Foreign economy financed 2.3% of GDP in the year ending in June

A portuguese economy financed abroad in 2.3% of Gross Domestic Product (GDP) in the 12 months ended in June, with individuals presenting a financing capacity of 4.1%, today released Banco de Portugal (BdP).

“In the year ending in the second quarter of 2026, the Portuguese economy financed abroad at 2.3% of GDP,” says the BdP in a statement released today on the interconnections between sectors in the national financial accounts and representing a reduction of 0.2 percentage points (pp) compared to last year.

Individuals, the financial sector and public administrations had a financing capacity of 4.1%, 0.8% and 0.7 of GDP, respectively, while non-financial companies had a financing need of 3.3% of GDP.

Individuals had the highest funding capacity and financed all other sectors in net terms: the financial in 1.4% of GDP and non-financial companies, general government and the rest of the world in 0.9% of GDP each.

According to the BdP, in operations with the financial sector, cash and deposits applications were highlighted (3.3% of GDP), insurance schemes, pensions and standardized guarantees (1.7% of GDP) and shares and other equity (0.9% of GDP).

On the other hand, loans granted by the financial sector to individuals increased to 4.6% of GDP, mainly for housing.

The BdP also highlights the applications of private individuals in cash and deposits with general government (0.9% of GDP), in particular due to increased savings and Treasury certificates, and shares and other shares issued by non-financial corporations (0.9% of GDP) and by non-resident entities (0.6% of GDP).

The rest of the world was the main financier of non-financial companies, with net financing of 3.5% of the PUB, with private individuals funding it at 0.9% of GDP.

According to these data, the financial sector financed non-resident entities (5.8% of GDP) in net terms.