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

The Portuguese economy advanced 0.7 percent on quarter in the last three months of 2017, above an upwardly revised 0.6 percent growth in the previous period in line with the preliminary estimate. There was a positive contribution from the net trade while domestic demand grew less than in the previous quarter. 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.

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Portuguese GDP Growth Remains Strong

The Portuguese economy advanced 0.7 percent on quarter in the last three months of 2017, above an upwardly revised 0.6 percent growth in the previous period in line with the preliminary estimate.

Exports rose 4.3 percent (0.5 percent in Q3) while imports grew only 2.9 percent (1.2 percent in Q3), switching the net trade contribution to positive (0.6 percentage points from -0.3 percentage points in Q3). On the other hand, the contribution from domestic demand fell to 0.1 percentage point from 1 percentage point in Q3, due to a slowdown in private expanditure (0.3 percent compared to 1.4 percent) and a drop in investment (-0.4 percent compared to +0.2 percent).

Year-on-year, the economy advanced 2.4 percent, the same as in the previous period and in line with the preliminary estimate.

Considering full 2017, the GDP advanced 2.7 percent, the most in 17 years and beating government estimates of a 2.6 percent rise. The contribution from domestic demand increased to 2.9 percentage points (1.6 percentage points in 2016), mainly due to higher investment. Net external demand registered a negative contribution of 0.2 percentage points (null in 2016), as imports rose faster than exports. In nominal terms, the trade balance of goods and services represented 1 percent of the GDP (1.1 percent in 2016).

INE | Joana Taborda | joana.taborda@tradingeconomics.com
2/28/2018 4:08:09 PM

Recent Releases

Portugal GDP Grows 0.7% in Q4
The Portuguese economy advanced 0.7 percent on quarter in the last three months of 2017, above 0.5 percent in the previous period. It is the fastest growth rate in three quarters, mainly boosted by higher exports, preliminary estimates showed.
Published on 2018-02-14

Portuguese Q3 GDP Growth Confirmed at 0.5%
The Portuguese economy advanced 0.5 percent on quarter in the three months to September 2017, unrevised from the preliminary estimate and following a 0.3 percent expansion in the previous period. Household consumption was the main driver of growth while fixed investment contracted and net external demand contributed negatively.
Published on 2017-11-30

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.
Published on 2017-11-14

Portuguese Q2 GDP Growth Revised Up to 0.3%
The Portuguese economy expanded 0.3 percent on quarter in the three months to June 2017, above the preliminary estimate of 0.2 percent and following an increase of 1 percent in the previous period. The reading marked a third year of consecutive growth, but the weakest pace since Q2 2016, mainly due to a negative contribution from net external demand.
Published on 2017-08-31

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2017-11-30	11:00 AM	GDP Growth Rate QoQ Final	0.5%	0.3%	0.5%	0.5%
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	10:00 AM	GDP Growth Rate QoQ Prel		0.7%		0.5%
2018-05-30	10:00 AM	GDP Growth Rate QoQ Final		0.7%
2018-08-14	10:00 AM	GDP Growth Rate QoQ Prel				0.50%

Portugal GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.70	0.60	3.30	-2.60	percent	[+]
GDP Annual Growth Rate	2.40	2.40	5.00	-4.50	percent	[+]
GDP	204.84	199.42	262.01	3.19	USD Billion	[+]
GDP Constant Prices	45205.60	44888.20	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 April of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.70	0.60	3.30	-2.60	1988 - 2017	percent	Quarterly

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
United States	2.90	Dec/17	3.2	16.9	-10	%	Quarterly
India	1.80	Dec/17	1.8	5.4	-1.7	%	Quarterly
Turkey	1.80	Dec/17	1.3	5.6	-5.2	%	Quarterly
China	1.40	Mar/18	1.6	2.4	1.3	%	Quarterly
Mexico	0.80	Dec/17	-0.2	2.9	-5.8	%	Quarterly
Netherlands	0.80	Dec/17	0.4	1.7	-3.2	%	Quarterly
France	0.70	Dec/17	0.5	7.7	-5	%	Quarterly
Spain	0.70	Dec/17	0.7	1.6	-1.6	%	Quarterly
Euro Area	0.60	Dec/17	0.7	1.3	-2.9	%	Quarterly
Germany	0.60	Dec/17	0.7	4	-4.5	%	Quarterly
Switzerland	0.60	Dec/17	0.7	2.3	-1.6	%	Quarterly
Australia	0.40	Dec/17	0.7	4.4	-2	%	Quarterly
Canada	0.40	Dec/17	0.4	3.33	-2.3	%	Quarterly
Japan	0.40	Dec/17	0.6	3.2	-4.9	%	Quarterly
United Kingdom	0.40	Dec/17	0.5	5	-2.7	%	Quarterly
Italy	0.30	Dec/17	0.4	6	-2.8	%	Quarterly
Brazil	0.10	Dec/17	0.2	3.6	-4.1	%	Quarterly
South Korea	-0.20	Dec/17	1.4	7.8	-7	%	Quarterly
Russia	-0.38	Dec/17	0.04	4.1	-5.4	%	Quarterly
Indonesia	-1.70	Dec/17	3.19	4.01	-3.57	%	Quarterly