Change in the base year of National Accounts brings revisions to GDP growth
The national accounts base year was changed to 2021, resulting in upward revisions of real growth in 2022 and 2023, bringing accumulated GDP growth since Q4 2019 to 6,8%, 4 tenths more than in the previous series. In 2024, there were slight adjustments, but they had no impact in our forecasts. We continue comfortable with our current scenario: annual GDP growth in 2024 of 1,7% and 2,3% in 2025. New base bring also changes in the public debt ratio and in the families' saving rate; the former was revised to 97.9% of GDP in 2023 and the latter to 8%.
BANCO BPI, S.A., com sede na Avenida da Boavista, 1117, 4100-129 Porto; Capital Social: € 1 293 063 324,98; matriculada na CRC Porto sob o número de matrícula PTIRNMJ 501 214 534, como o número de identificação fiscal 501 214 534. Intermediário financeiro registado na CMVM com o n° 300 e no Banco de Portugal sob o código n° 10. Agente de Seguros n.º 419527591, registado junto da Autoridade de Supervisão de Seguros e Fundos de Pensões em 21/01/2019, e autorizado a exercer atividade nos Ramos de Seguro Vida e Não Vida.