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 0.5 percent in the previous period. It is the fastest growth rate in three quarters, mainly boosted by higher exports, preliminary estimates showed. Considering full 2017, the Portuguese GDP grew 2.7 percent, much faster than 1.5 percent in 2016 and the strongest growth rate in 17 years. Figures also beat government estimates of a 2.6 percent rise, mainly due to higher investment. 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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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.

Exports rose faster than imports, switching the contribution from net trade to positive from negative. On the other hand, the contribution from domestic demand fell mainly due to a slowdown in private spending.

Year-on-year, the economy grew 2.4 percent, slightly below 2.5 percent in the third quarter amid a slowdown in investment and household consumption. Meanwhile, net external demand contributed positively to growth as sales went up more than purchases. 

Considering full 2017, the Portuguese economy advanced 2.7 percent, much faster than 1.5 percent in 2016 and the strongest growth rate in 17 years. Figures also beat government estimates of a 2.6 percent rise, mainly due to higher investment. For 2018, the government expects 2.2 percent growth. 


INE | Joana Taborda | joana.taborda@tradingeconomics.com
2/14/2018 9:56:13 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-14 09:30 AM GDP Growth Rate QoQ Prel 0.5% 0.3% 0.5% 1.1%
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 0.5% 0.7% 0.7%
2018-05-15 10:00 AM GDP Growth Rate QoQ Prel 0.50%
2018-05-31 10:00 AM GDP Growth Rate QoQ Final


Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.50 3.30 -2.60 percent [+]
GDP Annual Growth Rate 2.40 2.50 5.00 -4.50 percent [+]
GDP 204.84 199.42 262.01 3.19 USD Billion [+]
GDP Constant Prices 45131.10 44823.10 45757.90 33671.10 EUR Million [+]
Gross Fixed Capital Formation 7645.10 7467.50 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 765.50 805.40 916.10 765.50 EUR Million [+]
GDP From Construction 1562.70 1587.80 3452.00 1460.30 EUR Million [+]
GDP From Manufacturing 5597.00 5446.50 5597.00 4093.80 EUR Million [+]
GDP From Services 8467.20 8491.30 8491.30 5326.50 EUR Million [+]
GDP From Transport 3195.00 3029.50 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1185.90 1166.10 1315.00 777.80 EUR Million [+]
Gross National Product 49187.73 48690.35 49187.73 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.50 3.30 -2.60 1988 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.60 Dec/17
China 1.60 Dec/17
India 1.60 Sep/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Mexico 1.00 Dec/17
Netherlands 0.80 Dec/17
Spain 0.70 Dec/17
Australia 0.60 Sep/17
Euro Area 0.60 Dec/17
France 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Sep/17
United Kingdom 0.50 Dec/17
Canada 0.40 Sep/17
Italy 0.30 Dec/17
Brazil 0.10 Sep/17
Japan 0.10 Dec/17
South Korea -0.20 Dec/17
Indonesia -1.70 Dec/17


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