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

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. Still, domestic demand increased further boosted by strong investment. Year-on-year, the economy grew 2.9 percent, the most since the last quarter of 2000. 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 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.

Domestic demand grew 0.8 from the previous period (0.6 percent in Q1), with changes in inventories contributing positively to the growth and fixed investment rising 1.1 percent (2.8 percent in Q1). Investment in machinery and equipment went up at a slower pace (0.4 percent from 3.4 percent in Q1), while spending on construction contracted sharply (-3.3 percent from 5.1 percent in Q1). Meanwhile, investment in transport equipment jumped 31.9 percent (-0.8 percent in Q1). By contrast, household consumption contracted 0.3 percent, following a 0.9 percent growth in Q1; and government spending fell 0.1 percent, after showing no growth in the previous period.

Net external demand contributed negatively, as exports of goods and services fell 0.2 percent (2.9 percent in Q1), while imports rose 0.7 percent (1.9 percent in Q1). 

Year-on-year, the economy grew 2.9 percent, above the preliminary estimate of 2.8 percent and following an increase of 2.8 percent in the previous period. It was the strongest growth rate since the last quarter of 2000. Domestic demand grew 2.7 percent (2.6 percent in Q1), as households' spending expanded by 2.2 percent (2.3 percent in Q1) and fixed investment increased by 10.3 percent (9.6 percent in Q1) while public expenditure contracted 0.9 percent (-0.4 percent in Q1). Net external demand also contributed positively, as exports rose 8.2 percent (9.5 percent in Q1) and imports advanced at a slower 7.5 percent (8.8 percent in Q1).

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/31/2017 11:43:47 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-05-31 10:00 AM GDP Growth Rate QoQ Final 1% 0.7% 1% 1%
2017-08-14 10:00 AM GDP Growth Rate QoQ Prel 0.2% 1% 0.5% 0.9%
2017-08-31 10:00 AM GDP Growth Rate QoQ Final 0.3% 1% 0.2% 0.2%
2017-11-14 09:30 AM GDP Growth Rate QoQ Prel 0.3% 1.1%
2017-11-30 11:00 AM GDP Growth Rate QoQ Final 0.3% 1.1%


Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 1.00 3.30 -2.60 percent [+]
GDP Annual Growth Rate 3.00 2.80 5.00 -4.50 percent [+]
GDP 204.56 199.08 262.01 3.19 USD Billion [+]
GDP Constant Prices 44443.20 44291.20 45757.90 33671.10 EUR Million [+]
Gross Fixed Capital Formation 7467.50 7387.80 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 805.40 805.70 916.10 782.30 EUR Million [+]
GDP From Construction 1587.80 1633.30 3452.00 1460.30 EUR Million [+]
GDP From Manufacturing 5446.50 5387.20 5587.00 4093.80 EUR Million [+]
GDP From Services 8491.30 8378.50 8491.30 5326.50 EUR Million [+]
GDP From Transport 3029.50 3003.90 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1166.10 1160.00 1315.00 777.80 EUR Million [+]
Gross National Product 48690.35 45951.05 48690.35 28400.00 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 1.00 3.30 -2.60 1988 - 2017 percent Quarterly




gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.00 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Canada 1.10 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 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
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17
Russia -0.57 Sep/15