Portugal GDP Growth Rate  1988-2017 | Data | Chart | Calendar | Forecast

The Portuguese economy advanced 0.5 percent on quarter in the three months to September of 2017 after expanding 0.3 percent in the previous period and missing market expectations of 0.6 percent, the preliminary estimates showed. GDP Growth Rate in Portugal averaged 0.40 percent from 1988 until 2017, 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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Portuguese GDP Grows 0.5% in Q3


The Portuguese economy advanced 0.5 percent on quarter in the three months to September of 2017 after expanding 0.3 percent in the previous period and missing market expectations of 0.6 percent, the preliminary estimates showed.

The figure marked a third year of consecutive growth, as the contribution from net external demand shifted to positive from negative, with exports rising faster than imports. Meanwhile, the contribution from domestic demand decreased slightly, mainly due to lower investment while private consumption recovered.

Year-on-year, the GDP expanded 2.5 percent, below 3 percent in the previous period and missing market expectations of 2.8 percent. The positive contribution of domestic demand increased, due to rising private consumption while investment slowed. The contribution from net external demand was negative amid a sharper deceleration in exports and a rise in imports.

The government revised up its 2017 GDP growth estimates to 2.6 percent from 1.8 percent. For 2018, the economy is expected to advance at a slower 2.2 percent. This compares with the European Commission projections of 2.6 percent and 2.1 percent, respectively.

INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/14/2017 11:55:22 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-14 10:00 AM GDP Growth Rate QoQ Prel 0.2% 1% 0.5% 0.9%
2017-08-31 10:00 AM GDP Growth Rate QoQ Final 0.3% 1% 0.2% 0.2%
2017-11-14 09:30 AM GDP Growth Rate QoQ Prel 0.5% 0.3% 0.6% 1.1%
2017-11-30 11:00 AM GDP Growth Rate QoQ Final 0.5% 0.5% 0.5%


Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.30 3.30 -2.60 percent [+]
GDP Annual Growth Rate 2.50 3.00 5.00 -4.50 percent [+]
GDP 204.56 199.08 262.01 3.19 USD Billion [+]
GDP Constant Prices 44823.10 44443.20 45757.90 33671.10 EUR Million [+]
Gross Fixed Capital Formation 7467.50 7387.80 11235.50 6328.90 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 805.40 805.70 916.10 782.30 EUR Million [+]
GDP From Construction 1587.80 1633.30 3452.00 1460.30 EUR Million [+]
GDP From Manufacturing 5446.50 5387.20 5587.00 4093.80 EUR Million [+]
GDP From Services 8491.30 8378.50 8491.30 5326.50 EUR Million [+]
GDP From Transport 3029.50 3003.90 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1166.10 1160.00 1315.00 777.80 EUR Million [+]
Gross National Product 48690.35 45951.05 48690.35 28400.00 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 3.30 -2.60 1988 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 3.18 Sep/17
United States 3.00 Sep/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
India 1.40 Jun/17
South Korea 1.40 Sep/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Australia 0.80 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Euro Area 0.60 Sep/17
France 0.50 Sep/17
Italy 0.50 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Japan 0.30 Sep/17
Switzerland 0.30 Jun/17
Brazil 0.20 Jun/17
Mexico -0.20 Sep/17