The Bank of Portugal has published updated statistics on non-financial sector indebtedness for August 2025, showing total debt increased by EUR 3.2bn over the month to EUR 857.0bn. The release also incorporates data revisions dating back to March 2022 in line with the Bank’s statistical revision policy. Public sector indebtedness rose by EUR 2.4bn, mainly driven by an increase in liabilities to general government (+EUR 2.3bn), reflecting higher deposit liabilities to the Treasury (+EUR 1.7bn). Public sector debt to households increased by EUR 0.2bn, largely through subscriptions of savings certificates. Private sector indebtedness increased by EUR 0.7bn, with households up EUR 1.0bn primarily against banks through housing credit, while private non-financial corporations fell by EUR 0.2bn, mainly due to lower borrowing from the financial sector (-EUR 0.3bn). On an annual basis, private corporate debt grew 2.5% (from 2.3% in July) and household debt rose 7.4%, reaching a new series high since the series began in December 2008. The next update is scheduled for 21 November 2025.
Bank of Portugal 2025-10-23
Bank of Portugal updates non-financial sector debt statistics showing a EUR 3.2bn rise to EUR 857.0bn in August 2025
The Bank of Portugal reported a EUR 3.2bn increase in non-financial sector indebtedness for August 2025, totaling EUR 857.0bn, with data revisions back to March 2022. Public sector debt rose by EUR 2.4bn, driven by increased liabilities to the general government, while private sector debt increased by EUR 0.7bn, with household debt reaching a new series high. Private corporate debt grew 2.5% annually, and household debt rose 7.4%.