The Gross Domestic Product (GDP) in Portugal expanded 4.20 percent in the third quarter of 2021 over the same quarter of the previous year. source: Statistics Portugal

GDP Annual Growth Rate in Portugal averaged 1.17 percent from 1996 until 2021, reaching an all time high of 16.10 percent in the second quarter of 2021 and a record low of -17.90 percent in the second quarter of 2020. This page provides - Portugal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Annual Growth Rate in Portugal is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal GDP Annual Growth Rate is projected to trend around 2.30 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Portugal GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 08:30 AM YoY Prel Q3 4.2% 16.1% 7.5%
2021-11-30 11:00 AM YoY Final Q3 4.2% 16.1% 4.2%
2022-02-02 09:30 AM YoY Prel Q4 4.2%


Related Last Previous Unit Reference
GDP Growth Rate 2.90 4.40 percent Sep/21
GDP Annual Growth Rate 4.20 16.10 percent Sep/21
GDP Constant Prices 49814.80 48465.50 EUR Million Sep/21
Gross Fixed Capital Formation 9044.60 9209.10 EUR Million Sep/21
Gross National Product 53604.98 52155.31 EUR Million Sep/21
GDP From Utilities 1583.90 1566.40 EUR Million Sep/21
GDP From Transport 3939.60 3721.30 EUR Million Sep/21
GDP From Services 8066.50 7560.90 EUR Million Sep/21
GDP From Manufacturing 6156.10 6134.80 EUR Million Sep/21
GDP From Construction 1939.70 1982.10 EUR Million Sep/21
GDP From Agriculture 1029.90 1012.90 EUR Million Sep/21
Portugal GDP Annual 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.