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%.