By sector, last year only the general government sector registered a deterioration in its NIIP, which went from –38.1% to –40.2% of GDP, its worst figure since 2021. In contrast, significant improvements were recorded both in the Other Domestic Sectors category («OSR» in Spanish) and, most notably, in Monetary Financial Institutions excluding the Bank of Spain («OIFM»): in both cases, they went from a debtor balance to a creditor balance, reaching 2.5% and 4.3% of GDP, respectively (versus –1.8% and –2.8% the previous year), and marking the highest figures in the series. In the case of Other Domestic Sectors, this is also the first time this has happened: households and corporations have switched to having a net creditor…
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