State business sector accounts for 4.7 pct of Portuguese GDP in 2005

1 August 2006

Lisbon, Portugal, 01 Aug – The Portuguese state business sector, which includes 113 companies, accounted for 4.7 percent of the country’s gross domestic product (GDP) in 2005, the Portuguese Finance and Public Administration Ministry said Monday.

In a statement the Ministry said that the weight of the state business sector on the economy last year totaled 4.7 percent, while the weighting of employment in the sector totaled 2.4 percent, “with no significant variation in relation to 2004.”

According to the 2006 Report on the State Business Sector, the nominal value of the State’s shareholdings increased by 6.4 percent from 2004 to 2005, with the financial and transport sectors accounting for the greatest weighting, with 20.4 percent and 24 percent, respectively.

At the end of 2005, the State directly held 139 stakes in companies, of which 113 were part of the State business sector.

Transfers from the State Budget to the State business sector and to other companies that provide a public service totaled 875 million euros in 2005, or 26 percent less than in the previous year. (macauhub)