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

The Portuguese economy advanced 0.2 percent on quarter in the three months to June of 2017 after growing 1 percent in the previous period and missing market expectations of 0.5 percent, the preliminary estimate showed. It was the weakest pace of expansion in one year, mainly due to a negative contribution from net external demand. Year-on-year, GDP growth stood at 2.8 percent, unchanged from the previous period's nine-year high but below market expectations of 3.1 percent. 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 Economy Grows 0.2% in Q2


The Portuguese economy advanced 0.2 percent on quarter in the three months to June of 2017 after growing 1 percent in the previous period and missing market expectations of 0.5 percent, the preliminary estimate showed.

Compared with the previous period, GDP grew 0.2 percent, easing from an increase of 1 percent in the first quarter and missing market consensus of 0.5 percent. The reading marked a third year of consecutive growth, but the weakest pace of expansion since Q2 2016, mainly due to a negative contribution from net external demand. Meanwhile, domestic demand increased further boosted by investment, as both changes in inventories and gross fixed capital formation contributed positively, although the latter was lower than the observed in the previous quarter.

Year-on-year, GDP growth stood at 2.8 percent, unchanged from the previous period's nine-year high but below market expectations of 3.1 percent. The positive contribution of domestic demand remained strong, more intense than in the previous quarter, due to the acceleration of investment. Net external demand registered a slight negative contribution, reflecting the more pronounced deceleration in exports relatively to the deceleration in imports.

The government expects the economy to grow 1.8 percent in 2017.

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/14/2017 10:25:43 AM


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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-15 10:00 AM Q1 1% 0.7% 0.5%
2017-05-31 10:00 AM Q1 1% 0.7% 1% 1%
2017-08-14 10:00 AM Q2 0.2% 1% 0.5% 0.9%
2017-08-31 10:00 AM Q2 1% 0.2% 0.2%
2017-11-15 09:30 AM Q3 1.1%
2017-11-30 11:00 AM Q3 1.1%


Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 1.00 3.30 -2.60 percent [+]
GDP Annual Growth Rate 2.80 2.80 5.00 -4.50 percent [+]
GDP 204.56 199.08 262.01 3.19 USD Billion [+]
GDP Constant Prices 44414.40 44315.40 45757.90 33671.10 EUR Million [+]
Gross Fixed Capital Formation 7340.00 7188.10 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 805.70 804.50 916.10 782.30 EUR Million [+]
GDP From Construction 1631.80 1558.00 3452.00 1460.30 EUR Million [+]
GDP From Manufacturing 5373.90 5393.00 5587.00 4093.80 EUR Million [+]
GDP From Services 8380.10 8380.00 8380.10 5326.50 EUR Million [+]
GDP From Transport 3006.80 3062.90 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1166.20 1179.30 1315.00 777.80 EUR Million [+]
Gross National Product 45951.05 46514.29 47334.72 28400.00 EUR Million [+]


Portugal GDP Growth Rate Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 1.00 3.30 -2.60 1988 - 2017 percent Quarterly



gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 2.60 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Turkey 1.40 Mar/17
Brazil 1.00 Mar/17
Japan 1.00 Jun/17
Canada 0.90 Mar/17
Spain 0.90 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Australia 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.30 Jun/17
Russia -0.57 Sep/15