Portugal GDP Growth Rate 1988-2018 | Data | Chart | Calendar | Forecast

The Portuguese economy expanded 0.4 percent on quarter in the first three months of 2018, below 0.7 percent in the previous period and market expectations of 0.5 percent. It is the lowest growth rate in three quarters, preliminary estimates showed. The domestic demand contribution to growth was higher in Q1 than in Q4 as both gross fixed capital formation and private spending accelerated. On the other hand, net trade weighed down on the growth as imports rose faster than exports. Year-on-year, the economy grew 2.1 percent, below 2.4 percent in the previous period and the lowest in six quarters. GDP Growth Rate in Portugal averaged 0.40 percent from 1988 until 2018, 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.

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Portugal GDP Growth Slows to 0.4% in Q1

The Portuguese economy expanded 0.4 percent on quarter in the first three months of 2018, below 0.7 percent in the previous period and market expectations of 0.5 percent. It is the lowest growth rate in three quarters, preliminary estimates showed.

The domestic demand contribution to growth was higher in Q1 than in Q4 as both gross fixed capital formation and private spending accelerated. On the other hand, net trade weighed down on the growth as imports rose faster than exports.

Year-on-year, the economy grew 2.1 percent, below 2.4 percent in the previous period and the lowest in six quarters. Private consumption eased while investment and inventories rose slightly faster. Also, net trade contributed more negatively as exports slowed more than imports.

INE | Joana Taborda | joana.taborda@tradingeconomics.com
5/15/2018 9:02:57 AM

Recent Releases

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.
Published on 2018-02-28

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.
Published on 2018-02-14

Portuguese Q3 GDP Growth Confirmed at 0.5%
The Portuguese economy advanced 0.5 percent on quarter in the three months to September 2017, unrevised from the preliminary estimate and following a 0.3 percent expansion in the previous period. Household consumption was the main driver of growth while fixed investment contracted and net external demand contributed negatively.
Published on 2017-11-30

Portuguese GDP Grows 0.5% in Q3
The Portuguese economy advanced 0.5 percent on quarter in the three months to September of 2017 after expanding 0.3 percent in the previous period and missing market expectations of 0.6 percent, the preliminary estimates showed.
Published on 2017-11-14

Calendar	GMT		Actual	Previous	Consensus	TEForecast
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	08:30 AM	GDP Growth Rate QoQ Prel	0.4%	0.7%	0.4%	0.5%
2018-05-30	10:00 AM	GDP Growth Rate QoQ Final		0.7%	0.4%	0.4%
2018-08-14	10:00 AM	GDP Growth Rate QoQ Prel				0.3%
2018-08-31	10:00 AM	GDP Growth Rate QoQ Final

Portugal GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.40	0.70	3.30	-2.60	percent	[+]
GDP Annual Growth Rate	2.10	2.40	5.00	-4.50	percent	[+]
GDP	204.84	199.42	262.01	3.19	USD Billion	[+]
GDP Constant Prices	45406.70	45205.60	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 May of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.40	0.70	3.30	-2.60	1988 - 2018	percent	Quarterly

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
United States	2.30	Mar/18	2.9	16.9	-10	%	Quarterly
India	1.80	Dec/17	1.8	5.4	-1.7	%	Quarterly
Turkey	1.80	Dec/17	1.3	5.6	-5.2	%	Quarterly
China	1.40	Mar/18	1.6	2.4	1.3	%	Quarterly
Mexico	1.10	Mar/18	0.9	3.2	-5.7	%	Quarterly
South Korea	1.10	Mar/18	-0.2	7.8	-7	%	Quarterly
Spain	0.70	Mar/18	0.7	1.6	-1.6	%	Quarterly
Switzerland	0.60	Dec/17	0.7	2.3	-1.6	%	Quarterly
Netherlands	0.50	Mar/18	0.8	1.7	-3.2	%	Quarterly
Australia	0.40	Dec/17	0.7	4.4	-2	%	Quarterly
Canada	0.40	Dec/17	0.4	3.33	-2.3	%	Quarterly
Euro Area	0.40	Mar/18	0.7	1.3	-2.9	%	Quarterly
France	0.30	Mar/18	0.7	7.7	-5	%	Quarterly
Germany	0.30	Mar/18	0.6	4	-4.5	%	Quarterly
Italy	0.30	Mar/18	0.3	6	-2.8	%	Quarterly
Brazil	0.10	Dec/17	0.2	3.6	-4.1	%	Quarterly
United Kingdom	0.10	Mar/18	0.4	5	-2.7	%	Quarterly
Japan	-0.20	Mar/18	0.1	3.2	-4.9	%	Quarterly
Russia	-0.38	Dec/17	0.04	4.1	-5.4	%	Quarterly
Indonesia	-0.42	Mar/18	-1.7	4.01	-3.57	%	Quarterly