|
|
|
Current account
|
|
|
|
|
|
|
1 |
Gross value added
|
2019
|
1,846,849
|
1,780,366
|
1,780,366
|
|
|
2 |
Less: Consumption of fixed capital
|
2019
|
293,454
|
280,287
|
280,287
|
|
|
3 |
Equals: Net value added
|
2019
|
1,553,395
|
1,500,079
|
1,500,079
|
|
|
4 |
Compensation of employees (paid)
|
2019
|
1,559,106
|
1,505,275
|
1,505,275
|
|
|
5 |
Wages and salaries
|
2019
|
1,085,356
|
1,045,290
|
1,045,290
|
|
|
6 |
Employers’ social contributions
|
2019
|
473,750
|
459,985
|
459,985
|
|
|
7 |
Operating surplus, net
|
2019
|
-5,711
|
-5,196
|
-5,196
|
|
|
8 |
Net national income/Balance of primary incomes, net
|
2019
|
1,110,454
|
1,089,595
|
1,089,595
|
|
|
9 |
Operating surplus, net
|
2019
|
-5,711
|
-5,196
|
-5,196
|
|
|
10 |
Taxes on production and imports, receivable
|
2019
|
1,317,749
|
1,282,031
|
1,282,031
|
|
|
11 |
Subsidies (paid)
|
2019
|
-599
|
-577
|
-577
|
|
|
12 |
Property income (received)
|
.
|
.
|
.
|
.
|
|
|
13 |
Interest
|
2019
|
78,376
|
77,138
|
77,138
|
|
|
14 |
Distributed income of corporations (dividends)
|
2019
|
6,567
|
6,009
|
6,009
|
|
|
15 |
Rents on land and natural resources
|
2019
|
11,820
|
11,453
|
11,453
|
|
|
16 |
Less: Uses of property income (interest paid)
|
.
|
.
|
.
|
.
|
|
|
17 |
Net national income/Balance of primary incomes, net
|
2019
|
1,110,454
|
1,089,595
|
1,089,595
|
|
|
18 |
Plus: Current taxes on income, wealth, etc. (received)
|
2019
|
559,372
|
528,234
|
528,234
|
|
|
19 |
Plus: Social benefits (received)
|
2019
|
21,748
|
20,985
|
20,985
|
|
|
20 |
Less: Social contributions (paid)
|
2019
|
754,564
|
727,207
|
727,207
|
|
|
21 |
Plus: Other current transfers (received)
|
2019
|
753,011
|
722,512
|
722,512
|
|
|
22 |
Less: Other current transfers (paid)
|
2019
|
0
|
0
|
0
|
|
|
23 |
Equals: Disposable income, net
|
2019
|
1,690,022
|
1,634,119
|
1,634,119
|
|
|
24 |
Less: Final consumption expenditures
|
2019
|
1,897,764
|
1,847,788
|
1,847,788
|
|
|
25 |
Equals: Net saving
|
.
|
.
|
.
|
.
|
|
|
|
Capital account
|
|
|
|
|
|
|
26 |
Net saving less capital transfers
|
.
|
.
|
.
|
.
|
|
|
27 |
Net saving
|
.
|
.
|
.
|
.
|
|
|
28 |
Less: Capital transfers paid (net)
|
2019
|
-73,758
|
-72,178
|
-72,178
|
|
|
29 |
Capital formation, net
|
2019
|
154,342
|
143,855
|
143,855
|
|
|
30 |
Gross fixed capital formation (acquisition of produced nonfinancial assets)
|
2019
|
430,960
|
407,924
|
407,924
|
|
|
31 |
Less: Consumption of fixed capital
|
2019
|
293,454
|
280,287
|
280,287
|
|
|
32 |
Acquisition of nonproduced nonfinancial assets
|
2019
|
16,836
|
16,219
|
16,219
|
|
|
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
|
51,937
|
-30,348
|
-30,348
|
|
|
36 |
Currency and deposits
|
2019
|
25,933
|
274
|
274
|
|
|
37 |
Currency and transferable deposits
|
2019
|
6,159
|
-7,636
|
-7,636
|
|
|
38 |
Time and savings deposits
|
.
|
.
|
.
|
.
|
|
|
39 |
Debt securities
|
2019
|
-20,296
|
-51,735
|
-51,735
|
|
|
40 |
Open market paper
|
2019
|
1,533
|
-2,631
|
-2,631
|
|
|
41 |
Treasury securities
|
2019
|
-758
|
-38,979
|
-38,979
|
|
|
42 |
Agency- and GSE-backed securities
|
2019
|
-6,636
|
-15,344
|
-15,344
|
|
|
43 |
Municipal securities
|
2019
|
-365
|
-172
|
-172
|
|
|
44 |
Corporate and foreign bonds
|
2019
|
-14,070
|
5,391
|
5,391
|
|
|
45 |
Loans
|
2019
|
8,458
|
-13,995
|
-13,995
|
|
|
46 |
Short term
|
2019
|
3,232
|
-5,546
|
-5,546
|
|
|
47 |
Long term (mortgages)
|
2019
|
5,226
|
-8,449
|
-8,449
|
|
|
48 |
Equity and investment fund shares
|
2019
|
4,559
|
-4,290
|
-4,290
|
|
|
49 |
Money market fund shares
|
2019
|
6,759
|
-2,090
|
-2,090
|
|
|
50 |
Corporate equities
|
2019
|
-3,400
|
-3,400
|
-3,400
|
|
|
51 |
Mutual fund shares
|
2019
|
1,200
|
1,200
|
1,200
|
|
|
52 |
Other accounts receivable
|
2019
|
33,283
|
39,398
|
39,398
|
|
|
53 |
Trade receivables
|
2019
|
10,141
|
27,639
|
27,639
|
|
|
54 |
Taxes receivable
|
2019
|
5,469
|
6,413
|
6,413
|
|
|
55 |
Other (miscellaneous assets)
|
2019
|
17,673
|
5,346
|
5,346
|
|
|
56 |
Net incurrence of liabilities
|
2019
|
359,979
|
223,243
|
223,243
|
|
|
57 |
Debt securities (municipals)
|
2019
|
8,889
|
-50,804
|
-50,804
|
|
|
58 |
Short term
|
2019
|
6,787
|
2,870
|
2,870
|
|
|
59 |
Other
|
2019
|
2,102
|
-53,674
|
-53,674
|
|
|
60 |
Loans (short term)
|
2019
|
1,047
|
1,103
|
1,103
|
|
|
61 |
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
|
2019
|
300,630
|
224,867
|
224,867
|
|
|
62 |
Other accounts payable (trade payables)
|
2019
|
49,413
|
48,077
|
48,077
|
|
|
|
Addendum:
|
|
|
|
|
|
|
63 |
Net lending (+) or borrowing (-), financial account (lines 35-56)
|
2019
|
-308,042
|
-253,591
|
-253,591
|
|
|
|
Other changes in volume account
|
|
|
|
|
|
|
64 |
Total other volume changes
|
2019
|
-49,280
|
-1,414
|
-1,414
|
|
|
65 |
Disaster losses
|
2019
|
0
|
-159
|
-159
|
|
|
66 |
Other volume changes
|
2019
|
-29,564
|
-33,010
|
-33,010
|
|
|
67 |
Less: Statistical discrepancy (lines 33-63)
|
2019
|
19,716
|
-31,755
|
-31,755
|
|
|
|
Revaluation account
|
|
|
|
|
|
|
68 |
Nonfinancial assets
|
2019
|
334,492
|
504,547
|
504,547
|
|
|
69 |
Structures
|
2019
|
331,515
|
496,242
|
496,242
|
|
|
70 |
Equipment
|
2019
|
561
|
5,587
|
5,587
|
|
|
71 |
Intellectual property products
|
2019
|
2,416
|
2,719
|
2,719
|
|
|
72 |
Financial assets (equity and investment fund shares)
|
2019
|
53,271
|
-16,361
|
-16,361
|
|
|
73 |
Liabilities (claim of pension funds on sponsor)
|
2019
|
-619,326
|
217,427
|
217,427
|
|
|
74 |
Changes in net worth due to nominal holding gains/losses
|
2019
|
1,007,089
|
270,759
|
270,759
|
|
|
|
Changes in balance sheet account
|
|
|
|
|
|
|
75 |
Change in net worth (lines 29+33+64+74)
|
2019
|
823,825
|
127,854
|
127,854
|
|
|
|
Balance sheet account (end of period)
|
|
|
|
|
|
|
76 |
Total assets
|
2019
|
15,335,205
|
14,697,362
|
14,697,362
|
|
|
77 |
Nonfinancial assets
|
2019
|
12,078,023
|
11,606,104
|
11,606,104
|
|
|
78 |
Structures
|
2019
|
11,661,530
|
11,201,896
|
11,201,896
|
|
|
79 |
Equipment
|
2019
|
270,555
|
264,884
|
264,884
|
|
|
80 |
Intellectual property products
|
2019
|
145,938
|
139,324
|
139,324
|
|
|
81 |
Financial assets
|
2019
|
3,257,182
|
3,091,258
|
3,091,258
|
|
|
82 |
Currency and deposits
|
2019
|
562,229
|
536,296
|
536,296
|
|
|
83 |
Currency and transferable deposits
|
2019
|
139,075
|
132,916
|
132,916
|
|
|
84 |
Time and savings deposits
|
.
|
.
|
.
|
.
|
|
|
85 |
Debt securities
|
2019
|
1,503,941
|
1,463,594
|
1,463,594
|
|
|
86 |
Open market paper
|
2019
|
73,133
|
71,600
|
71,600
|
|
|
87 |
Treasury securities
|
2019
|
740,280
|
716,044
|
716,044
|
|
|
88 |
Agency- and GSE-backed securities
|
2019
|
479,711
|
469,551
|
469,551
|
|
|
89 |
Municipal securities
|
2019
|
15,719
|
15,390
|
15,390
|
|
|
90 |
Corporate and foreign bonds
|
2019
|
195,098
|
191,009
|
191,009
|
|
|
91 |
Loans
|
2019
|
396,011
|
387,710
|
387,710
|
|
|
92 |
Short term
|
2019
|
154,189
|
150,957
|
150,957
|
|
|
93 |
Long term (mortgages)
|
2019
|
241,822
|
236,753
|
236,753
|
|
|
94 |
Equity and investment fund shares
|
2019
|
291,214
|
233,384
|
233,384
|
|
|
95 |
Money market fund shares
|
2019
|
26,537
|
19,778
|
19,778
|
|
|
96 |
Corporate equities
|
2019
|
173,161
|
137,692
|
137,692
|
|
|
97 |
Mutual fund shares
|
2019
|
91,516
|
75,914
|
75,914
|
|
|
98 |
Other accounts receivable
|
2019
|
503,787
|
470,274
|
470,274
|
|
|
99 |
Trade receivables
|
2019
|
245,185
|
235,044
|
235,044
|
|
|
100 |
Taxes receivable
|
2019
|
165,373
|
159,674
|
159,674
|
|
|
101 |
Other (miscellaneous assets)
|
2019
|
93,229
|
75,556
|
75,556
|
|
|
102 |
Total liabilities and net worth
|
2019
|
15,335,205
|
14,697,362
|
14,697,362
|
|
|
103 |
Liabilities
|
2019
|
8,389,256
|
8,575,238
|
8,575,238
|
|
|
104 |
Debt securities (municipals)
|
2019
|
3,070,761
|
3,061,872
|
3,061,872
|
|
|
105 |
Short term
|
2019
|
44,693
|
37,906
|
37,906
|
|
|
106 |
Other
|
2019
|
3,026,068
|
3,023,966
|
3,023,966
|
|
|
107 |
Loans (short term)
|
2019
|
21,098
|
20,051
|
20,051
|
|
|
108 |
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
|
2019
|
4,246,294
|
4,491,625
|
4,491,625
|
|
|
109 |
Other accounts payable (trade payables)
|
2019
|
1,051,103
|
1,001,690
|
1,001,690
|
|
|
110 |
Net worth
|
2019
|
6,945,949
|
6,122,124
|
6,122,124
|
