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

The Portuguese economy expanded 0.4 percent on quarter in the first three months of 2018, below 0.7 percent in the previous period and market expectations of 0.5 percent. It is the lowest growth rate in three quarters, preliminary estimates showed. The domestic demand contribution to growth was higher in Q1 than in Q4 as both gross fixed capital formation and private spending accelerated. On the other hand, net trade weighed down on the growth as imports rose faster than exports. Year-on-year, the economy grew 2.1 percent, below 2.4 percent in the previous period and the lowest in six quarters. 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 GDP Growth Slows to 0.4% in Q1


The Portuguese economy expanded 0.4 percent on quarter in the first three months of 2018, below 0.7 percent in the previous period and market expectations of 0.5 percent. It is the lowest growth rate in three quarters, preliminary estimates showed.

The domestic demand contribution to growth was higher in Q1 than in Q4 as both gross fixed capital formation and private spending accelerated. On the other hand, net trade weighed down on the growth as imports rose faster than exports.

Year-on-year, the economy grew 2.1 percent, below 2.4 percent in the previous period and the lowest in six quarters. Private consumption eased while investment and inventories rose slightly faster. Also, net trade contributed more negatively as exports slowed more than imports. 


INE | Joana Taborda | joana.taborda@tradingeconomics.com
5/15/2018 9:02:57 AM



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


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 45406.70 45205.60 45757.80 33671.10 EUR Million [+]
Gross Fixed Capital Formation 7743.70 7724.30 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 820.90 817.20 916.10 775.50 EUR Million [+]
GDP From Construction 1629.40 1564.60 3452.00 1472.40 EUR Million [+]
GDP From Manufacturing 5682.30 5648.30 5682.30 4093.80 EUR Million [+]
GDP From Services 8556.50 8464.10 8556.50 5326.50 EUR Million [+]
GDP From Transport 3130.40 3164.40 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1200.50 1179.30 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 May 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 2.30 Mar/18
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 1.10 Mar/18
South Korea 1.10 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Dec/17
Netherlands 0.50 Mar/18
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Euro Area 0.40 Mar/18
France 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
Brazil 0.10 Dec/17
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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