Portugal GDP Growth Rate  1988-2018 | Data | Chart | Calendar | Forecast

The Portuguese economy grew by 0.4 percent on quarter in the three months to March 2018, unrevised from the preliminary estimate and following a 0.7 percent expansion in the previous period. Household consumption and fixed investment were the main drivers of growth while net external demand contributed negatively. GDP Growth Rate in Portugal averaged 0.40 percent from 1988 until 2018, reaching an all time high of 3.30 percent in the fourth quarter of 1990 and a record low of -2.60 percent in the first quarter of 1991.

Portugal GDP Growth Rate
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Portugal Q1 GDP Growth Confirmed at 0.4%


The Portuguese economy grew by 0.4 percent on quarter in the three months to March 2018, unrevised from the preliminary estimate and following a 0.7 percent expansion in the previous period. Household consumption and fixed investment were the main drivers of growth while net external demand contributed negatively.

Domestic demand grew 0.8 in the first quarter (vs 0.3 percent in Q4), with household consumption jumping 0.8 percent (vs 0.4 percent in Q4) and fixed investment rising 1.8 percent (vs 0.8 percent in Q4). Investment rebounded for both transport equipment (11.6 percent vs -5.7 percent) and other machinery and equipment (4.3 percent vs -3.1 percent) while construction spending was unchanged (vs 4.1 percent in Q4). In addition, changes in inventories contributed positively to the growth. Meanwhile, government spending expansion was flat at 0.1 percent.

Net external demand contributed negatively, as exports of goods and services were unchanged (vs 4.4 percent in Q4), while imports increased 0.6 percent (vs 3.2 percent in Q4). 

Year-on-year, the economy grew 2.1 percent in the first quarter, unrevised from the preliminary estimate and following a 2.4 percent expansion in the previous period. Domestic demand advanced 2.5 percent (vs 2.4 percent in Q4), driven by households' spending (2.1 percent vs 2 percent), fixed investment (4.7 percent vs 5.9 percent), and public expenditure (0.3 percent vs 0.2 percent). Net external demand contributed negatively, as exports rose 4.6 percent (vs 7.3 percent in Q4) and imports advanced at a faster 5.4 percent (vs 7.1 percent in Q4).


INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/30/2018 10:30:45 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-28 11:00 AM GDP Growth Rate QoQ Final 0.7% 0.6% 0.7% 0.7%
2018-05-15 08:30 AM GDP Growth Rate QoQ Prel 0.4% 0.7% 0.4% 0.5%
2018-05-30 10:00 AM GDP Growth Rate QoQ Final 0.4% 0.7% 0.4% 0.4%
2018-08-14 10:00 AM GDP Growth Rate QoQ Prel 0.4% 0.3%
2018-08-31 10:00 AM GDP Growth Rate QoQ Final 0.4%
2018-11-14 09:30 AM GDP Growth Rate QoQ Prel 0.6%


Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.70 3.30 -2.60 percent [+]
GDP Annual Growth Rate 2.10 2.40 5.00 -4.50 percent [+]
GDP 204.84 199.42 262.01 3.19 USD Billion [+]
GDP Constant Prices 45414.90 45217.70 45757.80 33671.10 EUR Million [+]
Gross Fixed Capital Formation 7927.00 7784.60 11235.50 6329.20 EUR Million [+]
GDP per capita 22347.03 21967.60 22829.85 4506.05 USD [+]
GDP per capita PPP 27006.87 26548.33 27590.37 20166.93 USD [+]
GDP From Agriculture 824.00 821.90 916.10 775.40 EUR Million [+]
GDP From Construction 1637.00 1630.30 3452.00 1472.40 EUR Million [+]
GDP From Manufacturing 5568.30 5637.60 5637.60 4093.80 EUR Million [+]
GDP From Services 8650.40 8558.80 8650.40 5326.50 EUR Million [+]
GDP From Transport 3048.40 3130.40 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1214.00 1200.50 1315.00 777.80 EUR Million [+]
Gross National Product 49006.33 49187.73 49187.73 28399.81 EUR Million [+]


Portugal GDP Growth Rate

On the expenditure side, household consumption is the main component of GDP and accounts for 66 percent of its total use, followed by government expenditure (19 percent) and gross fixed capital formation (15 percent). Exports of goods and services account for 40 percent of GDP and imports account for 40 percent. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.70 3.30 -2.60 1988 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.20 Mar/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.40 Mar/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Mar/18
Netherlands 0.50 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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