Portugal GDP Growth Accelerates in Q4

The Portuguese economy expanded 0.5 percent on quarter in the last three months of 2014, accelerating from a 0.3 percent rise in the previous period. It is the highest growth rate in a year.

Preliminary estimates showed net external demand was the main contributor to growth.

Year-on-year, the GDP increased 0.7 percent, down from a 1.1 percent rise in the third quarter, due to slowing private consumption. In contrast, the negative contribution from net external demand decreased.  

Considering full 2014, the economy grew for the first time since 2010, expanding by 0.9 percent, following a 1.4 percent contraction in 2013 and a 3.3 percent drop in 2012. 

Portugal GDP Growth Accelerates in Q4

Joana Taborda | joana.taborda@tradingeconomics.com
2/13/2015 9:58:40 AM