GDP Deflator in Portugal decreased to 1.10 percent in the third quarter of 2018 from 1.20 percent in the second quarter of 2018. GDP Deflator in Portugal averaged 2.30 percent from 1996 until 2018, reaching an all time high of 4.50 percent in the third quarter of 2002 and a record low of -1.10 percent in the first quarter of 2012.
GDP Deflator in Portugal is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Deflator in Portugal to stand at 1.90 in 12 months time. In the long-term, the Portugal GDP Deflator YoY is projected to trend around 2.20 percent in 2020, according to our econometric models.