STATISTICAL PRESS RELEASE 30|2016 Balance of Payments January 2016 March17th, 2016 Banco de Portugal publishes today, in tables A.16 exports is manly justified by a decrease in revenues and A.17 of the Statistical Bulletin and in BPstat, the balance of payments statistics for January 2016. from Angola (-58 per cent of year-on-year growth rate) with a contribution of -6.4 percentage points to the total. The balance of the current and capital account amounted to -0.1 billion euros, 0.2 billion euros less than in January 2015 (Chart 1). For that evolution all current account components – except goods – and The balance of the financial account showed a reduction in the Portuguese net foreign assets amounting to 374 million euros. This evolution is the capital account contributed (Chart 2). manly explained by banks, even though the central bank evolved on an opposite direction, and by the general government. The goods and services account balance decreased 0.05 billion euros as compared to the same month of the previous year. Such evolution was determined by the services account, with exports showing a larger decrease than imports (-4.3 and -2.0 per The negative variation on the net foreign assets derived from a reduction on deposits held abroad by resident banks and from the net issuance of debt cent year-on-year growth rates, respectively). In this context the Travel item should be noted, as its bal- securities for the general government. Reversely, the central bank showed an increase of net foreign ance decreased as compared with the same period of the previous year, similarly to December, reflecting the behavior of both exports (-2.1 per cent) and assets (Chart 4), associated to a reduction of Target liabilities (net intra Eurosystem claims). imports (+5.1 per cent) (Chart 3). The decrease in Chart 1 • Current and capital accounts Chart 2 • Current and capital accounts balance, by main components 20 000 200 3 500 10 000 Million euros 2 000 1 500 1 000 100 0 0 -100 -10 000 500 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 -1 000 jan feb mar apr may jun jul aug sep oct nov dec 2014 2015 2016 Capital account Income Goods and services Current and capital accounts jan-16 -200 -20 000 -500 jan-15 Million euros 2 500 Million euros 3 000 BANCO DE PORTUGAL • Balance of Payments Chart 3 • Services and travel accounts (monthly developments) Chart 4 • Net external assets change, by institutional sector 40 000 2 000 10 000 1 500 Million euros 20 000 1 000 500 5 000 10 000 0 0 Million euros 30 000 Million euros -10 000 -5 000 -20 000 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 -40 000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Travel - exports Travel - imports Services - balance Travel - balance Central bank Finantial corp, excl. central bank Net foreign assets changes Additional data available at: Table A.16 of Statistical Bulletin Table A.17 of Statistical Bulletin Statistical domain of balance of payments of BPstat|Estatísticas online Balance of payments statistics – Methodological notes (only in Portuguese) Next update: April 20th, 2016 Banco de Portugal | info@bportugal.pt jan-16 -30 000 0 jan-15 2 General government Non-financial corp. and households -10 000