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.

Portugal GDP Growth Rate
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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



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




GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
South Korea -0.20 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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