{"id":242066,"date":"2021-10-26T18:05:34","date_gmt":"2021-10-26T17:05:34","guid":{"rendered":"https:\/\/elementum.pt\/2021\/10\/26\/divida-publica-da-zona-euro-representa-98-3-do-pib-no-2-trimestre-de-2021\/"},"modified":"2022-08-01T12:33:01","modified_gmt":"2022-08-01T11:33:01","slug":"divida-publica-da-zona-euro-representa-98-3-do-pib-no-2-trimestre-de-2021","status":"publish","type":"post","link":"https:\/\/elementum.pt\/pt-pt\/divida-publica-da-zona-euro-representa-98-3-do-pib-no-2-trimestre-de-2021\/","title":{"rendered":"D\u00edvida P\u00fablica da Zona Euro Representa 98.3% do PIB no 2\u00ba Trimestre de 2021"},"content":{"rendered":"<p style=\"text-align:center;\"><span><span style=\"font-family:Verdana;font-size:18px;\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/elementum.pt\/wp-content\/uploads\/2022\/08\/img_62cd4b80e44d1-1.jpg\" width=\"600\" height=\"250\" alt=\"\" \/><br \/><\/span><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\"><br \/><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\">De acordo com os <a href=\"https:\/\/ec.europa.eu\/eurostat\/documents\/2995521\/11563335\/2-22102021-AP-EN.pdf\/4bc91cb6-b073-d8c8-349d-18aa2bcd2b91\" target=\"_blank\" rel=\"noopener\">dados da Eurostat<\/a><\/span><span style=\"font-family:Verdana;font-size:18px;\">, no final do segundo trimestre de 2021, a d\u00edvida p\u00fablica da zona euro emrela\u00e7\u00e3o ao PIB era de 98.3%, face a 100% no final do primeiro trimestre de2021. Na UE, o r\u00e1cio tamb\u00e9m diminuiu: de 92.4% para 90.9%. Tanto para a zonaeuro como para a UE, a redu\u00e7\u00e3o da d\u00edvida p\u00fablica em rela\u00e7\u00e3o ao PIB no final dosegundo trimestre deveu-se \u00e0 recupera\u00e7\u00e3o do PIB (nota: o que n\u00e3onecessariamente significa uma melhoria da atividade econ\u00f3mica; veja o porqu\u00ea <a href=\"https:\/\/www.mises.org.br\/article\/2783\/os-cinco-graves-problemas-com-o-pib\" target=\"_blank\" rel=\"noopener\">aqui<\/a><\/span><span style=\"font-family:Verdana;font-size:18px;\">&nbsp;e <a href=\"https:\/\/www.mises.org.br\/article\/2095\/como-a-mensuracao-do-pib-distorce-a-realidade-da-economia\" target=\"_blank\" rel=\"noopener\">aqui<\/a><\/span><span style=\"font-family:Verdana;font-size:18px;\">)<\/span><span style=\"font-family:Verdana;font-size:18px;\"> , &nbsp;enquanto a d\u00edvida continuou a aumentar devido\u00e0s necessidades de financiamento das medidas de pol\u00edticas adotadas para mitigara conjuntura econ\u00f3mica e impacto da pandemia. Em compara\u00e7\u00e3o ao segundo trimestrede 2020, a d\u00edvida p\u00fablica em rela\u00e7\u00e3o ao PIB aumentou tanto na zona euro (de 94.4%para 98.3%) como na UE (de 87.2% para 90.9%).<\/span> <\/p>\n<p style=\"text-align:justify;\"><span><span style=\"font-family:Verdana;font-size:18px;\"><br \/><\/span><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\">No final do segundo trimestre de 2021, ost\u00edtulos de d\u00edvida representavam 82.7% da d\u00edvida da zona euro e 82.4% da d\u00edvida totaldos membros da UE. Os empr\u00e9stimos aumentaram 14.1% e 14.5%, respetivamente,enquanto que moedas e dep\u00f3sitos representaram 3.2% da d\u00edvida p\u00fablica da zona euroe 3% da d\u00edvida p\u00fablica da UE. Devido ao envolvimento da UE na assist\u00eanciafinanceira a determinados membros, s\u00e3o tamb\u00e9m publicados dados trimestraissobre empr\u00e9stimos intergovernamentais &#8211; intergovernmental lending (IGL). Apropor\u00e7\u00e3o do IGL em percentagem do PIB no final do segundo trimestre de 2021representava 1.9% na zona euro e 1.6% na UE.<\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\"><br \/><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:18px;\"><strong>Figura 1 \u2013 D\u00edvida Total e Composi\u00e7\u00e3o daD\u00edvida da Zona Euro e da UE<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:18px;\"><img decoding=\"async\" src=\"https:\/\/elementum.pt\/wp-content\/uploads\/2022\/08\/img_62cd4b83167ce-1.png\" width=\"800\" height=\"360\" alt=\"\" \/><br \/><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>Euro Area (Zona Euro); EU (UE \u2013 Uni\u00e3oEuropeia); Government Debt (Total das D\u00edvidas dos Estados Membros); Currencyand Deposits (Moeda e Dep\u00f3sitos); Debt Securities (T\u00edtulos de D\u00edvida); Loans(Empr\u00e9stimos); Intergovernmental Lending in the Context of the Financial Crisis(IGL no Contexto da Crise Financeira); Q1 (1\u00ba Trimestre); Q2 (2\u00ba Trimestre); p(Dados Provis\u00f3rios).<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>Fonte: Eurostat.<\/strong><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\"><br \/><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\">Os maiores valores da d\u00edvida p\u00fablica emrela\u00e7\u00e3o ao PIB no final do segundo trimestre de 2021 foram registados na Gr\u00e9cia(207.2%), It\u00e1lia (156.3%), Portugal (135.4%), Espanha (122.8%), Fran\u00e7a (114.6%),B\u00e9lgica (113.7%) e Chipre (112%); os menores, na Est\u00f3nia (19.6%), Bulg\u00e1ria (24.7%)e Luxemburgo (26.2%).<\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\"><br \/><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:18px;\"><strong>Figura 2 \u2013 D\u00edvida P\u00fablica em Rela\u00e7\u00e3o ao PIBem % (2\u00ba Trimestre de 2021)<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:18px;\"><img decoding=\"async\" src=\"https:\/\/elementum.pt\/wp-content\/uploads\/2022\/08\/img_62cd4b84688f9-1.png\" width=\"800\" height=\"300\" alt=\"\" \/><br \/><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>Barra em Azul Escuro (UE); Barra em AzulClaro (Zona Euro); Barras Rosas (Estados Membros).<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>Fonte: Eurostat.<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong><br \/><\/strong><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\">Em compara\u00e7\u00e3o ao primeiro trimestre de2021, dois membros da UE registaram um aumento da d\u00edvida em rela\u00e7\u00e3o ao PIB nofinal do segundo trimestre de 2021 e 23 registaram uma diminui\u00e7\u00e3o. O r\u00e1cio d\u00edvida\/PIBpermaneceu est\u00e1vel na Bulg\u00e1ria e na Est\u00f3nia. Os aumentos do r\u00e1cio foramobservados em Malta (+2%) e Eslov\u00e1quia (+1.3%). As maiores diminui\u00e7\u00f5es foramregistadas no Chipre (-9.4%), Eslov\u00e9nia (-5%), Cro\u00e1cia (-4%), Portugal (-3.7%),Hungria e Fran\u00e7a (ambos -3.4%), It\u00e1lia (-3.3%) e B\u00e9lgica (-3.2%).<\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\"><br \/><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:18px;\"><strong>Figura 3 \u2013 Altera\u00e7\u00f5es do r\u00e1cio D\u00edvida\/PIBem % no 2\u00ba Trimestre de 2021 em Compara\u00e7\u00e3o ao 1\u00ba Trimestre de 2021<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:18px;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/elementum.pt\/wp-content\/uploads\/2022\/08\/img_62cd4b8599b00-1.png\" width=\"800\" height=\"300\" alt=\"\" \/><br \/><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>Barra em Azul Escuro (UE); Barra em AzulClaro (Zona Euro); Barras Rosas (Estados Membros).<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>Fonte: Eurostat.<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong><br \/><\/strong><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\">Em compara\u00e7\u00e3o ao segundo trimestre de 2020,24 membros da UE registaram um aumento do r\u00e1cio d\u00edvida\/PIB no final do segundotrimestre de 2021; tr\u00eas, uma diminui\u00e7\u00e3o. Os maiores aumentos do r\u00e1cio foramregistados na Gr\u00e9cia (+15.9%), Espanha (+12.5%), Malta (+10.8%) e Portugal (+9.1%).As diminui\u00e7\u00f5es foram observadas na Irlanda (-3.1%), Dinamarca (-1.5%) e Holanda(-0.8%).<\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\"><br \/><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:18px;\"><strong>Figura 4 \u2013 Altera\u00e7\u00f5es do r\u00e1cio D\u00edvida\/PIBem % no 2\u00ba Trimestre de 2021 em Compara\u00e7\u00e3o ao 2\u00ba Trimestre de 2020<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:18px;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/elementum.pt\/wp-content\/uploads\/2022\/08\/img_62cd4b882c9b6-1.png\" width=\"800\" height=\"300\" alt=\"\" \/><br \/><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>Barra em Azul Escuro (UE); Barra em AzulClaro (Zona Euro); Barras Rosas (Estados Membros).<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>Fonte: Eurostat.<\/strong><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\"><br \/><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\">A figura 5 mostra, nas tr\u00eas primeirascolunas, a d\u00edvida bruta do governo (da esquerda para a direita: a d\u00edvida emmilh\u00f5es na moeda nacional, a d\u00edvida em % do PIB, a diferen\u00e7a em % do PIB do 2\u00batrimestre de 2021 provis\u00f3rio comparado ao 2\u00ba trimestre de 2020 e ao 1\u00batrimestre de 2021 provis\u00f3rio). A coluna seguinte mostra a composi\u00e7\u00e3o da d\u00edvidados governos em % do PIB (da esquerda para a direita: moeda e dep\u00f3sitos,t\u00edtulos de d\u00edvida, empr\u00e9stimos no 2\u00ba trimestre de 2021 \u2013 provis\u00f3rio). Por suavez, a \u00faltima coluna mostra o IGL em % do PIB no 2\u00ba trimestre de 2021 \u2013provis\u00f3rio.<\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\"><br \/><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:18px;\"><strong>Figura 5 \u2013 D\u00edvida Bruta dos Governos da UE,Composi\u00e7\u00e3o da D\u00edvida e IGL<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:18px;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/elementum.pt\/wp-content\/uploads\/2022\/08\/img_62cd4b895557d-1.png\" width=\"900\" height=\"900\" alt=\"\" \/><br \/><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>p (dados provis\u00f3rios); &#8211; (n\u00e3oaplic\u00e1vel\/zero).<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>Nota: Noruega, a \u00faltima da lista, n\u00e3o fazparte da UE.<\/strong><\/span> <\/p>\n<p style=\"text-align:center;\"><span style=\"font-family:Verdana;font-size:12px;\"><strong>Fonte: Eurostat.<\/strong><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\">&nbsp;<\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\"><br \/><\/span> <\/p>\n<p style=\"text-align:justify;\"><span style=\"font-family:Verdana;font-size:18px;\">Andr\u00e9 Marques<\/span> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>De acordo com os dados da Eurostat, no final do segundo trimestre de 2021, a<\/p>\n","protected":false},"author":4,"featured_media":242067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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