Portugal's gross domestic product grew 0.5 percent on quarter in the three months to June of 2019, the same pace as in the previous period, the preliminary estimate showed. The expansion was driven by external demand, while domestic demand were a drag on growth. Compared with the same quarter of 2018, the economy advanced 1.8 percent. GDP Growth Rate in Portugal averaged 0.41 percent from 1988 until 2019, 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.

GDP Growth Rate in Portugal is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Portugal to stand at 0.40 in 12 months time. In the long-term, the Portugal GDP Growth Rate is projected to trend around 0.30 percent in 2020, according to our econometric models.

Portugal GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 11:00 AM GDP Growth Rate QoQ Final Q4 0.4% 0.3% 0.4% 0.4%
2019-05-15 08:30 AM GDP Growth Rate QoQ Prel Q1 0.5% 0.4% 0.5% 0.4%
2019-05-31 10:00 AM GDP Growth Rate QoQ Final Q1 0.5% 0.4% 0.5% 0.5%
2019-08-14 08:30 AM GDP Growth Rate QoQ Prel Q2 0.5% 0.5% 0.4%
2019-08-30 10:00 AM GDP Growth Rate QoQ Final Q2 0.5% 0.5%
2019-11-14 09:30 AM GDP Growth Rate QoQ Prel Q3 0.4%
2019-11-29 11:00 AM GDP Growth Rate QoQ Final Q3 0.4%



Portugal Economy Grows 0.5% in Q2

Portugal's gross domestic product grew 0.5 percent on quarter in the three months to June of 2019, the same pace as in the previous period, the preliminary estimate showed. It remained the strongest growth rate since the second quarter of 2018.

The contribution of net external demand was positive, after being negative in the previous quarter, while domestic demand were a drag on growth.

Year-on-year, the economy advanced 1.8 percent in the second quarter of 2019, the same pace as in the previous period. The contribution of domestic demand decreased, reflecting the deceleration of final consumption expenditure and Investment. Meantime, net trade’s contribution was less negative than in the last quarter, with imports rising less than exports.


INE | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
8/14/2019 11:19:15 AM


News

Portugal Q1 GDP Growth Confirmed at 0.5%
The Portuguese quarterly economic growth was confirmed at 0.5 percent in the first quarter of 2019, slightly above the previous period's figure of 0.4 percent and in line with preliminary estimates. It is the strongest growth rate since the second quarter of 2018.
Published on 2019-05-31

Portugal GDP Growth Quickens to 0.5% in Q1
The Portuguese economy advanced by 0.5 percent on quarter in the first three months of 2019, up from 0.4 percent in the previous period and beating market expectations of 0.3 percent, a preliminary estimate showed. It is the strongest growth rate since the second quarter of 2018.
Published on 2019-05-15

Portugal Q4 GDP Growth Confirmed at 0.4%
The Portuguese quarterly economic growth was confirmed at 0.4 percent in the fourth quarter of 2018, slightly above the previous period's figure of 0.3 percent.
Published on 2019-02-28

Portugal Q4 GDP Growth Stronger than Expected
The Portuguese economy grew by 0.4 percent on quarter in the last three months of 2018, following a 0.3 percent expansion in the previous period and beating market expectations of 0.3 percent, a preliminary estimate showed.
Published on 2019-02-14



Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.50 3.30 -2.60 percent [+]
GDP Annual Growth Rate 1.80 1.80 5.00 -4.50 percent [+]
GDP 237.98 219.31 262.01 3.19 USD Billion [+]
GDP Constant Prices 46685.70 46448.80 46685.70 33674.90 EUR Million [+]
Gross Fixed Capital Formation 8896.70 8212.70 11235.50 6328.80 EUR Million [+]
GDP per capita 23737.70 23197.40 23737.70 4506.05 USD [+]
GDP per capita PPP 28687.50 28034.60 28687.50 20166.90 USD [+]
GDP From Agriculture 832.70 832.40 916.10 782.30 EUR Million [+]
GDP From Construction 1779.80 1671.70 3452.00 1493.80 EUR Million [+]
GDP From Manufacturing 5604.70 5658.20 5729.40 4093.80 EUR Million [+]
GDP From Services 8781.60 8659.10 8781.60 5326.50 EUR Million [+]
GDP From Transport 3314.00 3333.60 3337.50 1865.10 EUR Million [+]
GDP From Utilities 1235.10 1254.00 1315.00 777.80 EUR Million [+]
Gross National Product 50051.60 51423.00 51423.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 3.30 -2.60 1988 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
United States 2.10 Jun/19
China 1.60 Jun/19
India 1.40 Mar/19
Turkey 1.30 Mar/19
South Korea 1.10 Jun/19
Saudi Arabia 1.07 Dec/18
Switzerland 0.60 Mar/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Australia 0.40 Mar/19
Japan 0.40 Jun/19
Euro Area 0.20 Jun/19
France 0.20 Jun/19
Canada 0.10 Mar/19
Mexico 0.10 Jun/19
Italy 0.00 Jun/19
Germany -0.10 Jun/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
United Kingdom -0.20 Jun/19
Russia -0.40 Mar/19
South Africa -3.20 Mar/19
Singapore -3.30 Jun/19


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