1H22 Financial Performance
Madeira
38.3
24.0
Euro Area
15.4
10.9
9.1 8.9
Portugal
Energy & food CPI Inflation (CPI, % YoY)
Azores
Lisbon
1996
1996-2007:
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
Annual real GDP growth (%)
3.5 4.4 4.8 3.9 3.8
1.9
1.8
0.8
0.8 1.6
2.5
1.7
0.3
-0.9
2009
2010
2011
2012
2013
2014
2015
2016
2017
5.5 6.4
0.8 1.8 2.0
3.5
2.8 2.7
-1.7
-0.9
-3.1
-4.1
Avg annual growth: 2.4%
Activity growth based on domestic demand and on non-tradable
sectors. Rise in indebtedness.
Average budget balance: -4.4% of GDP
Net external financial needs of 11% of GDP in 2008
Avg annual growth: -1.3%
Impact from the "Great
Recession" and Economic and
Financial Adjustment Programme
tradable sectors.
Budget surplus in 2019.
Avg external surplus of 1.3% of GDP.
2008-2013:
Avg annual growth: 2.3%
Activity growth based on exports
(goods and tourism) and on
-8.3
Strong recovery in
tourism. Resilient
domestic demand.
Budget deficit below
2% of GDP in 2022.
20
18
16
14
12
10
8
6
4
2
0
2000
2003 2006 2009
2012
2015
2018
2021
5.9%
Now well positioned to compete as an independent domestic Portuguese bank...
Unemployment rate (% labour force)
Gross Value Added by sector, 2021 (nominal prices, %)
Agriculture, forestry and fisheries
2018
2019
2020
2021
3%
Industry
Other services
14%
Energy, Water,
32%
3%
Sanitation
5%
Construction
17%
18%
Financial services,
Insurance, Real
8%
Commerce, Accomodation,
Restaurants, Vehicles repairs
estate
Transport, Warehousing,
Information, Communication
2022
Energy
Food
Total
novobanco
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