Indebtedness of the Portuguese non-financial sector reached 768,100 million in 2021 By EFE

©Reuters. Indebtedness of the Portuguese non-financial sector reached 768,100 million in 2021

Lisbon, Feb 22 (.).- The indebtedness of the non-financial sector, which includes public administrations, companies and individuals, increased in Portugal by almost 17,000 million euros to reach 768,100 million in 2021.

According to data published this Tuesday by the Bank of Portugal, the indebtedness of the public sector -administrations and public companies- stood at 344,100 million, 2,700 more than in the previous year.

The increase was motivated “mainly” by the growth in the indebtedness of the financial sector and public administrations “in 14,900 million -11,500 and 3,400, respectively-.

It was compensated “partially” by the reduction of indebtedness from abroad and from individuals by 12,600 million -10,800 and 1,800, respectively-.

In the private sector it reached 424,000 million after an increase of 14,200 million.

The indebtedness of private companies grew 9,400 million due to foreign financing and commitments with the financial sector, while it rose 4,800 million among individuals.

The indebtedness of the non-financial sector went from 375.4% of GDP in 2020 to 363.3% of GDP in 2021.

By sectors, public sector indebtedness went from 170.6% to 162.8% of GDP and that of the private sector from 204.8% to 200.5% of GDP.

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