The net lending of the economy stood at 1.0% of the Gross Domestic Product (GDP) in the year ending in the second quarter of 2017, the same rate as in the previous quarter.
By institutional sector, there was an improvement in the General Government (GG) sector, from the net borrowing of 1.6% of GDP in the year ending in the first quarter of 2017 to 1.4%, and in the Financial Corporations, with its respective net lending increasing by 0.4 percentage points (p.p.) to 2.3% of GDP. The balance of Non-Financial Corporations decreased to -1.3% of GDP, as a result of the increases in compensation of employees paid and in investment. Households’ net lending stabilized at 1.4% of GDP, with current savings maintaining the same level, as a result of increases of similar magnitude in disposable income and final consumption expenditure.
Taking into account the quarterly figures and not the year ending in the quarter, the GG balance stood at around -1017.2 million Euros in the second quarter of 2017, corresponding to -2.1% of GDP (-2.8% in same period of the previous year). In the first semester of 2017, the total balance of the GG stood at -1794.4 million Euros, corresponding to -1.9% of GDP (-3.1% of GDP in the same period last year).