The Bank of Portugal published updated statistics on indebtedness of the non-financial sector for March 2025, showing total debt of general government, companies and households rose by EUR 4.6 billion over the month to EUR 825.1 billion. Of this total, EUR 459.8 billion related to the private sector and EUR 365.3 billion to the public sector. Private sector indebtedness increased by EUR 2.4 billion, with private corporates up EUR 1.3 billion due to higher debt within the corporate sector (+EUR 0.6 billion), to non-residents (+EUR 0.5 billion) and to financial corporations (+EUR 0.2 billion). Household debt rose by EUR 1.1 billion, mainly driven by housing credit, consistent with previous months. Public sector indebtedness increased by EUR 2.1 billion, largely reflecting higher debt to non-residents (+EUR 2.2 billion) from non-resident purchases of Portuguese public debt securities and higher liabilities to public administrations (+EUR 0.9 billion) linked to increased Treasury deposit obligations, partly offset by a fall in debt to the financial sector (-EUR 1.7 billion) mainly from debt security redemptions. On an annual basis, private corporate indebtedness was up 1.3% versus March 2024 (after 0.5% in the prior month), while household indebtedness rose 5.1%, continuing an upward trend since December 2023. The next update is scheduled for 23 June 2025.
Bank of Portugal 2025-05-23
Bank of Portugal updates March 2025 non-financial sector debt data as total rises EUR 4.6bn to EUR 825.1bn
The Bank of Portugal reported non-financial sector indebtedness rose by EUR 4.6 billion in March 2025, reaching EUR 825.1 billion. Private sector debt increased by EUR 2.4 billion, driven by corporate and housing credit, while public sector debt rose by EUR 2.1 billion, mainly due to non-resident purchases of public debt securities. Annual growth rates showed a 1.3% increase in private corporate debt and a 5.1% rise in household debt compared to March 2024.