The Bank of Portugal published updated statistics on non-financial sector indebtedness for October 2025, showing a EUR 8.7bn month-on-month fall to EUR 857.7bn. Total debt comprised EUR 479.4bn for the private sector (private companies and households) and EUR 378.3bn for the public sector (general government and public companies). Public sector debt declined by EUR 10.1bn, mainly due to the maturity of a Treasury bond, reflected in lower debt to the financial sector (down EUR 7.6bn) and to non-residents (down EUR 3.7bn), partly offset by a EUR 1.3bn increase in debt within general government driven by higher deposit and loan liabilities (both up EUR 0.5bn). Private sector debt rose by EUR 1.4bn, led by households (up EUR 1.2bn), largely from mortgage lending via banks (up EUR 1.0bn), while private companies increased by EUR 0.2bn as higher borrowing from non-residents (up EUR 0.7bn) outweighed lower debt to the financial sector (down EUR 0.5bn). Year on year, private companies’ debt increased 2.5% and households’ debt rose 8.1%, a new series high since December 2008. The next update is scheduled for 22 January 2026.
Bank of Portugal 2025-12-22
Bank of Portugal updates October 2025 non-financial sector debt statistics showing EUR 8.7bn monthly decline
The Bank of Portugal reported a EUR 8.7bn decrease in non-financial sector indebtedness for October 2025, totaling EUR 857.7bn. Public sector debt fell by EUR 10.1bn, primarily due to a matured Treasury bond, while private sector debt rose by EUR 1.4bn, driven by household mortgage lending. Year-on-year, private companies' debt increased by 2.5% and households' debt by 8.1%, marking the highest rise since December 2008.