|
|
Current account
|
|
|
|
|
|
1 |
Gross value added
|
2019
|
819,962
|
796,191
|
796,191
|
|
2 |
Less: Consumption of fixed capital
|
2019
|
294,817
|
285,765
|
285,765
|
|
3 |
Equals: Net value added
|
2019
|
525,145
|
510,426
|
510,426
|
|
4 |
Compensation of employees (paid)
|
2019
|
527,047
|
511,067
|
511,067
|
|
5 |
Wages and salaries
|
2019
|
365,440
|
357,217
|
357,217
|
|
6 |
Employers’ social contributions
|
2019
|
161,607
|
153,850
|
153,850
|
|
7 |
Operating surplus, net
|
2019
|
-1,902
|
-641
|
-641
|
|
8 |
Net national income/Balance of primary incomes, net
|
2019
|
-371,808
|
-318,522
|
-318,522
|
|
9 |
Operating surplus, net
|
2019
|
-1,902
|
-641
|
-641
|
|
10 |
Taxes on production and imports, receivable
|
2019
|
173,679
|
162,750
|
162,750
|
|
11 |
Subsidies (paid)
|
2019
|
-73,288
|
-62,742
|
-62,742
|
|
12 |
Property income (received)
|
.
|
.
|
.
|
.
|
|
13 |
Interest
|
2019
|
39,022
|
35,817
|
35,817
|
|
14 |
Distributed income of corporations (dividends)
|
2019
|
63,838
|
79,024
|
79,024
|
|
15 |
Rents on land and natural resources
|
2019
|
8,456
|
7,812
|
7,812
|
|
16 |
Less: Uses of property income (interest paid)
|
.
|
.
|
.
|
.
|
|
17 |
Net national income/Balance of primary incomes, net
|
2019
|
-371,808
|
-318,522
|
-318,522
|
|
18 |
Plus: Current taxes on income, wealth, etc. (received)
|
2019
|
1,957,992
|
1,854,324
|
1,854,324
|
|
19 |
Plus: Social benefits (received)
|
2019
|
1,402,228
|
1,344,612
|
1,344,612
|
|
20 |
Less: Social contributions (paid)
|
2019
|
2,347,473
|
2,218,509
|
2,218,509
|
|
21 |
Plus: Other current transfers (received)
|
2019
|
67,849
|
83,925
|
83,925
|
|
22 |
Less: Other current transfers (paid)
|
2019
|
658,479
|
634,019
|
634,019
|
|
23 |
Equals: Disposable income, net
|
2019
|
50,309
|
111,812
|
111,812
|
|
24 |
Less: Final consumption expenditures
|
2019
|
1,097,292
|
1,043,502
|
1,043,502
|
|
25 |
Equals: Net saving
|
2019
|
-1,046,984
|
-931,690
|
-931,690
|
|
|
Capital account
|
|
|
|
|
|
26 |
Net saving less capital transfers
|
2019
|
-1,113,066
|
-991,195
|
-991,195
|
|
27 |
Net saving
|
2019
|
-1,046,984
|
-931,690
|
-931,690
|
|
28 |
Less: Capital transfers paid (net)
|
2019
|
66,082
|
59,506
|
59,506
|
|
29 |
Capital formation, net
|
2019
|
24,312
|
9,383
|
9,383
|
|
30 |
Gross fixed capital formation (acquisition of produced nonfinancial assets)
|
2019
|
321,859
|
295,948
|
295,948
|
|
31 |
Less: Consumption of fixed capital
|
2019
|
294,817
|
285,765
|
285,765
|
|
32 |
Acquisition of nonproduced nonfinancial assets
|
2019
|
-2,730
|
-800
|
-800
|
|
33 |
Net lending (+) or borrowing (-), capital account (lines 26-29)
|
.
|
.
|
.
|
.
|
|
|
Financial account
|
|
|
|
|
|
34 |
Net lending (+) or borrowing (-) (line 33)
|
.
|
.
|
.
|
.
|
|
35 |
Net acquisition of financial assets
|
2019
|
84,187
|
322,991
|
322,991
|
|
36 |
Monetary gold and SDRs
|
2019
|
237
|
156
|
156
|
|
37 |
Monetary gold
|
2019
|
0
|
0
|
0
|
|
38 |
SDR holdings
|
2019
|
237
|
156
|
156
|
|
39 |
Currency and deposits
|
2019
|
5,650
|
178,498
|
178,498
|
|
40 |
Official foreign currencies
|
2019
|
76
|
5
|
5
|
|
41 |
Reserve position in IMF (net)
|
2019
|
4,270
|
4,820
|
4,820
|
|
42 |
Currency and transferable deposits
|
2019
|
1,040
|
173,546
|
173,546
|
|
43 |
Time and savings deposits
|
2019
|
264
|
127
|
127
|
|
44 |
Nonofficial foreign currencies
|
2019
|
1
|
0
|
0
|
|
45 |
Debt securities
|
2019
|
0
|
0
|
0
|
|
46 |
Agency- and GSE-backed securities
|
2019
|
0
|
0
|
0
|
|
47 |
Corporate and foreign bonds
|
2019
|
0
|
0
|
0
|
|
48 |
Loans
|
2019
|
93,550
|
99,082
|
99,082
|
|
49 |
Short term
|
2019
|
92,940
|
95,727
|
95,727
|
|
50 |
Consumer credit
|
2019
|
82,973
|
90,693
|
90,693
|
|
51 |
Other loans and advances
|
2019
|
9,967
|
5,034
|
5,034
|
|
52 |
Long term (mortgages)
|
2019
|
610
|
3,355
|
3,355
|
|
53 |
Equity and investment fund shares
|
2019
|
1,367
|
1,328
|
1,328
|
|
54 |
Corporate equities
|
2019
|
0
|
3,970
|
3,970
|
|
55 |
Equity in international organizations
|
2019
|
1,367
|
1,328
|
1,328
|
|
56 |
Equity in government-sponsored enterprises
|
2019
|
0
|
0
|
0
|
|
57 |
Equity investment under Public-Private Inv. Program
|
2019
|
0
|
0
|
0
|
|
58 |
Other accounts receivable
|
2019
|
-16,617
|
39,957
|
39,957
|
|
59 |
Trade receivables
|
2019
|
-1,359
|
10,403
|
10,403
|
|
60 |
Taxes receivable
|
2019
|
-20,890
|
15,890
|
15,890
|
|
61 |
Other (miscellaneous assets)
|
2019
|
5,632
|
13,664
|
13,664
|
|
62 |
Net incurrence of liabilities
|
2019
|
1,192,466
|
1,296,172
|
1,296,172
|
|
63 |
SDR allocations
|
2019
|
0
|
0
|
0
|
|
64 |
Currency and deposits
|
2019
|
0
|
0
|
0
|
|
65 |
Debt securities
|
2019
|
1,174,872
|
1,409,765
|
1,409,765
|
|
66 |
Treasury securities
|
2019
|
1,176,601
|
1,411,220
|
1,411,220
|
|
67 |
Federal agency securities
|
2019
|
-1,729
|
-1,455
|
-1,455
|
|
68 |
Loans
|
2019
|
15,841
|
-151,678
|
-151,678
|
|
69 |
Insurance, pension and standardized guarantee schemes
|
2019
|
-19,727
|
-37,818
|
-37,818
|
|
70 |
Insurance reserves
|
2019
|
897
|
194
|
194
|
|
71 |
Retiree Health Care Funds
|
2019
|
14,374
|
13,908
|
13,908
|
|
72 |
Claims of pension fund on sponsor
|
2019
|
-34,998
|
-51,920
|
-51,920
|
|
73 |
Other accounts payable
|
2019
|
21,480
|
75,903
|
75,903
|
|
74 |
SDR certificates
|
2019
|
0
|
0
|
0
|
|
75 |
Trade payables
|
2019
|
17,577
|
74,340
|
74,340
|
|
76 |
Other (miscellaneous liabilities)
|
2019
|
3,903
|
1,563
|
1,563
|
|
|
Addendum:
|
|
|
|
|
|
77 |
Net lending (+) or borrowing (-), financial account (lines 35-62)
|
2019
|
-1,108,279
|
-973,181
|
-973,181
|
|
|
Other changes in volume account
|
|
|
|
|
|
78 |
Total other volume changes
|
2019
|
194,376
|
53,653
|
53,653
|
|
79 |
Disaster losses
|
2019
|
0
|
0
|
0
|
|
80 |
Other volume changes
|
2019
|
165,278
|
26,256
|
26,256
|
|
81 |
Less: Statistical discrepancy (lines 33-77)
|
2019
|
-29,098
|
-27,397
|
-27,397
|
|
|
Revaluation account
|
|
|
|
|
|
82 |
Nonfinancial assets
|
2019
|
55,027
|
105,552
|
105,552
|
|
83 |
Structures
|
2019
|
31,944
|
65,805
|
65,805
|
|
84 |
Equipment
|
2019
|
2,238
|
15,259
|
15,259
|
|
85 |
Intellectual property products
|
2019
|
20,845
|
24,488
|
24,488
|
|
86 |
Financial assets
|
2019
|
-425
|
-5,658
|
-5,658
|
|
87 |
Monetary gold and SDRs
|
2019
|
-291
|
-1,217
|
-1,217
|
|
88 |
Currency and deposits
|
2019
|
-134
|
-441
|
-441
|
|
89 |
Corporate equities
|
2019
|
0
|
-4,000
|
-4,000
|
|
90 |
Equity investment under Public-Private Inv. Program
|
2019
|
0
|
0
|
0
|
|
91 |
Liabilities (SDR allocations)
|
2019
|
-282
|
-1,177
|
-1,177
|
|
92 |
Changes in net worth due to nominal holding gains/losses
|
2019
|
54,884
|
101,071
|
101,071
|
|
|
Changes in balance sheet account
|
|
|
|
|
|
93 |
Change in net worth (lines 29+33+78+92)
|
2019
|
-863,806
|
-836,471
|
-836,471
|
|
|
Balance sheet account (end of period)
|
|
|
|
|
|
94 |
Total assets
|
2019
|
6,485,217
|
6,162,034
|
6,162,034
|
|
95 |
Nonfinancial assets
|
2019
|
3,604,233
|
3,522,067
|
3,522,067
|
|
96 |
Structures
|
2019
|
1,662,476
|
1,638,101
|
1,638,101
|
|
97 |
Equipment
|
2019
|
811,643
|
790,157
|
790,157
|
|
98 |
Intellectual property products
|
2019
|
1,130,114
|
1,093,809
|
1,093,809
|
|
99 |
Financial assets
|
2019
|
2,880,984
|
2,639,967
|
2,639,967
|
|
100 |
Monetary gold and SDRs
|
2019
|
50,753
|
50,807
|
50,807
|
|
101 |
Monetary gold
|
2019
|
4
|
4
|
4
|
|
102 |
SDR holdings
|
2019
|
50,749
|
50,803
|
50,803
|
|
103 |
Currency and deposits
|
2019
|
459,180
|
453,664
|
453,664
|
|
104 |
Official foreign currencies
|
2019
|
20,611
|
20,803
|
20,803
|
|
105 |
Reserve position in IMF (net)
|
2019
|
26,419
|
22,283
|
22,283
|
|
106 |
Currency and transferable deposits
|
2019
|
407,211
|
405,904
|
405,904
|
|
107 |
Time and savings deposits
|
2019
|
2,312
|
2,048
|
2,048
|
|
108 |
Nonofficial foreign currencies
|
2019
|
2,627
|
2,626
|
2,626
|
|
109 |
Debt securities
|
2019
|
493
|
493
|
493
|
|
110 |
Agency- and GSE-backed securities
|
2019
|
1
|
1
|
1
|
|
111 |
Corporate and foreign bonds
|
2019
|
492
|
492
|
492
|
|
112 |
Loans
|
2019
|
1,674,009
|
1,580,459
|
1,580,459
|
|
113 |
Short term
|
2019
|
1,550,202
|
1,457,262
|
1,457,262
|
|
114 |
Consumer credit
|
2019
|
1,319,245
|
1,236,272
|
1,236,272
|
|
115 |
Other loans and advances
|
2019
|
230,957
|
220,990
|
220,990
|
|
116 |
Long term (mortgages)
|
2019
|
123,807
|
123,197
|
123,197
|
|
117 |
Equity and investment fund shares
|
2019
|
67,459
|
66,092
|
66,092
|
|
118 |
Corporate equities
|
2019
|
33,178
|
33,178
|
33,178
|
|
119 |
Equity in international organizations
|
2019
|
67,459
|
66,092
|
66,092
|
|
120 |
Equity in government-sponsored enterprises
|
2019
|
0
|
0
|
0
|
|
121 |
Equity investment under Public-Private Inv. Program
|
2019
|
0
|
0
|
0
|
|
122 |
Other accounts receivable
|
2019
|
595,912
|
455,274
|
455,274
|
|
123 |
Trade receivables
|
2019
|
74,061
|
75,420
|
75,420
|
|
124 |
Taxes receivable
|
2019
|
376,189
|
239,824
|
239,824
|
|
125 |
Other (miscellaneous assets)
|
2019
|
145,662
|
140,030
|
140,030
|
|
126 |
Total liabilities and net worth
|
2019
|
6,485,217
|
6,162,034
|
6,162,034
|
|
127 |
Liabilities
|
2019
|
21,488,442
|
20,301,453
|
20,301,453
|
|
128 |
SDR allocations
|
2019
|
48,835
|
49,117
|
49,117
|
|
129 |
Currency and deposits
|
2019
|
25,322
|
25,322
|
25,322
|
|
130 |
Debt securities
|
2019
|
19,039,898
|
17,865,026
|
17,865,026
|
|
131 |
Treasury securities
|
2019
|
19,018,687
|
17,842,086
|
17,842,086
|
|
132 |
Federal agency securities
|
2019
|
21,211
|
22,940
|
22,940
|
|
133 |
Loans
|
2019
|
15,841
|
0
|
0
|
|
134 |
Insurance, pension and standardized guarantee schemes
|
2019
|
1,953,403
|
1,974,386
|
1,974,386
|
|
135 |
Insurance reserves
|
2019
|
52,181
|
51,284
|
51,284
|
|
136 |
Retiree Health Care Funds
|
2019
|
315,397
|
301,023
|
301,023
|
|
137 |
Claims of pension fund on sponsor
|
2019
|
1,585,825
|
1,622,079
|
1,622,079
|
|
138 |
Other accounts payable
|
2019
|
405,143
|
387,602
|
387,602
|
|
139 |
SDR certificates
|
2019
|
5,200
|
5,200
|
5,200
|
|
140 |
Trade payables
|
2019
|
400,142
|
382,565
|
382,565
|
|
141 |
Other (miscellaneous liabilities)
|
2019
|
-199
|
-163
|
-163
|
|
142 |
Net worth
|
2019
|
-15,003,225
|
-14,139,419
|
-14,139,419
|