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

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. 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 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.

Domestic demand grew 0.7 from the previous period (0.5 percent in Q2), with household consumption jumping 1.4 percent (-0.5 percent in Q2) and changes in inventories contributing positively to the growth. Meanwhile, government spending was unchanged for the second straight quarter while fixed investment shrank 1.3 percent (1.9 percent in Q2). Investment in transport equipment slumped 16.2 percent (26.5 percent in Q2) and spending on construction contracted 1.6 percent (-1.4 percent in Q2). Meanwhile, investment rose in other machinery and equipment (2.7 percent from 2.9 percent in Q2) and intellectual property products (2 percent from -1.6 percent percent in Q2).

Net external demand contributed negatively, as exports of goods and services rose 0.8 percent (-0.3 percent in Q2), while imports increased at a faster 1.3 percent (0.2 percent in Q2). 

Year-on-year, the economy grew 2.5 percent, unrevised from the preliminary estimate and following a 3 percent expansion in the previous period. Domestic demand advanced 3.2 percent (2.8 percent in Q2), as households' spending expanded by 2.6 percent (2 percent in Q2); fixed investment increased by 8.9 percent (11.1 percent in Q2); and public expenditure edged up 0.2 percent (-0.6 percent in Q2). Net external demand contributed negatively, as exports rose 6.8 percent (7.9 percent in Q2) and imports advanced at a faster 8.1 percent (7.1 percent in Q2).

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2017 11:33:14 AM



Calendar GMT Actual Previous Consensus TEForecast
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 0.5% 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 0.5%
2018-03-01 11:00 AM GDP Growth Rate QoQ Final 0.5%
2018-05-15 10:00 AM GDP Growth Rate QoQ Prel


Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.30 3.30 -2.60 percent [+]
GDP Annual Growth Rate 2.50 3.00 5.00 -4.50 percent [+]
GDP 204.56 199.08 262.01 3.19 USD Billion [+]
GDP Constant Prices 44823.10 44443.20 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 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 3.30 -2.60 1988 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17