Portugal’s GDP rose 2.6 percent on quarter in the first three months of 2022, accelerating from a revised 1.7 percent expansion in the previous quarter, a preliminary estimate showed. Domestic demand was a key driver of growth, partly due to the acceleration of private consumption, while the contribution of net external demand remained slightly positive. Year-on-year, the economy advanced 11.9 percent, following a revised 5.9 percent expansion in the fourth quarter of 2021. source: Statistics Portugal
GDP Growth Rate in Portugal averaged 0.43 percent from 1988 until 2022, reaching an all time high of 14.70 percent in the third quarter of 2020 and a record low of -15.20 percent in the second quarter of 2020. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
GDP Growth Rate in Portugal is expected to be -1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal GDP Growth Rate is projected to trend around 0.60 percent in 2023 and 0.50 percent in 2024, according to our econometric models.