Portugal GDP Growth Confirmed at 0.5%

The Portuguese economy expanded 0.5 percent quarter-on-quarter in the last three months of 2014, matching preliminary estimates. It is the third consecutive expansion, bringing full year growth to 0.9 percent.

Final figures confirmed the economy accelerated from a 0.3 percent expansion in the third quarter. 

Year-on-year, the GDP rose 0.7 percent, down from a 1.1 percent increase in the previous three months, due to a slowdown in private consumption (1.4 percent in Q4 from 2.1 percent in Q3). 

Considering full 2014, the economy grew for the first time in four years. The GDP rose 0.9 percent, following a 1.4 percent drop in 2013. Domestic demand rebounded 2 percent (-2.3 percent in 2013) while exports rose at a slower 3.4 percent (6.4 percent in 2013).

Portugal GDP Growth Confirmed at 0.5%

Joana Taborda | joana.taborda@tradingeconomics.com
2/27/2015 11:30:05 AM