|
|
Current account
|
|
|
|
|
|
1 |
Gross value added
|
Q3 2020
|
1,824,014
|
1,799,876
|
1,857,432
|
|
2 |
Less: Consumption of fixed capital
|
Q3 2020
|
304,909
|
300,570
|
295,618
|
|
3 |
Equals: Net value added
|
Q3 2020
|
1,519,105
|
1,499,306
|
1,561,814
|
|
4 |
Compensation of employees (paid)
|
Q3 2020
|
1,538,889
|
1,520,253
|
1,567,685
|
|
5 |
Operating surplus, net
|
Q3 2020
|
-19,784
|
-20,947
|
-5,871
|
|
6 |
Net national income/Balance of primary incomes, net
|
Q3 2020
|
1,113,200
|
1,054,023
|
1,116,644
|
|
7 |
Operating surplus, net
|
Q3 2020
|
-19,784
|
-20,947
|
-5,871
|
|
8 |
Taxes on production and imports, receivable
|
Q3 2020
|
1,317,296
|
1,264,322
|
1,326,504
|
|
9 |
Subsidies (paid)
|
Q3 2020
|
-619
|
-615
|
-602
|
|
10 |
Property income received, net
|
Q3 2020
|
-183,693
|
-188,737
|
-203,387
|
|
11 |
Net national income/Balance of primary incomes, net
|
Q3 2020
|
1,113,200
|
1,054,023
|
1,116,644
|
|
12 |
Plus: Current taxes on income, wealth, etc. (received)
|
Q3 2020
|
578,509
|
550,612
|
553,753
|
|
13 |
Plus: Social benefits (received)
|
Q3 2020
|
20,246
|
19,106
|
21,787
|
|
14 |
Less: Social contributions (paid)
|
Q3 2020
|
835,999
|
812,158
|
763,370
|
|
15 |
Plus: Other current transfers (received)
|
Q3 2020
|
875,873
|
1,543,688
|
755,954
|
|
16 |
Less: Other current transfers (paid)
|
Q3 2020
|
0
|
0
|
0
|
|
17 |
Equals: Disposable income, net
|
Q3 2020
|
1,751,829
|
2,355,271
|
1,684,768
|
|
18 |
Less: Final consumption expenditures
|
Q3 2020
|
1,881,679
|
1,884,959
|
1,904,617
|
|
19 |
Equals: Net saving
|
.
|
.
|
.
|
.
|
|
|
Capital account
|
|
|
|
|
|
20 |
Net saving less capital transfers
|
.
|
.
|
.
|
.
|
|
21 |
Net saving
|
.
|
.
|
.
|
.
|
|
22 |
Less: Capital transfers paid (net)
|
Q3 2020
|
-79,554
|
-82,211
|
-74,412
|
|
23 |
Capital formation, net
|
Q3 2020
|
167,606
|
173,242
|
154,420
|
|
24 |
Gross fixed capital formation (acquisition of produced nonfinancial assets)
|
Q3 2020
|
447,997
|
449,586
|
433,157
|
|
25 |
Less: Consumption of fixed capital
|
Q3 2020
|
304,909
|
300,570
|
295,618
|
|
26 |
Acquisition of nonproduced nonfinancial assets
|
Q3 2020
|
24,518
|
24,226
|
16,881
|
|
27 |
Net lending (+) or borrowing (-), capital account (lines 20-23)
|
.
|
.
|
.
|
.
|
|
|
Financial account
|
|
|
|
|
|
28 |
Net lending (+) or borrowing (-) (line 27)
|
.
|
.
|
.
|
.
|
|
29 |
Net acquisition of financial assets
|
Q3 2020
|
380,810
|
835,726
|
-184,019
|
|
30 |
Currency and deposits
|
Q3 2020
|
69,278
|
130,802
|
23,836
|
|
31 |
Currency and transferable deposits
|
Q3 2020
|
56,814
|
112,568
|
10,318
|
|
32 |
Time and savings deposits
|
.
|
.
|
.
|
.
|
|
33 |
Debt securities
|
Q3 2020
|
308,380
|
549,290
|
-103,361
|
|
34 |
Open market paper
|
Q3 2020
|
9,564
|
28,876
|
-6,672
|
|
35 |
Treasury securities
|
Q3 2020
|
179,068
|
629,254
|
-36,757
|
|
36 |
Agency- and GSE-backed securities
|
Q3 2020
|
96,400
|
-150,828
|
-34,144
|
|
37 |
Municipal securities
|
Q3 2020
|
1,528
|
4,904
|
-2,076
|
|
38 |
Corporate and foreign bonds
|
Q3 2020
|
21,820
|
37,084
|
-23,712
|
|
39 |
Loans
|
Q3 2020
|
51,776
|
104,432
|
-35,960
|
|
40 |
Short term
|
Q3 2020
|
20,156
|
60,884
|
-14,068
|
|
41 |
Long term (mortgages)
|
Q3 2020
|
31,620
|
43,548
|
-21,892
|
|
42 |
Equity and investment fund shares
|
Q3 2020
|
-8,852
|
6,500
|
7,076
|
|
43 |
Money market fund shares
|
Q3 2020
|
-6,652
|
8,700
|
9,276
|
|
44 |
Corporate equities
|
Q3 2020
|
-3,400
|
-3,400
|
-3,400
|
|
45 |
Mutual fund shares
|
Q3 2020
|
1,200
|
1,200
|
1,200
|
|
46 |
Other accounts receivable
|
Q3 2020
|
-39,772
|
44,702
|
-75,610
|
|
47 |
Trade receivables
|
Q3 2020
|
63,584
|
-39,716
|
15,788
|
|
48 |
Taxes receivable
|
Q3 2020
|
-67,404
|
68,010
|
8,150
|
|
49 |
Other (miscellaneous assets)
|
Q3 2020
|
-35,952
|
16,408
|
-99,548
|
|
50 |
Net incurrence of liabilities
|
Q3 2020
|
463,710
|
584,932
|
148,273
|
|
51 |
Debt securities (municipals)
|
Q3 2020
|
173,376
|
106,861
|
26,158
|
|
52 |
Short term
|
Q3 2020
|
4,743
|
8,660
|
1,145
|
|
53 |
Other
|
Q3 2020
|
168,633
|
98,201
|
25,013
|
|
54 |
Loans (short term)
|
Q3 2020
|
150
|
652
|
1,040
|
|
55 |
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
|
Q3 2020
|
241,072
|
429,491
|
71,615
|
|
56 |
Other accounts payable (trade payables)
|
Q3 2020
|
49,112
|
47,928
|
49,460
|
|
|
Addendum:
|
|
|
|
|
|
57 |
Net lending (+) or borrowing (-), financial account (lines 29-50)
|
Q3 2020
|
-82,900
|
250,793
|
-332,292
|
|
|
Other changes in volume account
|
|
|
|
|
|
58 |
Total other volume changes
|
Q3 2020
|
56,203
|
-36,845
|
2,958
|
|
59 |
Disaster losses
|
Q3 2020
|
0
|
0
|
0
|
|
60 |
Other volume changes
|
Q3 2020
|
16,170
|
-9,136
|
7,043
|
|
61 |
Less: Statistical discrepancy ((lines 27-57)/4)
|
Q3 2020
|
-40,033
|
27,709
|
4,086
|
|
|
Revaluation account
|
|
|
|
|
|
62 |
Nonfinancial assets
|
Q3 2020
|
118,774
|
-62,985
|
56,305
|
|
63 |
Structures
|
Q3 2020
|
117,254
|
-66,910
|
55,224
|
|
64 |
Equipment
|
Q3 2020
|
814
|
2,017
|
485
|
|
65 |
Intellectual property products
|
Q3 2020
|
706
|
1,908
|
596
|
|
66 |
Financial assets (equity and investment fund shares)
|
Q3 2020
|
19,273
|
40,856
|
1,142
|
|
67 |
Liabilities (claim of pension funds on sponsor)
|
Q3 2020
|
-208,199
|
-374,817
|
-81,216
|
|
68 |
Changes in net worth due to nominal holding gains/losses
|
Q3 2020
|
346,246
|
352,688
|
138,663
|
|
|
Changes in balance sheet account
|
|
|
|
|
|
69 |
Change in net worth ((lines 23+27)/4 + lines 58+68)
|
Q3 2020
|
404,374
|
446,069
|
122,707
|
|
|
Balance sheet account (end of period)
|
|
|
|
|
|
70 |
Total assets
|
Q3 2020
|
16,123,797
|
15,810,626
|
15,327,899
|
|
71 |
Nonfinancial assets
|
Q3 2020
|
12,324,950
|
12,153,466
|
12,013,579
|
|
72 |
Structures
|
Q3 2020
|
11,898,035
|
11,730,497
|
11,598,596
|
|
73 |
Equipment
|
Q3 2020
|
275,796
|
273,396
|
270,071
|
|
74 |
Intellectual property products
|
Q3 2020
|
151,119
|
149,573
|
144,912
|
|
75 |
Financial assets
|
Q3 2020
|
3,798,847
|
3,657,160
|
3,314,320
|
|
76 |
Currency and deposits
|
Q3 2020
|
612,341
|
596,962
|
538,760
|
|
77 |
Currency and transferable deposits
|
Q3 2020
|
178,241
|
167,251
|
128,608
|
|
78 |
Time and savings deposits
|
.
|
.
|
.
|
.
|
|
79 |
Debt securities
|
Q3 2020
|
1,952,395
|
1,890,135
|
1,644,807
|
|
80 |
Open market paper
|
Q3 2020
|
85,197
|
82,806
|
75,785
|
|
81 |
Treasury securities
|
Q3 2020
|
1,086,438
|
1,049,300
|
810,775
|
|
82 |
Agency- and GSE-backed securities
|
Q3 2020
|
504,667
|
488,826
|
522,286
|
|
83 |
Municipal securities
|
Q3 2020
|
18,312
|
17,798
|
16,289
|
|
84 |
Corporate and foreign bonds
|
Q3 2020
|
257,781
|
251,405
|
219,672
|
|
85 |
Loans
|
Q3 2020
|
448,335
|
435,392
|
410,369
|
|
86 |
Short term
|
Q3 2020
|
179,623
|
174,584
|
159,779
|
|
87 |
Long term (mortgages)
|
Q3 2020
|
268,712
|
260,808
|
250,590
|
|
88 |
Equity and investment fund shares
|
Q3 2020
|
303,741
|
286,681
|
271,448
|
|
89 |
Money market fund shares
|
Q3 2020
|
32,187
|
33,850
|
24,458
|
|
90 |
Corporate equities
|
Q3 2020
|
176,925
|
163,634
|
160,350
|
|
91 |
Mutual fund shares
|
Q3 2020
|
94,629
|
89,197
|
86,640
|
|
92 |
Other accounts receivable
|
Q3 2020
|
482,035
|
447,990
|
448,936
|
|
93 |
Trade receivables
|
Q3 2020
|
245,398
|
229,502
|
243,467
|
|
94 |
Taxes receivable
|
Q3 2020
|
216,144
|
189,007
|
163,752
|
|
95 |
Other (miscellaneous assets)
|
Q3 2020
|
20,493
|
29,481
|
41,717
|
|
96 |
Total liabilities and net worth
|
Q3 2020
|
16,123,797
|
15,810,626
|
15,327,899
|
|
97 |
Liabilities
|
Q3 2020
|
8,511,542
|
8,602,744
|
8,289,141
|
|
|
Debt securities (municipals)
|
Q3 2020
|
3,133,763
|
3,098,603
|
3,037,879
|
|
|
Short term
|
Q3 2020
|
44,678
|
41,006
|
39,964
|
|
|
Other
|
Q3 2020
|
3,089,085
|
3,057,597
|
2,997,915
|
|
101 |
Loans (short term)
|
Q3 2020
|
21,408
|
21,370
|
20,823
|
|
102 |
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
|
Q3 2020
|
4,268,423
|
4,407,101
|
4,191,824
|
|
103 |
Other accounts payable (trade payables)
|
Q3 2020
|
1,087,948
|
1,075,670
|
1,038,615
|
|
104 |
Net worth
|
Q3 2020
|
7,612,256
|
7,207,882
|
7,038,758
|