The Bank of Portugal published updated statistics on indebtedness of the non-financial sector for January 2025, showing total debt of general government, corporates and households increased by EUR 4.4bn to EUR 818.4bn, with the rise largely driven by the public sector. Of the total, EUR 455.0bn related to the private sector and EUR 363.4bn to the public sector. Public sector indebtedness increased by EUR 4.0bn, mainly vis-à-vis non-residents (+EUR 3.1bn), attributed primarily to non-resident investment in long-term government debt securities; it also rose against corporates (+EUR 0.5bn), public administrations (+EUR 0.3bn) and households (+EUR 0.2bn). Private sector debt increased by EUR 0.4bn, reflecting a EUR 0.3bn rise in household debt mainly through bank mortgage lending, and a EUR 0.1bn increase in private non-financial corporate debt from the financial sector; year on year, private corporate debt grew 1.6% and household debt rose 4.2%. The next statistical update is scheduled for 23 April 2025.
Bank of Portugal 2025-03-24
Bank of Portugal data show non-financial sector debt rose by EUR 4.4bn to EUR 818.4bn in January 2025
The Bank of Portugal reported that non-financial sector debt rose by EUR 4.4bn to EUR 818.4bn in January 2025, driven mainly by a EUR 4.0bn increase in public sector debt. The rise in public debt was largely due to non-resident investment in long-term government securities, while private sector debt saw a modest increase of EUR 0.4bn, primarily from household mortgage lending.