de investimento . . . . . . AF.51
Unidades de participação em
fundos de investimento . . . . . . . . . . . . . . AF.52
11
12
13
Code
ESA 95
5 654
0
5 654
Outros Débitos e Créditos. . . . . . . . . . . . . . . AF.7
AF.71
Créditos comerciais e adiantamentos
Outros . . . . . . . . . . . . . . . . . . . . . . . . . . . . AF.79
Assets
0
0
0
9
1999
Liabilities
4 314
25
4 288
0
9
0
4 298
463
3 834
48 025
841
47 184
0
Reservas Técnicas de Seguros . . . . . . . . . . AF.6
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . . . . AF.61
Outras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AF.62
102
449
1
448
372
AF.33
AF.331
AF.332
AF.34
48 025
12 585
821
8 894
AF.3
1
0
19 771
Empréstimos . . . . . . . . . . . . . . . . . . . . . . . . . AF.4
De curto prazo . . . . . . . . . . . . . . . . . . . . . AF.41
De longo prazo. . . . . . . . . . . . . . . . . . . . . AF.42
8
9
10
16
0
628
1
627
Títulos excepto Acções. . . . . . . . . . . . . . . . .
Títulos excepto acções
excluindo derivados financeiros. . . . . . . .
De curto prazo . . . . . . . . . . . . . . .
De longo prazo. . . . . . . . . . . . . . .
Derivados financeiros . . . . . . . . . . . . . . .
6
7
12 933
348
8 937
43
0
Numerário e Depósitos . . . . . . . . . . . . . . . . . AF.2
Numerário . . . . . . . . . . . . . . . . . . . . . . . . AF.21
Depósitos transferíveis
e Outros depósitos. . . . . . . . . . . . . . . . . . AF.22+F.29
0
Ouro Monetário e DSE . . . . . . . . . . . . . . . . . AF.1
69 569
Passivos
2
3
4
5
35 819
Activos
2
1
1999
Activos financeiros líquidos . . . . . . . . . . . . . . BF.90
Código
SEC 95
Fonte / Source: Banco de Portugal
Saldo
3
Net
1 340
-25
1 365
0
9
9
102
19 670
19 771
-3 670
-463
-3 207
-47 577
-841
-46 736
372
-47 205
-3 691
-3 996
-305
0
-33 750
3
4
4
Assets
6 570
1
6 569
0
10
10
388
21 063
21 451
793
1
793
731
0
731
353
1 084
8 214
8 260
46
0
38 167
Activos
2000
4 931
20
4 912
0
0
0
0
0
0
4 443
516
3 927
49 963
528
49 434
0
49 963
13 707
14 069
362
0
73 406
2000
Liabilities
5
5
Passivos
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Sector institucional - Administrações Públicas
Valores consolidados
1
F.2.2.4
Saldo
6
Net
1 639
-18
1 657
0
10
10
388
21 063
21 451
-3 650
-515
-3 135
-49 232
-528
-48 704
353
-48 879
-5 493
-5 809
-316
0
-35 239
6
7
Assets
8 073
2
8 072
0
10
10
400
21 903
22 303
2 666
3
2 663
1 563
74
1 489
429
1 991
6 422
6 453
31
0
41 497
Activos
7
3 483
17
3 466
0
0
0
0
0
0
5 231
878
4 353
55 645
2 224
53 421
0
55 645
14 816
15 186
370
0
79 545
2001
Liabilities
8
8
Passivos
2001
Saldo
9
Net
4 591
-16
4 606
0
10
10
400
21 903
22 303
-2 565
-876
-1 690
-54 083
-2 151
-51 932
429
-53 654
-8 394
-8 732
-339
0
-38 048
9
Activos
Assets
10
8 647
1
8 646
0
10
10
390
20 767
21 157
2 700
1
2 698
1 778
167
1 611
79
1 857
7 966
8 026
60
0
42 397
10
2002
Liabilities
11
3 501
3
3 497
0
0
0
0
0
0
5 647
531
5 116
62 867
436
62 431
0
62 867
15 618
15 931
313
0
87 946
11
Passivos
2002
Saldo
12
Net
5 147
-2
5 149
0
10
10
390
20 767
21 157
-2 947
-530
-2 417
-61 090
-269
-60 821
79
-61 010
-7 652
-7 905
-253
0
-45 549
12
Activos
Assets
13
9 035
0
9 035
0
11
11
414
20 002
20 415
2 904
1
2 903
1 867
183
1 684
234
2 101
6 640
6 666
26
0
41 133
13
2003
Liabilities
14
3 403
3
3 401
0
0
0
0
0
0
5 660
916
4 743
65 337
3 928
61 409
0
65 337
16 260
16 627
366
0
91 027
14
Passivos
2003
Saldo
15
Net
5 631
-3
5 634
0
11
11
414
20 002
20 415
-2 755
-915
-1 840
-63 470
-3 745
-59 726
234
-63 236
-9 620
-9 961
-341
0
-49 894
15
Activos
Assets
16
10 418
0
10 418
0
12
12
552
18 213
18 765
2 969
1
2 968
1 737
162
1 575
-262
1 475
6 438
6 467
28
0
40 105
16
2004
Liabilities
17
3 589
3
3 587
0
0
0
0
0
0
7 019
1 979
5 040
70 609
9 774
60 835
0
70 609
16 031
16 478
447
0
97 696
17
Passivos
2004
Saldo
18
Net
6 829
-3
6 831
0
12
12
552
18 213
18 765
-4 050
-1 978
-2 072
-68 872
-9 612
-59 260
-262
-69 134
-9 593
-10 011
-418
0
-57 591
18
Other accounts receivable and payable 20
Trade credits and advances . . . . . . . 21
Other . . . . . . . . . . . . . . . . . . . . . . . . 22
Insurance technical reserves. . . . . . . . . . 17
Net equity of households in life
18
insurance & pension funds reserves
Other. . . . . . . . . . . . . . . . . . . . . . . . . 19
Mutual funds shares . . . . . . . . . . . . . 16
Shares and other equity . . . . . . . . . . . . . 14
Shares and other equity
15
excluding mutual funds shares . . . . .
Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Short-term. . . . . . . . . . . . . . . . . . . . . . 12
Long-term . . . . . . . . . . . . . . . . . . . . . 13
Securities other than shares . . . . . . . . . . 6
Securities other than shares,
7
excluding financial derivatives . . . . .
8
Short-term . . . . . . . . . . . . . . . . .
Long-term . . . . . . . . . . . . . . . . . 9
Financial derivatives . . . . . . . . . . . . . 10
Currency and deposits. . . . . . . . . . . . . . . 3
Currency . . . . . . . . . . . . . . . . . . . . . . 4
Transferable deposits
5
and Other deposits . . . . . . . . . . . . . .
Monetary gold and SDR . . . . . . . . . . . . . 2
Net financial assets . . . . . . . . . . . . . . . . . 1
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
Institutional sector - General government
Consolidated values
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
23
Títulos excepto Acções . . . . . . . . . . . . . . . . . .
Títulos excepto acções
excluindo derivados financeiros . . . . . . . . .
De curto prazo . . . . . . . . . . . . . . . . .
De longo prazo . . . . . . . . . . . . . . . .
Derivados financeiros . . . . . . . . . . . . . . . . .
Empréstimos . . . . . . . . . . . . . . . . . . . . . . . . . . AF.4
De curto prazo . . . . . . . . . . . . . . . . . . . . . . AF.41
De longo prazo . . . . . . . . . . . . . . . . . . . . . . AF.42
Acções e outras Participações. . . . . . . . . . . . . AF.5
Acções e outras participações
excluindo fundos de investimento. . . . . . . . AF.51
Unidades de participação em
fundos de investimento . . . . . . . . . . . . . . . . AF.52
Reservas Técnicas de Seguros . . . . . . . . . . . . AF.6
Seguros de vida e fundos de
AF.61
pensões . . . . . . . . . . . . . . . . . . . . . . . . . . .
Outras . . . . . . . . . . . . . . . . . . . . . . . . . . AF.62
Outros Débitos e Créditos . . . . . . . . . . . . . . . . AF.7
Créditos comerciais e adiantamentos . . . . . AF.71
Outros . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AF.79
6
7
8
9
10
11
12
13
14
15
17
18
19
20
21
22
16
Numerário e Depósitos . . . . . . . . . . . . . . . . . . AF.2
95 623
Numerário . . . . . . . . . . . . . . . . . . . . . . . . . . AF.21
3 800
Depósitos transferíveis
e Outros depósitos . . . . . . . . . . . . . . . . . . . AF.22+AF.29 91 823
3
4
5
Code
ESA 95
10 738
119
10 619
0
AF.33
AF.331
AF.332
AF.34
1999
1
Assets
1999
Liabilities
2
13 121
10 622
2 498
0
2 461
2 112
2 040
73
0
0
30 921
28 460
0
0
18 415
0
52 002
61 615
7 189
54 426
0
0
0
0
3
Net
-11 008
-8 583
-2 426
2 461
30 921
28 460
18 415
52 002
70 417
-61 252
-7 189
-54 063
10 738
119
10 619
0
10 738
91 823
0
0
95 623
3 800
0
135 438
3
Saldo
0
0
0
74 736
2
Passivos
70 418
363
0
363
10 738
AF.3
0
Ouro Monetário e DSE. . . . . . . . . . . . . . . . . . . AF.1
2
210 175
1
Activos
Activos financeiros líquidos. . . . . . . . . . . . . . . . BF.90
Código
SEC 95
Fonte / Source: Banco de Portugal
4
Assets
2 524
2 170
354
2 813
35 171
32 359
19 364
54 267
73 631
55
0
55
13 985
195
13 790
0
13 985
100 592
104 158
3 566
0
229 524
4
Activos
2000
2000
Liabilities
5
16 763
12 569
4 194
0
0
0
0
0
0
73 791
7 835
65 956
0
0
0
0
0
0
0
0
0
90 554
5
Passivos
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Sector institucional - Particulares
Valores consolidados
1
F .2.2.5
6
Net
-14 239
-10 400
-3 839
2 813
35 171
32 359
19 364
54 267
73 631
-73 735
-7 835
-65 901
13 985
195
13 790
0
13 985
100 592
104 158
3 566
0
138 971
6
Saldo
7
Assets
3 386
2 350
1 035
3 068
39 290
36 222
20 607
57 086
77 693
12
0
12
19 407
291
19 115
0
19 407
108 238
111 233
2 994
0
251 020
7
Activos
2001
2001
Liabilities
8
17 821
13 049
4 772
0
0
0
0
0
0
82 758
7 330
75 427
0
0
0
0
0
0
0
0
0
100 579
8
Passivos
9
Net
-14 435
-10 699
-3 736
3 068
39 290
36 222
20 607
57 086
77 693
-82 745
-7 330
-75 415
19 407
291
19 115
0
19 407
108 238
111 233
2 994
0
150 441
9
Saldo
Assets
10
4 031
2 358
1 673
3 207
42 691
39 485
20 896
51 789
72 686
7
0
7
24 220
353
23 868
0
24 220
109 810
112 912
3 103
0
256 548
10
Activos
2002
2002
Liabilities
11
17 006
12 950
4 057
0
0
0
0
0
0
92 494
7 012
85 482
0
0
0
0
0
0
0
0
0
109 500
11
Passivos
12
Net
-12 975
-10 592
-2 383
3 207
42 691
39 485
20 896
51 789
72 686
-92 486
-7 012
-85 474
24 220
353
23 868
0
24 220
109 810
112 912
3 103
0
147 048
12
Saldo
Assets
13
4 546
2 271
2 275
3 268
45 995
42 727
23 914
60 465
84 379
7
0
7
26 187
547
25 640
0
26 187
109 956
113 213
3 257
0
274 327
13
Activos
2003
2003
Liabilities
14
19 064
13 051
6 013
0
0
0
0
0
0
101 689
7 969
93 719
0
0
0
-1
-1
0
0
0
0
120 752
14
Passivos
15
Net
-14 519
-10 780
-3 738
3 268
45 995
42 727
23 914
60 465
84 379
-101 681
-7 969
-93 712
26 187
547
25 640
1
26 188
109 956
113 213
3 257
0
153 575
15
Saldo
Assets
16
3 750
2 298
1 452
3 362
48 358
44 996
25 667
64 059
89 726
11
0
11
28 885
592
28 293
0
28 885
113 677
117 186
3 510
0
287 916
16
Activos
2004
2004
Liabilities
17
17 612
13 741
3 871
0
0
0
0
0
0
112 228
8 765
103 463
0
0
0
1
1
0
0
0
0
129 841
17
Passivos
Saldo
19
20
21
22
-13 862 Other accounts receivable and payable
Trade credits and advances . . . . . . .
-11 443
Other . . . . . . . . . . . . . . . . . . . . . . . .
-2 419
Net
17
18
18
16
Mutual funds shares . . . . . . . . . . . . .
14
15
11
12
13
8
9
10
6
7
3
4
5
2
1
48 358 Insurance technical reserves. . . . . . . . . .
Net equity of households in life
44 996
insurance & pension funds reserves
Other. . . . . . . . . . . . . . . . . . . . . . . . .
3 362
25 667
89 726 Shares and other equity . . . . . . . . . . . . .
Shares and other equity
excluding mutual funds shares . . . . .
64 059
-112 216 Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Short-term. . . . . . . . . . . . . . . . . . . . . .
-8 765
Long-term . . . . . . . . . . . . . . . . . . . . .
-103 451
28 884 Securities other than shares . . . . . . . . . .
Securities other than shares,
excluding financial derivatives . . . . .
28 885
Short-term . . . . . . . . . . . . . . . . .
592
Long-term . . . . . . . . . . . . . . . . .
28 293
Financial derivatives . . . . . . . . . . . . .
-1
117 186 Currency and deposits. . . . . . . . . . . . . . .
Currency . . . . . . . . . . . . . . . . . . . . . .
3 510
Transferable deposits
and Other deposits . . . . . . . . . . . . . .
113 677
0 Monetary gold and SDR . . . . . . . . . . . . .
158 076 Net financial assets . . . . . . . . . . . . . . . . .
18
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
Institutional sector - Households + NPISH
Consolidated values
24
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
Títulos excepto Acções. . . . . . . . . . . . . . . . .
Títulos excepto acções
excluindo derivados financeiros. . . . . . . .
De curto prazo . . . . . . . . . . . . . . .
De longo prazo. . . . . . . . . . . . . . .
Derivados financeiros . . . . . . . . . . . . . . .
Empréstimos . . . . . . . . . . . . . . . . . . . . . . . . . AF.4
De curto prazo . . . . . . . . . . . . . . . . . . . . . AF.41
De longo prazo. . . . . . . . . . . . . . . . . . . . . AF.42
Acções e outras Participações . . . . . . . . . . . AF.5
Acções e outras participações
excluindo fundos de investimento . . . . . . AF.51
Unidades de participação em
fundos de investimento . . . . . . . . . . . . . . AF.52
Reservas Técnicas de Seguros . . . . . . . . . . AF.6
Seguros de vida e fundos de
pensões . . . . . . . . . . . . . . . . . . . . . . . . . . AF.61
Outras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AF.62
Outros Débitos e Créditos. . . . . . . . . . . . . . . AF.7
Créditos comerciais e adiantamentos
AF.71
Outros . . . . . . . . . . . . . . . . . . . . . . . . . . . . AF.79
6
7
8
9
10
11
12
13
14
15
17
18
20
21
22
19
16
Numerário e Depósitos . . . . . . . . . . . . . . . . . AF.2
57 299
Numerário . . . . . . . . . . . . . . . . . . . . . . . . AF.21
Depósitos transferíveis
0
e Outros depósitos. . . . . . . . . . . . . . . . . . AF.22+AF.29 57 299
3
4
5
Code
ESA 95
17 467
15 281
43 359
42 790
0
531
7 906
6 114
1 792
0
147
6 920
6 717
203
1999
Liabilities
531
147
Assets
2 187
568
2
11 756
3 503
8 253
36 515
8 311
28 204
751
31 970
2 164
29 806
0
AF.33
AF.331
AF.332
AF.34
20 139
628
19 511
37 266
3
Net
-986
603
-1 588
0
-384
-384
-1 618
27 510
25 891
8 383
-2 875
11 258
-4 545
-6 147
1 603
-751
-5 296
-203
14 051
203
43 248
0
13 849
31 970
1
Saldo
41 457
3
43 451
0
118 376
2
Passivos
1999
AF.3
0
Ouro Monetário e DSE . . . . . . . . . . . . . . . . . AF.1
2
Activos
159 834
1
Activos financeiros líquidos . . . . . . . . . . . . . . BF.90
Código
SEC 95
Fonte / Source: Banco de Portugal
4
Assets
7 865
7 660
206
0
164
164
427
51 137
51 564
24 351
804
23 547
35 948
1 983
33 965
0
35 948
0
80 480
80 480
0
200 372
4
Activos
2000
2000
Liabilities
5
8 627
7 081
1 546
0
557
557
2 382
24 797
27 179
15 335
3 630
11 705
43 525
8 922
34 604
867
44 392
285
52 871
53 156
0
149 246
5
Passivos
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Sector institucional - Resto do Mundo
Valores consolidados
1
F .2.2.6
Saldo
6
Net
-761
579
-1 340
0
-393
-393
-1 955
26 340
24 385
9 016
-2 826
11 843
-7 577
-6 939
-639
-867
-8 444
-285
27 609
27 324
0
51 127
6
Activos
7
Assets
7 547
7 288
259
0
175
175
266
50 366
50 632
32 518
1 183
31 335
46 312
5 151
41 161
0
46 312
0
95 461
95 461
0
232 646
7
423
974
449
211
2001
Liabilities
8
8 528
6 853
1 674
0
636
636
3 112
28 435
31 547
21 879
3 738
18 141
52
10
41
1
53 633
303
56 467
56 770
0
172 992
8
Passivos
2001
Saldo
9
Net
-981
435
-1 416
0
-461
-461
-2 845
21 931
19 086
10 639
-2 555
13 194
-6 111
-5 823
-288
-1 211
-7 321
-303
38 995
38 692
0
59 653
9
Activos
Assets
10
6 661
6 471
190
0
181
181
248
50 795
51 044
38 065
1 026
37 039
54 592
6 353
48 238
0
54 592
0
96 993
96 993
0
247 535
10
2002
Liabilities
11
8 435
6 421
2 014
0
629
629
3 404
20 290
23 694
27 229
4 840
22 389
59 724
11 082
48 643
575
60 299
548
57 819
58 368
0
178 654
11
Passivos
2002
Saldo
12
Net
-1 774
50
-1 823
0
-448
-448
-3 155
30 505
27 350
10 835
-3 814
14 649
-5 133
-4 728
-404
-575
-5 707
-548
39 174
38 625
0
68 882
12
Activos
Assets
13
6 716
6 515
201
0
189
189
362
67 685
68 047
44 422
1 218
43 204
58 699
7 049
51 651
0
58 699
0
98 878
98 878
0
276 951
13
2003
Liabilities
14
8 419
6 464
1 955
0
797
797
3 271
28 986
32 257
23 691
3 609
20 082
71 394
12 179
59 214
-4
71 390
1 003
64 628
65 631
0
202 185
14
Passivos
2003
Saldo
15
Net
-1 703
51
-1 754
0
-608
-608
-2 909
38 699
35 790
20 731
-2 391
23 122
-12 694
-5 131
-7 564
4
-12 690
-1 003
34 250
33 247
0
74 766
15
Activos
Assets
16
7 638
7 416
221
0
196
196
617
78 160
78 777
42 917
2 269
40 648
64 916
11 078
53 838
0
64 916
0
107 535
107 535
0
301 979
16
2004
Liabilities
17
8 705
6 901
1 804
0
584
584
3 769
35 528
39 297
22 251
3 201
19 050
80 314
8 859
71 455
-617
79 697
1 485
66 405
67 890
0
218 424
17
Passivos
2004
Saldo
18
Net
-1 068
515
-1 583
0
-388
-388
-3 152
42 632
39 480
20 666
-932
21 598
-15 398
2 219
-17 617
617
-14 781
-1 485
41 130
39 645
0
83 555
18
2
3
4
5
Monetary gold and SDR . . . . . . . . . . . . .
Currency and deposits. . . . . . . . . . . . . . .
Currency . . . . . . . . . . . . . . . . . . . . . .
Transferable deposits
and Other deposits . . . . . . . . . . . . . .
20
Other accounts receivable and payable
Trade credits and advances . . . . . . . 21
Other . . . . . . . . . . . . . . . . . . . . . . . . 22
Insurance technical reserves. . . . . . . . . . 17
Net equity of households in life
18
insurance & pension funds reserves
Other. . . . . . . . . . . . . . . . . . . . . . . . . 19
Mutual funds shares . . . . . . . . . . . . . 16
Shares and other equity . . . . . . . . . . . . . 14
Shares and other equity
15
excluding mutual funds shares . . . . .
Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Short-term. . . . . . . . . . . . . . . . . . . . . . 12
Long-term . . . . . . . . . . . . . . . . . . . . . 13
Securities other than shares . . . . . . . . . . 6
Securities other than shares,
7
excluding financial derivatives . . . . .
Short-term . . . . . . . . . . . . . . . . . 8
Long-term . . . . . . . . . . . . . . . . . 9
Financial derivatives . . . . . . . . . . . . . 10
1
Net financial assets . . . . . . . . . . . . . . . . .
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
Institutional sector - Rest of the world
Consolidated values
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
25
Administrações Públicas . . . . . . . . . . . . . . . . S.13
Particulares . . . . . . . . . . . . . . . . . . . . . . . . . . S.14+S.15
Resto do Mundo . . . . . . . . . . . . . . . . . . . . . . S.2
4
5
6
1
Assets
57 299
95 623
1999
1999
29 056
-13 848
3
Saldo
3
Net
13 849
95 623
-3 996
-134 532
Liabilities
2
43 451
0
12 933
167 381
0
180 314
2
Passivos
4
Assets
80 480
104 158
8 260
39 386
30 731
182 535
4
Activos
Total da Economia. . . . . . . . . . . . . . . . . . . . .
Sociedades Não Financeiras. . . . . . . . . . . . .
Sociedades Financeiras . . . . . . . . . . . . . . . . .
Administrações Públicas . . . . . . . . . . . . . . . .
Particulares . . . . . . . . . . . . . . . . . . . . . . . . . .
Resto do Mundo . . . . . . . . . . . . . . . . . . . . . .
2
3
4
5
6
Passivos
37 266
31 970
S.14+S.15
S.2
Code
ESA 95
0
10 738
S.13
1999
Liabilities
48 025
821
S.12
2
12 238
62 107
S.11
Assets
11 358
1
71 621
2
3 252
Activos
76 917
1
1999
S.1
SEC 95
Código
Fonte / Source: Banco de Portugal
3
3
Net
-5 296
10 738
-47 205
49 868
-8 105
5 296
Saldo
4
Assets
35 948
13 985
1 084
66 268
4 338
85 675
Activos
4
2000
44 392
0
49 963
15 973
11 296
77 231
2000
Liabilities
5
5
Passivos
2000
2000
30 731
-27 324
6
Saldo
6
6
6
Net
-8 444
13 985
-48 879
50 296
-6 957
8 444
Saldo
Net
27 324
104 158
-5 809
-156 404
Liabilities
5
53 156
0
14 069
195 790
0
209 859
5
Passivos
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Instrumento financeiro - Títulos excepto Acções
Valores consolidados
1
F .2.3.2
32 850
Sociedades Financeiras . . . . . . . . . . . . . . . . S.12
3
Code
ESA 95
29 056
Sociedades Não Financeiras. . . . . . . . . . . . . S.11
8 937
166 465
Total da Economia. . . . . . . . . . . . . . . . . . . . . S.1
1
Activos
2
SEC 95
Código
Fonte / Source: Banco de Portugal
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROSv
Instrumento financeiro - Numerário e Depósitos
Valores consolidados
1
F .2.3.1
Assets
7
7
Assets
46 312
19 407
1 991
70 718
5 902
98 018
Activos
7
95 461
111 233
6 453
39 053
32 177
188 915
7
Activos
2001
53 633
0
55 645
21 477
13 574
90 697
2001
Liabilities
8
8
Passivos
2001
2001
Liabilities
8
56 770
0
15 186
212 421
0
227 607
8
Passivos
9
9
9
Net
-7 321
19 407
-53 654
49 240
-7 672
7 321
Saldo
Net
38 692
111 233
-8 732
-173 368
32 177
-38 691
9
Saldo
Assets
10
54 592
24 220
1 857
73 537
6 957
106 572
10
Activos
Assets
10
96 993
112 912
8 026
38 352
31 967
191 257
10
Activos
2002
2002
Liabilities
11
60 299
0
62 867
21 949
16 048
100 865
11
Passivos
2002
2002
Liabilities
11
58 368
0
15 931
213 951
0
229 882
11
Passivos
12
12
Net
Net
-5 707
24 220
-61 010
51 588
-9 090
5 707
Saldo
12
38 625
112 912
-7 905
-175 599
31 967
-38 625
12
Saldo
58 699
26 187
2 101
79 546
7 503
Assets
13
2003
2003
Liabilities
14
65 631
0
16 627
216 633
0
233 259
14
Passivos
15
Net
33 247
113 213
-9 961
-172 935
36 436
-33 246
15
Saldo
Assets
16
107 535
117 186
6 467
44 258
37 611
205 523
16
Activos
2004
2004
Liabilities
17
67 890
0
16 478
228 689
0
245 167
17
Passivos
Saldo
18
Net
39 645
117 186
-10 011
-184 431
37 612
-39 645
18
1
2
3
4
5
6
Total economy . . . . . . . . . . . . . . . . . . . .
Non-financial corporations . . . . . . . . . . .
Financial corporations . . . . . . . . . . . . . .
General government. . . . . . . . . . . . . . . .
Households + NPISH . . . . . . . . . . . . . . .
Rest of the world. . . . . . . . . . . . . . . . . . .
2003
Liabilities
14
71 390
-1
65 337
23 938
13 372
102 647
14
Passivos
2003
15
15
Net
-12 690
26 188
-63 236
55 608
-5 869
12 690
Saldo
Activos
Assets
16
64 916
28 885
1 475
86 640
7 641
124 641
16
2004
Liabilities
17
79 697
1
70 609
24 448
14 801
109 860
17
Passivos
2004
18
18
Net
-14 781
28 884
-69 134
62 192
-7 161
14 781
Saldo
2
3
4
5
6
Financial corporations . . . . . . . . . . . . . .
General government. . . . . . . . . . . . . . . .
Households + NPISH . . . . . . . . . . . . . . .
Rest of the world. . . . . . . . . . . . . . . . . . .
1
Non-financial corporations . . . . . . . . . . .
Total economy . . . . . . . . . . . . . . . . . . . .
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
Financial instrument - Securities other than shares
Consolidated values
115 337
13
Activos
Assets
13
98 878
113 213
6 666
43 698
36 436
200 013
13
Activos
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
Financial instrument - Currency and deposits
Consolidated values
26
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
Sociedades Financeiras . . . . . . . . . . . . . . . .
Administrações Públicas . . . . . . . . . . . . . . . .
Particulares . . . . . . . . . . . . . . . . . . . . . . . . . .
Resto do Mundo . . . . . . . . . . . . . . . . . . . . . .
3
4
5
6
Code
ESA 95
1999
Liabilities
11 756
20 139
S.14+S.15
2
61 615
363
S.13
Assets
4 298
628
S.12
1
4 641
S.2
66 763
1 033
126 910
S.11
137 317
128 934
S.1
3
3
Net
8 383
-61 252
-3 670
122 268
-65 730
-8 383
Saldo
4
4
Assets
24 351
55
793
155 122
1 954
157 925
Activos
Total da Economia. . . . . . . . . . . . . . . . . . . . .
Sociedades ão Financeiras . . . . . . . . . . . . . .
Sociedades Financeiras . . . . . . . . . . . . . . . .
Administrações Públicas . . . . . . . . . . . . . . . .
Particulares . . . . . . . . . . . . . . . . . . . . . . . . . .
Resto do Mundo . . . . . . . . . . . . . . . . . . . . . .
1
2
3
4
5
6
Passivos
Code
ESA 95
43 359
S.2
0
1999
Liabilities
2
70 418
S.14+S.15
Assets
17 467
19 771
S.13
1
0
25 216
S.12
57 739
98 519
14 963
S.11
2
156 259
Activos
130 368
1
1999
S.1
SEC 95
Código
3
3
Net
25 891
70 417
19 771
-32 523
-83 557
-25 891
Saldo
4
Assets
51 564
73 631
21 451
30 087
24 864
150 033
Activos
4
2000
15 335
73 791
4 443
7 544
81 163
166 941
2000
Liabilities
5
27 179
0
0
67 898
106 520
174 418
5
Passivos
2000
2000
Liabilities
5
5
Passivos
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Instrumento financeiro - Acções e outras Participações
Valores consolidados
Sociedades Não Financeiras. . . . . . . . . . . . .
2
F .2.3.4
Total da Economia. . . . . . . . . . . . . . . . . . . . .
1999
Passivos
2
Activos
1
SEC 95
Código
Fonte / Source: Banco de Portugal
CONTAS NACIONAIS FINANCEIRAS - PATRIMÓNIOS FINANCEIROS
Instrumento financeiro - Empréstimos
Valores consolidados
1
F .2.3.3
6
6
6
6
Net
24 385
73 631
21 451
-37 811
-81 656
-24 385
Saldo
Net
9 016
-73 735
-3 650
147 579
-79 210
-9 016
Saldo
Assets
32 518
12
2 666
180 634
2 309
185 621
7
Assets
50 632
77 693
22 303
31 752
24 273
156 021
7
Activos
7
7
Activos
2001
21 879
82 758
5 231
10 253
98 018
196 260
2001
Liabilities
8
31 547
0
0
67 716
107 391
175 107
8
Passivos
2001
2001
Liabilities
8
8
Passivos
Saldo
Net
10 639
-82 745
-2 565
170 381
-95 709
-10 639
9
Net
19 086
77 693
22 303
-35 964
-83 118
-19 086
9
9
9
Saldo
Assets
10
51 044
72 686
21 157
30 897
15 834
140 573
10
Activos
Assets
10
38 065
7
2 700
195 924
8 172
206 803
10
Activos
2002
2002
Liabilities
11
23 694
0
0
66 672
101 252
167 923
11
Passivos
2002
2002
Liabilities
11
27 229
92 494
5 647
16 583
102 914
217 638
11
Passivos
Saldo
Net
12
Net
27 350
72 686
21 157
-35 775
-85 418
-27 350
12
12
10 835
-92 486
-2 947
179 341
-94 742
-10 835
12
Saldo
Assets
13
68 047
84 379
20 415
35 831
26 272
166 897
13
Activos
Assets
13
2003
2003
Liabilities
14
23 691
101 689
5 660
23 669
109 810
240 827
14
Passivos
15
Net
20 731
-101 681
-2 755
186 586
-102 880
-20 731
15
Saldo
Assets
16
42 917
11
2 969
223 396
5 736
232 112
16
Activos
2004
2004
Liabilities
17
22 251
112 228
7 019
22 897
110 634
252 779
17
Passivos
-20 666
Saldo
18
Net
20 666
-112 216
-4 050
200 499
-104 899
18
2
3
4
5
6
Non-financial corporations . . . . . . . . . . .
Financial corporations . . . . . . . . . . . . . .
General government . . . . . . . . . . . . . . .
Households + NPISH . . . . . . . . . . . . . . .
Rest of the world . . . . . . . . . . . . . . . . . .
1
Total economy . . . . . . . . . . . . . . . . . . . .
2003
Liabilities
14
32 257
0
0
81 432
121 255
202 687
14
Passivos
2003
Saldo
15
Net
35 790
84 379
20 415
-45 601
-94 983
-35 790
15
Activos
Assets
16
78 777
89 726
18 765
40 734
32 186
181 410
16
2004
Liabilities
17
39 297
0
0
92 087
128 803
220 890
17
Passivos
2004
Saldo
18
Net
39 480
89 726
18 765
-51 353
-96 617
-39 480
18
2
3
4
5
6
Financial corporations . . . . . . . . . . . . . .
General government. . . . . . . . . . . . . . . .
Households + NPISH . . . . . . . . . . . . . . .
Rest of the world. . . . . . . . . . . . . . . . . . .
1
Non-financial corporations . . . . . . . . . . .
Total economy . . . . . . . . . . . . . . . . . . . .
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
Financial instrument - Shares and other equity
Consolidated values
44 422
7
2 904
210 254
6 930
220 096
13
Activos
106 euros
NATIONAL FINANCIAL ACCOUNTS - FINANCIAL ASSETS AND LIABILITIES
Financial instrument - Loans
Consolidated values
National Financial Accounts for the Portuguese Economy
SUPPLEMENTS TO THE STATISTICAL BULLETIN
1/1998
Statistical information on non-monetary financial institutions, December 1998
2/1998
Foreign direct investment in Portugal: flows and stocks statistics for 1996 and stocks estimates for 1997, December 1998
1/1999
New presentation of the balance of payments statistics, February/March 1999
2/1999
Statistical information on Mutual Funds, December 1999
1/2000
Portuguese direct investment abroad (available only in Portuguese), December 2000
1/2001
“Statistical balance sheet” and “Accounting balance sheet” of other monetary financial institutions, August 2001
1/2005
A New Source for Monetary and Financial Statistics: the Central Credit Register, April 2005
2/2005
National Financial Accounts for the Portuguese Economy
Methodological Notes and Statistical Results for 2000 – 2004, June 2005
3/2005
National Financial Accounts for the Portuguese Economy
Statistics on Financial Assets and Liabilities for 1999-2004, November 2005
Banco de Portugal, Supplement 3/2005 to the Statistical Bulletin, November 2005
27