|
|
|
Current account
|
|
|
|
|
|
|
1 |
Gross value added
|
Q3 2019
|
1,849,480
|
1,828,037
|
1,785,786
|
|
|
2 |
Less: Consumption of fixed capital
|
Q3 2019
|
294,757
|
292,043
|
281,481
|
|
|
3 |
Equals: Net value added
|
Q3 2019
|
1,554,723
|
1,535,994
|
1,504,305
|
|
|
4 |
Compensation of employees (paid)
|
Q3 2019
|
1,559,284
|
1,540,566
|
1,508,346
|
|
|
5 |
Operating surplus, net
|
Q3 2019
|
-4,561
|
-4,572
|
-4,041
|
|
|
6 |
Net national income/Balance of primary incomes, net
|
Q3 2019
|
1,153,570
|
1,135,894
|
1,093,452
|
|
|
7 |
Operating surplus, net
|
Q3 2019
|
-4,561
|
-4,572
|
-4,041
|
|
|
8 |
Taxes on production and imports, receivable
|
Q3 2019
|
1,334,581
|
1,317,563
|
1,282,641
|
|
|
9 |
Subsidies (paid)
|
Q3 2019
|
-596
|
-592
|
-580
|
|
|
10 |
Property income received, net
|
Q3 2019
|
-175,854
|
-176,505
|
-184,568
|
|
|
11 |
Net national income/Balance of primary incomes, net
|
Q3 2019
|
1,153,570
|
1,135,894
|
1,093,452
|
|
|
12 |
Plus: Current taxes on income, wealth, etc. (received)
|
Q3 2019
|
551,006
|
575,454
|
518,292
|
|
|
13 |
Plus: Social benefits (received)
|
Q3 2019
|
22,752
|
22,565
|
22,398
|
|
|
14 |
Less: Social contributions (paid)
|
Q3 2019
|
789,710
|
774,036
|
742,686
|
|
|
15 |
Plus: Other current transfers (received)
|
Q3 2019
|
752,001
|
753,012
|
718,992
|
|
|
16 |
Less: Other current transfers (paid)
|
Q3 2019
|
0
|
0
|
0
|
|
|
17 |
Equals: Disposable income, net
|
Q3 2019
|
1,689,619
|
1,712,889
|
1,610,448
|
|
|
18 |
Less: Final consumption expenditures
|
Q3 2019
|
1,913,058
|
1,897,913
|
1,860,587
|
|
|
19 |
Equals: Net saving
|
.
|
.
|
.
|
.
|
|
|
|
Capital account
|
|
|
|
|
|
|
20 |
Net saving less capital transfers
|
.
|
.
|
.
|
.
|
|
|
21 |
Net saving
|
.
|
.
|
.
|
.
|
|
|
22 |
Less: Capital transfers paid (net)
|
Q3 2019
|
-76,155
|
-74,372
|
-77,633
|
|
|
23 |
Capital formation, net
|
Q3 2019
|
146,885
|
152,540
|
136,430
|
|
|
24 |
Gross fixed capital formation (acquisition of produced nonfinancial assets)
|
Q3 2019
|
426,465
|
429,201
|
403,340
|
|
|
25 |
Less: Consumption of fixed capital
|
Q3 2019
|
294,757
|
292,043
|
281,481
|
|
|
26 |
Acquisition of nonproduced nonfinancial assets
|
Q3 2019
|
15,177
|
15,382
|
14,571
|
|
|
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 2019
|
43,385
|
-21,617
|
56,317
|
|
|
30 |
Currency and deposits
|
Q3 2019
|
27,857
|
43,257
|
3,752
|
|
|
31 |
Currency and transferable deposits
|
Q3 2019
|
14,260
|
12,853
|
-15,062
|
|
|
32 |
Time and savings deposits
|
Q3 2019
|
13,597
|
30,403
|
18,814
|
|
|
33 |
Debt securities
|
Q3 2019
|
-2,564
|
-75,975
|
3,630
|
|
|
34 |
Open market paper
|
Q3 2019
|
-1,828
|
-1,520
|
1,100
|
|
|
35 |
Treasury securities
|
Q3 2019
|
16,668
|
-59,983
|
-7,922
|
|
|
36 |
Agency- and GSE-backed securities
|
Q3 2019
|
-12,132
|
-10,084
|
7,284
|
|
|
37 |
Municipal securities
|
Q3 2019
|
-392
|
-328
|
236
|
|
|
38 |
Corporate and foreign bonds
|
Q3 2019
|
-4,880
|
-4,060
|
2,932
|
|
|
39 |
Loans
|
Q3 2019
|
-9,764
|
-8,088
|
6,248
|
|
|
40 |
Short term
|
Q3 2019
|
-3,860
|
-3,208
|
2,316
|
|
|
41 |
Long term (mortgages)
|
Q3 2019
|
-5,904
|
-4,880
|
3,932
|
|
|
42 |
Equity and investment fund shares
|
Q3 2019
|
2,220
|
20
|
336
|
|
|
43 |
Money market fund shares
|
Q3 2019
|
6,160
|
3,296
|
-2,032
|
|
|
44 |
Corporate equities
|
Q3 2019
|
-2,600
|
-2,164
|
1,564
|
|
|
45 |
Mutual fund shares
|
Q3 2019
|
-1,340
|
-1,112
|
804
|
|
|
46 |
Other accounts receivable
|
Q3 2019
|
25,636
|
19,169
|
42,350
|
|
|
47 |
Trade receivables
|
Q3 2019
|
15,916
|
15,968
|
31,512
|
|
|
48 |
Taxes receivable
|
Q3 2019
|
13,232
|
6,121
|
8,730
|
|
|
49 |
Other (miscellaneous assets)
|
Q3 2019
|
-3,512
|
-2,920
|
2,108
|
|
|
50 |
Net incurrence of liabilities
|
Q3 2019
|
305,309
|
188,431
|
361,946
|
|
|
51 |
Debt securities (municipals)
|
Q3 2019
|
12,921
|
-78,125
|
-46,743
|
|
|
52 |
Short term
|
Q3 2019
|
-7,456
|
10,674
|
1,686
|
|
|
53 |
Other
|
Q3 2019
|
20,377
|
-88,799
|
-48,429
|
|
|
54 |
Loans (short term)
|
Q3 2019
|
873
|
1,012
|
1,164
|
|
|
55 |
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
|
Q3 2019
|
241,179
|
215,156
|
358,949
|
|
|
56 |
Other accounts payable (trade payables)
|
Q3 2019
|
50,336
|
50,388
|
48,576
|
|
|
|
Addendum:
|
|
|
|
|
|
|
57 |
Net lending (+) or borrowing (-), financial account (lines 29-50)
|
Q3 2019
|
-261,924
|
-210,048
|
-305,629
|
|
|
|
Other changes in volume account
|
|
|
|
|
|
|
58 |
Total other volume changes
|
Q3 2019
|
-10,491
|
-7,447
|
-18,699
|
|
|
59 |
Disaster losses
|
Q3 2019
|
0
|
0
|
-159
|
|
|
60 |
Other volume changes
|
Q3 2019
|
-20,083
|
-19,141
|
-18,901
|
|
|
61 |
Less: Statistical discrepancy ((lines 27-57)/4)
|
Q3 2019
|
-9,591
|
-11,694
|
-361
|
|
|
|
Revaluation account
|
|
|
|
|
|
|
62 |
Nonfinancial assets
|
Q3 2019
|
60,107
|
177,892
|
68,476
|
|
|
63 |
Structures
|
Q3 2019
|
59,587
|
179,256
|
65,889
|
|
|
64 |
Equipment
|
Q3 2019
|
-360
|
-1,509
|
2,029
|
|
|
65 |
Intellectual property products
|
Q3 2019
|
881
|
145
|
558
|
|
|
66 |
Financial assets (equity and investment fund shares)
|
Q3 2019
|
2,073
|
13,221
|
21,798
|
|
|
67 |
Liabilities (claim of pension funds on sponsor)
|
Q3 2019
|
-20,839
|
-127,041
|
-122,164
|
|
|
68 |
Changes in net worth due to nominal holding gains/losses
|
Q3 2019
|
83,019
|
318,154
|
212,438
|
|
|
|
Changes in balance sheet account
|
|
|
|
|
|
|
69 |
Change in net worth ((lines 23+27)/4 + lines 58+68)
|
Q3 2019
|
52,337
|
274,687
|
168,586
|
|
|
|
Balance sheet account (end of period)
|
|
|
|
|
|
|
70 |
Total assets
|
Q3 2019
|
15,181,477
|
15,065,470
|
14,697,715
|
|
|
71 |
Nonfinancial assets
|
Q3 2019
|
11,957,540
|
11,847,868
|
11,410,160
|
|
|
72 |
Structures
|
Q3 2019
|
11,545,507
|
11,438,908
|
11,009,942
|
|
|
73 |
Equipment
|
Q3 2019
|
266,438
|
265,685
|
261,811
|
|
|
74 |
Intellectual property products
|
Q3 2019
|
145,595
|
143,275
|
138,407
|
|
|
75 |
Financial assets
|
Q3 2019
|
3,223,937
|
3,217,602
|
3,287,555
|
|
|
76 |
Currency and deposits
|
Q3 2019
|
509,237
|
504,670
|
485,155
|
|
|
77 |
Currency and transferable deposits
|
Q3 2019
|
101,299
|
101,062
|
97,588
|
|
|
78 |
Time and savings deposits
|
Q3 2019
|
407,938
|
403,608
|
387,567
|
|
|
79 |
Debt securities
|
Q3 2019
|
1,389,982
|
1,392,631
|
1,470,424
|
|
|
80 |
Open market paper
|
Q3 2019
|
68,341
|
68,798
|
71,668
|
|
|
81 |
Treasury securities
|
Q3 2019
|
676,690
|
674,531
|
722,161
|
|
|
82 |
Agency- and GSE-backed securities
|
Q3 2019
|
447,948
|
450,981
|
470,001
|
|
|
83 |
Municipal securities
|
Q3 2019
|
14,689
|
14,787
|
15,404
|
|
|
84 |
Corporate and foreign bonds
|
Q3 2019
|
182,314
|
183,534
|
191,190
|
|
|
85 |
Loans
|
Q3 2019
|
370,060
|
372,537
|
388,077
|
|
|
86 |
Short term
|
Q3 2019
|
144,085
|
145,050
|
151,100
|
|
|
87 |
Long term (mortgages)
|
Q3 2019
|
225,975
|
227,487
|
236,977
|
|
|
88 |
Equity and investment fund shares
|
Q3 2019
|
423,203
|
420,575
|
424,619
|
|
|
89 |
Money market fund shares
|
Q3 2019
|
22,409
|
20,869
|
19,484
|
|
|
90 |
Corporate equities
|
Q3 2019
|
301,789
|
300,473
|
304,699
|
|
|
91 |
Mutual fund shares
|
Q3 2019
|
99,005
|
99,233
|
100,436
|
|
|
92 |
Other accounts receivable
|
Q3 2019
|
531,455
|
527,189
|
519,280
|
|
|
93 |
Trade receivables
|
Q3 2019
|
236,238
|
232,259
|
225,985
|
|
|
94 |
Taxes receivable
|
Q3 2019
|
166,519
|
165,354
|
158,210
|
|
|
95 |
Other (miscellaneous assets)
|
Q3 2019
|
128,698
|
129,576
|
135,085
|
|
|
96 |
Total liabilities and net worth
|
Q3 2019
|
15,181,477
|
15,065,470
|
14,697,715
|
|
|
97 |
Liabilities
|
Q3 2019
|
8,353,297
|
8,289,627
|
8,184,080
|
|
|
|
Debt securities (municipals)
|
Q3 2019
|
3,025,779
|
3,029,512
|
3,063,593
|
|
|
|
Short term
|
Q3 2019
|
39,901
|
36,449
|
37,314
|
|
|
|
Other
|
Q3 2019
|
2,985,878
|
2,993,063
|
3,026,279
|
|
|
101 |
Loans (short term)
|
Q3 2019
|
20,070
|
19,852
|
18,968
|
|
|
102 |
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
|
Q3 2019
|
4,268,160
|
4,213,559
|
4,111,839
|
|
|
103 |
Other accounts payable (trade payables)
|
Q3 2019
|
1,039,288
|
1,026,704
|
989,680
|
|
|
104 |
Net worth
|
Q3 2019
|
6,828,180
|
6,775,843
|
6,513,635
|
