Portugal's net foreign debt rose to €183,1 billion in June

By On August 21, 2018

Portugal's net foreign debt rose to €183,1 billion in June

Edition 1488

18 August 2018
Edition: 1488

Read this week's issue online exactly as it appears in print.

Home » News » Portugal's net foreign debt rose to €183,1 billion in June Portugal's net foreign debt rose to €183,1 billion in June by TPN/Lusa, in News · 22-08-2018 07:15:00 · 0 Comments

Portugal 's net foreign debt was at €183.1 billion in June, representing 93.4% of the gross domestic product (GDP), 0.9 percentage points more than last year's final months, the Bank of Portugal (BdP) announced on Tuesday.

Portugal's net foreign debt rose to €183,1 billion in June

These figures are a result of Portugal’s capital investment position, excluding capital tools, gold bullion and financial derivatives. In the first half of the year, the figure was -€209.6 billion, 1.1 percentage points worse than the end of 2017.

“The variation was due to the combined negative impact of the price variations (-€0.6 billion), transactions (-€1.3 billion) and exchange variations (-€1.2 billion)”, Bdp explains.

Concerning the price variations, the negative impact reflected the valuation of shares of companies in Portugal held by non-residents.

When it comes to exchange variations, there was a reduction in the value of external assets held by residents from the depreciation of the Angolan kwanza, Brazilian real and Venezuelan bolivar.

On the other hand, there was a rise in Portugal’s liabilities against overseas because of the appreciation of the US dollar and the yen.

Net transactions had a negative contribution on Portugal’s net asset against overseas by €1.334M.

Edition 1488
18 August 2018
Edition: 1488

Read this week's issue online exactly as it appears in print.

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